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Moderna wipes out pandemic gains on grim 2025 sales forecast

The company has struggled to keep up with high expectations after receiving a flush of government funding for COVID-19 vaccines in 2020.

J. Edward Moreno

1/13/25 8:22AM

It’s official: Moderna stock is trading like the pandemic never happened.

Shares plunged in premarket trading Monday, wiping out all their pandemic-era gains after the company laid out grim sales expectations for this year.

Moderna said Monday morning that it expects to post between $1.5 billion and $2.5 billion of revenue in 2025. Analysts had been forecasting nearly $3 billion. Both numbers are tiny compared to what it was making in 2021 ($18.4 billion) and 2022 ($19.2 billion) selling COVID-19 vaccines.

The Rise and Fall of Moderna — (Sherwood News)

Moderna’s stock tanked premarket, down more than 15% to hit about $35 a share — a level it hasn’t been at since April 2020, when COVID-19 vaccines were a hope rather than a reality.

Moderna and Pfizer were given government contracts to quickly produce a COVID-19 vaccine in 2020. Both companies’ share prices shot up, but they haven’t been able to sustain the same impressive financials from 2021 and 2022 since then.

Netflix and Disney+ probably only added ad-tier subscribers this year, says Morgan Stanley

As streaming prices climb, ad-free subscribers are becoming a rarity.

Max Knoblauch12/18/25

BLOOD

MONEY

J. Edward Moreno12/17/25

Discount stores are having a moment in America, drawing high- and low-income consumers alike

Everyone loves a deal in 2025 — and Aldi, Walmart, and Dollar Tree are all cashing in.

Millie Giles12/17/25

Max Knoblauch12/16/25

Report: OpenAI won’t pay a dime in cash for its 3-year licensing deal for Disney IP

More financial details behind the landmark deal that will grant OpenAI three years of access to Disney intellectual property are coming out, and they’re pretty surprising.

The deal will reportedly see OpenAI pay zero dollars in licensing fees, instead compensating Disney in stock warrants. It was previously reported that Disney would invest $1 billion into OpenAI as part of the agreement.

It’s very abnormal for Disney to grant anyone access to its massive IP library without a cash payment, and the entertainment juggernaut has been known to strike down even crocheted Etsy Yodas for infringing on its turf. In its fiscal year 2025, Disney booked more than $10 billion in revenue from licensing fees across merchandising, television, and theatrical distribution.

OpenAI Deal to License Disney Characters Is Entirely in Stock

Max Knoblauch12/15/25

Ford says it will take $19.5 billion in charges in a massive EV write-down

The EV business has marked a long stretch of losing for Ford, and today the automaker announced it will take $19.5 billion in charges tied, for the most part, to its EV division.

Ford said it’s launching a battery energy storage business, leveraging battery plants in Kentucky and Michigan to “provide solutions for energy infrastructure and growing data center demand.”

According to Ford, the changes will drive Ford’s electrified division to profitability by 2029. The company will stop making its electric F-150, the Lightning, and instead shift to an “extended-range electric vehicle” that includes a gas-powered generator.

The Detroit automaker also raised its adjusted earnings before interest and taxes outlook to “about $7 billion” from a range of $6 billion to $6.5 billion.

Ford’s write-down is one of the largest taken by a company as legacy automakers scale back on EVs, giving EV-only automakers a market share boost.