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After taking an initial wait-and-see approach on the new omicron variant of coronavirus, Credit Suisse CS, +3.56% , one of the world’s largest investment banks, now sees a “considerable” risk that the U.S. and large parts of Europe will be unable to avoid “stringent” lockdowns this winter. Credit Suisse’s view is at odds with that of President Joe Biden and the nation’s top infectious disease expert, Anthony Fauci, both of whom have indicated no need to impose fresh lockdowns in the U.S. Instead, the president, set to speak Tuesday afternoon, is planning to announce 500 million free rapid tests for Americans, increased support for hospitals, and a redoubling of vaccination and boosting efforts.
...read full article on Market Watch
