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As the FDA evaluates the option of introducing COVID-19 booster shots, Moderna is continuing its upward trend, with a 17% gain yesterday, its biggest one-day gain since November 2020. In late November, Moderna shares climbed in reaction to the company’s announcement of filing for the Emergency Use Authorization (EUA) for the COVID-19 vaccine in the U.S.  In a year-and-a-half, Moderna has gone from relative obscurity to a $195bn company.

 

The US Senate is set to pass a $1tn package to invest in America’s crumbling infrastructure.  The bill focuses on so-called hard infrastructure, including $110bn for roads, bridges and other major building projects, along with $66bn in passenger and freight rail and $39bn in other forms of public transport.

 

Available jobs in the U.S. rose to another record high at the end of June, pushing openings above the number of unemployed Americans seeking work, a sign of an unusually tight labor market.  Unfilled job openings rose by 590,000 to a seasonally adjusted 10.1 million in June, the highest level since record-keeping began in 2000.  The number of job openings in June exceeded the 9.5 million people who were unemployed that same month.

 

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