{"id":52943,"date":"2026-08-21T14:45:18","date_gmt":"2026-08-21T14:45:18","guid":{"rendered":"https:\/\/www.vtmarkets.com\/jp-asia\/uncategorized\/52943\/"},"modified":"2026-08-21T14:45:18","modified_gmt":"2026-08-21T14:45:18","slug":"moderna-merck-and-the-different-ways-markets-value-a-breakthrough","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/jp-asia\/opinion\/52943\/","title":{"rendered":"\u30e2\u30c7\u30eb\u30ca\u3068\u30e1\u30eb\u30af\u2015\u2015\u30d6\u30ec\u30fc\u30af\u30b9\u30eb\u30fc\u8a55\u4fa1\u3092\u5de1\u308b\u5e02\u5834\u306e\u7570\u306a\u308b\u898b\u65b9"},"content":{"rendered":"<figure class=\"wp-block-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1250\" height=\"700\" src=\"https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" style=\"object-fit:cover;\" srcset=\"https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma.webp 1250w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma-300x168.webp 300w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma-1024x573.webp 1024w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma-768x430.webp 768w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma-500x280.webp 500w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma-400x224.webp 400w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma-350x196.webp 350w, https:\/\/www.vtmarkets.com\/jp-asia\/wp-content\/uploads\/sites\/29\/2026\/08\/Moderna-Merck-pharma-200x112.webp 200w\" sizes=\"auto, (max-width: 1250px) 100vw, 1250px\" \/><\/figure>\n\n\n<p class=\"wp-block-paragraph\">8\u670819\u65e5\uff08\u6c34\uff09\u3001\u30e2\u30c7\u30eb\u30ca\u306f\u500b\u5225\u5316mRNA\uff08\u30e1\u30c3\u30bb\u30f3\u30b8\u30e3\u30fcRNA\uff1d\u4f53\u5185\u3067\u305f\u3093\u3071\u304f\u8cea\u3092\u4f5c\u308b\u8a2d\u8a08\u56f3\u3068\u306a\u308b\u907a\u4f1d\u60c5\u5831\uff09\u306b\u3088\u308b\u304c\u3093\u6cbb\u7642\u304c<a href=\"https:\/\/www.cnbc.com\/2026\/08\/19\/moderna-merck-cancer-vaccine-shows-initial-late-stage-melanoma-data.html\">\u7b2c3\u76f8\u8a66\u9a13\uff08\u6700\u7d42\u6bb5\u968e\u306e\u81e8\u5e8a\u8a66\u9a13\uff09\u306b\u6210\u529f\u3057\u305f<\/a>\u3068\u767a\u8868\u3057\u305f\u3002\u3053\u308c\u3092\u53d7\u3051\u682a\u4fa1\u306f\u6025\u9a30\u3002\u682a\u4fa1\u306f177%\u4e0a\u6607\u3057\u3001<a href=\"https:\/\/www.wsj.com\/health\/pharma\/moderna-merck-vaccine-succeeds-in-preventing-melanoma-from-returning-540e9e18?mod=hp_lead_pos5\">1\u65e5\u30672\u500d\u8d85<\/a>\u3068\u306a\u308a\u3001\u7d42\u5024\u306f174\u30c9\u30eb\u8d85\u3002\u5171\u540c\u958b\u767a\u306e\u30e1\u30eb\u30af\u308212.6%\u4e0a\u6607\u3057\u305f\u3002<\/p>\n\n\n\n<script type=\"module\" src=\"https:\/\/widgets.tradingview-widget.com\/w\/en\/tv-tickers.js\"><\/script>\n\n<tv-tickers symbols=\"NASDAQ:MRNA,NYSE:MRK\" hover-type=\"performance-grid\" show-hover><\/tv-tickers>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3060\u3057\u4e0a\u6607\u306e\u6301\u7d9a\u306f\u4e21\u793e\u3067\u7570\u306a\u3063\u305f\u3002\u6728\u66dc\u5348\u5f8c\u3001\u30e2\u30c7\u30eb\u30ca\u682a\u306f\u4e00\u664225%\u5b89\u306e129\u30c9\u30eb\u8fd1\u8fba\u307e\u3067\u4e0b\u843d\u3057\u3001\u6700\u7d42\u7684\u306b\u7d0419%\u5b89\u3067\u5f15\u3051\u305f\u3002\u6642\u4fa1\u7dcf\u984d\u306f<a