First American News LLC: Raleigh, NC: Pfizer and Nikola are back again in the news reporting positive numbers. Pfizer (PFE) – The drug maker’s shares gained 1.5% in the premarket following a Bank of America upgrade to “buy” from “neutral”. The upgrade is based on factors that include the rollout of the oral Covid-19 pill Paxlovid as well as significant pipeline investments. Additionally, Pfizer signed a new collaboration agreement with German partner BioNTech (BTNX) to develop an mRNA-based shingles vaccine. BioNTech rose 1.7%. Get Bloomberg News and The Wall Street Journal here.
Nikola (NKLA) – Nikola gained 2.2% in premarket action after logistics company USA Truck (USAK) announced a deal to buy 10 electric Nikola trucks. Separately, Nikola has dropped a $2 billion patent lawsuit against Tesla (TSLA), according to a federal court filing in San Francisco. The electric car maker had sued Tesla in 2018, accusing its rival of copying several of its designs. Click here to continue reading on the latest news for Pfizer and Nikola, only at Bloomberg News.