Moderna’s Stock Soars and Will CoreWeave’s AI Bet Work?
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What is the main topic discussed in this episode?
Investing is simple,
but don't confuse that with thinking it's easy. A stock is not just a ticker. At the end of the day you have to remember that it's a business.
Just my reminder to people who own cyclicals. Don't be surprised when there's a cycle.
If there's uncertainty in the markets, there's going to be some great opportunities for investors.
This has to be one of the biggest quarters I've seen from this company in quite some time.
Welcome back to the Canadian Investor Podcast. I'm Simon Belange and I'm back with Dan Kent. We have a fun episode today. So a lot of stuff that came out, even though earnings season is starting to slow down a little bit. So we had news and a massive move from uh Moderna. We'll go over that this morning. So fresh off the press. We'll go over Canadian Tire, the recent earnings, Home Depot. I'll also mention a little bit about low. Lowe's because obviously Home Depot and Lowe's, it's kind of a yin yang. They're pretty pretty close to one another, and we're still seeing some pretty similar things from boat here. You'll talk about consolation software that had their really, I think, pretty good quarter, what a week and a half or so ago.
And then we'll finish off with Air Canada, Core Weave, and Klarna, assuming we have time, but we should have for uh for a full episode here. So a fun one. And for those wondering if we'll talk about CPI because it came out, we will talk about that on the macro show, Dan Fosch and I, and quite a few other things. So that's why we don't have it today on the news and earnings.
Yeah, the uh the Moderna move I had to refresh my page like three times. I'm like, there's no way this company is up a hundred percent pre market. But yeah, it did go up that much. If you look to it from COVID highs, it's pretty wild because it's still down like I think seventy plus percent from COVID highs, but yeah, sixty three percent looks to be. But yeah, a hundred and twenty two percent today. Do you want to get into uh yeah, let's do it with Moderna. Yeah, let's do it with
Moderna. Exactly what happened. So it's up as we're recording this on around noon on August thirteenth, Eastern time. It's up 122%. And like you said, Moderna is still reeling from the aftermath of COVID. The stock had reached a price, I think around $455. It's trading around 148 right now. So Definitely has come down quite a bit since COVID. So five years. Yeah, we're down 60% in the last five years. So the news came out this morning that Moderna's personalized mRNA cancer therapy, which was developed with Merck, so the big pharmaceutical company reduced the risk of melanoma recurrence and spread in late-stage trial or phase three when combined with the drug. drug key truda and I may be butchering a little bit here.
I'm not the most well versed on biotech, but I did actually learn quite a bit. But I It took me like a good 45 minutes just to understand all of these things. And melanoma, it's a type of cancer I had heard of, but to be honest, I didn't really fully understand what it was. So apparently it's the deadliest form of cancer and can or one of Deadliest and can spread easily to other parts of the body. So it's a type of skin cancer. Keytruda is the one of the world's top immunotherapy cancer drugs made by MERC. And the combined treatment is called instismeran and has met both its goal of significantly reducing cancer recurrence, but also keeping the tumor from spreading to other parts of the body. So those two things are very key and it was much more effective than the use of keytruda on its own.
So they did not mention the reduction in percentage wise, but phase two results were 49% reduction of recurrence of or death and fifty-nine percent in distant methys methastasis or death. Metastasis, I think. Metastasis, I think. Metastasis. There you go. No, so uh So um thank you for the pronunciation right there. Appreciate it. But the treatment still requires regulatory approval, which could take some time, but late stage trials results were exceptionally good. So good that Moderna stocks almost well, it's more than double at this point.
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