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Fly Intel: Top five weekend stock stories

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Moderna (MRNA) Chief Medical Officer Paul Burton said he suspects the new omicron coronavirus variant may elude current vaccines, and if so, a reformulated shot could be available early in the new year, Bloomberg's Joe Easton reported. "We should know about the ability of the current vaccine to provide protection in the next couple of weeks," Burton said Sunday on the BBC's "Andrew Marr Show." "If we have to make a brand new vaccine, I think that's going to be early 2022... -The Fly

TSX Mounting a Streak

Equities in Toronto were set for their third-straight session of gains on Thursday, aided by technology and energy shares, although trading volumes are likely to be low because of the U.S. Thanksgiving holiday. The S&P/TSX Composite progressed 78,23 points to greet noon at 21,626.66. The Canadian dollar retreated 0.4 cents at 79.01 cents U.S. The largest percentage gainers on the TSX were Lightspeed Commerce, which jumped $2.66, or 3.8%, to $72.72, and Interfor Corporation, which rose 36 cents, or 1.1%, to $34.16, extending gains from the...

The Real Reason Why OPEC+ Won’t Open The Taps

The United States announced a release from its Strategic Petroleum Reserve (SPR) on Tuesday, saying at the same time that it hopes OPEC+ would continue to add 400,000 barrels per day (bpd) to its production every month as per the plan outlined in July. While the U.S. Administration wants the OPEC+ alliance to pump more oil and thus help lower high oil and gasoline prices, the group dominated by Middle Eastern oil producers and Russia can't do much more than it's already doing—even if its only goal were to help U.S. consumers pay much lower prices...

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