Economy
Stocks Finish 460 Points Lower Due to Omicron
The major averages fell sharply, giving up solid gains, on Wednesday after the CDC confirmed the first case of omicron in the U.S.
26 cheap stocks to buy now that Omicron has hammered markets
It could be time to do some shopping in the stock market this holiday season, opines this veteran strategist.
Energy
Fossil Fuel Companies Enjoy Tax Breaks in Build Back Better Bill
The legislation would increase tax breaks for carbon capture and carbon removal by 70 percent, potentially yielding payouts large enough to wipe out some companies’ income tax bills.
9 Months After Texas Freeze, Grid Still Vulnerable
Some say the state still hasn’t fixed the critical problem that paralyzed the state: maintaining a sufficient supply of natural gas.
Environment
Rainfall in the Arctic to be More Common Than Snow
More rain than snow will fall in the Arctic and this transition will occur decades earlier than previously predicted, a new study led by the University of Manitoba reports.
State Predicts No Water Deliveries to Cities in 2022
California water officials acknowledged Wednesday that another painful year of drought is likely, and warned the many communities receiving water from the State Water Project may get no water at all next year, except in cases of emergency.
Health
1st Omicron Case Detected in US
The first known case of the omicron variant has been detected in the U.S. just days after its rapid spread in South Africa prompted worldwide concern, U.S. officials said Wednesday.
Merck’s Covid Pill Approved by FDA
The Food and Drug Administration voted Tuesday to recommend authorization of a new COVID pill that patients can take at home.
The post Daily Digest 12/2: Biden’s Fossil Fuel Tax Breaks; 1st U.S. Omicron Case; State Predicts No Water for Cities appeared first on Peak Prosperity.
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