Big vax energy... BioNTech stock soared 15% for the week after the German biotech announced the COVID-19 vaccine it developed with Pfizer was more than 90% effective in final-stage trials. Dr. Fauci said a vaccine could be approved at 50% to 60% effectiveness, so 90% is huge — but results are preliminary. BioNTech also got a boost from its earnings: quarterly sales from customer contracts more than doubled from last year.
Slap a sticker on... for "cool factor." VF Corp is the uninspiringly-named company behind Vans, North Face, and Timberland — now VF is snatching up Supreme for $2.1B. The iconic streetwear brand is best known for its red logo (it's everywhere). VF shares soared last week, making the biggest 1-day jump in over 30 years. Investors hope Supreme's digital savvy will rub off on VF — but some worry Supreme could lose its hype factor as a part of VF.