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 | EU to provide budgetary support to Armenia The agreement is aimed at increasing the competitiveness of the educational system of Armenia. Seven injured in massive gas station explosion in Armenia The Investigative Committee of Armenia has unveiled details about a massive explosion at a gas station on the Yerevan-Sevan highway. Pashinyan’s spokesperson denies intention to visit Baku for COP29 Pashinyan’s agenda doesn’t include a trip to Baku for the COP29 conference, his press secretary Nazeli Baghdasaryan has said. Russia accuses West of preparing invasion of CSTO countries NATO is preparing an invasion of the CSTO countries, the number of provocations in the air is growing, Sergei Shoigu has said. |