Maker of Covid-19 shots has slumped since pandemic as people turn against vaccines
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Moderna is most shorted stock in S&P 500 as Americans skip jabs
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Ocado’s share price is back where it started. Are its robots just too fancy?
Delivery company struggling to convince US chain Kroger, its most important customer, of the virtues of automation That’s quite a stock market journey: from 180p at listing 15 years ago to the mighty heights of £29 during the locked-down Covid year of 2020 and now – oh dear – all the way back down to 180p. Welcome to Ocado, which looked like the future of grocery retailing once upon a time but now seems to be struggling to convince its most important customer of the virtues of robots and automation. There is no positive gloss to put on news…
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King Leung King-chung was just like many other Hongkongers used to a comfortable life with plenty of entertainment options and different cuisines close at hand – moving to the Arabian Desert to set up a business was the furthest thing from his mind. Leung, a finance graduate from the University of Hong Kong, had started his own tech start-up that included coding for websites during his second year of study. He then became one of the youngest start-up founders among his batch to join an… Source link