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Moderna Snags $50 Million Ebola Vax Contract
Moderna is receiving up to $50 million to accelerate the development of an Ebola vaccine, as the virus continues to spread in the eastern Democratic Republic of Congo.
The funding is coming from global health organization CEPI, which told Reuters that it was possible to bring the vaccines to trial phase within a couple of months.
CEPI said it would also invest up to $8.6 million for a shot developed by the University of Oxford and manufactured by the Serum Institute of India, and an initial $3.2 million for a vaccine developed by the International AIDS Vaccine Initiative. -Reuters
"Every day counts in the race against this deadly disease," said Richard Hatchett, head of CEPI, adding that the vaccines are on "a not infinitely distant horizon."
That said, Hatchett also cautioned that vaccine development can be unpredictable, plus there's a 'challenging security situation' in eastern Congo that might make trials complex - which, includes (most recently) locals setting fire to an Ebola treatment center after they were stopped from retrieving the body of a dead man.
The crowd set fire to two tents fitted with eight beds run by a medical charity called The Alliance for International Medical Action (ALIMA), said Deputy Senior Commissioner Jean-Claude Mukendi, head of the public security department in Ituri Province.
Mukendi said the youths had not understood the protocols for burying a suspected Ebola victim.
“His family, friends, and other young people wanted to take his body home for a funeral even though the instructions from the authorities during this Ebola virus outbreak are clear,” Mukendi said. “All bodies must be buried according to the regulations.”
So far there have been 282 confirmed cases and 42 deaths in the recent outbreak, and around 1,100 suspected cases, according to the African CDC and the World Health Organization.
Beyond the DRC, nine cases have been confirmed in Uganda, including one death.
Two weeks to stop the uncontrollable anal bleeding and 50% chance of death?
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IBM Soars On Resurfaced Trump Clip, Barclays Buy Rating As MoMo Rally Accelerates
IBM shares jumped as much as 15% in premarket trading after Bloomberg described a recirculated video of President Trump stating that the stock is "going to go up a lot more."
The clip, reposted by Polymarket Money on Saturday evening, appears to have fueled another leg higher in what has already been an eye-popping, multi-week rally.
In the clip, dated December 10, Trump boasted that IBM CEO Arvind Krishna had "taken the stock from a rather low price to a very nice price."
"I won't say high because I'm sure you're going to say it's going to go up a lot more," Trump added.
Trump says $IBM is “going to go up a lot more.”pic.twitter.com/KgzV0qy19j
— Polymarket Money (@PolymarketMoney) May 31, 2026IBM logged the largest monthly gain in May since October 2002.
Another overnight catalyst was Barclays analyst Raimo Lenschow, who initiated coverage of IBM with an Overweight rating and a $350 price target.
Lenschow said that IBM has built a more stable growth engine around its defensive software portfolio, adding that the bull case goes well beyond quantum computing hype.
Earlier today, UBS analyst Robert Ruple provided clients with a few reasons for the recent bounce in software stocks:
Persistent AI enthusiasm has driven one of the strongest two months of performance on record for the S&P with Tech/S5INFT up 14.3% m/m, shrugging off the US/Iran stalemate and stubborn inflation. While semiconductor stocks remain the clear leaders with SOX up 81% in 2026, a key question emerging late week is what's driving the rebound in software, which was up 9.9% w/w, which appears to be extending into Monday morning, tied to comments from Nvidia CEO Jensen Huang pushing back on the "Saaspocalyse" concerns (Bloomberg).
Software flows on the desk were slightly better to buy late last week, albeit skewed towards those in the consumption bucket on limited supply but based on what the UBS prime brokerage desk has seen, most of the price action has leaned in favor of covering.
Clearly the solid beat/raise from Snowflake catalyzed the sector to an extent, but aside from a handful of disappointments, most of the results were largely inline to better than feared. That said, many of the recent software laggards have quietly outperformed of late, with presumably some level of rotational forces at play. Also, a couple of people Friday claimed there was heavy retail buying in software because social media caught on to President Trump's purchase of ServiceNow stock, which is bit odd because this was disclosed back on May 15. Additionally, part of the move in IBM on Monday is being attributed to a video of Trump praising the company's CEO (Bloomberg) and discussing the stock back in December that was recirculated via social media.
In a recent note, Citi analyst Fatima Boolani said that IBM's software and hardware remain deeply embedded "across the most critical points of the world's largest, most complex IT infrastructures."
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Nvidia CEO Declares AI PC Reinvention A "New Beginning" On Par With Smartphone Shift
Nvidia CEO Jensen Huang delivered the keynote address on Monday at GTC Taipei 2026, outlining the next evolution of AI compute.
