Many people see Twitter as a platform to relieve nerves and stress. For this reason, it fits a lot of aggressive displays in general. However, they are not expected to have dire consequences.
Share prices for Moderna and BioNTech, makers of the most popular Covid-19 vaccines, were up 16% and 20%, respectively, yesterday. This financial disaster is the consequence of a message on Twitter from US Senator Bernie Sanders. The former presidential candidate harshly criticized the two companies, according to Business Insider.
Bernie Sanders led to the downfall of Moderna and BioNTech
Bernie Sanders’ online protests came days after a new strain of Covid-19 was identified. Not to be outdone, the Omicron announcements sent Moderna and BioNTech stock prices skyrocketing, and the senator felt the need to express his frustration at this dire correlation.
The point is that there has been a rise of no less than 35% in Moderna’s share price following the WHO’s Omicron announcement and a 19% rise in the case of BioNTech shares. On the one hand, this development is a consequence of investor confidence in messenger RNA vaccines, vaccines that can be rapidly adapted to new strains of Covid-19. On the other hand, advertisements such as those of the new strains usually lead to an increase in the number of vaccinated, a detail that once again increases the profitability of the aforementioned giants.
“It is obscene. Last week, eight Pfizer and Moderna investors became rich by $ 10 billion following news of the spread of the new Omicron variant. It’s time for these drug companies to share their vaccines with the rest of the world and start controlling their greed, ”Bernie Sanders tweeted Sunday night, hours before the stock market opened Monday morning.
The fallout was immediately visible, but unsurprisingly, stocks will return to their usual thresholds in a few days.
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