Novavax Shares Drop as FDA Requests New Trial for COVID-19 Vaccine Approval

Published 1 days agoNVAX

Novavax Shares Drop as FDA Requests New Trial for COVID-19 Vaccine Approval

Novavax's stock fell by 4.8% to $6.73 after the FDA requested an additional clinical trial to evaluate the effectiveness of its COVID-19 vaccine. The Wall Street Journal reported that the agency's request has delayed the vaccine's path to full approval in the U.S.

According to Reuters, the FDA has urged Novavax to provide more conclusive evidence regarding its vaccine's efficacy before it can receive final approval. The report also suggests that the approval process is being influenced by recent political appointees, potentially affecting the speed of the decision-making process.

Novavax has yet to issue an official response to the FDA's request. The company is currently navigating regulatory challenges amid discussions about vaccine approval expectations. However, as of the report, there was no comment from Novavax on the specific details of the FDA's demands or the implications for their vaccine rollout plans.

Share this article

Twitter Facebook LinkedIn

Recent Articles

AT&T Prioritizes Internal Metrics Over Competitive Pressures

AT&T Prioritizes Internal Metrics Over Competitive Pressures

29 minutes agoT

An executive at AT&T has recently highlighted the telecommunications giant's focus on internal performance benchmarks rather than being swayed by external competitive pressures. This strategic emphasis marks a shift towards maintaining internal goals and metrics as the primary drivers of decision-making within the company. The company is committed to what it describes as 'rational competition,' deliberately avoiding aggressive tactics in subscriber acquisition that could lead to unsustainable business practices. This approach is part of AT&T's broader strategic plan aimed at achieving sustainable growth and enhancing shareholder returns by expanding its fiber broadband network and modernizing wireless infrastructure, according to sources like Fierce Network. AT&T also laid out its financial outlook, expecting consolidated service revenue growth in the low-single-digit range annually from 2025 to 2027, alongside an adjusted EBITDA growth of 3% or better annually during the same period. The company plans to return over $40 billion to shareholders through dividends and share repurchases over the next three years, starting with a $10 billion share repurchase authorization expected to be completed by the end of 2026, as reported by AT&T's official labs site.

Investors Anticipate Apple's Earnings Amid Trade Tensions

Investors Anticipate Apple's Earnings Amid Trade Tensions

44 minutes agoAAPL

Investors are on edge as Apple's forthcoming earnings report will reflect the impact of recent U.S. tariffs on Chinese imports, which have reached up to 145%. These tariffs were implemented to encourage U.S. manufacturing but have led to significant tensions with China, which has responded with retaliatory tariffs of up to 125% and restrictions on essential rare earth exports critical to the electronics industry, as noted by Windows Central. To counter these trade challenges, Apple has announced a strategic adjustment to its supply chain, planning to double iPhone production in India and relocate all manufacturing for the U.S. market to India by the end of 2026. This move is aimed at reducing Apple's reliance on Chinese manufacturing amid escalating tariffs, reported the Financial Times. Analysts, such as those from Bank of America, have commented that the tariff effects are "manageable," citing the possibility to source 80% of U.S.-sold devices from outside China, which may help avoid substantial price increases, according to The Street. Despite the tariffs and a reported 11% decline in Greater China revenue, Apple's previous fiscal quarter showed resilience with record profits and a 14% rise in services revenue. As the market remains sensitive to these global dynamics, Apple shares closed at $209.28 on April 26, 2025, reflecting the ongoing volatility. With the company adjusting its strategies in response to these challenges, investors are closely watching the upcoming earnings to evaluate Apple's adaptability in the shifting global trade environment.

Salesforce Faces Analyst Downgrades Amid AI Concerns

Salesforce Faces Analyst Downgrades Amid AI Concerns

Salesforce has recently been downgraded by Guggenheim to a 'Sell' rating, as the company's AI initiatives face monetization challenges amidst fierce competition. According to deepstreet.io, this downgrade reflects concerns about Salesforce's ability to manage its AI investments against competitors like Microsoft and Amazon. Salesforce's fiscal 2026 revenue projections of $40.5 billion to $40.9 billion fall short of analysts' expectations of $41.35 billion, as reported by Reuters. This shortfall is attributed to slow adoption of its AI platform, Agentforce, indicating potential hurdles in keeping pace with the rapidly evolving AI marketplace. In response to these developments, Salesforce's stock has experienced declines, with investor sentiment reflecting unease over the company's current trajectory. Salesforce is currently trading at $267.85, according to Economic Times, as the firm navigates increasing competitive pressures and seeks to sharpen its AI strategies.

Toyota Eyes $42 Billion Buyout of Key Supplier Toyota Industries

Toyota Eyes $42 Billion Buyout of Key Supplier Toyota Industries

Toyota Motor Corp. is exploring a major acquisition of its key supplier, Toyota Industries, in a deal proposed by Toyota Chairman Akio Toyoda and the founding family. This buyout, valued at 6 trillion yen ($42 billion), is significant due to Toyota's existing 24% stake in Toyota Industries, which also holds investments in Toyota and other key suppliers like Denso. According to Reuters, this move is aimed at simplifying the complex cross-shareholdings within the Toyota group. Currently, Toyota Industries has publicly stated it has not received any buyout proposal from Toyota's chairman or group, although the company has shown an interest in going private. Despite these claims, the financial implications of such a buyout could realign interests within the large corporate structure of Toyota, which is well-known for its interconnected equity holdings. This potential acquisition is viewed as a strategic move by Toyota Motor Corp. to enhance its governance by reducing the intricate web of cross-holdings. Additionally, it could provide Toyota Industries with the flexibility to focus on long-term business growth without the constraints of short-term public market expectations. Such a shift could strengthen its position and operational efficiency in the competitive automotive industry.