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Moderna soars after STAT reports “a buyout or a large partnership” are on the table

Moderna rose nearly 15% on Thursday after STAT reported that the company has flirted with the idea of tying up with a larger drugmaker.

The Covid vaccine maker has talked to at least one large drugmaker on a deal of significant scope that could be either a buyout or a large partnership, a source told STAT.

The company is perhaps best known for being tapped by the US government to quickly develop a vaccine for COVID-19 in 2020, which remains its single source of revenue. But the company has yet to add new products to its portfolio and is faced with a second Trump administration hostile to its sole product, and investors are growing impatient.

The company is perhaps best known for being tapped by the US government to quickly develop a vaccine for COVID-19 in 2020, which remains its single source of revenue. But the company has yet to add new products to its portfolio and is faced with a second Trump administration hostile to its sole product, and investors are growing impatient.

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SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

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