Category: Markets

Billionaire Moderna CEO Stéphane Bancel Pledges Stock Options Worth $355 Million To Undisclosed Charitable Causes

Despite a steep Moderna stock crash this year, the longtime biotech executive has amassed a $4.6 billion fortune.

Moderna Stock Falls Despite Vaccine Sales More Than Tripling From Last Year

Shares moved lower despite strong earnings results from the vaccine-maker.

Pharma Billionaire Wu Yiling Loses $1 Billion In One Day As Questions Mount Over His Covid Medicine

Wu Yiling, the founder of traditional Chinese medicine producer Shijiazhuang Yiling Pharmaceutical, saw his wealth plunge by $1.1 billion in just one day amid questions over the efficacy of his purported Covid-treatment drugs.

Cannabis Stocks Are Surging Ahead Of House Vote On Marijuana Legalization Next Week

Sundial and Tilray are up about 50% but the gains may just be temporary.

Moderna Stock Plunges Despite ‘Vaccine Day’ Touting 31 New Shots And $21 Billion In Sales—Here’s Why

One analyst blasted Moderna’s flu vaccine results as a “nonstarter” clinically, while others said investors are still too focused on Covid.

Moderna Stock Crash Worsens Even After Morgan Stanley Says Flu Vaccine Results Could Boost Shares

Moderna stock fell 6% despite the bullish projection, pushing shares down nearly 72% below their August all-time high.

Peloton Shares Fall After Major Outage Temporarily Hits Bikes And Treadmills

The outage lasted just over an hour before getting resolved, but shares fell on the news.

Moderna Stock Crash: Losses Top $140 Billion As Insiders Sell Millions Of Dollars In Shares

One of last year’s best-performing stocks, Moderna has plummeted more than 70% from its all-time high six months ago.

Peloton Shares Fall After New CEO Says Company Won’t Be Sold In The ‘Foreseeable Future’

Peloton’s new CEO, Barry McCarthy, pledged to double down on content and downplayed the possibility of a sale.

Can Peloton Be Saved? Here’s What Experts Say About The New CEO, Barry McCarthy

Shares of Peloton surged roughly 25% after Barry McCarthy was announced as the new CEO.