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Is the new Omicron variant really a ’cause of concern, not panic’?

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US President Joe Biden has warned Americans that it’s inevitable the Omicron variant will be in the country “at some point”… but the new variant is a cause for concern, not panic

Biden reassured residents, saying “we have the best vaccine in the world, the best medicines, the best scientists, and we’re learning more every single day”.

The President also pledged to fight this variant “with scientific and knowledgeable actions and speed, not chaos and confusion.”

Leaders around the world are acting swiftly to stop the spread of this new variant… as Japan shuts its borders to foreigners and the U-K will offer booster shots to all over 18s after 11 cases were detected.

In New York, City officials are now highly recommending residents wear masks while indoors in public places, regardless of vaccination status.

This comes as Pfizer’s CEO says he thinks his company’s vaccine will work, but it may offer far less protection.

Pfizer has also begun the development process for a modified vaccine and says it will be developed in less than 100 days if required.

The CEO noted that his company has already done this twice for both the Delta and Beta variants, both of which didn’t need to be used.

South Africa has also been praised for its transparency around the new strain, with a WHO spokesperson saying the country shouldn’t be reprimanded with travel bans.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Boeing’s bad luck continues following Starliner malfunction

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Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

 

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Is Russia planning a sabotage across Europe?

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Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.

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