CNBC Business

U.S. stocks dropped on Friday amid renewed Covid fears over a new variant found in South Africa.

Pfizer and BioNTech said they expect more data from lab tests in two weeks at the latest.

A new Covid variant is sparking travel curbs just as many countries were welcoming back visitors.

The World Health Organization will meet on Friday to discuss a new heavily mutated variant of Covid-19.

The WHO has said it will take weeks to understand how the new Covid variant, named omicron, may affect diagnostics, therapeutics and vaccines.

The U.S. will speak Friday with scientists in South Africa for data on the emerging, heavily mutated Covid-19 variant detected there, Dr. Anthony Fauci said.

Those discounts and special sales that once were plentiful at auto dealerships around Black Friday have largely evaporated amid low inventory.

The long-anticipated report did not indicate that the Biden administration would take climate change impact into account when approving new oil and gas leases.

South African Health Minister Joe Phaahla said that new travel restrictions amid concerns over a heavily mutated Covid variant are "unjustified."

These are the stocks posting the largest moves in midday trading.

Peloton has sued Lululemon after the leggings maker threatened legal action against the connected fitness equipment company earlier this year.

A new variant of concern in South Africa has prompted some governments to ban flights from the region.

Most Etsy sellers are sourcing raw materials nearby. Even as larger retailers face down supply challenges, Etsy is well stocked.

Many independent small businesses are still struggling to recover from the pandemic. Here's how shoppers can support them this holiday season.

Belgium has confirmed a case of the new, heavily mutated variant of the virus that causes Covid-19, according to one of the country's leading virologists.

Shoppers are not excited to shop across Black Friday, Small Business Saturday, and Cyber Monday this holiday season as factors like inventory and pricing weigh.

Don't discount Dollar Tree now that it has passed a price increase on to customers, New Street Advisors Group's Delano Saporu said.

Thanksgiving day online sales totaled $5.1 billion, which matches the level of last year, according to data from Adobe Analytics.

The new variant comes at a time when different European nations are grappling with surging cases of the delta variant.

Global markets went into a tailspin Friday following news of a new heavily-mutated Covid-19 variant first detected in South Africa.