Monday saw a thousand point decline on the Dow.
But, it’s looking as if futures are bouncing back ever so slightly.
So, ahead of the opening bell, here are the stories you need to know.
We’re going to go over the coronavirus, Moderna and Expedia.
First up is the coronavirus. There are now 80,000 confirmed cases, with over 2,700 deaths.
Outside of China, there are 1,200 cases, with around 20 deaths.
Moderna (MRNA ) - Get Moderna Inc. Reportshares were up over 17% after the company shipped vials of a potential vaccine for the coronavirus to the National Institute of Allergy and Infectious Diseases in Maryland for testing.
It’s expected that NIAID will launch the first human tests in April.
The company announced late Monday that it plans to cut 3,000 employees.
This is roughly 12% of its workforce.
In a memo to employees, the company said that it plans to reduce and eliminate certain teams, projects, and roles to streamline and focus on its organization.
Around 500 of the job cuts will come from Expedia’s Seattle headquarters.
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