Stocks sink on new COVID variant; Dow Jones loses 890 points | AP News

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Stocks are opening sharply lower on Wall Street after a fast-spreading coronavirus variant was found in South Africa and the European Union proposed suspending air travel from southern Africa.

from southern Africa. Meanwhile cases of the variant were found in Hong Kong, Belgium and Tel Aviv as well as major South African cities like Johannesburg.

There have been other variants of the coronavirus before — the delta variant devastated much of the US throughout the summer — but early data on this variant appears to show it’s more easily transmissible than other variants. Shares in the coronavirus vaccine manufacturers were among the biggest gainers as well. Pfizer shares rose nearly 7% while Modern shares jumped more than 22%.

 

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Those who benefit due to Pandemic should be charged more taxation. I loathe and despise anyone who benefits from human misery.

I am waiting for the headlines how the Biden Administration has caused this latest health threat. Trump will come up with something.

We were told…

Nu Nu

Yet Fauci says we don’t have enough data to restrict travel. See the discrepancy in messaging vs action? Fauci says we must do everything we can to protect people, and doesn’t restrict travel to SA. What a buffoon. Better to restrict early than late.

Just keep in mind that the market is not a reflection on the general economy, just on the wealth of the wealthy.

Wondering if VaccineEquity could have helped us avoid this?

This strand is going to be worse than Delta. The reactions from the medical community are a clear indicator of that.

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 /  🏆 728. in JP

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