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08/24/2021
Pfizer's FDA Approval is Boosting These Stocks
Bets on the vaccine have paid off
Since 2020, investors have been rallying behind shares of Pfizer and Germany's BioNTech, two companies that were poised to play a crucial role in helping bring an end to a devastating pandemic. Those bets have paid off.
What's happening: On Monday, the U.S. Food and Drug Administration (FDA) granted full approval to the Pfizer-BioNTech coronavirus vaccine for people aged 16 and over. It's the first vaccine to receive this designation.
Pfizer shares gained 2.5 percent, while BioNTech's stock jumped 9.6 percent.
Please select this link to read the complete article from CNN.