The newly emerged omicron coronavirus variant sent shockwaves through U.S. stock markets last Friday. Omicron has the world on edge because of its unique combination of mutations that might significantly reduce the effectiveness of first-generation COVID-19 vaccines. While there simply isn't enough data to draw any firm conclusions about the seriousness of the omicron variant yet, politicians across the world were quick to react by imposing travel bans and restrictions on several African nations over the weekend.
CAMBRIDGE, Mass., November 26, 2021--Moderna Announces Strategy to Address Omicron (B.1.1.529) SARS-CoV-2 Variant
Investors sought shelter in the COVID-19 vaccine maker's shares.