Stocks

Novavax stock tanks on report of COVID-19 vaccine manufacturing troubles

The potential production problems with Novavax's vaccine could hamper the efforts of the COVAX initiative, which forecast in September that it will be able to provide low and middle-income countries 1.425 billion COVID-19 vaccine doses to by the end of the year and 2 billion doses by the first quarter of 2022.

Stocks tick higher as Fed minutes lay out taper

U.S. stock indexes ticked higher Wednesday after minutes from the latest Fed meeting showed the central bank's tapering could begin next month and consumer prices surged at the fastest annual pace in 13 years.