Failures of Covid vaccine maker Novavax Inc (NASDAQ: NVAX) and diagnostic start-up Lucira Health Inc (NASDAQ: LHDX) show that companies often succeed or fail, owing to the whims of the government.&nb
The S&P 500 dropped for the second consecutive session on Wednesday following the release of manufacturing data.
The yield on 10-year notes surpasses 4% for the first time since November, after the ISM survey showed that the US manufacturing activity contracted in February. The ISM manufacturing PMI rose to 47.7 in February from 47.4 in the previous month.
Novavax Inc (NASDAQ: NVAX) shares are crashing Wednesday after the company warned that substantial doubt exists regarding its ability to continue.
Jim Cramer isn't surprised.
Gainers
Reata Pharmaceuticals Inc (NASDAQ: RETA) shares jumped 171.5% to $84.67 after the company reported the FDA approval of SKYCLARYS for patients with Friedreich's Ataxia.