The Biden administration has started reviewing a $590 million contract with Moderna Inc. to develop bird flu shots. This move is part of a government effort to assess spending on mRNA vaccines, the technology used in Moderna’s successful Covid-19 vaccine. The contract was awarded during the Biden administration’s final days, leading to an 13% surge in Moderna’s stock price after the announcement on January 17.
Source: https://www.bloomberg.com/news/articles/2025-02-26/trump-team-weighs-pulling-funding-for-moderna-bird-flu-vaccine