The downtrend follows regulatory uncertainty in Washington after the federal bank regulator proposed rules to implement the GENIUS Act, which included restrictions on stablecoin rewards.
While Jack Dorsey defends the move to lay off people as a necessity of the current times, users on Stocktwits and X are raising concerns about the job cuts.
Analysts are divided on the target, with RBC Capital and Stifel saying the comments appeared to reference uniQure, while Leerink argued they more closely align with Regenxbio’s RGX-121.
