The US markets tumbled on Tuesday for a second time in the last three trading sessions as investor fears of economic impact from the omicron variant rose, alongside comments made by Fed Chair Jerome Powell about the central bank wrapping up its tapering of asset purchases more quickly to address rising inflation. Salesforce tanked 5.95% in after hours trade following the release of the cloud-based software company?s first full quarter results since acquiring Slack. A spotlight on Novavax as the biotech company soared more than 7% on Tuesday after revealing it is working to develop a version of its COVID-19 vaccine that targets the Omicron variant of the virus. Elon Musk has sent an email to all SpaceX employees warning of an emerging crisis with the company?s Raptor engine production that could result in the company?s bankruptcy if unsolved.
VIDEO: Novavax surged 7% on news of a vaccine development to target Omicron.
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