Global markets fall after Moderna Omicron warning – BBC News

European stock markets have fallen after the boss of Moderna cast doubts on the effectiveness of vaccines against the new Omicron Covid variant.

The Covid variant was first detected in South Africa, and the symptoms have been mild so far.

But travel restrictions have been imposed as a precaution by places including the UK, the EU and the US.

More than half of European destinations saw tourist arrivals decline. The European travel commission warned almost 9,000 travel industry jobs across the EU are at risk if restrictions return.

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  1. Once again, like South Africa… the EU are only bothered about the financial impact of the lack of travel… they do not care about health and safety of people.

    Restrictions are the best tools we have… I’m sorry for the losses to airlines and other hospitality based companies but lives come first

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  3. The discovery of the Omicron coronavirus variant caused the wealth of eight top Pfizer and Moderna shareholders to skyrocket by a combined €9 billion ($10.31 billion) in one week, according to campaigners.

  4. The campaigners from Global Justice Now said pharmaceutical executives are “making a killing from a crisis they helped to create”, with vaccine inequality helping to create the conditions for the Omicron variant to emerge.

  5. Moderna’s shares skyrocketed after the announcement of the variant and settled at $310.61 per share on December 1st, up 13.61 per cent from the previous Wednesday. Pfizer’s shares rose by 7.41 per cent from $50.91 per share to $54.68 per share.

  6. With the value of his shares rising from $6,052,522,978 to $6,876,528,630, he sold off 10,000 shares for $319 each on November 26th, the day after the variant was announced, cashing out $3.19 million

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  8. Typical selfish business group.. willing to throw people under the bus for a quick buck…'STOPPNG THE TRAVEL OF TOURIST FROM OTHER COUNTIES" does in fact work very well…new Zealand and Australia
    Lived normally for over a year wall the rest of the world wore hiding in their homes.and dieing in their millio ns… don't listen to business group's thay only care about $money$ 🤔🇳🇿

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