Moderna Stock Plunges After Resignation of FDA Vaccine Official

From Yahoo Finance: 2025-03-31 16:40:00

The S&P 500 rose 0.6% on Monday as investors anticipate reciprocal tariffs. Moderna and other vaccine makers saw a drop after the FDA’s vaccine chief resigned. Discover Financial shares surged 7.5% on news of CEO staying and merger progress. Live Nation Entertainment and AIG stocks also saw gains.

Lululemon Athletica shares fell 3.4% despite beating sales estimates. Charles River Laboratories dropped 3.2% after a downgrade by Goldman Sachs. Live Nation Entertainment agreed to a $20 million settlement in a lawsuit. AIG shares rose 4.0% after announcing a $7.5 billion stock repurchase plan.

Read more: Moderna Stock Plunges After Resignation of FDA Vaccine Official