Moderna slashed its sales guidance on lower-than-expected demand in Europe. CEO Stéphane Bancel tells Yahoo Finance why.
) shares slid more than 20% Thursday after the company slashed its sales guidance for 2024, largely because of a lack of new COVID -19 vaccine orders from the European Union.
"As you know, the situation in Europe is not good. The growth is low; they still have quite a lot of inflation; there's still a war in Ukraine; and every country is investing more in defense," CEO Stéphane Bancel told Yahoo Finance Thursday.), which could satisfy the demand for COVID vaccines and leave Moderna out in the cold.
The company's only chance of recovery is dependent on sales of the new RSV vaccine, which was approved this year and will deploy in the fall for older adults. Moderna is facing fierce competition from GSK is proud to mark Tree Check Month this August. This annual campaign urges Canadians to thoroughly inspect trees and plants in their backyards, gardens, parks, and vehicles for invasive pests.
Russia released four detained Americans, including Wall Street Journal reporter Evan Gershkovich, in a prisoner swap deal on August 1.Video filmed and released by the Russian-military-affiliated news outlet Zvezda shows Gershkovich, fellow American Paul Whelan, and American green-card holder Vladimir Kara-Murza boarding a plane in Moscow on Thursday. German citizen Patrick Schobel, who was detained on cannabis charges, was also seen in the footage.
COVID Moderna CEO Stéphane Bancel Quarter Earnings Report Vaccine Orders Stéphane Bancel
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