Fannie, Freddie Place Large Bids for Mortgage-Backed Securities; Pfizer Says Lyme Vaccine Was Effective; DraftKings Rises
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - Fannie Mae and Freddie Mac have begun placing sizable orders to purchase mortgage-backed securities, stepping into a market roiled by widening bond spreads and a surge in volatility, according to a person with direct knowledge of the matter. - Pfizer (PFE) said its experimental Lyme disease vaccine was 73% effective against the tick-borne illness, though fewer-than-expected cases in a study made it hard to determine how well it works on a large scale. - Shares in DraftKings (DKNG) and Flutter erase…
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