href=\"https:\/\/www.forbes.com\/sites\/tylerroush\/2026\/08\/20\/moderna-stock-plunges-25-wiping-out-18-billion-after-historic-cancer-vaccine-breakthrough\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u7d04180\u5104\u30c9\u30eb<\/a>\u6d88\u5931\u3002\u4e00\u65b9\u30e1\u30eb\u30af\u306f\u540c\u65e50.57%\u5b89\u306b\u3068\u3069\u307e\u3063\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8a66\u9a13\u7d50\u679c\u305d\u306e\u3082\u306e\u306f\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3002\u6c34\u66dc\u306b\u6750\u6599\u8996\u3055\u308c\u305f\u30c7\u30fc\u30bf\u306f\u6728\u66dc\u3082\u540c\u3058\u3060\u3063\u305f\u3002\u9055\u3044\u306f\u3001\u6295\u8cc7\u5bb6\u304c\u300c\u79d1\u5b66\u7684\u6210\u679c\u3092\u9577\u671f\u306e\u4f01\u696d\u4fa1\u5024\uff08\u53ce\u76ca\uff09\u306b\u5909\u3048\u3089\u308c\u308b\u529b\u300d\u3092\u3069\u3046\u898b\u305f\u304b\u306b\u3042\u308b\u3002\u767a\u898b\uff08\u30d6\u30ec\u30fc\u30af\u30b9\u30eb\u30fc\uff09\u3068\u4fa1\u5024\uff08\u53ce\u76ca\u5316\uff09\u306e\u9593\u306b\u3042\u308b\u9694\u305f\u308a\u304c\u3001\u682a\u4fa1\u306e\u5dee\u3068\u3057\u3066\u8868\u308c\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u8a66\u9a13\u3067\u793a\u3055\u308c\u305f\u3053\u3068<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a4\u30f3\u30c6\u30a3\u30b9\u30e1\u30e9\u30f3\u30fb\u30aa\u30fc\u30c8\u30b8\u30fc\u30f3\u306f\u3001\u60a3\u8005\u3054\u3068\u306e\u816b\u760d\u306b\u3042\u308b\u7279\u5b9a\u306e\u5909\u7570\uff08\u907a\u4f1d\u5b50\u306e\u9055\u3044\uff09\u306b\u5408\u308f\u305b\u3066\u8a2d\u8a08\u3059\u308b\u300c\u500b\u5225\u5316\u300d\u304c\u3093\u6cbb\u7642\u3002\u514d\u75ab\u7cfb\uff08\u75c5\u539f\u4f53\u3084\u7570\u7269\u3092\u653b\u6483\u3059\u308b\u4f53\u306e\u9632\u5fa1\u6a5f\u80fd\uff09\u306b\u3001\u304c\u3093\u306e\u76ee\u5370\u3092\u899a\u3048\u3055\u305b\u3066\u653b\u6483\u3055\u305b\u308b\u72d9\u3044\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5358\u72ec\u3067\u7f6e\u304d\u63db\u3048\u308b\u306e\u3067\u306f\u306a\u304f\u3001<a href=\"https:\/\/www.merck.com\/news\/keytruda-pembrolizumab-and-keytruda-qlex-pembrolizumab-and-berahyaluronidase-alfa-pmph-plus-paclitaxel-%C2%B1-bevacizumab-approved-for-certain-adults-with-pd-l1-cps-%E2%89%A51\/\">\u30e1\u30eb\u30af\u306e\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0<\/a>\uff08\u514d\u75ab\u7642\u6cd5\u85ac\uff09\u3068\u4f75\u7528\u3059\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.merck.com\/news\/merck-and-moderna-announce-phase-3-interpath-001-trial-of-intismeran-autogene-plus-keytruda-met-endpoints-of-recurrence-free-survival-rfs-and-distant-metastasis-free-survival-dmfs-in-patient\/\">INTerpath-001\u8a66\u9a13<\/a>\u3067\u306f\u3001\u624b\u8853\u5f8c\u306e\u30b9\u30c6\u30fc\u30b8IIB\u301cIV\u306e\u30e1\u30e9\u30ce\u30fc\u30de\uff08\u60aa\u6027\u9ed2\u8272\u816b\uff09\u60a3\u8005\u3067\u3001\u4e3b\u8981\u8a55\u4fa1\u9805\u76ee\uff08\u8a66\u9a13\u3067\u6700\u3082\u91cd\u8996\u3059\u308b\u6307\u6a19\uff09\u306e\u7121\u518d\u767a\u751f\u5b58\uff08\u518d\u767a\u3057\u306a\u3044\u671f\u9593\uff09\u3068\u3001\u526f\u6b21\u8a55\u4fa1\u9805\u76ee\u306e\u9060\u9694\u8ee2\u79fb\u306a\u3057\u751f\u5b58\uff08\u96e2\u308c\u305f\u81d3\u5668\u306b\u8ee2\u79fb\u3057\u306a\u3044\u671f\u9593\uff09\u3092\u9054\u6210\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">mRNA\u3092\u4f7f\u3046\u304c\u3093\u6cbb\u7642\u3068\u3057\u3066\u3001\u521d\u3081\u3066\u6700\u7d42\u6bb5\u968e\u306e\u8a66\u9a13\u3067\u524d\u5411\u304d\u306a\u7d50\u679c\u304c\u51fa\u305f\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e00\u65b9\u3067\u76ee\u3092\u5f15\u3044\u305f\u70b9\u3082\u3042\u308b\u3002\u767a\u8868\u306b\u306f\u30cf\u30b6\u30fc\u30c9\u6bd4\uff08\u518d\u767a\u306a\u3069\u306e\u300c\u8d77\u304d\u3084\u3059\u3055\u300d\u30922\u7fa4\u3067\u6bd4\u3079\u305f\u6307\u6a19\uff09\u3084\u8a73\u3057\u3044\u6709\u52b9\u6027\u30c7\u30fc\u30bf\u304c\u793a\u3055\u308c\u306a\u304b\u3063\u305f\u3002\u5e02\u5834\u306f\u300c\u4e3b\u8981\u9