When you murder your most loyal customers, they stop coming back...
Moderna cuts R&D budget by $1.1B, Charles River lays off 3% staff.
According to Endpoint News, Moderna is in financial trouble. They are not even “break-even”, i.e. not generating positive cash flow from operations! This is after Trump’s Operation Warp Speed showered $10B+ on them in a span of about 18 months. Where did all this money go? Swiss vaults? Secret underground bases in Antarctica where Bancel is planning …
Keep reading with a 7-day free trial
Subscribe to Due Diligence and Art to keep reading this post and get 7 days of free access to the full post archives.