Moderna Replaces Warner Bros. Discovery on Nasdaq 100

Nasdaq announced that Moderna will replace Warner Bros. Discovery on the Nasdaq 100 index effective October 9. The transition follows a significant increase in Moderna's valuation, with shares rising more than sixfold this year to reach approximately $75 billion.

Warner Bros. Discovery is being removed from the Nasdaq 100 as well as major indexes provided by S&P and MSCI. This exit coincides with the expected October 6 closing of its merger with Paramount Skydance, a deal that had been delayed for several months.