Reuters
02 Oct 2026, 00:12 UTC · 2w ago
Moderna to replace Warner Bros Discovery on Nasdaq 100
Impact · against what's priced in
The index swap is a marginal catalyst for Moderna and a potential headwind for Warner Bros. Discovery. Moderna's price already reflects a significant platform premium and bullish oncology sentiment, making index inclusion a secondary technical gain; WBD faces fundamental selling pressure from index funds.
- MRNA+0.10
Not in the price yet
- In context
Nasdaq 100 inclusion is a technical catalyst for institutional demand that is separate from the oncology platform and respiratory franchise results currently driving the $136.62 price.
What MRNA's price assumes · Sep 11

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