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Novavax Inc. shares lost a third of their value after its covid-19 vaccine which trailed competitors getting to market failed to live up to expectations and the drugmaker slashed its 2022 revenue forecast.
The Biden administration is letting states lead the way in the nationwide response to a surge in Covid-19 cases brought on by the omicron variant, while the Centers for Disease Control and Prevention updated isolation guidance in an effort to get Americans back to work and mitigate economic disruptions.