As Omicron threat looms, Delta Variant pushes Covid-19 cases higher

Covid-19 cases are on the rise, filling hospitals after the Thanksgiving holiday in places like New York State, New England and the Midwest, fueled largely by the still-dominant Delta strain. As holidays cause artificial declines in reporting of Covid-19 data in the state — followed by a catch up that could boost numbers — the … Read more

Cathie Wood’s ARK Innovation ETF Sinks During Selloff

A broad sell-off in tech stocks is penalizing fund manager Cathie Wood’s flagship ARK Innovation exchange-traded fund. The popular ETF, which goes by the ticker ARKK and focuses on high-growth, “disruptive” companies, fell 5.5% on Friday, while technology stocks fell sharply. Concerns about inflation and the potential economic impact of the novel Omicron variant of … Read more

Traders see the next US CPI reading close to 7% as volatile markets try to shake off omicron and the aggressive hub of the Federal Reserve

Financial markets, still on a roller coaster ride given the unknown impact of the coronavirus omicron variant and the aggressive turn of the Federal Reserve, may be in for another surprise when the next US consumer price index report is released Friday. Traders in derivative-type instruments known as “fixings” are betting that the nominal year-over-year … Read more

A new study finds that most COVID-19 boosters boost immunity, even though there’s no winning shot

The first study directly comparing COVID-19 boosters found that most injections improved immune responses in fully vaccinated people, but there’s no clear “winner” to help make a decision. “In terms of a ‘best’ booster, there is no definitive winner, but there are some losers,” analysts from SVB Leerink told investors on Friday. The study, published … Read more

Omicron Variant Notifies Businesses During the Holiday Season

Concerns over a new Covid-19 variant are prompting some US companies to double down on vaccine mandates and rethink organizing holiday festivities this month, while many others are taking a wait and see approach as they look to government agencies for more guidance. Since the discovery of the Omicron coronavirus variant was announced last week, … Read more

Lilly’s Covid-19 Antibody Treatment Approved for Use in Children

The monoclonal antibody drug from Eli Lilly & Co. is approved for emergency use in children under 12, the Food and Drug Administration said Friday. The approval is the first for an antibody drug to treat young children, including newborns, who have tested positive for Covid-19 or have been exposed to the virus and who … Read more

Lilly’s Covid-19 Antibody Treatment Approved for Use in Children

The monoclonal antibody drug from Eli Lilly & Co. is approved for emergency use in children under 12, the Food and Drug Administration said Friday. The approval is the first for an antibody drug to treat young children, including newborns, who have tested positive for Covid-19 or have been exposed to the virus and who … Read more

The huge promise of mRNA technology

Are Covid-19 Vaccines a Failure? That is the view in some media circles amid breakthrough infections and new virus variants. It’s also false. Vaccinated people are more susceptible to mild infections than public health authorities initially expected. But the injections continue to provide strong protection against serious diseases, and in particular the mRNA vaccines – … Read more

What scares the stock market more than Covid? The Federal Reserve.

Font size Omicron was bad enough, but then Fed Chair Jerome Powell had to recognize that inflation isn’t transitory Spencer Platt/Getty Images Can we get a correction now? We had hoped for something better, like a year-end melt-up. But after watching the stock market tumble over the past week following a Black Friday collapse – … Read more

What scares the stock market more than Covid? The Federal Reserve.

Font size Omicron was bad enough, but then Fed Chair Jerome Powell had to recognize that inflation isn’t transitory Spencer Platt/Getty Images Can we get a correction now? We had hoped for something better, like a year-end melt-up. But after watching the stock market tumble over the past week following a Black Friday collapse – … Read more