805\u76ee\u9054\u6210\u300d\u3068\u3044\u3046\u8981\u7d04\u60c5\u5831\uff08\u30c8\u30c3\u30d7\u30e9\u30a4\u30f3\uff09\u3060\u3051\u3067\u5927\u304d\u304f\u52d5\u304d\u3001\u8a73\u7d30\u30c7\u30fc\u30bf\u3092\u5f85\u3063\u3066\u3044\u306a\u3044\u3002\u3064\u307e\u308a\u6295\u8cc7\u5bb6\u306f\u79d1\u5b66\u3060\u3051\u3067\u306a\u304f\u3001\u5c06\u6765\u306e\u58f2\u4e0a\u30fb\u5229\u76ca\u3078\u306e\u5f71\u97ff\u3082\u540c\u6642\u306b\u7e54\u308a\u8fbc\u3082\u3046\u3068\u3057\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\u540c\u3058\u6210\u679c\u3067\u3082\u4f01\u696d\u4fa1\u5024\u306f\u540c\u3058\u3067\u306f\u306a\u3044<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e2\u30c7\u30eb\u30ca\u306f\u6cbb\u7642\u3092\u4f5c\u308a\u3001\u57fa\u76e4\u3068\u306a\u308bmRNA\u6280\u8853\u57fa\u76e4\uff08\u540c\u793e\u306e\u4e2d\u6838\u6280\u8853\uff09\u3092\u6301\u3064\u3002\u30e1\u30eb\u30af\u306f\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u306b\u52a0\u3048\u3001\u5f53\u5c40\u5bfe\u5fdc\u306e\u7d4c\u9a13\uff08\u627f\u8a8d\u5be9\u67fb\u306e\u624b\u7d9a\u304d\uff09\u3068\u4e16\u754c\u898f\u6a21\u306e\u8ca9\u58f2\u7db2\u3092\u6301\u3061\u8fbc\u3093\u3060\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e21\u793e\u3068\u3082\u6210\u679c\u306e\u6069\u6075\u306f\u53d7\u3051\u308b\u304c\u3001\u6295\u8cc7\u5bb6\u304c\u898b\u305f\u300c\u7a3c\u3050\u9053\u7b4b\u300d\u306f\u7570\u306a\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u30e2\u30c7\u30eb\u30ca\u306b\u3068\u3063\u3066\u306f\u3001\u500b\u5225\u5316\u304c\u3093\u30ef\u30af\u30c1\u30f3\uff08\u514d\u75ab\u3092\u4f7f\u3063\u3066\u304c\u3093\u3092\u6291\u3048\u308b\u6cbb\u7642\uff09\u306e\u6280\u8853\u57fa\u76e4\u304c\u3001\u5c06\u6765\u3055\u307e\u3056\u307e\u306a\u304c\u3093\u7a2e\u306b\u5e83\u304c\u308b\u53ef\u80fd\u6027\u3092\u793a\u3059\u3002<\/li>\n\n\n\n<li>\u30e1\u30eb\u30af\u306b\u3068\u3063\u3066\u306f\u3001\u3088\u308a\u76ee\u5148\u306e\u610f\u5473\u5408\u3044\u304c\u5f37\u3044\u3002\u6cbb\u7642\u304c\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u4e8b\u696d\uff08\u4e3b\u529b\u88fd\u54c1\u306b\u3088\u308b\u58f2\u4e0a\u306e\u67f1\uff09\u3092\u88dc\u5f37\u3057\u5f97\u308b\u3002\u3055\u3089\u306b\u540c\u793e\u306f<a href=\"https:\/\/www.businesstimes.com.sg\/international\/merck-create-separate-cancer-business-keytruda-patent-loss-looms\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u88fd\u85ac\u696d\u754c\u3067\u3082\u5927\u304d\u3044\u7279\u8a31\u5207\u308c<\/a>\u306b\u76f4\u9762\u3057\u3066\u3044\u308b\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u306e\u554f\u3044\u306f\u300c\u8ab0\u304c\u767a\u898b\u3057\u305f\u304b\u300d\u3060\u3051\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u300c\u8ab0\u304c\u6700\u3082\u53ce\u76ca\u5316\u3067\u304d\u308b\u304b\u300d\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30e1\u30eb\u30af\uff08MRK\uff09\uff1a\u53ce\u76ca\u5316\u306e\u9053\u7b4b\u304c\u898b\u3048\u3084\u3059\u3044<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e1\u30eb\u30af\u306e\u8ab2\u984c\u306f\u660e\u78ba\u3060\u3002\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u306e\u7279\u8a31\u306b\u3088\u308b\u4fdd\u8b77\u304c\u5207\u308c\u308b\u524d\u306b\u3001\u305d\u306e\u58f2\u4e0a\u3092\u88dc\u3046\u5fc5\u8981\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u306f<a href=\"https:\/\/finance.yahoo.com\/news\/keytruda-aid-mrks-growth-2026-144800572.