$49.06
+3.42 (+7.49%)
At Close: Jun 03, 2026
TransitoRIP: "In Just A Few Days, The Market Was Treated With Two Big Shocks"
03:45pm, Wednesday, 01'st Dec 2021 Zero Hedge
TransitoRIP: "In Just A Few Days, The Market Was Treated With Two Big Shocks" By Michael Every of Rabobank TransitoRIP In a matter of just a few days, the market has been treated with two big shocks . Last Friday, it was the omicron scare that got markets re-pricing the risks of more restrictions and hence a slowdown for the global economy. But yesterday it was Fed Chair Powell, who added fuel to the fire. In a testimony before the Senate Banking Committee he pledged to bury the term transitory and instead recommends Fed policy makers to consider explaining more clearly what the Fed thinks/means when it is talking about inflation. Or was Powell running out of dollar bills to put in the Atlanta Feds swear jar ? We wonder if Powell now still owes Bostic a dollar for using the word while retiring it. More importantly , a lot of folks will now surely be looking forward to know what the Fed really thinks ! For example, did Powell mean to say that the effects of the temporary price rises will remain and not fade after a while?
What vaccine makers are saying on protection against Omicron variant
02:35pm, Wednesday, 01'st Dec 2021 The Siasat Daily
London: With Omicron raising concerns about Covid vaccines efficacy, drugmakers are stress-testing existing jabs while also racing to prepare new formulas, according to media reports. All major drug makers including Pfizer, Moderna, Johnson and Johnson, and AstraZeneca have said that they are working to quickly investigate and adapt their shots to a new and highly Get the latest updates in Hyderabad City News , Technology , Entertainment , Sports , Politics and Top Stories on WhatsApp & Telegram by subscribing to our channels. You can also download our app for Android and iOS .
Pfizer-BioNtech and Moderna COVID-19 mRNA vaccines defined as biohazards can cause major diseases
02:04pm, Wednesday, 01'st Dec 2021 PRESS Core
Two COVID-19 vaccines contain dangerous biohazards. Both the Pfizer-BioNtech and Moderna COVID-19 mRNA vaccines contain nanoparticles. Nanoparticle exposure is associated with a host of adverse pulmonary, immunological, cardiovascular, neurological, and carcinogenic effects. hazardous materials: infectious agents or hazardous biologic materials that present a risk or potential risk to the health of humans, animals, or the environment. []
Futures Surge After Powell-Driven Rout Proves To Be "Transitory"
12:47pm, Wednesday, 01'st Dec 2021 Zero Hedge
Futures Surge After Powell-Driven Rout Proves To Be "Transitory" Heading into yesterday''s painful close to one of the ugliest months since March 2020, which saw a huge forced liquidation rebalance with more than $8 billion in Market on Close orders, we said that while we are seeing "forced selling dump into the close today" this would be followed by "forced Dec 1 buying frontrunning after the close." Forced selling dump into the close today. Forced Dec 1 buying frontrunning after the close zerohedge (@zerohedge) November 30, 2021 And just as expected, despite yesterday''s dramatic hawkish pivot by Powell, who said it was time to retire the word transitory in describing the inflation outlook (the same word the Fed used hundreds of times earlier in 2021 sparking relentless mockery from this website for being clueless as usual) while also saying the U.S. central bank would consider bringing forward plans for tapering its bond buying program at its next meeting in two weeks, the frontrunning of new monthly inflows is in full force with S&P futures rising over 1.2%, Nasdaq futures up 1.3%, and Dow futures up 0.9%, recovering almost all of Tuesdays decline.
Is Moderna Stock A Good Bet Against The New Omicron Covid-19 Strain?
12:41pm, Wednesday, 01'st Dec 2021 FXNews24
Covid-19 vaccine stocks have come back into focus, after a concerning new strain of the novel coronavirus that was first identified in southern Africa has been highlighted as a variant of concern by the World Health Organization. The variant, dubbed Omicron, apparently has many more mutations and is apparently more transmissible than the Delta variant [] The post Is Moderna Stock A Good Bet Against The New Omicron Covid-19 Strain? appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .
Omicron variant fears give gold huge momentum
11:35am, Wednesday, 01'st Dec 2021 The Gold Safe
There is much we dont yet know about the latest Covid-19 variant, Omicron but one thing is now clear; its a strong propellant for gold and pushed the precious metal above £1,351 ($1,800) in trading yesterday (Tuesday). At its high, gold hovered around £1,359 ($1,811) in reaction to news that the head of Moderna had [] The post Omicron variant fears give gold huge momentum appeared first on The Gold Safe .
The Center for Disease Control and Prevention Approves Moderna Inc (NASDAQ: MRNA) and Pfizer Inc. (NYSE: PFE) COVID-19 Boosters
11:07am, Wednesday, 01'st Dec 2021 Wall Street PR
An independent committee that advises the Center for Disease Control and Prevention (CDC) agreed to recommend Moderna Inc (NASDAQ: MRNA) and Pfizer Inc. (NYSE: PFE) COVID-19 boosters for people aged 18 and above. They said that healthcare workers could give the booster six months after the second dose. Dr. Rochelle Walensky made the recommendation official [] The post The Center for Disease Control and Prevention Approves Moderna Inc (NASDAQ: MRNA) and Pfizer Inc. (NYSE: PFE) COVID-19 Boosters appeared first on Wall Street PR .
