"Tech Analysts Rule Out a Dot-com Type Bubble" — Wall Street Journal's Daily Shot newsletter (subscription):
"Tech firms have been under pressure over the past couple days, with market losses spreading to Europe and Asia. ... Analysts, however, point out that there is no evidence of a tech bubble similar to what we saw in the late 1990s. Tech valuations do not seem to be too far off from the broader market."
Illustration: Annelise Capossela/Axios
Photo: Spencer Platt/Getty Images
Primary elections are being held on Tuesday in Minnesota, Georgia, Connecticut, Vermont and Wisconsin.
The big picture: Georgia and Wisconsin both struggled to hold primaries during the coronavirus pandemic, but are doing so again — testing their voting systems ahead of the general election. Rep. Ilhan Omar (D-Minn.) is facing a strong challenger as she fights for her political career. In Georgia, a Republican primary runoff pits a QAnon supporter against a hardline conservative.
A volunteer in Moderna's vaccine clinical trial receives a shot. Photo: Paul Hennessy/NurPhoto via Getty Images
The U.S. government has agreed to buy 100 million doses of Moderna's experimental coronavirus vaccine for $1.5 billion, or $15 per dose.
Why it matters: The Trump administration, through Operation Warp Speed, has now bought initial batches of vaccines from Moderna, GlaxoSmithKline and Sanofi, Pfizer, Novavax, Johnson & Johnson and AstraZeneca before knowing whether they are safe and effective. The federal government also appears to own some of the patent rights associated with Moderna's vaccine.