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u5e74\u9593\u7d04253\u5104\u30c9\u30eb\u306e\u58f2\u4e0a<\/a>\u3092\u751f\u307f\u3001<a href=\"https:\/\/www.barrons.com\/articles\/keytruda-gardasil-sales-merck-stock-c19d0661\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u4e16\u754c\u6700\u5927\u7d1a\u306e\u533b\u85ac\u54c1<\/a>\u306e\u4e00\u3064\u3002\u7c73\u56fd\u3067\u306e\u72ec\u5360\u671f\u9593\u306f2028\u5e7412\u6708\u306b\u7d42\u4e86\u3057\u3001\u30a4\u30f3\u30d5\u30ec\u6291\u5236\u6cd5\uff08Inflation Reduction Act\uff09\u306b\u57fa\u3065\u304f\u85ac\u4fa1\u5f15\u304d\u4e0b\u3052\u306e\u4ed5\u7d44\u307f\u306f\u3001\u5bfe\u8c61\u85ac\u306b\u3064\u3044\u30662028\u5e741\u6708\u304b\u3089\u5f71\u97ff\u304c\u51fa\u59cb\u3081\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6642\u9593\u8ef8\u304c\u306f\u3063\u304d\u308a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a4\u30f3\u30c6\u30a3\u30b9\u30e1\u30e9\u30f3\u4f75\u7528\u304c\u6210\u529f\u3059\u308c\u3070\u3001\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u306e\u5546\u696d\u7684\u306a\u5bff\u547d\uff08\u58f2\u308c\u308b\u671f\u9593\uff09\u3092\u5ef6\u3070\u305b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u5225\u306e\u5927\u578b\u88fd\u54c1\u3092\u4e00\u304b\u3089\u7acb\u3066\u308b\u3088\u308a\u3001\u65e2\u5b58\u6cbb\u7642\u3092\u6b21\u4e16\u4ee3\u306e\u304c\u3093\u6cbb\u7642\u3068\u3057\u3066\u5f37\u5316\u3067\u304d\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u5bb6\u306f\u3053\u306e\u70b9\u3092\u8a55\u4fa1\u3057\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e2\u30eb\u30ac\u30f3\u30fb\u30b9\u30bf\u30f3\u30ec\u30fc\u306f<a href=\"https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/morgan-stanley-revamps-merck-stock-201857782.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u30e1\u30eb\u30af\u3092\u300c\u30aa\u30fc\u30d0\u30fc\u30a6\u30a8\u30fc\u30c8\uff08\u5f37\u6c17\uff09\u300d\u3078\u5f15\u304d\u4e0a\u3052<\/a>\u3001\u591a\u304f\u306e<a href=\"https:\/\/www.gurufocus.com\/news\/9045774\/morgan-stanley-revamps-merck-stock-target-after-cancer-breakthrough?utm_source=yahoo_finance&amp;utm_medium=syndication&amp;utm_campaign=headlines&amp;r=caf6fe0e0db70d936033da5461e60141\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u30a2\u30ca\u30ea\u30b9\u30c8\u304c\u76ee\u6a19\u682a\u4fa1\u3092\u5f15\u304d\u4e0a\u3052<\/a>\u305f\u3002\u30a4\u30f3\u30c6\u30a3\u30b9\u30e1\u30e9\u30f3\u3092\u542b\u3080\u958b\u767a\u5019\u88dc\uff08\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\uff09\u304c\u3001\u7279\u8a31\u5207\u308c\u306b\u3088\u308b\u4e0b\u62bc\u3057\u3092\u88dc\u3046\u3068\u307f\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u307e\u305f\u3001\u30e1\u30eb\u30af\u306f\u8ca1\u52d9\u57fa\u76e4\u304c\u5f37\u3044\u3002\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u3060\u3051\u30672026\u5e74\u4e0a\u671f\u306b160\u5104\u30c9\u30eb\u8d85\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\uff08\u4e8b\u696d\u304c\u751f\u3080\u73fe\u91d1\u306e\u6d41\u308c\uff09\u3092\u751f\u307f\u3001\u6295\u8cc7\u30fb\u958b\u767a\u30fb\u8ca9\u58f2\u306b\u56de\u3059\u4f59\u529b\u304c\u5927\u304d\u3044\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u30e2\u30c7\u30eb\u30ca\uff08MRNA\uff09\uff1a\u53ef\u80fd\u6027\u3092\u58f2\u4e0a\u306b\u5909\u3048\u308b\u5fc5\u8981<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e2\u30c7\u30eb\u30ca\u306f\u69cb\u56f3\u304c\u7570\u306a\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4fa1\u5024\u3042\u308b\u6280\u8853\u57fa\u76e4\u3092\u6301\u3064\u4e00\u65b9\u3001\u7d99\u7d9a\u7684\u306b\u5229\u76ca\u3092\u751f\u3080\u529b\u3092\u8a3c\u660e\u3057\u3066\u3044\u308b\u9014\u4e2d\u3060\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/finance.yahoo.com\/healthcare\/articles\/moderna-q2-earnings-call-highlights-140404872.