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Moderna raises 2026 outlook as CEO says newer vaccines are gaining traction
Moderna on Friday smashed third-quarter revenue and earnings estimates and hiked its outlook for full-year sales growth, as some of its newer products gain momentum. The biotech company now expects 2026 revenue growth of 15% to 25%, up from its previous guidance of up to 10%. "The new product and the diversification of geography is what has led to such a strong Q3," Moderna CEO Stéphane Bancel said in an interview ahead of the results.
Belgian king refuses Bart De Wever’s resignation
Belgium’s King Philippe refused Prime Minister Bart De Wever’s resignation Friday, asking him to “resume budget talks immediately” after they broke down earlier this week. “The King has decided to decline the Prime Minister’s resignation and has asked him to resume the budget negotiations immediately,” Belgium’s royal palace said in an official statement Friday. De Wever offered his resignation to the king earlier this week after weekslong budget talks hit a deadlock.
Bank of England pours cold water on AI productivity boom
Despite the billions being thrown at artificial intelligence, the technology has delivered little in the way of productivity gains for UK businesses, according to the Bank of England. In its latest Monetary Policy Report, the central bank found that AI has increased UK productivity by an estimated 0.5 percent over the past three years. That works out to just 0.1 to 0.2 percentage points of additional annual productivity growth since early 2024, hardly the economic revolution Silicon Valley...
AI’s Grip on Financial Markets Was Never Clearer on the Way Down
How AI Concentration Risk Sent the Stock Market Tumbling AI investments are so pervasive that market routs are nearly everyone’s loss This article is for subscribers only. Welcome to Bloomberg’s AI Today newsletter. Every weekday we’ll break down artificial intelligence’s threats and opportunities for businesses, workers, finance and economies.