Forbes: Moderna stock rallies by over 12%August 4, 2021 - 16:42 AMT PanARMENIAN.Net - Moderna stock rallied by more than 12% since a July 19 update and remains up by almost 50% over the last month, Forbes reports. The gains are driven largely by the inclusion of the stock into the S&P 500 index from July 21, which, in turn, drove demand from index funds and likely from managed funds that are benchmarked to the S&P 500. Moreover, Covid-19 cases have also been trending steadily higher as the highly infectious Delta variant of the virus spreads, putting vaccine makers back in the spotlight. Over the last two weeks, the seven-day trailing average of Covid-19 cases in the U.S. has risen from around 32,000 to 78,000. Major businesses across the U.S., including Walmart WMT +1.1% and Disney DIS -1.5%, have been mandating vaccinations as a condition for workers to return to the office. Educational institutions, hospitals, and local governments have also announced similar policies, and this should make more people come forward to get vaccinated, boding well for vaccine makers. Separately, research is also showing that protection provided by Covid-19 vaccines begins to wane after several months, making a strong case for booster shots. While we initially expected a decline in vaccine sales from 2022 onward, the declining immunity, coupled with the spread of new and more infectious virus variants, indicate that the Covid-19 shots could become a recurring revenue stream for Moderna through the coming years. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. Partner news | Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. CSTO recognizes Armenia’s sovereign right to withdraw Tasmagambetov has said that if Armenia decides to leave the organization, “it will be the sovereign right of Armenia.” Ex-President: Only removal of “defeatist” rulers can save Armenia Former Armenian President Serzh Sargsyan has shared a message on the 109th anniversary of the Armenian Genocide. |