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">2026\u5e744\u301c6\u6708\u671f<\/a>\u306e\u58f2\u4e0a\u9ad8\u306f1\u51044500\u4e07\u30c9\u30eb\u3001\u7d14\u640d\u76ca\u306f7\u51048200\u4e07\u30c9\u30eb\u306e\u8d64\u5b57\u3002\u7814\u7a76\u958b\u767a\u8cbb\u306f6\u51045100\u4e07\u30c9\u30eb\u3068\u3001\u58f2\u4e0a\u306e4\u500d\u8d85\u3060\u3063\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">6\u6708\u672b\u306e\u73fe\u91d1\u30fb\u6295\u8cc7\u306f69\u5104\u30c9\u30eb\u3067\u30013\u30ab\u6708\u524d\u306e75\u5104\u30c9\u30eb\u304b\u3089\u6e1b\u5c11\u3002\u4f1a\u793e\u5074\u306f\u5e74\u672b\u306e\u73fe\u91d1\u30fb\u6295\u8cc7\u309247\u5104\u301c52\u5104\u30c9\u30eb\u3068\u898b\u8fbc\u3080\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3055\u3089\u306b\u3001\u3059\u3079\u3066\u306emRNA\u958b\u767a\u304c\u9806\u8abf\u3060\u3063\u305f\u308f\u3051\u3067\u306f\u306a\u3044\u3002\u30ce\u30ed\u30a6\u30a4\u30eb\u30b9\u5411\u3051\u5019\u88dcmRNA-1403\u306f\u3001\u7b2c3\u76f8\u306e\u4e2d\u9593\u89e3\u6790\u3067<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-07-31\/moderna-says-early-results-of-norovirus-shot-were-not-successful\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u7d71\u8a08\u7684\u306a\u57fa\u6e96\uff08\u5076\u7136\u3067\u306f\u306a\u3044\u3068\u5224\u65ad\u3059\u308b\u305f\u3081\u306e\u57fa\u6e96\uff09\u3092\u6e80\u305f\u305b\u306a\u304b\u3063\u305f<\/a>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4eca\u56de\u306e\u7d50\u679c\u306f\u5c06\u6765\u306e\u9078\u629e\u80a2\u3092\u5e83\u3052\u305f\u304c\u3001\u8db3\u5143\u306e\u8ca1\u52d9\u72b6\u6cc1\u3092\u76f4\u3061\u306b\u5909\u3048\u305f\u308f\u3051\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><\/td><td class=\"has-text-align-center\" data-align=\"center\">Moderna<\/td><td class=\"has-text-align-center\" data-align=\"center\">Merck<\/td><\/tr><tr><td>Main contribution<\/td><td>mRNA platform and personalised therapy<\/td><td>Keytruda, commercial scale and distribution<\/td><\/tr><tr><td>Q2 2026 position<\/td><td>$145m revenue, $782m net loss<\/td><td>Keytruda generated over $16bn in H1 cash flow<\/td><\/tr><tr><td>Value of the data<\/td><td>Creates broader platform potential<\/td><td>Helps protect an existing revenue stream<\/td><\/tr><tr><td>Two-day stock move<\/td><td>+177%, then gave back around a fifth<\/td><td>+12.6%, largely held gains<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e2\u30c7\u30eb\u30ca\u306e\u9b45\u529b\u306f\u300c\u9078\u629e\u80a2\u306e\u591a\u3055\u300d\u306b\u3042\u308b\u3002\u540c\u793e\u306f\u3001\u30e1\u30e9\u30ce\u30fc\u30de\u3001\u975e\u5c0f\u7d30\u80de\u80ba\u304c\u3093\uff08\u80ba\u304c\u3093\u306e\u4e3b\u8981\u30bf\u30a4\u30d7\uff09\u3001\u8180\u80f1\u304c\u3093\u3001\u814e\u7d30\u80de\u304c\u3093\uff08\u814e\u81d3\u304c\u3093\u306e\u4e3b\u8981\u30bf\u30a4\u30d7\uff09\u3067\u3001\u30a4\u30f3\u30c6\u30a3\u30b9\u30e1\u30e9\u30f3\u306e\u7b2c2\u76f8\u30fb\u7b2c3\u76f8\u8a66\u9a13\u3092<a href=\"https:\/\/finance.yahoo.com\/healthcare\/articles\/moderna-shares-surge-more-90-132957599.