There are many factors for the drop:

1. People believe Moderna vaccines might not be effective against Omni (well that first patient in SF proved that wrong)

2. They think Moderna is going to take too long to make vaccines (Moderna already said March)

3. ABUS (well not a sure win for ABUS just yet- not until more court cases)

4. The fear of Omni (opposite view below)

5. The thinking that Omni is harmless (we will find out - we know that it spreads fast)

6. Congress not agreeing to extend debt ceiling so we might have government shutdown on Friday

7. Fear of inflation and that the FED will stop buying bonds and start raising interest rate

Too many things$Moderna, Inc.(MRNA)$ $Arbutus Biopharma(ABUS)$