British-based drugmaker AstraZeneca plc (NASDAQ: AZN) has bought its 7.7% stake in Moderna Inc. (NASDAQ: MRNA) for greater than $1 billion, the Occasions reported Sunday.

What Occurred: AstraZeneca disposed of its stake in Moderna following the U.S. biotechnology firm’s coronavirus vaccine breakthrough, in keeping with the Occasions report. It is not clear over what interval AstraZeneca bought its holding, the report added.

The information of the stake sale comes simply as Johnson & Johnson’s (NYSE: JNJ) single-shot coronavirus vaccine candidate acquired approval because the third vaccine for emergency use within the U.S.

Moderna’s coronavirus vaccine was permitted by U.S. regulators in December final 12 months for emergency use in opposition to COVID-19. Whereas reporting its fourth-quarter monetary leads to late February, Moderna mentioned it expects product gross sales of $18.4 billion from the vaccine this 12 months.

Why It Issues: AstraZeneca’s 7.7% stake made it the second-largest investor in Moderna

Increase your ecommerce

As we begin 2021, ecommerce goes to paved the way this yr, because the pandemic continues to drive a lift in on-line buying. In reality, ecommerce gross sales from April to Could have already exceeded gross sales throughout the 2019 holiday season by 7%. With record-breaking online shopping expected to continue through 2021, take advantage of these ecommerce preparedness tips to boost your sales.

Editor’s note: Interested in checking out a demo site that showcases all of the features mentioned below? Click here to try it out.

1. Create a visually compelling store experience

Consumers tend to decide whether they want to buy at the store within the first few seconds of browsing. For this reason, it’s important to provide great visuals, make the information as easy and accessible to digest, and provide consumers with the right “proof” to make the purchase decision.

Here are some helpful