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">9\u672c\u9032\u3081\u3066\u3044\u308b<\/a>\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u8907\u6570\u306e\u304c\u3093\u3067\u540c\u69d8\u306e\u6210\u679c\u304c\u51fa\u308c\u3070\u3001\u4e8b\u696d\u6a5f\u4f1a\u306f\u5927\u304d\u304f\u5e83\u304c\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u305f\u3060\u3057\u9078\u629e\u80a2\u304c\u591a\u3044\u307b\u3069\u4e0d\u78ba\u5b9f\u6027\u3082\u5897\u3057\u3001\u5e02\u5834\u306f\u4fa1\u5024\u3092\u898b\u7a4d\u3082\u308a\u306b\u304f\u3044\u3002\u73fe\u5728\u306e\u53ce\u76ca\u304c\u5c0f\u3055\u3044\u4f01\u696d\u306f\u3001\u3059\u3067\u306b\u7a3c\u3050\u4e3b\u529b\u88fd\u54c1\u3092\u6301\u3064\u4f01\u696d\u307b\u3069\u306e\u4e0b\u652f\u3048\u304c\u306a\u3044\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u7279\u8a31\u5207\u308c\u304c\u30d0\u30a4\u30aa\u696d\u754c\u3092\u52d5\u304b\u3059<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u30e2\u30c7\u30eb\u30ca\u3068\u30e1\u30eb\u30af\u306e\u63d0\u643a\u306f\u3001<a href=\"https:\/\/finance.yahoo.com\/news\/big-pharma-navigating-300-billion-080000758.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u88fd\u85ac\u696d\u754c\u5168\u4f53\u306e\u6d41\u308c<\/a>\u3092\u793a\u3059\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2030\u5e74\u307e\u3067\u306b\u3001\u7279\u8a31\u5207\u308c\u306e\u5727\u529b\u306b\u3055\u3089\u3055\u308c\u308b\u30d6\u30e9\u30f3\u30c9\u85ac\u306e\u58f2\u4e0a\u306f<a href=\"https:\/\/finance.yahoo.com\/news\/big-pharma-navigating-300-billion-080000758.html\" target=\"_blank\" rel=\"noopener nofollow\" title=\"\">\u7d043000\u5104\u30c9\u30eb<\/a>\u306b\u9054\u3059\u308b\u3068\u898b\u8fbc\u307e\u308c\u308b\u3002\u540c\u6642\u306b\u3001\u5927\u624b\u304c\u6210\u9577\u6e90\u3092\u63a2\u3059\u4e2d\u3067\u3001\u30d0\u30a4\u30aa\u533b\u85ac\u306e\u63d0\u643a\u30fb\u8cb7\u53ce\u304c\u52a0\u901f\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5927\u624b\u304c\u6c42\u3081\u3066\u3044\u308b\u306e\u306f\u65b0\u3057\u3044\u79d1\u5b66\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u65e2\u5b58\u306e\u53ce\u76ca\u304c\u6e1b\u308b\u524d\u306b\u3001\u65b0\u3057\u3044\u53ce\u76ca\u6e90\u304c\u5fc5\u8981\u3060\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u4e8b\u60c5\u306f\u3001\u30d0\u30a4\u30aa\u4f01\u696d\u3068\u5927\u624b\u88fd\u85ac\u306e\u529b\u95a2\u4fc2\u3092\u5909\u3048\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u5c0f\u578b\u4f01\u696d\u306f\u9769\u65b0\uff08\u65b0\u6280\u8853\uff09\u3092\u3001\u5927\u624b\u306f\u8cc7\u91d1\u3001\u5f53\u5c40\u5bfe\u5fdc\u3001\u8ca9\u58f2\u306e\u4ed5\u7d44\u307f\u3092\u6301\u3064\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4fa1\u5024\u306e\u53d6\u308a\u5206\u306f\u3001\u6210\u679c\u304c\u51fa\u308b\u524d\u3001\u63d0\u643a\u6761\u4ef6\u3092\u6c7a\u3081\u308b\u6bb5\u968e\u3067\u5927\u304d\u304f\u6c7a\u307e\u308b\u3053\u3068\u304c\u591a\u3044\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u306e\u305f\u3081\u3001\u79d1\u5b66\u7684\u306b\u6b63\u3057\u3044\u3068\u793a\u3055\u308c\u3066\u3082\u3001\u767a\u660e\u8005\u304c\u4fa1\u5024\u306e\u5927\u534a\u3092\u5f97\u308b\u3068\u306f\u9650\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30d3\u30aa\u30f3\u30c6\u30c3\u30af\u306e\u682a\u4fa1\u53cd\u5fdc\u3082\u3001\u3053\u306e\u69cb\u56f3\u306e\u5225\u306e\u9762\u3092\u793a\u3057\u305f\u3002\u500b\u5225\u5316\u304c\u3093\u30ef\u30af\u30c1\u30f3\u3092\u958b\u767a\u4e2d\u306e\u540c\u793e\u682a\u306f\u540c\u65e54%\u4e0b\u843d\u3002\u6280\u8853\u306e\u88cf\u4ed8\u3051\u3068\u53d7\u3051\u6b62\u3081\u3089\u308c\u305f\u4e00\u65b9\u3001\u7af6\u4e89\u306e\u6fc0\u5316\u3068\u3082\u898b\u3089\u308c\u305f\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u697d\u89b3\u306e\u88cf\u306b\u3042\u308b\u30ea\u30b9\u30af<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u306e\u53cd\u5fdc\u3060\u3051\u3067\u306f\u5168\u4f53\u50cf\u306f\u898b\u3048\u306a\u3044\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u6700\u5927\u306e\u8ab2\u984c\u306f\u88fd\u9020\u3060\u3002\u500b\u5225\u5316\u6cbb\u7642\u306f\u60a3\u8005\u3054\u3068\u306b\u6295\u4e0e\u85ac\u3092