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Moderna’s stock gains as it announces authorization for its COVID-19 shot in India

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Shares of Moderna Inc. gained 6.3% in trading on Tuesday after the company said its COVID-19 vaccine has been authorized for adults in India. Moderna’s shot has already been authorized in more than 50 countries, including the U.S. Moderna’s stock is up 118.5% this year, while the broader S&P 500 has gained 14.2%.

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