{"id":111496,"date":"2024-10-07T18:09:07","date_gmt":"2024-10-07T11:09:07","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=111496"},"modified":"2024-10-07T18:09:07","modified_gmt":"2024-10-07T11:09:07","slug":"starboard-has-taken-a-significant-stake-in-pfizer","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=111496","title":{"rendered":"Starboard Has Taken a Significant Stake in Pfizer"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul class=\"summary-list\">\n<li>Starboard Value has taken a stake in Pfizer, people familiar with the matter said.<\/li>\n<li>The drug giant&#8217;s stock price has dropped significantly since its COVID-19 vaccine rollout.<\/li>\n<li>Starboard&#8217;s stake in Pfizer is reportedly worth about $1 billion.<\/li>\n<\/ul>\n<p><!-- Excluded mobile ad on desktop --><\/p>\n<div class=\"inline-newsletter-signup&#10;                          headline-regular loading&#10;                          insider-today\" id=\"formContainer\" data-component-type=\"inline-newsletter-module\" data-event-label=\"insider_today\" data-newsletter-id=\"1\" data-newsletter-title=\"Insider Today\" data-acq-source=\"financeverticalinline\" data-track-view=\"{&quot;product_field&quot;:&quot;bi_value_unassigned&quot;,&quot;element_name&quot;:&quot;inline_newsletter&quot;}\">\n<section class=\"inline-newsletter-content\">\n<div class=\"success-container__mobile d-none\">\n<p>Thanks for signing up!<\/p>\n<p>\n                              Access your favorite topics in a personalized feed while you&#8217;re on the go.<br \/>\n                              <button class=\"rounded-button headline-semibold white-button download\" type=\"white\"><br \/>\n                                download the app<br \/>\n                              <\/button>      <\/p>\n<\/p><\/div>\n<form id=\"emailCapture\" action=\"javascript:void(0);\" method=\"POST\" novalidate=\"\">\n<div class=\"sign-up-tos headline-regular\" id=\"nlTos\">\n                                  By clicking \u201cSign Up\u201d, you accept our <a class=\"tos-anchor\" href=\"https:\/\/www.insider-inc.com\/terms\" target=\"_blank\" rel=\"noopener\">Terms of Service<\/a> and <a class=\"tos-anchor\" href=\"https:\/\/www.insider-inc.com\/privacy-policy\" target=\"_blank\" rel=\"noopener\">Privacy Policy<\/a>. You can opt-out at any time by visiting our Preferences page or by clicking &#8220;unsubscribe&#8221; at the bottom of the email.\n                              <\/div>\n<\/p><\/form>\n<\/section>\n<div class=\"inline-newsletter-img-wrapper-desktop\">\n<div class=\"lazy-holder lazy-holder  has-transparency\" style=\"padding-top: calc(100% * 124 \/ 111)\">\n<p>                              <img decoding=\"async\" class=\"lazy-image has-transparency\" viewbox=\"0 0 1 1\" src=\"https:\/\/www.businessinsider.com\/public\/assets\/rebrand\/newsletter-bull.png\" alt=\"Bull\"\/><\/p>\n<p>                              <noscript><br \/>\n                                  <img decoding=\"async\" src=\"https:\/\/www.businessinsider.com\/public\/assets\/rebrand\/newsletter-bull.png\"\/><br \/>\n                              <\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>Starboard Value has its next target: pharma giant Pfizer.<\/p>\n<p>The activist investor has informed Pfizer that it has taken a significant stake in the drugmaker, people familiar with the matter told Business Insider.<\/p>\n<p>Pfizer stock has fallen sharply since it reached record highs in 2021 during the rollout of its COVID-19 vaccine.<\/p>\n<p>The Wall Street Journal <a target=\"_blank\" class=\"\" href=\"https:\/\/www.wsj.com\/health\/pharma\/activist-starboard-value-takes-1-billion-stake-in-pfizer-89591cb6\" data-analytics-product-module=\"body_link\" rel=\"nofollow noopener\">earlier reported the Starboard stake,<\/a> which it and The Financial Times valued at about $1 billion.