Pfizer and BioNTech to request emergency use authorization today
The S&P 500 is down 0.3% amid losses across all 11 of its sectors. No sector is down more than 0.8%, though.Shares of Pfizer (PFE 36.73, +0.53, +1.5%) and BioNTech (BNTX 99.99, +5.06, +5.3%) are outperforming after announcing they will submit their application to the FDA today in order to receive emergency use authorization for their COVID-19 vaccine by next month. The market is appropriately not reacting to this news since this was the expected move as of Wednesday when they concluded their Phase 3 study. The S&P 500 health care sector is down 0.3%.