COVID-19 vaccine effectiveness will likely drop against omicron variant, Moderna CEO says
Stéphane Bancel, the CEO of Moderna, said in an interview published Tuesday that current vaccines for COVID-19 will likely be much less effective against the new omicron variant.
FDA moving to authorize Pfizer-BioNTech booster for 16-, 17-year-olds
The Food and Drug Administration could authorize Covid-19 boosters from Pfizer Inc. PFE -2.96% and BioNTech SE BNTX 4.17% for use in 16- and 17-year olds as soon as next week as concerns rise over a new, possibly more transmissible variant, according to a person familiar with the planning.
Texas man sentenced in PPP loan scheme to more than 9 years in prison
A Texas man who spent government funds intended to help small business owners during the COVID-19 pandemic on luxury cars and other items was sentenced Monday to more than nine years in prison, the Justice Department said.
Kudlow: Call Biden's budget bill the reckless social spending, tax hike, and Green New Deal bill
Larry Kudlow discusses the latest on Biden's social spending bill as Americans worry over the omicron variant
Biden: Strategy for omicron variant is vaccination, not shutdowns
President Biden on Monday said he will be unveiling the details of his administration's plan to tackle the new omicron variant of COVID-19 on Thursday, but clarified that his strategy will not include more lockdowns.
Dow adds 236 points in omicron rebound, Twitter slumps
Stocks rebound from worst selloff of the year as investors assess omicron impact.
Moderna, Pfizer, J&J talk omicron response
As COVID-19's new omicron variant has begun to emerge overseas, vaccine makers Moderna, Pfizer and Johnson & Johnson have outlined their respective strategies to tackle the new strain.
Hospitals prepare to lose staff over COVID-19 vaccine mandate
Some hospitals, nursing homes and other healthcare providers are preparing to operate without up to a third of their staff at the start of next year, if those workers don’t comply with a federal mandate to get vaccinated against Covid-19.
Varney: Omicron is a test of the Biden presidency
FOX Business' Stuart Varney discusses why the omicron variant is an opportunity for the Biden administration.
Omicron variant lockdowns would ‘wreck’ economy, stock market: Steve Moore
Economist Stephen Moore warned of the "catastrophic" impacts that reinstating COVID-19 lockdowns would have on the economy, noting that they are also an ineffective way of reducing the spread of the virus.
Omicron variant: US travel group urges White House to ‘revisit’ reinstatement of country-specific entry bans
An American travel industry group is asking the Biden administration to “revisit the reinstatement of country-specific entry bans in the near term” as the U.S. is tightening its border controls following the emergence of the omicron coronavirus variant.
Stock futures, oil rise as investors weigh omicron variant
Global stocks fell again on Monday while U.S. equity futures rose, as investors mulled the economic implications of a new, highly infectious Covid-19 variant
WHO criticizes travel bans on southern African countries
The World Health Organization on Sunday urged countries around the world not to impose flight bans on southern African nations due to concerns over the new omicron variant.
Markets worried COVID omicron variant will lead to new restrictions, boost inflation: El-Erian
Allianz CEO Mohamed El-Erian on Sunday said the marketplace is worried that the omicron variant will lead to more travel bans and restrictions, along with continued inflation, after stocks tumbled Friday.
Fed’s Bostic weighs Omicron variant and two rate hikes
Atlanta Federal Reserve President Bostic weighs in on the fast-moving Omicron COVID variant and rates hikes in 2022.
Food insecurity rate on Nantucket — Biden's Thanksgiving getaway location — saw 70% increase in 2021: report
The food insecurity rate on Nantucket, Massachusetts — where President Biden celebrated Thanksgiving at a billionaire's mansion — has increased by more than 70% in 2020, according to a local health assessment.
Vaccine mandate legal challenges muddy the waters for employers preparing to implement rules
The deadline for requiring U.S. workers to be vaccinated or tested weekly for COVID-19 is fast approaching, but uncertainty about how legal fights over the mandate will play out has left companies in limbo on how best to prepare.
Omicron COVID-19 variant: Moderna announces strategy for addressing new variant
Moderna has announced its strategy for addressing the new Omicron variant of COVID-19
Wall Street's fear gauge spikes amid fears over new COVID-19 variant
Wall Street's fear gauge spiked on Friday as a new, highly-mutated COVID-19 variant detected in South Africa prompted some countries to reimpose travel bans, reigniting fears that a resurgent virus could derail the global economy's recovery.
Omicron COVID-19 variant: Pfizer, BioNTech say vaccine could be reworked in 100 days to counter strain
Pfizer and BioNTech said Friday that a COVID-19 vaccine could be developed and produced within 100 days to counter a "vaccine-escape" variant like B.1.1.529.