Pfizer Rallies After Pivotal Sale

Alexangel Ventura
Oct 7, 2024
1 min read

Pfizer stock surged following news of a massive stake of the company being sold to an investor.

Activist investor Starboard Value, an emerging hedge fund, purchased a billion-dollar stake in Pfizer as it aims to make returns out of its investment.

Pfizer is a large pharmaceutical company which centers its products on medications and vaccines. It was pivotal in the distribution of COVID-19 vaccines during the height of the pandemic. Despite its importance at the time, the company struggled finding its next big hit. Its recent vaccines have not been as popular as its COVID vaccine.

Now, the company is aiming at finding the next treatment for certain types of cancer.

Shares of Pfizer soared 2.5% premarket, and is expected to surge even further over the course of the week.

Top Stories

Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

As the deal between Warner Bros. Discovery and Netflix continues toward realization, the proposed business acquisition has garnered significant opposition by some of the nation's most prominent political leaders. The Warner Bros. logo pictured just outside the studio lot in Burbank California, 2008, Amy T. Zielinski/Getty Images. On December, Netflix agreed to formally purchase Warner Bros.' film and television studies for roughly $82-83 billion, equating to roughly $72 billi

6 hours ago2 min read

Stock "Trump accounts" given green light by first donors, bolstering feasibility

The proposed "Trump accounts," which were first established under the One, Big, Beautiful Bill Act past July, was given a major boost by a donation from two billionaires, increasing the chances for its feasibility by next summer, its expected launch date. Michael Dell, CEO of Dell Technologies (left) and his wife Susan Dell (right) speaking during their White House announcement of a large donation to the "Trump accounts" policy, Reuters. The propose d accounts would include a

3 days ago2 min read

Mamdani & Trump's White House Meeting: How the Left and the Right are agreeing to come together

In a country with a strictly double-sided, polarizing political system as the United States has been over the past decade, Republicans and Democrats have showed signs of easing the cross-party divide - by emphasizing their agreements, not merely devolving to personal attacks and disagreements. Donald Trump pats Mayor-Elect Zohran Mamdani in the arm as he responds to a question from reporters, The Independent [taken from video]. On November 21st, President Trump invited NYC's

Nov 212 min read

Pfizer Rallies After Pivotal Sale

Recent Posts

Top Stories

Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

Stock "Trump accounts" given green light by first donors, bolstering feasibility

Mamdani & Trump's White House Meeting: How the Left and the Right are agreeing to come together

© 2025 The Daily Drop. All rights reserved.