Early leak of Moderna's phase 3 cancer vaccine data triggers a 26% plunge in the company's stock.
55 minutes ago
Phase 3 data for the personalized melanoma vaccine co-developed by Moderna (MRNA) and Merck was leaked early. Despite positive clinical results, the stock was heavily sold off. During Thursday’s U.S. trading session, MRNA hit a low of $180.80, down approximately 26.45% from the prior close, and roughly 28.95% from its October 21 peak of $254.48. The stock later rebounded, closing at $202.63, down 17.57% on the day. The positive results reportedly failed to meet the market’s already elevated expectations. According to Reuters, the released data shows the combination therapy reduced melanoma recurrence or death risk by 42%, and distant metastasis or death risk by 38%. After the stock had surged over 500% year-to-date, the market had already priced in high expectations for the vaccine’s efficacy and future commercial prospects. Institutions including UBS noted that the recent decline is more akin to a typical "sell the news" move, as investors began reassessing whether the clinical results can justify the earlier valuation gains.
Vercel targets long-term API keys: labels them "insecure" by the end of the year, set to remove entirely next year.
2 minutes ago
SpaceX is reportedly in talks to access at least 80,000 U.S. cell towers, advancing its bid to become the fourth national wireless carrier.
2 minutes ago
U.S. spot Bitcoin ETFs recorded a net outflow of $635 million yesterday, while Ethereum ETFs saw a net outflow of $110 million.
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Bitget Launches Stock Contracts for Danaher (DHR) and AT&T (TSTOCK)
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The largest crude oil short position on Hyperliquid is on the verge of liquidation, with just a 2.85% rise in oil prices needed to trigger the liquidation of $12 million in short positions.
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SlowMist's PHP Vulnerability Report: Affects Web3 Off-Chain Infrastructure, Project Teams Should Immediately Upgrade to the Latest Version
2 minutes ago
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