Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Vaccine-Makers Hit as Supreme Court Blocks Vaccine-or-Test Mandate

Stock MarketsJan 14, 2022 08:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters

By Dhirendra Tripathi

Investing.com – Shares of companies making Covid vaccines were taking a knock in premarket trading a day after the U.S. Supreme Court blocked the Biden administration’s workplace vaccine-or-test mandate for larger private employers.

Novavax (NASDAQ:NVAX) stock took the biggest hit, losing more than 10%. The company is more than a year behind bringing a vaccine to the market and is yet to seek FDA’s nod for emergency use. It has secured the nod from WHO and in U.K., the E.U., India and in a few more countries.

BioNTech (NASDAQ:BNTX) lost 5% while its partner, Pfizer (NYSE:PFE), fell 1.6%. Moderna (NASDAQ:MRNA) was down 5.4% while Johnson & Johnson (NYSE:JNJ), the least affected since it draws only  minuscule revenue from the vaccines, shed 0.6%.

The conditions for businesses with 100 or more employees would have applied to an estimated 84 million workers. The court ruled the administration didn’t have the unilateral power to impose a mandate that employers ensure their workers are vaccinated or tested every week to detect coronavirus.

The ruling comes at a time when omicron, the most contagious of the coronavirus variants, has led to record infections in the U.S. and elsewhere in the world. According to New York Times, an average of more than 803,000 coronavirus cases have been reported each of the last seven days in the U.S., an increase of 133% from two weeks ago.

Corporates, after keeping offices shut for almost two years, are beginning to reopen workplaces while a large number of their workers remain reluctant to get the vaccine.

Vaccine-Makers Hit as Supreme Court Blocks Vaccine-or-Test Mandate
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (9)
dave westings
westings Jan 14, 2022 11:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
i dont think this virus cares to much about human laws, it will destroy 20% of the population the next years anyways since ppl dont care anymore. stopping it is really to late at this point.
Jo Pa
Jo Pa Jan 14, 2022 11:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
We're on the down slope of the 'epidemic curve', as hard immunity is reaching completion. The vax doesn't provide enough immunity to prevent spread, so vax mandates won't stop the spread.
Jamie Kent
Jamie Kent Jan 14, 2022 11:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
That is what I don't understand. It is now clear that vaccines do not prevent infection nor spread, yet they are still pushing mandates and restrictions. Makes no sense anymore. I get the reduced hospitalization angle, but the rest is illogical rubbish; and it seems the clearer this becomes the harder they are pushing the vaccine, even going so far as to claim they are all racist and misogynist and promising to ******* them off." What is the point of all of this?
Al Mon
Al Mon Jan 14, 2022 11:55AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This virus is Just an excuse to take the peoples tax money and steal it through corp funding
Jo Pa
Jo Pa Jan 14, 2022 11:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
States with the highest vax rates also have the highest case rates. There are far more cases now than before the vaccine a year ago. It's obvious the vaccine is not working, and likely even making things worse.
Henrique Donato
Henrique Donato Jan 14, 2022 11:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
do you even think before writing?
Jo Pa
Jo Pa Jan 14, 2022 11:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Insults are not a valid counter argument.
Henrique Donato
Henrique Donato Jan 14, 2022 11:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Jo Pa  i really think its a waste of time explaining things to people like you... good luck!
Matt Novakovich
Matt Novakovich Jan 14, 2022 11:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Henrique Donato covid is fake
Honey Badger
Honey Badger Jan 14, 2022 11:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thanks God someone finally 🙏 protect citizens from these crimal acts
Jim Hermann
Jim Hermann Jan 14, 2022 10:37AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It's sad businesses will be hurt the worst as more employees and customers stay home and Omicron burns its way through the population.
William Smith
William Smith Jan 14, 2022 10:19AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So sad to see the 3 liberals voted citizens have no individual rights under the Constitution.
El Broker
El Broker Jan 14, 2022 9:45AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
thank you..God Bless.
William Smith
William Smith Jan 14, 2022 9:35AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thank you Supreme Court for stopping the tyranny attempt by Biden and the leftists.
Jack Peterson
Jack Peterson Jan 14, 2022 9:26AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
SELL!!!!!!!!! The Biden House of Cards is about to fold… buckle up
John Avenetti
John Avenetti Jan 14, 2022 9:09AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It's the only logical thing that's come out of the government in 2 years. The ONLY thing
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email