Moderns stock crash blamed on ineffectiveness against Omicron variant

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There was speculation about stocks on vaccines dropping due to the rumored potential of vaccines being recalled and Insider trading in another thread. Some people thought that leaks about this possibly happening caused the plummet but this article says it’s due to Moderna’s booster’s ineffectiveness against the Omicron variant. The only problem is that, beyond the injuries and death they’ve caused, they’ve been ineffective against EVERY variant even though this article states they have been effective against previous strains.

“Moderna stock fell 4.4% Friday to an eight-month low of $160, pushing shares down more than 20% over the past week amid growing research suggesting Moderna’s Covid-19 booster, while very effective against previous strains, has been less effective against the rapidly spreading omicron variant.”

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