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Losses to $130 Billion after scientists find Covid boosters aren’t halting omicron infections

Moderna is going under and there’s enough evidence to prove it! Battered by a steep broad-market selloff this past week.

Moderna shares fell for a sixth straight day Friday as experts questioned whether Covid-19 vaccine sales alone will help justify the firm’s meteoric valuation, intensifying a crash that’s wiped out more than 60% of the value in one of last year’s top stocks and turned it into this year’s worst performer.

Shares of Moderna have plunged 67% from an all-time closing high of $484 on August 9, wiping out about $133 billion from the firm’s market capitalization, which now stands at roughly $65 billion.

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