Lawsuit

Shares of Moderna Inc fell nearly 10% after it lost a bid to invalidate a U.S. patent owned by Arbutus Biopharma that poses a potential obstacle to Moderna’s efforts to develop next-generation vaccines, including a coronavirus vaccine.

Mall owner says Simon Property has buyer’s remorse, knew there was a pandemic raging when it made takeover agreement in February.

Simon Property Group, the country’s largest mall owner, filed a lawsuit against Gap Inc. on Tuesday over unpaid rents and other charges it says amount to $66 million.