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The other problem with the cancellation: Budgets are likely already set, personnel hired, and roadmaps planned based on the expectation of secured funding and secured funding _sources_. Funding doesn't just mean cash being deposited, it usually on this level is additionally knowledge funding and sharing between organizations.
Cancelling funding, like this, also reduces input from the funder, the knowledge share, and expectations.
Now, you will have legions of [1]technicians, scientists, researchers, testers, legal, business, marketing, safety, regulation experts, engineers, hiring, and even HR,[/1] that are going to have to rework likely _months_ of planning and expectations.
One side is that now everything is in chaos and there are a lot of people that were part of this without a roadmap forward. Second side is that now you have a authority or expectations vacuum based on uncertainty and now there will be an internal 'war' between ideological camps and ideas on how to move forward, meaning loss of internal communication. The third part? Now, you have legions of *[^1] who are exhausted and feel like their time has been wasted and now are just frustrated.
This isn't even discussing that multi-year budgets and quotas have been set, and now to supplement the funding and knowledge drop, they will have to pull from other areas, causing a cascading effect.
Although this will be interpreted on the left as a partisan move (with the administration lying under duress or something), it's likely that they're telling the truth about why it was cancelled. Trump after all was a big supporter of the Moderna vaccines. But mRNA tech just doesn't work when normal safety standards are re-imposed. I wrote about the problem here a couple of weeks ago:
https://news.ycombinator.com/item?id=44003338
It's easy to forget that the COVID vaccines were an emergency measure. The way they were judged wasn't how pharma products are normally judged.
It looks like Moderna have enough capital available to meet their obligations for a while, but they do appear to be burning through it.