Moderna surged 120% and Merck 10% after positive results from a personalized cancer vaccine in a late-stage trial. Pilgrim’s Pride gained 15% following JBS’s bid to acquire the remaining shares, as JBS owns over 80% of the chicken producer. Gold miners rallied sharply after the Treasury Department announced increased debt repurchases, with the VanEck Gold Miners ETF (GDX) jumping 9%. Coinbase climbed 11% as bitcoin exceeded $68,000, while Target rose 5% on better-than-expected second-quarter revenue and $752 million in tariff refunds.
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