Moderna to replace Warner Bros Discovery on Nasdaq 100

Oct 1 (Reuters) – Nasdaq said on Thursday that vaccine maker Moderna will replace Warner Bros. Discovery on the Nasdaq 100 index, effective October 9.

Here are some details:

• Moderna shares have jumped more than sixfold this year to a valuation of roughly $75 billion.

• Warner Bros. Discovery is also set to be removed from indexes of major providers such as MSCI and S&P as its merger with Paramount Skydance is expected to close on October 6 after a months-long holdup.