Pfizer (PFE) Surges on Starboard's $1 Billion Investment Plan

Pfizer (PFE, Financial) stock saw a notable increase of 2.94% attributed to a reported $1 billion investment by activist investor Starboard Value. This strategic move is intended to breathe new life into Pfizer, as the stock has experienced a substantial decrease from its highs during the pandemic era.The pharmaceutical giant Pfizer (PFE, Financial) faces hurdles, notably a sharp decline in the demand for its COVID-19 vaccines as the pandemic eases. Moreover, the company has been unable to keep pace with co ...