\u4f5c\u308b\u5fc5\u8981\u304c\u3042\u308b\u3002\u751f\u7523\u3092\u5897\u3084\u3059\u3053\u3068\uff08\u91cf\u7523\uff09\u3001\u54c1\u8cea\u306e\u7dad\u6301\u3001\u7269\u6d41\u306e\u7ba1\u7406\u304c\u7126\u70b9\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u3053\u308c\u3092\u89e3\u6c7a\u3067\u304d\u308c\u3070\u3001\u30e2\u30c7\u30eb\u30ca\u306e\u6280\u8853\u57fa\u76e4\u306f\u7af6\u4e89\u4e0a\u306e\u5f37\u307f\u306b\u306a\u308a\u5f97\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4fa1\u683c\u8a2d\u5b9a\u3082\u4e0d\u900f\u660e\u3060\u3002\u533b\u7642\u4fdd\u967a\u5236\u5ea6\u304c\u3001\u500b\u5225\u5316\u304c\u3093\u6cbb\u7642\u3092\u5e83\u304f\u3069\u306e\u3088\u3046\u306b\u652f\u6255\u3046\u304b\uff08\u511f\u9084\uff09\u306e\u6c7a\u307e\u3063\u305f\u578b\u306f\u306a\u3044\u3002\u81e8\u5e8a\u6210\u7e3e\u304c\u826f\u304f\u3066\u3082\u3001\u5fc5\u305a\u3057\u3082\u5546\u696d\u7684\u6210\u529f\u306b\u3064\u306a\u304c\u3089\u306a\u3044\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4e00\u65b9\u3067\u3001\u30e2\u30c7\u30eb\u30ca\u306b\u6709\u5229\u306a\u898b\u65b9\u3082\u3042\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u30a4\u30f3\u30c6\u30a3\u30b9\u30e1\u30e9\u30f3\u304c\u4ed6\u306e\u304c\u3093\u3067\u3082\u6210\u529f\u3059\u308c\u3070\u3001\u5c06\u6765\u306e\u4fa1\u5024\u306f\u73fe\u5728\u306e\u7e54\u308a\u8fbc\u307f\u3092\u4e0a\u56de\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u30e2\u30c7\u30eb\u30ca\u3068\u30e1\u30eb\u30af\u306e\u5dee\u306f\u3001\u73fe\u6642\u70b9\u306e\u8ca1\u52d9\u4f53\u529b\u306e\u5dee\u3092\u53cd\u6620\u3057\u3066\u3044\u308b\u9762\u304c\u5927\u304d\u304f\u3001\u7d50\u672b\u3092\u65ad\u5b9a\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6b21\u306b\u6ce8\u76ee\u3059\u3079\u304d\u70b9<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u7126\u70b9\u306f\u300c\u5b9f\u884c\u300d\u3068\u300c\u4fa1\u5024\u306e\u53d6\u308a\u8fbc\u307f\u300d\u306b\u79fb\u3063\u305f\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u4eca\u5f8c\u306e\u30dd\u30a4\u30f3\u30c8\u306f\u6b21\u306e\u901a\u308a\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8ffd\u52a0\u8a66\u9a13\u306e\u7d50\u679c\u3002\u7279\u306b\u975e\u5c0f\u7d30\u80de\u80ba\u304c\u3093\u3001\u8180\u80f1\u304c\u3093\u3067\u3001\u30e1\u30e9\u30ce\u30fc\u30de\u4ee5\u5916\u3067\u3082\u52b9\u304f\u304b\u3002<\/li>\n\n\n\n<li>\u898f\u5236\u5f53\u5c40\uff08\u627f\u8a8d\u5be9\u67fb\u3092\u884c\u3046\u5f53\u5c40\uff09\u3068\u306e\u624b\u7d9a\u304d\u306e\u6642\u9593\u8ef8\u3002\u627f\u8a8d\u306b\u5411\u3051\u305f\u5354\u8b70\u3092\u65e9\u304f\u9032\u3081\u3089\u308c\u308b\u304b\u3002<\/li>\n\n\n\n<li>\u30e2\u30c7\u30eb\u30ca\u306e\u8ca1\u52d9\u3002\u4eca\u56de\u306e\u682a\u4fa1\u518d\u8a55\u4fa1\u3092\u53d7\u3051\u3001\u3088\u308a\u6709\u5229\u306a\u6761\u4ef6\u3067\u8cc7\u91d1\u8abf\u9054\u3067\u304d\u308b\u304b\u3002<\/li>\n\n\n\n<li>\u4eca\u5f8c\u306e\u30d0\u30a4\u30aa\u3068\u88fd\u85ac\u306e\u63d0\u643a\u3002\u9769\u65b0\u5074\uff08\u30d0\u30a4\u30aa\u4f01\u696d\uff09\u306e\u4ea4\u6e09\u529b\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u304b\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">1\u3064\u306e\u6750\u6599\u3067\u3082\u3001\u524d\u63d0\u6761\u4ef6\u304c\u9055\u3048\u3070\u682a\u4fa1\u306e\u52d5\u304d\u306f\u5909\u308f\u308b\u3002\u30e2\u30c7\u30eb\u30ca\u306f\u6cbb\u9a13\u3084\u627f\u8a8d\u95a2\u9023\u30cb\u30e5\u30fc\u30b9\u3067\u5927\u304d\u304f\u52d5\u304d\u3084\u3059\u304f\u3001\u305d\u306e\u9593\u306f\u8edf\u8abf\u306b\u306a\u308a\u3084\u3059\u3044\u3002\u30e1\u30eb\u30af\u306f\u3059\u3067\u306b\u5de8\u984d\u53ce\u76ca\u3092\u751f\u3080\u4e8b\u696d\u57fa\u76e4\u306b\u540c\u3058\u30c6\u30fc\u30de\u3092\u7d44\u307f\u8fbc\u3081\u308b\u305f\u3081\u3001\u4e0a\u4e0b\u306e\u5024\u52d5\u304d\u304c\u76f8\u5bfe\u7684\u306b\u5c0f\u3055\u3044\u50be\u5411\u304c\u3042\u308b\u3002<\/p>\n\n\n\n<details