You guys: This is getting serious.
The World Economic Forum will defer its Annual Meeting in Davos, Switzerland, in the light of continued uncertainty over the Omicron outbreak.
A divided panel of the Sixth U.S. Circuit Court of Appeals dissolved a stay issued by another court that had blocked the rules. The majority, in a 2-to-1 ruling, said legal challenges to the administration’s vaccination-and-testing requirements were likely to fail…. “OSHA has wide discretion to form and implement the best possible solution to ensure the health and safety of all workers, and has historically exercised that discretion,” Judge Jane Stranch wrote for the court.
“I have Covid. I came down with Covid on Thursday night,” [Jim] Cramer said on “Squawk on the Street.” He added he’s been triple vaccinated: two shots of Moderna and a Moderna booster…. “I got it that night from someone who was tested that day,” he said. “The problem is it works so fast. You can’t stop it.”
Well, maybe not that serious….
Moderna, of Cambridge, Mass., said the authorized dosage of its booster shot increased levels of immune-system agents known as neutralizing antibodies against Omicron about 37 times pre-boost levels…. “What we showed is when you boost, you get a good brisk increase in antibody levels and they would be correlated with protection,” Moderna Chief Medical Officer Paul Burton said in an interview.
“My clients are totally confused as, quite frankly, am I,” Erin McLaughlin, a labor and employment lawyer at Buchanan, Ingersoll & Rooney, said on Saturday. “My sense is that there are a lot of employers scrambling to try and put their mandate programs in place….” Adding a layer of confusion, many states and cities have created their own vaccine rules — some more stringent than the federal government’s, as in New York City, where an option to test out of vaccine requirements isn’t allowed, while some, like Florida, have sought to undermine OSHA’s rule.
The rapid spread of the virus’s Omicron variant continues to upend companies’ plans and force changes to policies…. Citigroup sent a memo to its staff in New York and New Jersey giving them the option to work from home through the holidays given the surge in cases in the New York metropolitan area. JPMorgan Chase and Morgan Stanley haven’t changed their policies, but staff are being given the flexibility to work from home, according to people familiar with the situation who declined to be identified discussing personnel matters…. Goldman Sachs reportedly told teams in New York to cancel holiday parties. The bank has already held several parties over the past few weeks. JPMorgan and Morgan Stanley are reportedly allowing individual teams and departments to go ahead with holiday parties (for now).
World Economic Forum’s Annual Meeting 2022 Deferred [press release]
Plans to return to the office grow murkier by the day. [NYT]
Whiplash on U.S. Vaccine Mandate Leaves Employers ‘Totally Confused’ [NYT]
Appeals Court Reinstates Biden Covid-19 Vaccine Rules for Large Employers [WSJ]
‘I have Covid,’ Jim Cramer says. He says he’s been triple vaccinated and has a mild case [CNBC]
Moderna Says Covid-19 Booster Dose Works Against Omicron Variant in Lab Tests [WSJ]
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