Reported about 4 hours ago
Activist investor Starboard Value has acquired a $1 billion stake in Pfizer, seeking to instigate changes to enhance the company's performance amidst declining sales for its COVID-19 vaccines and other products. The investment firm has approached former Pfizer executives Ian Read and Frank D'Amelio for support. Pfizer's stock price has significantly dropped from $41 in 2019 to $28.58 recently, as investors express concerns over management decisions and disappointing product launches.
Source: YAHOO