business

J. Edward Moreno1/21/25

Moderna rallies on $590 million bird flu vax grant

Moderna shot up about 7% on Tuesday morning after outgoing Health and Human Services Secretary Xavier Becerra announced a $590 million grant to the company to develop a bird flu vaccine.

While bird flu used to be more of a concern for agriculture, human cases are on the rise. As of January 6, there have been 66 confirmed human cases of bird flu and at least one death, according to HHS.

Moderna, which was previously awarded funds from HHS to develop a Covid vaccine, has struggled to keep up its pandemic-era revenue levels.

Notably, Moderna is enjoying a vaccine-related bump on the first trading day of President Donald Trump’s second term. Trump has nominated Robert F. Kennedy, a staunch vaccine skeptic who is hostile to the pharmaceutical industry, to be the next head of HHS.

HHS Provides $590 Million to Accelerate Pandemic Influenza mRNA-based Vaccine Development, Enhance Platform Capability for Other Emerging Infectious Disease

Moderna, which was previously awarded funds from HHS to develop a Covid vaccine, has struggled to keep up its pandemic-era revenue levels.

Notably, Moderna is enjoying a vaccine-related bump on the first trading day of President Donald Trump’s second term. Trump has nominated Robert F. Kennedy, a staunch vaccine skeptic who is hostile to the pharmaceutical industry, to be the next head of HHS.

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David Crowther, Claire Yubin Oh

Warren Buffett’s big cash pile just hit $382 billion — what could Berkshire buy?

Berkshire Hathaway is throwing off more money than ever before — but Buffett and co. are staying patient.

CEO Warren Buffett Attending Baseball Game

3d sketch poster trend collage image of healthy salad leaves nutrition rotten iceberg mouth smile lips food diet hand hold fork

The slop bowl recession just sent Chipotle’s stock cratering

Chipotle dropped 18% yesterday, and its woes weighed on the wider slop bowl complex, dragging Cava and Sweetgreen down, too.

Claire Yubin Oh10/31/25

J. Edward Moreno

Most health insurers beat estimates in Q3, but investors have mixed feelings

While generally in line with expectations, medical costs still haven’t come down.

Various Pills on Checkerboard

business

Millie Giles10/30/25

eBay stock slumps on gloomy Q4 outlook despite solid Q3 earnings

Shares of eBay fell as much as 10.5% in premarket trading on Thursday morning after the company gave a lower-than-expected profit forecast for the important holiday shopping season.

The e-commerce giant reported solid numbers for the third quarter on Wednesday, with revenue up 9% as reported to $2.8 billion and gross merchandise volume rising 10% to $20.1 billion, topping the average analyst forecast of $19.4 billion, per Bloomberg.

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

EBay Falls After Giving Weak Profit Outlook for Holiday Period

eBay Bloomberg 10/30

However, concerns about the future somewhat overshadowed these results.

eBay outlined its profit outlook for the period ending in December to $1.31 to $1.36 a share, with revenue at $2.83 billion to $2.89 billion. According to Bloomberg-compiled data, this broadly matches Wall Street’s estimates for the top line, but misses on the bottom line, with analysts forecasting EPS to come in at $1.39 — suggesting the company expects some further margin pressure.

The company has been facing macroeconomic challenges since the US ended the de minimis tariff exemption in late August, with the online marketplace reliant on shipments. One small silver lining? CFO Peggy Alford highlighted a “less durable trend” on a post-earnings call: that as commodity prices for precious metals boomed, demand for bullion and collectible coins on eBay spiked.

A screenshot from Hims & Hers' website. (Sherwood News)

Hims to begin selling GLP-1 microdosing treatments

The company reports earnings results next Monday.

J. Edward Moreno10/29/25

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