Amid a new surge in coronavirus infections in the United States, the Government revealed that the Delta variant is spreading with "incredible efficiency," and now represents more than 83 percent of the virus circulating in the country.
"Compared to the virus we had circulating initially in the United States at the start of the pandemic, the Delta variant is more aggressive and much more transmissible than previously circulating strains," CDC director Dr. Rochelle Walensky said at a routine press briefing by White House COVID-19 Response Team.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.