Moderna CEO faces scrutiny over Covid vaccine price hike.

Moderna CEO Stéphane Bancel defended the company's plan to raise the price of its Covid vaccine at a Senate hearing, citing the end of government funding and increased distribution costs. The company plans to increase the cost of the vaccine to consumers to $130 a dose from the current price of about $26. Sen. Bernie Sanders criticized the move, noting that the vaccine was developed with government funding and expertise. Bancel vowed to keep the vaccine affordable for those who are struggling to make ends meet.