Moderna Crash Wipes Out $22 Billion In Value After Merck’s Covid Pill Triggers Vaccine Stock Plunge

Topline Shares of Covid-19 vaccine makers collapsed Friday morning after pharmaceutical giant Merck announced it would seek regulatory approval for a first-of-its-kind treatment against the disease, sparking more than $30 billion in losses for a slew of stocks that headed up much of the market’s pandemic rally. Moderna tanked 15% Friday, while Novavax and BioNtech…

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Philippine leader Duterte announces retirement from politics

MANILA, Philippines (AP) — Philippine President Rodrigo Duterte on Saturday announced he was retiring from politics and dropping plans to run for vice president in next year’s elections when his term ends, avoiding a legal battle with opponents who question such a move.Speaking before reporters, Duterte said many Filipinos have expressed their opposition to his…

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