Coronavirus

Markets

Stock futures, oil drop on concerns over new Covid-19 variant

Global equity markets and U.S. stock futures fell after South Africa raised the alarm over a new, fast-spreading strain of the coronavirus, triggering concern about the potential for new travel restrictions or other curbs that could limit economic activity.

Healthcare

Pfizer to offer COVID-19 vaccine for European kids 5-11

The European Union's drug regulator on Thursday authorized Pfizer’s coronavirus vaccine for use on children from 5 to 11 years old, clearing the way for shots to be administered to millions of elementary school pupils amid a new wave of infections sweeping across the continent.

Markets

Supply chain problems show signs of easing

Global supply chain woes are beginning to recede, but shipping, manufacturing and retail executives say that they don’t expect a return to more normal operations until next year and that cargo will continue to be delayed if Covid-19 outbreaks disrupt key distribution hubs.