Huang's presentation included updates on the Vera Rubin platform, a new lineup of Windows PCs developed with Microsoft for AI workflows, the launch of an enterprise agent toolkit, and next-generation AI infrastructure systems to accelerate data-center and agentic AI adoption.
A team of Goldman analysts, led by James Schneider, attended GTC Taipei 2026 and shared the top takeaways with clients.
Schneider had three key investment takeaways:
First, Nvidia (with Microsoft) is pursuing its traditional PC TAM more aggressively, which we believe could help drive some momentum for Windows on ARM (which has been extremely slow to date) given a concerted push with software partners.
Second, Nvidia continues to push its advantage in datacenter-level performance and cost leadership as a key differentiator relative to competitors - which we think should allow it to maintain competitive dominance at all but the largest hyperscalers.
Third, Nvidia is aggressively investing to drive the adoption of agentic AI across developers and ecosystem partners, and its Vera Rubin revenue ramp remains on track.
Here's more color on those takeaways:
Vera Rubin update: Nvidia announced that it is now ramping full production of its Vera Rubin platform, with multiple rack-scale systems (NVL72 GPUs, Vera CPUs, Groq 3 LPUs, BlueField storage, Spectrum-X networking) contributing to AI factory designs. The company highlighted that Vera GPUs are purpose-built for agentic AI use cases, with up to 1.8X the performance of X86 systems and 10X agent throughput vs. Blackwell. We expect a materially steeper revenue ramp for Rubin (beginning in 3Q) relative to Blackwell given meaningful manufacturing efficiencies and greater total capacity. In addition, the company highlighted its DSX AI Factory reference platform, which helps customers optimize their AI datacenters to bring operations up faster, while optimzing power consumption and system uptime.
New lineup of Windows PCs with Microsoft targeting AI workflows: Nvidia, in collaboration with Microsoft and Mediatek, launched a new Windows-based PC platform targeting AI workflows. The RTX Spark product combines a Blackwell RTX GPU with a 20-core Grace GPU (co-designed with Mediatek) using NVLink to deliver a high-performance PC experience optimized for AI applications - which we expect to be targeted at the premium segment of the market. OEM partners will launch laptop, desktop, and workstations systems beginning this fall, with launch partners including ASUS, Dell, HP, Lenovo, Microsoft, MSI, Acer and Gigabyte.
Launch of Enterprise Agent Toolkit. Nvidia announced a series of new software releases targeting agentic AI use cases in the enterprise, including NemoClaw, Nemotron 3 Ultra, OpenShell, and CUDA-X Agent Skills.
Physical AI announcements: Nvidia launched new versions of its open Cosmos (v3) frontier model targeting multi-modal reasoning, and Alpamayo (v2) which is targeted as a reference platform for self-driving cars. The company also announced its first open reference design for humanoid robots, based on its Isaac Gr00t and Jetson Thor hardware platform.
"The PC is being reinvented," Huang said. "For forty years, you launched apps. Click. Type. With RTX Spark and Microsoft Windows, you ask — and the PC does the work. RTX Spark brings everything NVIDIA has built — CUDA, RTX, our AI platform — into a single superchip. Local agents. Frontier models. Creative workflows. RTX games. All on a laptop. This is the new PC. The personal AI computer."
Jensen Huang says the AI PC reinvention is as big as the smartphone shift by calling it “a new line” and “a new beginning.”$NVDA and $MSFT unveiled RTX Spark which will be the world’s most powerful deskside AI supercomputer built to run next-gen AI agent workloads locally. https://t.co/aUTBmJ3a5G pic.twitter.com/oz21vosT5S
— Shay Boloor (@StockSavvyShay) June 1, 2026Nvidia shares rose 2.5% in premarket trading in New York after Huang's comments outlined that the company was entering the PC market with a new chip.
Arm ADRs soared 12% as traders viewed Nvidia's PC push as supportive of the Arm ecosystem. However, the announcement pressured incumbent processor stocks, with Intel sliding 6%, Qualcomm down 9.5%, and AMD falling 3.5%.
Schneider is "Buy" rated on NVDA with a 12-month price target of $285. This is based on a 30X P/E multiple applied to his team's normalized EPS estimate of $9.50.
Meanwhile, overnight, Intel announced a new AI chip, code-named Crescent Island, expected to hit the consumer market by the end of the year, according to the Financial Times.
"We decided to start rebuilding our muscles in AI . . . [but] we are not particularly aiming for [the training market] based on past experience," said Kevork Kechichian, who leads Intel's data center group.
The AI chip race is accelerating, with today's biggest news being Nvidia's move to reinvent the PC market with a new AI chip.
Tyler Durden Mon, 06/01/2026 - 08:55