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Moderna boss says vaccine effectiveness ‘likely drops’ against new Omicron strain

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The CEO of pharmaceutical giant Moderna says the effectiveness of the current coronavirus vaccines likely drops when it comes to fighting the new strain Omicron

The news comes as the boss of Pfizer says the medical giant will be able to produce an updated version of the vaccine within 100 days.

The new COVID variant that was first discovered in South Africa has scientists and officials around the world back on edge. Now deemed a “variant of concern” by the World Health Organization (WHO), the Omicron variant could potentially spread more easily than Delta—and that’s not the only worry.

Some virus experts have also warned that this new variant could be more likely to evade the body’s immune response from both vaccination and natural infection than previous COVID variants due to a record number of mutations.

Omicron has not yet been reported in the U.S., and it’s still unclear how vaccine resistant it will be, but vaccine manufacturers are already getting ready to battle the variant.

This is a developing story – more to come.

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Money

ASX positioned for strong start after positive stock rebound

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The ASX is set for a solid opening today, bolstered by overnight gains in the banking, commodities, and energy sectors.

Despite these positive movements, analysts are suggesting that the stock rebound and bond decline appear to be technically driven, noting that it may not mark the beginning of a longer-term trend.

Market analyst David Scutt from StoneX joins to discuss the latest market movements. #featured #trending

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News

Apple’s iPhone 16 event puts AI back into the spotlight

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Apple has unveiled its long-awaited artificial intelligence-boosted iPhone 16 and promised improvements in its Siri personal assistant.

Apple CEO Tim Cook emphasised the company’s commitment to innovation, aiming to redefine the future of consumer technology with seamless AI integration. #featured #trending #hotshots #hot shots

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Leaders

Philadelphia prepares for the first debate between Harris & Trump

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Philadelphia is bracing for a pivotal political showdown as it prepares to host the highly anticipated debate between Vice President Kamala Harris and former President Donald Trump.

The debate is seen as a critical moment in shaping public opinion ahead of the upcoming elections, drawing intense media coverage and public interest. #featured #trending

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