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JP Morgan downgrades Moderna’s rating due to valuation problems

JP Morgan analysts downgraded the shares of Moderna Inc. MRNA, + 15.93% Neutral because of overweight by concerns about the valuation of the preclinical company, which has never produced an approved product. Moderna is developing a candidate for the COVID-19 vaccine that is widely considered to be one of the …

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UAE spacecraft takes off for mission to Mars

TOKYO – A United Arab Emirates spacecraft began its journey to Mars with a takeoff in Japan on Monday in what is the first interplanetary mission in the Arab world. The launch of the spacecraft called Amal, or Hope, marks the beginning of the seven-month journey to the red planet. …

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