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U.S. stocks opened sharply lower on Tuesday after a warning from vaccine maker Moderna's CEO that COVID-19 shots could be less effective against Omicron variant.
The co-founder of the biotechnology company BioNTech believes that people fully vaccinated with his company's vaccine, a joint project with Pfizer, are safe from severe Omicron infection.
Experts say that it is too early for someone to worry about the Omicron variant, but people should still take precautions to protect themselves from Covid, and especially the ever-present Delta variant.
Although holiday travel and gatherings have just started and colder days lay ahead, the city just recorded a spike of 2.22percent in COVID-19 cases - the highest in two months.
Moderna CEO Stephane Bancel told CNBC that his company's COVID-19 vaccine may be less effective against the Omicron variant than it is others, though they could update the vaccine.