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S&P 500 Gains and Losses Today: Moderna Stock Plunges After Resignation of FDA Vaccine Official

1. Moderna shares fell 8.9% amid FDA vaccine chief's resignation announcement. 2. Peter Marks' departure may affect ongoing COVID-19 vaccine developments. 3. Other vaccine manufacturers also reported losses following the news. 4. Market indices were mixed with a general focus on U.S. trade policies. 5. Investors are cautious ahead of potential reciprocal tariffs.

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FAQ

Why Bearish?

The resignation of the FDA vaccine chief directly impacts investor confidence in Moderna and its product pipeline, akin to historical declines following significant regulatory shifts in biotech.

How important is it?

The article discusses significant leadership changes in the FDA, directly affecting Moderna’s vaccine strategies and market performance.

Why Short Term?

The immediate market reaction is negative due to uncertainty around leadership that oversees vaccine approvals, but may stabilize as new leadership is appointed.

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