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        <title><![CDATA[Zoom, Peloton shares tumble 15 percent on COVID vaccine news]]></title>
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            <media:title type="html">Zoom, Peloton shares tumble 15 percent on COVID vaccine news</media:title>
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						<p>Shares of companies that have benefited from the pandemic &#8212; including Zoom, Peloton, Netflix and Amazon &#8211;tanked after Pfizer revealed that it is getting closer to a coronavirus vaccine that could let people get back to the office.</p>
<p>The popular video-conferencing software provider Zoom plummeted more than 16 percent following the Monday announcement, as the realization set in that its <strong>pandemic-fueled joyride</strong> may be coming to an end.</p>
<p>The stay-at-home-stock is up more than 365 percent since March, when COVID-19 descended on the United States and schools, offices and book clubs pivoted to Zoom. But Pfizer&#8217;s vaccine is a major milestone against the virus, with the company saying it is <strong>more than 90 percent effective</strong>.</p>
<p>“Today is a great day for science and humanity,” Pfizer CEO Albert Bourla <strong>said in a statement</strong>. “With today’s news, we are a significant step closer to providing people around the world with a much-needed breakthrough to help bring an end to this global health crisis.”</p>
<p>Zoom wasn&#8217;t alone in getting sold off by investors in the wake of the positive vaccine news, however. Netflix, which has benefitted from a largely captive, bored audience of viewers stuck in their homes since the spring, was down 5.6 percent Monday morning as a result of the announcement.</p>
<p>Popular exercise bike maker Peloton — which has <strong>been riding the gravy train</strong>&nbsp;for months with gyms shut down across the country — was also down 15 percent on the news, while workplace software company Slack slipped 3.5 percent in early morning trading.</p>
<p>Amazon, which has seen orders skyrocket as shoppers have been kept from visiting brick-and-mortar stores by the pandemic, was also down 3 percent.</p>
<p>Zoom is set to open Monday trading down 15 percent, at $425.16.</p>
			
					
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                <dc:creator><![CDATA[GAGmen]]></dc:creator>
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