Happy Wednesday. Shares of Moderna soared as much as 100% before the bell after the experimental personalized cancer vaccine it developed with Merck showed positive results in its first late-stage trial:
Here are five key things investors need to know to start the trading day:
1. Trash or treasure
Bond yields continued spiking around the globe yesterday, putting investors on edge:
- Higher yields have already pushed up mortgage rates:
- Investors are also warning that elevated capital costs could lead to more scrutiny over spending on the AI data center buildout:
2. New target
Target said this morning that the refunds gave its net earnings a $752 million boost in the second quarter:
3. Like a good neighbor
President Donald Trump said late last night that he would pause his plan for 50% tariffs on certain Canadian goods:
4. Pop the hood
As new vehicle sales show signs of softening, car dealerships are putting more focus on their parts and services businesses:
5. Now playing
American Airlines is planning to add seatback screens to most of its narrow-body fleet starting in 2028:
