Moderna Stock Dives As Biden Considers Waiving Covid Vaccine Patents

Moderna stock crashed late Wednesday on reports President Joe Biden will support waiving the patent rights covering Covid vaccines. Other vaccine makers saw their stocks fall on the news.

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  US talk of waiving vaccine patents is merely symbolic: Experts

  Yahoo Finance
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  Explainer: COVID-19 vaccine patents dominate global trade talks

  Reuters

Bezos Sells $2.5 Billion of Amazon and Signals More Coming

(Bloomberg) -- Jeff Bezos sold about $2.5 billion of Amazon.com Inc. stock, his first big disposal this year after offloading more than $10 billion worth of shares in 2020.Bezos sold around 739,000 shares this week under a pre-arranged trading plan, according to U.S. Securities and Exchange Commission filings. He plans to sell as many as 2 million shares, according to a separate filing.The world’s richest person continues to hold more than 10% of Amazon.com, the primary source of his $191.3 billion fortune, according to the Bloomberg Billionaires Index. In the 15 years after Amazon.com went public in 1997, Bezos sold about a fifth of the online retailer for roughly $2 billion. The value of his stake has ballooned in recent years to such an extent that he can now sell relatively small amounts for billions of dollars.Amazon stock is little changed this year after rallying 76% in 2020 as the Covid-19 pandemic kept people away from physical stores and encouraged online shopping.The Amazon founder has used stock sales to fund rocket company Blue Origin, while he’s committed $10 billion to the “Bezos Earth Fund” to help counter the effects of climate change.The rocket maker said Wednesday it has set July 20 for its first mission carrying people to space and plans to auction off one seat on its New Shepard rocket.Bezos would be far richer if it weren’t for his divorce from MacKenzie Scott. She received a 4% stake in Amazon as part of the split and quickly became one of the world’s most important philanthropists.(Updates with Blue Origin plans in seventh paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Why trouble may loom for stock market if Cathie Wood’s ARK Innovation ETF fails to bounce

Cathie Wood's ARK Innovation exchange-traded fund is significantly oversold and due for a bounce, but if it doesn't come the popular fund risks suffering a “waterfall” decline, says one chart watcher.

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  ARK Innovation's performance under pressure as tech stocks swoon

  Reuters
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  ARK Invest Stocks To Buy And Watch: 6 Stocks That Cathie Wood's ARK ETFs Own; Tesla Slides

  Investor's Business Daily

Warren Buffett just sounded the alarm on inflation — here are 8 ways to be ready

Prices are on the rise, but there are ways you can lessen the impact on your wallet.