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For Moderna, cancer vaccine results ease investor skepticism on its future as stock soars

Moderna has been saying for years that it would diversify its portfolio beyond infectious diseases. Investors were waiting for late-stage proof. On Wednesday, they got it. Moderna's shares soared to multiyear highs after disclosing

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Copper Backwardation Collapses After 20,000 Tons Hit LME Warehouses

Trafigura Group and several other traders delivered more than 20,000 tons of copper into LME warehouses on Tuesday, the biggest one-day build in on-warrant stock since April, and the squeeze that had…

  • 20,000 tons of copper delivered to LME warehouses on Tuesday
  • Copper prices settle at $248-a-ton backwardation, down from $545

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