What's Going On With Moderna Shares Today?
Portfolio Pulse from Adam Eckert
Moderna Inc (NASDAQ:MRNA) shares are trading higher amid reports of a COVID-19 surge in China due to the new XBB variant. China has given initial approval to two new vaccines for the XBB variant, and several vaccine stocks, including Moderna, are rallying on the potential need for new vaccines or boosters.
May 24, 2023 | 12:44 pm
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Moderna shares are trading higher as the new XBB variant of COVID-19 increases demand for new vaccines and boosters, potentially benefiting the company.
The new XBB variant of COVID-19 is causing a surge in cases in China, leading to increased demand for new vaccines and boosters. Moderna, as a major vaccine producer, stands to benefit from this increased demand, which is driving its share price higher.
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