Oil falls nearly 5% on concerns over vaccine efficacy
Oil prices are sinking as Omicron variant fears have infected markets across the globe. The new Covid strain has been found in even more nations, spreading beyond its South African origins. David Tawil, president of ProChain capital, joins Boom Bust to discuss the sector. William Schaffner, professor of medicine, Division of Infectious Diseases at Vanderbilt University Medical Center, gives the latest on the spread of the new strain. Plus, Australia’s crackdown on social media is taking a new turn as the nation proposes a law to combat online trolls; we’ll discuss what this means.
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