Benzinga
Why Zoom Shares Are Falling
Zoom Video Communications Inc (NASDAQ: ZM) shares are trading lower in possible reaction to positive data from Pfizer for its COVID-19 oral antiviral treatment candidate, which has weighed on remote work outlook. Weakness in remote fitness company Peloton could also pressure the space. According to Pfizer: PAXLOVID™ was found to reduce the risk of hospitalization or death by 89% compared to placebo in non-hospitalized high-risk adults with COVID-19 In the overall study population through Day 28,