class=\"wp-block-details is-layout-flow wp-block-details-is-layout-flow\"><summary>Tap for Trader&#8217;s Takeaway<\/summary>\n<p class=\"wp-block-paragraph\"><br><strong>\u30e2\u30c7\u30eb\u30ca\u3068\u30e1\u30eb\u30af\u306e\u304c\u3093\u30ef\u30af\u30c1\u30f3\u63d0\u643a\u3068\u306f\uff1f<\/strong> <br>\u30e2\u30c7\u30eb\u30ca\u304c\u500b\u5225\u5316mRNA\u304c\u3093\u6cbb\u7642\u3092\u958b\u767a\u3057\u3001\u30e1\u30eb\u30af\u304c\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u3068\u8ca9\u58f2\u30fb\u5f53\u5c40\u5bfe\u5fdc\u306e\u7d4c\u9a13\u3092\u63d0\u4f9b\u3059\u308b\u3002\u30e2\u30c7\u30eb\u30ca\u306e\u6280\u8853\u3068\u30e1\u30eb\u30af\u306e\u304c\u3093\u9818\u57df\u306e\u4e8b\u696d\u529b\u3092\u7d44\u307f\u5408\u308f\u305b\u308b\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u306a\u305c\u30e2\u30c7\u30eb\u30ca\u682a\u306f\u6cbb\u9a13\u7d50\u679c\u3067\u4e0a\u6607\u3057\u305f\u306e\u304b\uff1f<\/strong> <br>\u500b\u5225\u5316mRNA\u304c\u3093\u6cbb\u7642\u304c\u7b2c3\u76f8\u3067\u524d\u5411\u304d\u306a\u7d50\u679c\u3068\u306a\u308a\u3001\u304c\u3093\u958b\u767a\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306e\u5c06\u6765\u4fa1\u5024\u304c\u9ad8\u307e\u308b\u3068\u306e\u671f\u5f85\u304c\u5f37\u307e\u3063\u305f\u305f\u3081\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u306a\u305c\u30e1\u30eb\u30af\u682a\u3082\u6069\u6075\u3092\u53d7\u3051\u305f\u306e\u304b\uff1f<\/strong> <br>\u30a4\u30f3\u30c6\u30a3\u30b9\u30e1\u30e9\u30f3\u304c\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u306e\u58f2\u4e0a\u57fa\u76e4\u3092\u88dc\u5f37\u3057\u3001\u5c06\u6765\u306e\u53ce\u76ca\u3092\u652f\u3048\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u898b\u3089\u308c\u305f\u305f\u3081\u3002<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u540c\u3058\u6210\u679c\u3067\u3082\u53cd\u5fdc\u304c\u9055\u3063\u305f\u7406\u7531\u306f\uff1f<\/strong> <br>\u30e2\u30c7\u30eb\u30ca\u306f\u5c06\u6765\u306e\u6280\u8853\u57fa\u76e4\u306e\u4fa1\u5024\u304c\u4e2d\u5fc3\u3067\u4e0d\u78ba\u5b9f\u6027\u304c\u5927\u304d\u3044\u3002\u4e00\u65b9\u30e1\u30eb\u30af\u306f\u3001\u65e2\u5b58\u306e\u304c\u3093\u4e8b\u696d\u3067\u53ce\u76ca\u5316\u306e\u9053\u7b4b\u304c\u898b\u3048\u3084\u3059\u3044\u3002<\/p>\n<\/details>\n\n\n\n\n<p class=\"wp-block-paragraph\"><b>\u4eca\u3059\u3050\u53d6\u5f15\u3092\u59cb\u3081\u307e\u3057\u3087\u3046 \u2014 VT Markets\u306e\u30ea\u30a2\u30eb\u53e3\u5ea7\u3092\u958b\u8a2d\u3059\u308b\u306b\u306f<a href=\"https:\/\/www.vtmarkets.com\/jp-asia\/trade-now\/?utm_source=Opinion\">\u3053\u3061\u3089<\/a>\u3092\u30af\u30ea\u30c3\u30af\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>\u9a5a\u304d\u306e\u7b2c3\u76f8\u6210\u529f\u3082\u682a\u4fa1\u660e\u6697\u3002\u30e2\u30c7\u30eb\u30ca\u500b\u5225\u5316mRNA\u304c\u3093\u6cbb\u7642\u3067\u6025\u9a30\u5f8c\u6025\u843d\u3001\u53ce\u76ca\u5316\u4e0d\u900f\u660e\u3002\u30e1\u30eb\u30af\u306f\u30ad\u30a4\u30c8\u30eb\u30fc\u30c0\u5ef6\u547d\u671f\u5f85\u3067\u5805\u8abf\u3002\u8ab2\u984c\u306f\u88fd\u9020\u30fb\u511f\u9084\u3001\u6ce8\u76ee\u306f\u8ffd\u52a0\u30c7\u30fc\u30bf\u3068\u627f\u8a8d\u3002<\/p>\n","protected":false},"author":91,"featured_media":52942,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-52943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- 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