Coronavirus Drug Bets May Be Hazardous to Your Wealth

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Coronavirus Drug Bets May Be Hazardous to Your Wealth
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Investors are betting on drug companies that are developing potential treatment for the new coronavirus. But CGrantWSJ explains why that surge will probably be short lived. WSJWhatsNow

While companies affected by the novel coronavirus outbreak have watched their stock prices plunge, those with a possible solution have surged.

Shares of Vir Biotechnology, which announced an effort to develop a Covid-19 treatment on Tuesday morning, have more than doubled this week, despite a swoon on Friday. Moderna, which has delivered a potential vaccine for use in human trials, nearly doubled before retreating. The rally came as...

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