Moderna Stock Takes Off on Cancer Vaccine News

After Merck announced that it was exercising an option to collaborate with the manufacturer of Covid-19 vaccine on a tailored cancer vaccine, Moderna shares surged.

For the combined development and potential commercialization of the vaccine, which is presently undergoing Phase 2 clinical trials.

Due to the European energy crisis, which increased costs, destroyed demand, and kept working equipment idle for longer than was practicable.

The chemical giant Dow DOW -2.70% reported profits that were in line with Wall Street projections but much below those of prior quarters.

A third-quarter operating profit of $1.2 billion and profits per share of $1.11 on $14.1 billion in sales were released by Dow (ticker: DOW) on Thursday morning.

In the most recent indication that traditional finance is warming to cryptocurrencies as institutional investors want services for digital assets.

Bloomberg has published a suite of cryptocurrency data on its Terminal platform, which is commonly used by professional traders.

On Thursday, the financial information company started providing crypto price data for 50 digital assets on the Bloomberg terminal and Bloomberg Market Data Feed, or B-PIPE.