Description: Shares of Merck & Co. MRK, tumbled 9.5% in midday trading Friday, putting them on track to suffer the biggest one-day drop since January 2005, after Pfizer Inc. PFE, released data on a pill to treat COVID-19 that showed greater efficacy than Merck’s.
Date: Nov 05, 2021
Questions for discussion:
- What does the article say to investors who are invested in the pharmaceutical firms fighting Covid?
- What would you advise investors do to mitigate risk in this field?