Health officials say the delta variant of the coronavirus continues to surge and accounts for an estimated 83% of U.S. COVID-19 cases.
That’s a dramatic increase from the week of July 3, when the variant accounted for about 50% of genetically sequenced coronavirus cases.
“The best way to prevent the spread of COVID-19 variants is to prevent the spread of disease, and vaccination is the most powerful tool we have,” said Dr. Rochelle Walensky, director if the Centers for Disease Control and Prevention, during a U.S. Senate hearing Tuesday.
The delta variant is a mutated coronavirus that spreads more easily than other versions. It was first detected in India but now has been identified around the world.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Bond yields fell to more record lows as investors continue to demand safety and unload stocks. The yield on the 10-year Treasury note sank as low as 0.66% as investors worried that economic damage from the spreading virus outbreak will be worse than previously thought.
Dr. William Schaffner of Vanderbilt University said taking steps like sanitizing the subway system "may play a small role in mitigating the transmission of this virus, but it signals to people that we ought to be functioning as we can and doing the things we can do."
Stocks are falling sharply again in midday trading on Wall Street, and bond yields are sinking to more record lows on worries about the economic damage coming from the spreading coronavirus outbreak.
These are the headlines you Need 2 Know for Friday, March 6, 2020.
Stocks and bond yields fell sharply Thursday as fears about fallout from the virus outbreak sent more shudders through markets.
The Senate has passed an $8.3 billion measure to help tackle the coronavirus outbreak in hopes of reassuring a fearful public and accelerating the government's response.
Danone's Horizon Organic, the largest organic dairy brand in the world, is committing to becoming carbon positive by 2025. Its goal is to become the first national dairy brand to be carbon positive across its full supply chain.
Scrambling to keep the coronavirus at bay, officials have ordered a cruise ship to hold off the California coast to await testing of those aboard, after a passenger on an earlier voyage died and at least one other became infected.
Stocks are falling in midday trading on Wall Street, erasing 2 percent from major indexes, a day after they surged 4 percent as the mood swings back to fear about economic fallout from the virus outbreak.
