Nothing is over until Wall Street says it’s over
And guess what: shares of Moderna and BioNTech are cratering
The hedge funds have finally realized there will be no fourth shot. And that mRNA technology, erm, still has a few issues to work out. (1 billion people aren’t gonna love hearing that, but too late now. Mistakes were made, stuff happens, amirite?)
Moderna and BioNTech are down 8-10% today, 60% since August. Oh, how I wish I could have shorted them.
Moderna:
BioNTech:
I've been waiting for this day for over a year. Alex is right, in our crazy world, true admission of vaccine failure happens when the pharma company stocks go down. I hope this is the beginning of the end - not just for the vaccines but for the pharma companies themselves that have proven to be an existential threat to humanity.
yeah, not having the federal government be able to mandate a shot every three months kind of hurts their business model.