
Why shares of Novavax are getting crushed
CBSN
Shares of American biotech company and COVID-19 vaccine maker Novavax slid dramatically as the company slashed its sales forecast due to a slump in demand for it shots.
The company's stock dived 31% Tuesday after it cut its 2022 sales outlook in half.
Novavax's protein-based vaccine was a latecomer to the market: it was only authorized by the Food and Drug Administration for use by adults in the U.S. last month, after a majority of U.S. adults had been vaccinated with Pfizer, Moderna or Johnson & Johnson shots. Only 7,381 Novavax vaccine doses have been administered in the U.S., government data shows.

Trump's military parade tomorrow isn't the first in the U.S. — but they're rare. Here's a look back.
Washington — President Trump is hosting a parade celebrating the 250th anniversary of the U.S. Army on Saturday, bringing tanks and soldiers to the streets of Washington, D.C., for the capital's first major military parade in more than three decades.

A military parade through the streets of Washington, D.C., is being held to celebrate the U.S. Army's 250th anniversary on Saturday, June 14 — which also happens to be President Trump's 79th birthday. Army officials say about 6,600 soldiers, 150 vehicles and more than 50 aircraft are set to participate.