Pfizer’s Fizzling Stock | Biggest-Ever NFT Buyer | The Grammys’ Winning Women

Plus:  The Surprise Investors Who Scored Billions From Coupang’s IPO

Good morning.

Pfizer’s shares are not performing as well as other Covid-19 vaccine manufacturers—CEO Albert Bourla talks to Forbes about his company’s stock market marathon. We also report on the buyer of the $69.3 million NFT sale and the winners and record-breakers of music’s biggest night.

In The News Today

AstraZeneca insisted its Covid-19 vaccine was safe after two more countries suspended jabs over reports of possible side effects including blood clots.

President Joe Biden refrained from calling for the resignation of New York Governor Andrew Cuomo, who faces several accusations of sexual harassment.

Top Take-Aways

After developing successful Covid-19 vaccines, Moderna and BioNTech have become stock market darlings. Pfizer’s stock instead is down 15% since Albert Bourla started as CEO in January 2019. He is convinced investors will soon realize Pfizer’s stock is undervalued.

Robotics investments boomed during the pandemic, with venture firms pouring $6.3 billion into robotics companies. Industrial robotics firms specifically garnered $1.9 billion of that funding, up 90% from the $1 billion they took in a year earlier. 

Hindenburg Research accused Lordstown Motors of misleading investors by exaggerating demand for its Endurance pickup and ability to build it, causing shares of the Ohio-based electric truck maker to fall 17% on Friday.

Billionaire family-owned Haworth has been making office furniture classics like cubicles and office chairs for decades. Now, it's weathering the pandemic by producing luxury goods—all while helping its clients return to the office.

The buyer of the record-breaking $69.3 million sale of the digital artwork “Everydays: The First 5,000 Days”—the largest amount ever paid for a nonfungible token, or NFT—was revealed to be an anonymously run Singapore-based crypto fund, Metapurse.

Women dominated this year’s Grammys’ awards, scoring victories in the four main categories and setting new records.

Since the Oscars 2021 nominations are announced today, it’s worth noting a former golden statuette winner, Avatar, has claimed back the record of biggest-grossing movie of all time in raw global grosses from Avengers: Endgame, more than a decade since its release.

Today's Must Read

In Case You Missed It

The founding partners at venture capital firm High Alpha devised their early-stage firm during a brainstorm at a weekend getaway in a cabin in south Indiana in 2015. Six years later, it’s invested in more than 50 companies—and just raised the largest VC fund in the state’s history.

Tips You Can Trust

Meghan, Harry And Buckingham Palace Are Providing Key Crisis Communication Lessons

3 Effective Tips On How Women Can Be More Assertive In The Workplace

Across Forbes