Diamonds and Dogs

5/18/20

Moderna (MRNA) lifting the broader markets. Drug company, Moderna is up 22% following positive interim clinical data showing its vaccine candidate against novel coronavirus produced antibodies levels similar to patients who had recovered from Covid-19. Moderna's stock has quadrupled in the last three months.

End of an era. JC Penney's (JCP) is down 19% after filing for bankruptcy over the weekend. The department store still has roughly 850 locations and will look to close a large portion of their stores while selling off properties and other real estate. JC Penney's is an 118-year-old department store chain that operated more than 1,600 locations at one point while employing nearly 200,000 people.

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