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On today’s Big Take podcast, behind the bond market selloff and the US government’s intervention.
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Shares of Moderna and Merck soared on Wednesday morning after a study showed that a vaccine they produced had promising results when it comes to fighting skin cancer. A late-stage trial showed that the mRNA vaccine helped reduce the recurrence of melanoma. Sam Fazeli of Bloomberg Intelligence has more.
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“Even if the Supreme Court sides in favor of the states, I don’t think it’s going to be prediction markets are gone. There’s going to be some line drawn, and then we’ll obviously have to adapt for that,” says Robinhood CEO Vlad Tenev.

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Steven Major, global macro advisor at Tradition Dubai, says some bonds may be getting “twitchy” further out on the curve. He says the US Treasury is not doing any favors for the taxpayer “by issuing long bonds north
north of 5% yield.” He speaks on “Bloomberg Surveillance.”
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