Diamonds and Dogs
Time to book a vacation. Booking Holdings (BKNG) the owner of Priceline and Kayak among others is up 3% following strong earnings. Thanks to the higher vaccinations and the reopening of economies bookings sales rose 77% to $23.7 billion. Earnings are expected to double next year as sales rise 50%/ The company has also recorded more gross bookings for the Christmas and New Year period in the U.S. than it had two years ago, before the pandemic.
Pfizer beating Moderna (MRNA). Moderna (MRNA) is down 16% following strong earnings as sales rose 3000%, but both earnings and sales missed as Pfizer has cemented their lead in the COVID-19 vaccine market in the US and Europe. Pfizer has 75% market share in the US. Pfizer has also snapped up the first authorizations for Covid-19 booster shots, and the vaccination of teenagers and of children. Moderna said it has signed $17 billion worth of purchase agreements for delivery of its Covid-19 vaccine in 2022.
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