Significant Stock Movements: Moderna and Rivian Rise, Apellis and Adobe Fall
Moderna's potential cancer vaccine and AT&T's deal with Rivian boost shares, while Apellis faces regulatory hurdles and Adobe's profit forecast disappoints investors.
- Moderna Inc. shares rose after the company gave an encouraging update on a potential cancer vaccine being developed with Merck.
- Rivian Automotive Inc. shares increased as AT&T announced it will buy vehicles for its fleet from the electric vehicle maker.
- Apellis Pharmaceuticals Inc. shares fell after the company warned investors about the potential for a negative opinion on an eye condition drug from European regulators.
- Adobe Inc. shares dropped as the software company's profit forecast for its current fiscal year disappointed investors.
- Shares of Glaukos Corp., Jabil Inc., Hess Corp., and Newmont Corp. also saw significant changes due to various factors.
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