Paxlovid, a coronavirus disease (COVID-19) pill made by Pfizer, is made in Ascoli, Italy in this undated handout photo by Reuters on November 16, 2021.
Pfizer | Handout | via Reuters
Check out the companies that are making the headlines in midday trading.
Pfizer – Shares rose 1.1% after UK regulators approved the use of Paxlovid, the drug company’s Covid-19 antiviral pill, for people over 18 with mild to moderate illness. The USA Approval from the Food and Drug Administration last week the use of paxlovid in patients aged 12 and over with mild to moderate Covid who are very likely to be hospitalized or not survive.
carnival, Norwegian Cruise Line Cruise ship stocks continued to struggle after the U.S. Centers for Disease Control and Prevention announced Thursday shouldn’t travel on cruisesregardless of vaccination status. Carnival was down 2%, Norwegian Cruise Line was down 1.3% and Royal Caribbean was also down.
Peloton – Peloton stocks fell 3.8% after JMP Securities has downgraded the share’s performance to market value outperform the market. JMP said consumer interest in the home fitness company is waning.
Coterra energy – The oil company fell 2.8% on the last day of 2021. Coterra announced Thursday that Vice President and Chief Technology Officer Kevin William Smith sold nearly 40,000 shares earlier this week.
Novavax The drug maker’s shares fell more than 7% after it was revealed it had renewed manufacturing agreements with Korea-based SK Bioscience. Novavax has also received emergency approval for its Covid-19 vaccines in India.
I have – The Chinese ride-hailing company continued to decline through year-end, down 4.7% on Friday. Didi went public in June, but the stock has since fallen as Chinese regulators took action against the company.
– CNBC’s Jesse Pound and Yun Li contributed to the coverage