Market plunges after new Coronavirus reported in Wuhan but Pfizer and Moderna stock soars

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Market plunges after new Coronavirus reported in Wuhan but Pfizer and Moderna stock soars

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Friday marked the worst day of the year for the stock market as the Dow lost 748.63 points, however, pharmaceutical companies stood out as a glaring exception, with both Pfizer and Moderna stocks on the rise. The new market figures come after researchers at the Wuhan Institute of Virology published a report pointing to a deadlier type of coronavirus called HKU5-CoV-2. Wuhan was at the center of a popular theory that claimed Covid-19 was manufactured in their lab and accidentally leaked to the public, although some contest that the virus occurred naturally.
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