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Squawk on the Street

Moderna Cuts Vaccine Outlook, Qualcomm Shares Surge, Kyndryl Begins Trading

Carl Quintanilla, Jim Cramer and David Faber began the show with a look at Moderna shares sliding, after cutting its Covid-19 vaccine sales forecast. The company is now expecting to deliver between 700-800 million does this year, down from previous expectations of between 800 million and 1 billion doses. The anchors also interviewed Qualcomm CEO, Cristiano Amon, a day after the company reported a strong earnings beat. Qualcomm’s chip sales for smartphones were up 56% year over year. Also in the mix: IBM spinoff Kyndryl began trading at the NYSE under ticker “KD.” CEO Martin Schroeter joined the crew ahead of the newly public company’s first trade.

Broadcast on:
04 Nov 2021