MSGE - Hot Stocks: PFE/BNTX COVID vaccine; EDIT rises on gene-editing data; MSGE revenue beat
Pfizer (NYSE:PFE) and BioNTech (NASDAQ:BNTX) took the spotlight in Monday's midday trading on news that U.S. authorities had given full approval to their COVID-19 vaccine. Both stocks rose on the news. Drug development headlines also gave a boost to Axsome Therapeutics (NASDAQ:AXSM). Regulators have not requested any additional information about the company's application for a depression treatment. Elsewhere in the biotech space, Editas Medicine (NASDAQ:EDIT) rallied after it presented data on gene-editing technology. Meanwhile, Madison Square Garden Entertainment (NYSE:MSGE) posted a double-digit percentage gain in intraday action thanks to a dramatic revenue beat. The U.S. Food and Drug Administration announced that it has granted full approval to the COVID vaccine created by Pfizer (PFE) and BioNTech (BNTX) for people 16 years old and above. Previously, the product had been used under an emergency approval. The full approval could open the door to increased vaccine mandates. Meanwhile, the shot can still
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Hot Stocks: PFE/BNTX COVID vaccine; EDIT rises on gene-editing data; MSGE revenue beat