Moderna IncModerna shares more than doubled after positive results for its skin cancer vaccine.
The US Treasury surprised markets by announcing it would at least double sovereign bond buybacks to push down 30-year yields, sending stocks higher and the dollar sharply lower. Wall Street indices jumped on the news before giving up some gains, while European stocks closed broadly lower after tech-led selling in Asia. Oil prices continued to rise as President Trump said he would not extend a 60-day truce with Iran, dimming hopes for reopening the Strait of Hormuz. UK inflation jumped to 2.9 percent in July, and South Korea's Kospi tumbled 5.8 percent. Moderna shares more than doubled after positive results for a skin cancer vaccine developed with Merck.
Moderna IncModerna shares more than doubled after positive results for its skin cancer vaccine.
Merck & Company IncPositive results for skin cancer vaccine developed with Merck boost its prospects.
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