Stocks Rise as Tech Gains Ground Amid Easing AI Fears

Moderna Stocks Rises After FDA Reverses Course on New Flu Vaccine Review

FROM 12 minutes ago

Moderna (MRNA) stock rose 6% on Wednesday after the company said the Food and Drug Administration agreed to review its application for a new flu shot that regulators had previously refused to consider. 

Moderna on Wednesday said that, after meeting with the FDA, it had submitted an amended application for its new mRNA influenza vaccine. Federal drug regulators last week surprised investors when they refused to review Moderna’s application. Moderna is seeking full approval for adults 50 to 64, and accelerated approval for adults over 65. The review is expected to be complete by Aug. 5. 

“We appreciate the FDA’s engagement in a constructive Type A meeting and its agreement to advance our application for review,” said CEO Stéphane Bancel in a press release. 

With Wednesday’s gains, Moderna shares have risen nearly 60% since the start of the year. The stock got a boost last month after the release of encouraging data from a cancer clinical trial. 

In Buffett’s Last Quarter as CEO, Berkshire Slashed Amazon Stake and Sold More Apple

FROM 1 hr 2 min ago

Berkshire Hathaway (BRK.A)(BRK.B), the conglomerate formerly led by famed investor Warren Buffett, reduced its holdings in tech giants Apple (AAPL) and Amazon (AMZN) in the final quarter of 2025, according to a regulatory filing released Tuesday. 

Berkshire sold about 10.3 million shares of Apple, about 4% of the firm’s stake in the iPhone maker. Berkshire has been steadily trimming its stake in Apple—its largest position—since late 2023, though the pace of its sales has slowed. Berkshire’s stake, once worth about $175 billion, totaled about $60 billion as of Tuesday’s close. Shares were down about 0.3% in early trading Wednesday.

Berkshire made a bigger cut to its Amazon holdings, selling 7.7 million shares, or more than 75% of its stake in the e-commerce giant. The holdings, worth about $2.1 billion at the end of the third quarter, were valued at about $457 million as of Tuesday. Amazon stock rose 1.5% Wednesday morning.

Tuesday’s filing is the last Berkshire portfolio update overlapping with Warren Buffett’s tenure as chief executive. Buffett, who took over Berkshire in 1965 and built it into an insurance and investment behemoth worth more than $1 trillion, officially handed the reins over to current CEO Greg Abel when he retired at the end of last year.

Apple stock rose nearly 7% in the fourth quarter. Apple, unlike Big Tech peers such as Meta (META) and Alphabet (GOOG), is not spending hand over fist on AI infrastructure, and that became a tailwind for the stock when the AI rally wavered last quarter. Amazon shares rose 5% in the same period.

Futures Point To Higher Open as Tech Stocks Find Footing

FROM 1 hr 55 min ago

Futures contracts connected to the Dow Jones Industrial Average were up 0.3% in premarket trading on Wednesday.

S&P 500 futures rose 0.4%.

Nasdaq 100 contracts gained 0.5%.