Episode 99: 💊Pfizer Pill Sent To FDA, 📈 Walmart Plans to Beat Inflation

Pfizer on Tuesday submitted its application to the Food and Drug Administration for emergency authorization of its Covid-19 treatment pill, saying it reduces hospitalization and death by 89% when administered with a common HIV drug. If authorized by the FDA, the pill could help revolutionize the fight against Covid by allowing high-risk people infected with the virus to take an oral antiviral drug at home instead of going to the hospital. Such a treatment could help reduce the strain that has been put on hospital systems during the pandemic. The pill, known as Paxlovid, blocks the activity of an enzyme the virus needs to replicate. Paxlovid is used in combination with a low dose of ritonavir, an HIV drug, to slow the patient’s metabolism, allowing the drug to remain active in the body at a higher concentration for a longer period to combat the virus. As the cost of groceries and household goods rises, Walmart CEO Doug McMillon said the big-box retailer will lean into its longtime strategy: undercutting rivals on price. Lucid Group’s market value blew past Ford Motor on Tuesday to $89.9 billion following a 24% runup in the EV start-up’s stock price after executives told investors that reservations for its first vehicles had jumped and that its production plans for 2022 were still on track. Peloton shares were rising Tuesday even after the company announced it was planning to raise $1.07 billion through a new stock offering that values its shares at a discount to their current trading price. The offering of 23.9 million shares at $46 each comes just a few weeks after Peloton said it had no reason to raise additional funds. In its announcement Tuesday, the connected fitness equipment maker said the proceeds would be used for general corporate purposes, including the construction or expansion of facilities, acquisitions, and investments in new products and technologies. 📚Books: https://www.amazon.com/s?k=reginald+seay&crid=XNP2FB40Q3TH&sprefix=reginald+seay%2Caps%2C232&ref=nb_sb_noss 📚 Course: https://market-marauders-complete-guides.teachable.com/p/the-complete-guide-to-cryptocurrency 📚Website: www.marketmarauders.net 🦩Twitter: @yourequest 😎Instagram: market_marauders 📧Email: [email protected] 🚧 DISCLAIMER🚧 I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read and/or view and/or hear on the channel.