Moderna, Novavax, and Other Vaccine Stocks Get Whacked by Supreme Court’s Vaccine Decision


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Novavax stock and shares of other vaccine makers fell Friday after the Supreme Court blocked the Biden administration’s vaccine mandate for companies that employ 100 workers or more. It’s just one more headwind for a group of stocks that once seemed untouchable.

The Supreme Court’s conservative majority dealt a major setback to the Biden administration’s effort to boost vaccination rates on Thursday, ruling that the government didn’t have the unilateral power to impose the mandate for all large businesses through the Occupational…