30/11/2021
Moderna Chief warns COVID-19 vaccines less effective against Omicron, markets collapse
Stephane Bancel's remarks spurred worries that vaccine resistance could result to severe sickness and hospitalisations, prolonging the pandemic.
Crude oil futures shed more than a dollar, the Australian currency plunged a year low, and Nikkei gave up its gains as Bancel's remarks spurred worries that vaccine resistance could result to severe sickness and hospitalisations, prolonging the pandemic
Drug manufacturer Moderna sparked fresh concerns in financial markets on Tuesday after the company's chief Stephane Bancel warned that the existing COVID-19 vaccines are unlikely to be as effective against the Omicron strain as they have been against the Delta variant, reports
There is no world, I think, where (the effectiveness) is the same level . . . we had with Delta," Moderna CEO Bancel told the Financial Times in an interview.
