From: Forbes | CEO - Monday Mar 29, 2021 04:01 pm
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Spring has returned to the Northeast. The sun is shining, flowers are blooming, bees are buzzing. And the market is buzzing, too: On Friday the S&P 500 index hit an all-time high and hovers just below 4,000. Not everything is rising, though. The tech-heavy Nasdaq is down nearly 10% from its February highs. Some experts think its plunge has just begun. And a major stock sale by mysterious fund Archegos Capital Management could spell major losses for two investment banks and has spooked some corners of the market. We’ll surely be hearing more about that story soon. Meanwhile, the U.S. vaccination program continues to pick up steam—thanks to cutting-edge biotechs like Moderna—and has companies and investors looking forward to a roaring summer as society returns to something bordering on normal. Spring is certainly in the air, and it couldn’t have come soon enough. 

Steven Bertoni

Steven Bertoni

Senior Editor and Vice President, CEO Network

Must Reads

Social media bosses take the hot seat. The January 6 attack on the U.S. Capitol has sparked a heated debate about the powers and protections of social media. This week top tech CEOs including Mark Zuckerberg, Jack Dorsey and Sundar Pichai will testify in Washington, D.C., and weigh in on the debate. Abe Brown breaks down the scene, and what’s at stake. 

Breaking up the SPAC boys’ club: SPACs and software tend to be dominated by men. Phyllis Newhouse and Isabelle Freidheim have jumped into the market with Athena, their $250 million blank-check tech fund. Maggie McGrath has the fascinating story of how the pair formed the company and their big tech plans. 

The mysterious firm behind a $30 billion firesale.
Little is known about Archegos Capital Management, the firm that rocked Wall Street after dumping billions of dollars’ worth of ViacomCBS, Discovery Communications and Baidu shares on the market. Antoine Gara dives deep into the firm and its secretive billionaire CEO, Sung Kook (Bill) Hwang.

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CEO Profile

What’s Next For Moderna Post-Covid-19: CEO Stéphane Bancel Details His mRNA Pipeline
 
 
 
What’s Next For Moderna Post-Covid-19: CEO Stéphane Bancel Details His mRNA Pipeline

Moderna, which developed a powerful Covid-19 vaccine in less than a year, is one of the biggest heroes of the pandemic. CEO Stéphane Bancel say’s company is just getting going. “In 2021 and 2022 Moderna is going to scale at a pace that has never happened before in biotech,” Bancel says. From new vaccines for infectious disease to new cancer treatments and cures for genetic disorders like cystic fibrosis, Leah Rosenbaum reports on what Bancel says is on deck.

Read The Full Story →

Data Point

-8%

The drop in the tech-heavy Nasdaq Index since its February 12 highs. While the markets continue to climb, the once-hot tech sector is sputtering. Some experts are looking for a correction. Here’s why

Check List

Are young employees at elite firms like Goldman Sachs working too much? The topic is being hotly debated in business pages and across Twitter. Jack Kelly reports on the current banking environment, the heated debate about finance culture and what some CEOs are doing about it. 

This Wednesday, President Joe Biden will release details about his much-anticipated Build Back Better package—an infrastructure stimulus program that will have massive effects on nearly every industry in America. Jonathan Ponciano has the latest preview of the White House’s big plan. 

Major League Baseball throws out its first pitch of the 2021 season on April 1. To celebrate, Mike Ozanian has the MLB standings of the the most valuable teams in the league

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