Pfizer (PFE) Stock: Why It Fell Over 1.8% Today

Why: Investors are responding to what President Joe Biden said during an interview.

More details: During a “60 Minutes” interview, President Biden specifically said that the pandemic is “over.” However, President Biden acknowledged that the U.S. is still dealing with problems associated with the coronavirus.

“The pandemic is over. We still have a problem with Covid. We’re still doing a lot of work on it. But the pandemic is over,” said Biden during the interview.

The US Centers for Disease Control and Prevention made changes to the COVID-19 guidance last month by urging the country away from measures like quarantines and social distancing. Instead, the organization is focusing on reducing severe disease from COVID-19. The elderly, immunocompromised, and those who have certain disabilities or underlying health conditions are at higher risk for serious illness and may have to take more precautions.