December 21 (Tuesday)

YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.

Markets
Dow Falls 1.2% on New Covid-19 Curbs | W
Stocks slide to start the week as omicron fears intensify, Dow falls 430 points | C
U.S. Sets 55-Mile-a-Gallon Fuel-Efficiency Standard for 2026 Models | W
 
US
With Biden spending plan blocked, economists lower 2022 growth forecasts | R
Schumer Plans Build Back Better Vote Next Year | W
Opinion | What Economists Think About Immigration Doesn’t Really Matter | N

Industries & companies
Autos: Electric vehicle stocks tumble after Manchin rejects Biden’s climate and social plan | C
Media: ‘Spider-Man: No Way Home’ had second-highest domestic box office opening | C
Pharma: Biogen Cuts Price for Alzheimer’s Drug Aduhelm by Half | W

Geopolitics & trade
The U.S. Pursued Professors Working With China. Cases Are Faltering. | W
China’s Growing Access to Global Shipping Data Worries U.S. | W

Virus
Omicron Variant Accounts for 73% of U.S. Covid-19 Cases, CDC Says | W
Davos Economic Forum Is Postponed as Omicron Leads to Further Cancellations, Travel Bans | W
Moderna Says Covid-19 Booster Dose Works Against Omicron Variant in Lab Tests | W
Behind a New Pill to Treat Covid: A Husband-and-Wife Team and a Hunch | W

Corporate finance
Oracle’s Larry Ellison Targets the Health Cloud With $28.3 Billion Bid for Cerner | W

Crypto
The New Get-Rich-Faster Job in Silicon Valley: Crypto Start-Ups | N

Beyond markets
We’re Cursing More. Blame the #%$ Pandemic. | W