CNBC’s Eunice Yoon reports on China’s latest efforts to tamp down a recent uptick in Covid-19 infections, just weeks before the Olympics. Scott Gottlieb, former FDA commissioner and CNBC contributor, discusses the omicron Covid variant and says its global spread is inevitable. Under the deal, Activision CEO Bobby Kotick, who has faced calls to resign over the cultural problems within his company, will remain CEO during the transition. Kyle Bass, Jakab, Kernen, Quick, Ross Sorkin, Tausche, Kramer, announced it will buy video game giant Activision Blizzard in a $68.7 billion all-cash deal. WSJ journalist and “The Revolution That Wasn’t” author Spencer Jakab explains what’s changed-and what hasn’t-since the ‘little guys’ took on Wall Street. Plus, it’s been a year since the Reddit Rebellion. response to the rising likelihood of a Russian invasion, and Hayman Capital Management CIO and global investor Kyle Bass considers the conflict’s impact on portfolios and geopolitical stability. CNBC’s Kayla Tausche breaks down the U.S. and its European allies watch Russia-Ukraine tensions escalate. About 8,500 American troops are standing by for deployment as the U.S. Cryptocurrencies are still trading lower, with bitcoin down 50% from its highs. After the biggest intraday market bounceback in years, investors are making sense of tech stock stumbles, inflation fears, and uncertainty from the Fed.
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