BNTX - Hot Stocks: DB winding down Russian ops; COVID vaccine makers rally; CVX OXY downgrade

Renewed COVID concerns and the ongoing aftermath of Russia's invasion of Ukraine drove trading in Monday's midday action. Deutsche Bank (NYSE:DB) was one of the standout performers, rallying on news that it had decided to join a long list of other major banks to pull out of Russia. Meanwhile, COVID vaccine makers got a lift on signs of the virus's resurgence in China. BioNTech (NASDAQ:BNTX), Moderna (NASDAQ:MRNA) and Novavax (NASDAQ:NVAX) all posted notable gains on the news. Elsewhere in the market, Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY) came further off their recent highs, dragged down by a downgrade from Morgan Stanley. Gainers Deutsche Bank (DB) jumped nearly 10% in midday action on news that the company will wind down its operations in Russia. The move represents a change in policy from the German bank's previous stance. As recently as last Thursday, the company had argued that it should remain in

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Hot Stocks: DB winding down Russian ops; COVID vaccine makers rally; CVX, OXY downgrade