Within weeks reports Scientists at the Walter Reed Army Institute of Research have developed Spike Ferritin Nanoparticle COVID-19 vaccine, or SpFN, a vaccine that is effective against COVID-19 and all its variants including Omicron. Dr. Kayvon Modjarrad, director of Walter Reed’s infectious diseases branch, made the announcement in an exclusive interview with Defense One. Walter Reed’s infectious diseases branch decided to focus on making a vaccine that would work against not just the existing strain but all of its potential … Continue reading “US Army Walter Reed Scientists Develop Coronavirus Vaccine Effective Against All Variants Including Omicron”
Japan’s economy shrank 0.9% in the third quarter from the previous quarter, at an annualized pace of 3.0%, the Cabinet Office announced on Monday. This was worse than the previous estimate as the Coronavirus and supply shortage had more of a dampening affect than first thought. Japan Q3 GDP (2nd reading) GDP -0.9% q/q vs -0.8% expected GDP y/y -3.6% vs -3.1% expected (first estimate -3.0%) Private consumption -1.3% vs -1.1% prelim External demand 0.0% vs +0.1% prelim Inflation deflator … Continue reading “Soft Consumer Spending Sees Japan’s Q3 GDP Downgraded Further”
The Food and Drug Administration Antimicrobial Drugs Advisory Committee Meeting voted on Tuesday to recommend authorizing the molnupiravir Covid pill from Merck for high-risk adults. It would be the first in a new class of antiviral drugs that could work against a wide range of variants, including Omicron. Molnupiravir has been shown to modestly reduce the risk of hospitalization and death, predominantly from the Delta, Mu and Gamma variants. The expert panel recommended it for Covid patients who are older … Continue reading “F.D.A. Antimicrobial Drugs Panel Endorse Merck’s Covid Pill Molnupiravir For High Risk Adults.”
The new Covid-19 Variant WHO has named Omicron wrecked world markets Friday with South African markets understandably the epicenter. Early PCR test results showed that 90% of 1,100 new cases reported Wednesday in the South African province that includes Johannesburg were caused by the new variant. Many countries have closed their borders to South Africa as a result. Financial Markets Rocked by Omicron The South African rand this week sank 3.4%, increasing 2021 losses to 9.8%. South African 10-year yields … Continue reading “South African Rand and Bonds Roiled By New Covid Variant Omicron”
The new B.1.1.529 variant now known as Omicron has scientists concerned for two primary reasons. The first is epidemiological and rand the speed it is spreading. The second is its highly unusual genetic profile with ‘an unprecedented sampling’ of mutations. There are other genetic changes that have not been seen before, whose significance is as yet unknown. WHO recognized the new Covid strain as a variant of concern Friday. omicron Omicron is the 15th letter of the Greek alphabet Omicron … Continue reading “Omicron’s Unusual Genetic Profile and Speed of Spread Concern Scientists”
The World Health Organization (WHO) recognized the new Covid strain, first referred to as lineage B.1.1.529 and now named omicron, as a variant of concern. WHO said it will take weeks to understand how the variant may affect diagnostics, therapeutics and vaccines. News of the South African variant sent shockwaves throughout financial markets in thin post Thanksgiving Day trade. Oil fell over 10% on the news with fear of economy’s shutting down again. omicron Omicron is the 15th letter of … Continue reading “WHO Names New COVID Variant of Concern ‘Omicron’”
Stock markets and commodities markets sold off hard on Friday due to a new coronavirus variant identified in South Africa. The selling intensified with some countries including the UK, Singapore and Israel curbing travel from South Africa and other neighboring countries. We had seen a dead cat bounce in WTI and Brent after the SPR coordinated release plans. The new COVID-19 variant contains significantly more mutations than others raised concerns of further lockdowns and travel restrictions that could weigh heavily … Continue reading “Oil Futures Collapse Over 13% on South African Variant Risk Asset Selling”
Centre-left SPD and their candidate, Olaf Scholz, secured a narrow win in the German election which saw Angela Merkel’s centre-right CDU party and their candidate, Armin Laschet, plunge to a historic low. Parties will embark on “exploratory talks” to form a government, with a three-way coalition considered the most likely.
The latest Flash PMI data for September from IHS Markit shows the fourth successive monthly slowing of business activity. At the same time goods and services inflation is rising at the fastest rate in at least 22 years. The Bank of England is rightly concerned on scaling back its pandemic stimulus.
Australia’s Markit preliminary PMIs for September saw Manufacturing at 57.3 (prior 52.0) and Services off a 14-month low to 44.9 (prior 42.9) as continued lockdowns aimed to bring the COVID-19 situation under control dampened business conditions.