U.S. stock indexes fell more than 1 percent on Monday, dragged by concerns about the impact of tighter COVID-19 curbs on the global economy, and a potentially devastating setback to President Joe Biden’s investment bill. Surging global infections of the Omicron coronavirus variant have sparked worries in financial markets as many European nations and Britain…
Wall Street Falls as Omicron’s Spread Stokes Fears of Tighter Curbs
World Economic Forum in Davos Canceled Over Omicron Jitters
Organizers of the World Economic Forum (WEF) said on Dec. 20 that the annual event in Davos, Switzerland, has been postponed until mid-2022 due to ongoing uncertainty over the spread of Omicron. The annual meeting, which was set to take place in late January 2022, has been deferred to early summer, according to Adrian Monck, WEF…
Moderna Says Its Existing COVID-19 Booster Appears Protective Against Omicron
December 20, 2021
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Moderna said on Dec. 20 that its existing COVID-19 vaccine booster shot sharply increased Omicron neutralizing antibody levels in laboratory testing, with the drugmaker adding that it continues to work on an Omicron-specific booster. The company said in a statement that its currently authorized 50 microgram dose booster of its mRNA-1273 vaccine increased Omicron neutralizing…
Omicron Worries Spur 2 Percent Slide in European Stocks
European stocks fell more than 2 percent on Monday amid a global sell-off in equities, with investors fretting over the spectre of tighter pandemic curbs hitting the global economy as cases of the Omicron COVID-19 variant surge. The pan-European STOXX 600 was down 2.2 percent, falling to its lowest in more than two weeks. Travel,…
Global Stocks Fall on Virus Concern, Tighter Fed Policy
BEIJING—Global stock markets and Wall Street futures tumbled Monday amid concern about the latest coronavirus variant and tighter Federal Reserve policy. London and Frankfurt opened sharply lower. Shanghai, Tokyo, and Hong Kong also fell at the start of a trading week that will be shortened by Christmas. Benchmark U.S. oil fell by more than $3…
Omicron Forces Wave of Closures Nationwide as White House Warns ‘Winter of Death’ Coming
The Omicron COVID-19 variant has sparked a wave of closures nationwide in recent days, including schools and businesses, as the White House claimed that individuals who are unvaccinated will face “a winter of severe illness and death.” “For the unvaccinated, you’re looking at a winter of severe illness and death for yourselves, your families, and…
Germany to Tighten Restrictions on Travelers From UK
Germany is tightening restrictions on travel from the UK in an attempt to curb the spread of the Omicron COVID-19 variant, the country’s public health authority has said. From midnight on Sunday—or 11pm UK time—carriers such as airlines are banned from transporting British tourists to Germany. Only German citizens and residents, their partners and children,…
Netherlands Imposes Strict COVID-19 Lockdown ‘Again,’ Citing Omicron Spread
LONDON—Officials moved to reimpose tougher measures in various European nations, citing a new wave of COVID-19 infections spurred by the Omicron variant, with the Netherlands imposing a nationwide lockdown. All non-essential stores, bars and restaurants in the Netherlands will be closed until Jan. 14 starting Sunday, caretaker Prime Minister Mark Rutte said at a hastily…
Omicron Coronavirus Cases Surge in UK, Scientists See Bigger Wave
LONDON—Britain reported a surge in cases of the Omicron coronavirus variant on Saturday, which government advisers said could be just the tip of the iceberg, and London’s mayor declared a “major incident” to help the city’s hospitals cope. The number of Omicron cases recorded across the country hit almost 25,000 as of 1800 GMT on…
UK’s Omicron-Related Deaths Rise to 7 as London Mayor Declares ‘Major Incident’
Six more people have died in England with the Omicron variant of the CCP (Chinese Communist Party) virus on Friday, according to the UK’s Health Security Agency (UKHSA). It comes as London Mayor Sadiq Khan declared a “major incident” on Saturday, saying the surge of Omicron cases in the capital was “hugely concerning.” In UKHSA’s Omicron daily…
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