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Moderna aims to cut $1B in expenses

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Moderna is seeking to cut $1.1 billion in expenses by 2027.

Research and development spending is expected to be reduced to $3.6 billion to $3.8 billion, down from an expected $4.8 billion this year.

Meanwhile, 10 new product approvals are on deck for the company through 2027.

Read more from CNBC.

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