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COVID-19 Vaccine Update India Market

Moderna and Novavax pare losses after Supreme Court strikes down Biden’s vaccine mandate for private employers

Sumary of Moderna and Novavax pare losses after Supreme Court strikes down Biden’s vaccine mandate for private employers:

  • Novavax and Moderna shares were under pressure Friday after the Supreme Court struck down a vaccine mandate for private companies.
  • The ruling blocked the Biden administration’s vaccine-or-testing mandate at private companies with more than 100 employees.
  • Shares of Novavax and Moderna trimmed losses Friday after the Biden administration’s vaccine-or-testing mandate for certain private companies was blocked by the Supreme Court.
  • In a 6-3 ruling issued Thursday afternoon, the court’s conservative majority wrote in an unsigned opinion that the administration likely didn’t hold the authority to impose its policy.

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