| What to watch today: Dow futures drop sharply as omicron fears resurface | | |  | TUE, NOV 30, 2021 | | | | AS OF TUE, NOV 30, 2021 • 08:07 ET | | Dow Jones Fut | | 35,135.94 | | Current: | 34,679.00 | | Change: | -398.00 | | Impl. Open: | -396.94 | | | S&P 500 Fut | | 4,655.27 | | Current: | 4,608.25 | | Change: | -42.75 | | Impl. Open: | -43.62 | | | NASDAQ 100 Fut | | 16,399.24 | | Current: | 16,309.75 | | Change: | -81.00 | | Impl. Open: | -86.49 | | | Russell 2000 Mini | | 2,241.98 | | Current: | 2,206.80 | | Change: | -33.40 | | Impl. Open: | -36.78 | | Weighing stocks Tuesday, Moderna (MRNA) CEO Stephane Bancel stepped up comments he made Monday on CNBC's "Squawk Box," telling the Financial Times he expects a "material drop" in current vaccine effectiveness against omicron.
In addition, preliminary tests of current Covid antibody drug cocktails from Regeneron (REGN) and Eli Lilly (LLY) indicated less effectiveness against the new variant, according to The Wall Street Journal, a sign that an important class of therapies might need to be modified. | | | | A panel of expert advisors to the FDA are expected to vote Tuesday on whether to recommend authorization of Merck's (MRK) antiviral Covid pill. The U.S. drugmaker reported Friday the medicine's efficacy in reducing hospitalizations and deaths dropped to 30%. It had reported about a 50% reduction a month ago. (Reuters) | | | | The FTC is investigating whether supply chain disruptions are hurting consumers with higher prices. The agency has ordered Walmart, Amazon and other major food suppliers to give detailed information about the situation as part of the probe. (Reuters) | | | | Altria (MO) and Philip Morris International (PM) are no longer able to sell or import Iqos tobacco devices in the U.S. after the Biden administration opted to take no action in an ongoing patent dispute. Rival R.J. Reynolds, a subsidiary of British American Tobacco (BTI), filed a claim with the U.S. International Trade Commission (CNBC) | | |  | Dollar Tree (DLTR) fell more than 2% in premarket trading after Goldman downgraded the stock to neutral from a buy. The firm said the stock is too expensive at current levels as Dollar Tree's comeback story is now priced in. | | | | SolarEdge Technologies (SEDG) pulled back about 3% premarket after Morgan Stanley downgraded the stock to equal-weight from overweight. Morgan Stanley said the stock appears to be fully valued after a recent hot streak. | | | | Facebook-parent Meta Platforms (FB) were slightly lower in the premarket after a U.K. regulator told the company it must sell GIF-sharing platform Giphy. The Competition and Markets Authority said Meta's acquisition of Giphy would reduce competition between social media platforms. | | | | Meat alternative producer Beyond Meat (BYND) and plant-based dairy company Oatly (OTLY) each retreated more than 1% in early morning trading after HSBC initiated coverage of the stocks at a "reduce" rating. | | | |  | | |
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