Magical Trade
Monday, June 27, 2022
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

Moderna CEO says it will take months to clear a new Covid vaccine targeting omicron

by
November 29, 2021
in Trade News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Hong Kong’s Hang Seng up 2% as Asia-Pacific markets rise

Man in custody after Rudy Giuliani was ‘slapped’ in the back, police say

Doctor Immanuel Hardtmann holds a syringe with the vaccine Moderna in a temporary vaccination center inside the Excursion boat Alexander von Humboldt on the first day of the #HierWirdGeimpft (Get Vaccinated Here) Covid-19 vaccination campaign on September 13, 2021 in Berlin, Germany.

Carsten Koall | Getty Images News | Getty Images

Moderna CEO Stephane Bancel on Monday said it will take months to develop and ship a vaccine that specifically targets the omicron variant of the virus that causes Covid-19.

However, a higher 100-microgram dose of the company’s booster shot could be ready much sooner.

“The higher dose could be done right away but it will be months before the omicron specific variant is ready to ship in massive quantities,” Bancel told CNBC’s “Squawk Box.”

Bancel said Moderna believes the omicron variant is highly infectious, but it will take at least two weeks determine how much the mutations have impacted the efficacy of the vaccines currently on the market.

“Depending on how much it dropped, we might decide on the one hand to give a higher dose of the current vaccine around the world to protect people, maybe people at very high risk, the immunocomprised, and the elderly should need a fourth dose” he said.

The World Health Organization, in a technical paper published Sunday, said omicron has more than 30 mutations on the spike protein that binds to human cells. These mutations are associated with higher transmission and potentially reduced antibody protection, according to the paper.

Omicron was first identified in South Africa’s Gauteng province where Johannesburg is located. Bancel warned that the variant is spreading globally already. He pointed to flights that arrived in AmAmsterdam from South Africa on Friday in which 61 of 624 passengers tested positive for Covid. At least 13 of them are infected with the omicron strain as health authorities continue to sequence the samples, according to the Dutch National Institute for Public Health.

“We also believe it is already present in most countries,” Bancel said. “I believe most countries that have direct flights from South Africa in the last seven to 10 days already have cases in their country that they may not be aware of.”

The U.S. has banned entry to non-citizens who have traveled in South Africa and seven other nations in the region in the past 14 days. The United Kingdom and the European Union have implemented similar travel restrictions.

The variant has spooked global markets, with the Dow Jones Industrial Average dropping 905 points on Friday or 2.53%, it’s worst day of the year.

This is a developing story. Please check back for updates.

ShareTweetPin

Related Posts

Hong Kong’s Hang Seng up 2% as Asia-Pacific markets rise

by
June 27, 2022
0

A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on...

Man in custody after Rudy Giuliani was ‘slapped’ in the back, police say

by
June 27, 2022
0

A man was taken into custody Sunday after he was alleged to have slapped former New York Mayor Rudy Giuliani...

Fund manager names one trend that will ‘affect all industries’ — and reveals how he’s trading it

by
June 27, 2022
0

For decades, globalization has been an established part of the global economic system, but fund manager Dan Katz believes its...

These global stocks look oversold — and analysts are expecting a rebound

by
June 27, 2022
0

Market watchers have been reluctant to call the bottom on the sell-off in global stocks this year, but some assets...

Asia-Pacific markets gain as investors monitor recession fears

by
June 27, 2022
0

A man walks past the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on...

Next Post

NAR: Pending Home Sales Increased 7.5% in October

Moves to Make Now to Cut This Year’s Tax Bill

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • ‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds

    0 shares
    Share 0 Tweet 0
  • These are the global stocks to own if stagflation hits, according to Credit Suisse

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net