CNBC
04 Jun 2026, 16:57 UTC · 2h ago
Confirmed screwworm case in Texas sends two biotech stocks higher
CNBC
04 Jun 2026, 16:57 UTC · 2h ago
Story key points
3 claims · impact-rated
New World screwworm parasites have been detected in Texas livestock, with thousands of cases already circulating in Mexico. — Widespread livestock infestation poses a significant risk to beef supply chains and could trigger volatility in cattle futures and consumer demand.
-0.60Zoetis holds FDA emergency use authorization for an over-the-counter drug that treats and prevents screwworm reinfestation. — Direct revenue opportunity for the company as the primary provider of a critical medical solution to a growing livestock crisis.
+0.50Options market activity for Zoetis has surged to 20 times the daily average with a heavy bullish bias toward calls. — Indicates strong short-term trader conviction in the stock's upward trajectory based on the parasite outbreak.
+0.30Ticker attribution
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Model heads
Shares rose and options volume surged due to the company's FDA-approved drug for treating the screwworm parasite.
Shares popped in trading as investors looked for potential winners amid the screwworm outbreak.
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