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01.12.25 - 19:39
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Vaccine Stocks Drop After FDA Memo Links COVID Shots To Child Deaths (ZeroHedge)
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Vaccine Stocks Drop After FDA Memo Links COVID Shots To Child Deaths
Vaccine stocks slumped Monday after an explosive memo from FDA vaccine chief Vinay Prasad surfaced late Friday, signaling the agency is preparing to roll out tough restrictions on new vaccines for children. Prasad described a "profound revelation" linking Covid shots to at least ten deaths in children.
By late morning, Vaccine makers dropped on the memo: Moderna -6%, BioNTech -4.3%, Novavax -4%, Vaxcyte -6.6%.
"This is a profound revelation," Prasad wrote in the memo. "For the first time, the US FDA will acknowledge that COVID-19 vaccines have killed American children."
He added, "It is horrifying to consider that the US vaccine regulation, including our actions, may have harmed more children than we saved. This requires humility and introspection."
Wall Street analysts weighed in on the memo, and all agreed it introduces a new regulatory overhang for vaccine stocks.
Here's what...
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