Trump Team Weighs Pulling Funds for Moderna Bird Flu Vaccine (4)

US health officials are reevaluating a $590 million contract for bird flu shots that the Biden administration awarded to Moderna Inc., people familiar with the matter said.

The review is part of a government push to examine spending on messenger RNA-based vaccines, the technology that powered Moderna’s Covid vaccine. The bird flu shot contract was awarded to Moderna in the Biden administration’s final days, sending the company’s stock up 13% in the two days following the Jan. 17 announcement.

Shares of Moderna fell as much as 4% when US markets opened on Thursday. The company didn’t respond to a ...