After hinting at ongoing negotiations for larger vaccine deals on its earnings call, Moderna Inc (NASDAQ: MRNA) said late Tuesday that it signed an agreement with the U.S. government to supply 100 million doses of its coronavirus vaccine candidate mRNA-1273 for $1.525 billion.The Moderna Analysts: SVB Leerink analyst Mani Foroohar maintained a Market Perform rating on Moderna shares and lowered the price target from $60 to $58. Chardan analyst Geulah Livshits maintained a Buy rating and $95 price target.Morgan Stanley analyst Matthew Harrison maintained an Overweight rating and $90 price target.SVB Leerink Sees Long-Term Pricing Risk: The contract award from the U.S. government implies a price of $15.25 per dose, materially below the previously modeled $22 per dose, as well as the Pfizer Inc. (NYSE: PFE)/BioNTech SE - ADR (NASDAQ: BNTX) combine's $19.50 per-dose pricing for the government contract, Foroohar said in a Wednesday note.Moderna's contract with the U.S. government includes...
FMCSA has extended regulatory relief for drivers that provide direct assistance in support of emergency relief efforts related to COVID-19, including supplies for the emergency restocking of distribution centers or stores, which had been removed in June. ...
(Bloomberg) -- Apple Inc.’s planned stock split will diminish its influence on the Dow Jones Industrial Average after the iPhone maker’s 100% surge since March lows nearly dragged the price-weighted measure back to an all-time high.At its current price of $452 a share, Apple has the biggest weighting in the index at 11%. A 4-to-1 split now would drop its price tag to about $113 and send its ranking in the Dow Average down to 16th. Apple has rallied almost 55% in 2020, adding more than 1,100 points to a stock measure that’s fallen about 2% during that time. The split is scheduled to take effect Aug. 31.In a world where passive investing rules the stock market, a drop of weight in indexes like the Dow Average is likely to prompt outflows from money managers who mimic benchmark changes. About $31.5 billion was either indexed or benchmarked to the gauge at...
Carnival Corp (NYSE: CCL) shares are trading lower on Wednesday after Morgan Stanley maintained its Underweight rating on the stock and lowered its price target from $11 to $10 per share.Carnival is the largest global cruise company, with more than 100 ships on the seas at the end of 2019. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted about 13 million guests in 2019.Carnival Cruise shares were down 4.42% at $15.12 at time of publication on Wednesday. The stock has a 52-week high of $51.94 and a 52-week low of $7.80.Related Links:Carnival's Princess Cruises Reports Voluntary Pause Of Worldwide Ship Operations For 60...
