Diamonds and Dogs
COVID-19 vaccine sales strong for BioNTech (BNTX). The German partner for Pfizer, BioNTech is up 10% to new highs following strong earnings. Earnings easily beat expectations as sales rose a mere 7,294% to $2 billion. BioNTech is under contract for $1.8 COVID-19 vaccine doses. Full year 2021 manufacturing capacity will be 3 billion doses and another 3 billion doses in 2022.
SNL was not kind to Tesla (TSLA) as the stock is down 6% after their CEO and found Elon Musk hosted SNL. Marriott (MAR) is down 3% following earnings. The hotel company beat earnings and made money even as sales fell 50% year over year. However, the company is expecting a strong summer season for travel and leisure. In China, demand are back above pre-pandemic levels with business travel returning as well.
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