<\/p>\n<p><!-- Excluded mobile ad on desktop --><\/p>\n<p>Under CEO Albert Bourla, Pfizer&#8217;s annual revenue soared to $100 billion during the pandemic thanks to the release of the first COVID-19 vaccine in the US and later the antiviral treatment Paxlovid.<\/p>\n<p>But the revenues from those products have declined significantly over the past two years as demand waned, and the company&#8217;s attempts to buoy its share price \u2014 including cost-cutting campaigns and acquisitions \u2014 haven&#8217;t panned out.<\/p>\n<p>Pfizer stock reached nearly $60 a share in December 2021, but has fallen more than 50% since, and the market cap now stands at about $162 billion. Revenue in 2023 dipped to $58.5 billion.<\/p>\n<p>Shares were trading 2.7% higher in premarket trading early Monday.<\/p>\n<p><!-- Excluded mobile ad on desktop --><\/p>\n<p>Starboard, which managed $8.5 billion in assets at the start of the year, has recently taken stakes in coffee chain Starbucks and Match Group, the owner of dating app Tinder.<\/p>\n<p>It also has taken a stake in Rupert Murdoch&#8217;s News Corp. and has pushed for a breakup of the media conglomerate.<\/p>\n<p>Pfizer declined to comment.<\/p>\n<\/p><\/div>\n<p><script>window.allScripts = window.allScripts || []; window.allScripts.push({ type: \"load\", script: \"%3Cscript%20id%3D%22meta-pixel-script%22%3E(()%3D%3E%7Bvar%20e%3D%7B69531%3A()%3D%3E%7Bvar%20e%2Cn%2Cr%2Ct%2Co%2Ci%3Bfunction%20s()%7Bwindow.Fenrir%3F.cm%3F.ccpaApplies%26%26%22ACCEPT%22%3D%3D%3Dwindow.Fenrir%3F.cm%3F.userConsent.OPT_OUT%3Ffbq(%22dataProcessingOptions%22%2C%5B%22LDU%22%5D%2C0%2C0)%3Afbq(%22dataProcessingOptions%22%2C%5B%5D)%2Cfbq(%22init%22%2C%221988166924554892%22)%2Cfbq(%22track%22%2C%22PageView%22)%7De%3Dwindow%2Cn%3Ddocument%2Cr%3D%22script%22%2Ce.fbq%7C%7C(t%3De.fbq%3Dfunction()%7Bt.callMethod%3Ft.callMethod.apply(t%2Carguments)%3At.queue.push(arguments)%7D%2Ce._fbq%7C%7C(e._fbq%3Dt)%2Ct.push%3Dt%2Ct.loaded%3D!0%2Ct.version%3D%222.0%22%2Ct.queue%3D%5B%5D%2C(o%3Dn.createElement(r)).async%3D!0%2Co.src%3D%22https%3A%2F%2Fconnect.facebook.net%2Fen_US%2Ffbevents.js%22%2C(i%3Dn.getElementsByTagName(r)%5B0%5D).parentNode.insertBefore(o%2Ci))%2Cwindow.Fenrir%3F.cm%3F.cmStarted%26%26window.Fenrir%3F.cm%3F.userConsent%3Fs()%3AsetTimeout(s%2C1e3)%7D%7D%2Cn%3D%7B%7D%3Bfunction%20r(t)%7Bvar%20o%3Dn%5Bt%5D%3Bif(void%200!%3D%3Do)return%20o.exports%3Bvar%20i%3Dn%5Bt%5D%3D%7Bexports%3A%7B%7D%7D%3Breturn%20e%5Bt%5D(i%2Ci.exports%2Cr)%2Ci.exports%7Dr.m%3De%2Cr.c%3Dn%2Cr.o%3D(e%2Cn)%3D%3EObject.prototype.hasOwnProperty.call(e%2Cn)%2C(()%3D%3E%7Br.S%3D%7B%7D%3Bvar%20e%3D%7B%7D%2Cn%3D%7B%7D%3Br.I%3D(t%2Co)%3D%3E%7Bo%7C%7C(o%3D%5B%5D)%3Bvar%20i%3Dn%5Bt%5D%3Bif(i%7C%7C(i%3Dn%5Bt%5D%3D%7B%7D)%2C!(o.indexOf(i)%3E%3D0))%7Bif(o.push(i)%2Ce%5Bt%5D)return%20e%5Bt%5D%3Br.o(r.S%2Ct)%7C%7C(r.S%5Bt%5D%3D%7B%7D)%3Br.S%5Bt%5D%3Bvar%20s%3D%5B%5D%3Breturn%20s.length%3Fe%5Bt%5D%3DPromise.all(s).then((()%3D%3Ee%5Bt%5D%3D1))%3Ae%5Bt%5D%3D1%7D%7D%7D)()%3Br(69531)%7D)()%3B%3C%2Fscript%3E\" });<\/script><br \/>\n<br \/><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.businessinsider.com\/starboard-activist-significant-stake-in-drugmaker-pfizer-2024-10\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starboard Value has taken a stake in Pfizer, people familiar with the matter said. The drug giant&#8217;s stock price has dropped significantly since its COVID-19 vaccine rollout. Starboard&#8217;s stake in &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=111496\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-111496","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111496"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111496\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}