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Week Ahead: Transitory no more
Financial markets suffered another bout of uncertainty as a new variant of the SARS-CoV-2, called Omicron, wreaked havoc. The variant is surrounded by a lot of uncertainty, but its quick spread in South Africa has raised fears that it could be the most dangerous variant yet. This week, comments from Moderna’s CEO that current vaccines were likely to be materially less effective against the Omicron caused worries, while the head of BioNTech suggested that the fully vaccinated still enjoyed high protection against a severe disease from the new strain. Another crucial question is how severe a form of COVID-19 the new ... (full story)
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