Analysts expect the Massachusetts-based firm will report $6.8 billion in revenue, up 1,090% from one year prior. Moderna is slated to release its fourth-quarter earnings on February 24. Even after his pandemic share sales, the French native owns a nearly 8% stake in Moderna, including exercisable options. That’s how much Bancel, who joined the firm in 2011 and was at one point worth more than $12 billion, is worth Monday after shedding some $660 million during the one-day stock plunge, according to Forbes. Monday's worst-performing stock in the S&P 500, Moderna has plunged 72% from an all-time closing high of $484 on August 9, wiping out more than $140 billion from the firm’s market capitalization, which now stands at less than $57 billion. *Editor’s Note: These actions will not affect Space Force Guardian PCS moves, bonuses and special pay.In a statement, a Moderna spokesperson said Bancel “personally invested in every single one” of the firm’s funding rounds before its initial public offering in 2018 and remains an owner of 21.8 million shares of Moderna’s common stock. The Air Force continues to work through additional options to avoid the funding shortfall and will provide more information when available.Īirmen who have specific questions, call the Total Force Service Center at 21, or toll-free at 80. Airmen already receiving AIP will continue to receive that pay.įinally, Airmen on overseas long tours with a DEROS between October – December 2023 will have their DEROS extended to January – March 2024.ĪFPC will continue to prioritize and authenticate orders for mandatory moves and will consider ETP requests on a case-by-case basis. Within the next 14 days, the Air Force expects to reopen a restructured AvB, at which time officers who did not already elect to sign the AvB contract will be able to do so as long as funds remain.Īdditionally, the Air Force is pausing new Assignment Incentive Pay this includes Airmen signing contracts or initiating new pay at non-contract locations until the beginning of FY24. The Air Force is also temporarily pausing the Aviation Bonus program that opened on June 6, 2023, to restructure the program to continue offering bonuses to aviators. Airmen should be on the lookout for AFPC messaging and work with their servicing MPF. Airmen who reach their maximum extensions by law on their enlistment can also be accommodated through constructive re-enlistment. This allows most Airmen to still access an SRB program with the FY23 rules until the FY24 program starts. Some PCS order authentications will be delayed.Įffective July 11, 2023, the Air Force will suspend the FY23 selective reenlistment bonus program but will allow Airmen who would have been eligible after the deadline to extend their current enlistment into fiscal year 2024. AFPC is currently approving PCS orders for Airmen with projected departure dates in July.įor all other Airmen awaiting PCS orders with projected departure dates of August or later, orders are being reviewed and approved on a priority basis. Headquarters Air Force is directing actions to be taken now to avoid exhausting funds. The Air Force is experiencing a shortfall in the FY23 Military Personnel Appropriation driven by higher-than-projected personnel costs. Secretary of the Air Force Public Affairs.
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