Kiromic BioPharma (NASDAQ:KRBP) versus Moderna (NASDAQ:MRNA) Head-To-Head Survey
10:44am, Wednesday, 01'st Dec 2021 Transcript Daily
Kiromic BioPharma (NASDAQ:KRBP) and Moderna (NASDAQ:MRNA) are both medical companies, but which is the superior investment? We will contrast the two businesses based on the strength of their earnings, profitability, analyst recommendations, valuation, institutional ownership, dividends and risk. Profitability This table compares Kiromic BioPharma and Modernas net margins, return on equity and return on assets. []
Moderna CEOs comments on effectiveness of vaccines against Omicron raise fresh worries
09:30am, Wednesday, 01'st Dec 2021 The Indian ExpressAsian markets rise, oil rallies
09:17am, Wednesday, 01'st Dec 2021 News Pakistan
HONG KONG: Asian markets mostly rose Wednesday while oil prices bounced as traders assessed the outlook for the global economy after top drugs makers offered differing opinions on their vaccines efficacy against Omicron and the Federal Reserve took a hawkish pivot on monetary policy. A mild recovery from the previous two days steep losses was turned on its head in the region on Tuesday after Moderna head Stephane Bancel told the Financial Times that existing vaccines might not be as effective against the new coronavirus strain, owing to its multitude of mutations. But other drugmakers later said it was far too [] The post Asian markets rise, oil rallies first appeared on News Pakistan TV .
US tightens travel rules as more countries secure borders to quell Omicron
08:38am, Wednesday, 01'st Dec 2021 Business Recorder
WASHINGTON/TOKYO: Air travellers to the United States will face tougher COVID-19 testing rules, while more countries tightened their borders amid uncertainty around the virulence of the Omicron variant and its ability to evade vaccine protection. Japan and Hong Kong said they would expand travel curbs, Malaysia temporarily banned travellers from countries deemed at risk, while Australia braced for more cases of the coronavirus variant after at least two people visited several locations in its biggest city while likely infectious. In an attempt to stave off hasty border curbs, the World Health Organization (WHO) urged countries to apply "an evidence-informed and risk-based approach" to travel measures, saying "blanket travel bans will not prevent the international spread, and they place a heavy burden on lives and livelihoods". Investors remained on edge on Wednesday, even as financial markets came off lows plumbed a day earlier following remarks by the CEO of Moderna that raised questions about the efficacy of COVID-19 vaccines against Omicron.
Moderna CEO warns that vaccines may not be effective against Omicron
07:58am, Wednesday, 01'st Dec 2021 The Australian Mercury
Existing vaccines will be much less effective against Omicron and a variant-specific jab could be months away.
The EU Could Approve a Vaccine against Omicron in 3-4 Months
07:48am, Wednesday, 01'st Dec 2021 Novinite
The European drug regulator announced on Tuesday that it would approve vaccines adapted to Covid''s new version, Omicron, within three to four months if necessary, but existing drugs would continue to provide protection, Reuters reported. Speaking to the European Parliament, European Medicines Agency (EMA) Executive Director Emery Cook said it was not known whether drug manufacturers would have to change their vaccines to protect against Omicron, but the EMA was preparing for that possibility. "If there was a need to change existing vaccines, we could be able to approve them within three to four months," she said. "Companies that adapt their wording to include the new sequence () will then have to show that the production system works, then they will have to do some clinical trials to find that it actually works in practice. The EMA clarified in a separate statement that the review will begin when drug manufacturers decide they need to change the vaccine and start working on it. " We expect to receive smaller packages (data) that will reduce the evaluation time," said the EMA, based on the guidelines in force since February for each update of a variant-specific vaccine.
Rand recovers to below R16 mark as markets shrug off the concerns about new Omicron variant
07:03am, Wednesday, 01'st Dec 2021 Independent on Saturday
The rand, on the up, surprised yesterday as it dipped below the R16 mark as the markets shrugged off the latest developments around the Covid-19 Omicron variant and the record unemployment numbers. Statistics South Africa yesterday revealed that the unemployment rate had escalated to 34.9 percent in the three months to September, the highest level since 2008. Stats SA said 660 000 people lost their jobs during the third quarter, with the number of discouraged work seekers dramatically increasing by 545 000. There are more than 7.6 million people of working age who are unemployed in South Africa. Despite this, the rand made a spectacular recovery following a retreat to R16.21 to the dollar earlier in the day as caution lingered in markets after Omicron sent the world in a panic. After starting the day at R16.11 to the dollar, the rand was unfazed by the unemployment reading, strengthening by 0.22 percent to R15.94 to the greenback by 5pm. Meanwhile, the domestic markets also pushed back against the risk off sentiment that spooked international markets after drugmaker Moderna warned about the Omicron variant.
NCOC approves booster shot for health workers, immunocompromised people and those over 50
06:57am, Wednesday, 01'st Dec 2021 Dawn.com
The National Command and Operation Centre (NCOC) on Wednesday approved a booster shot of Covid-19 vaccines for healthcare workers, immunocompromised people and those aged over 50 years, while discussing the spread of the new coronavirus variant Omicron across the world. Although the statement issued by the NCOC did not say which Covid-19 vaccine would be administered as booster shots, it did say that the shots would be free and administered six months after the last vaccine dose. During its meeting today, the forum discussed epidemic curve chart data for Pakistan, the national vaccine strategy and disease prevalence across the country. It also discussed cities'' progress in vaccinating their residents against Covid-19. The forum stressed that the Omicron variant was spreading fast globally and the only protection against it was vaccination. Subsequently, the NCOC decided to take strict measures to enforce the "obligatory vaccination regime" from December 1 (today) and directed the provinces and authorities to adopt a zero-tolerance policy regarding its implementation.
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