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Good morning. Vaccine mandates are drawing closer, the Fed dumps ‘transitory’ language and Salesforce’s weak guidance may weigh on peers. Here’s what’s moving markets.

Germany took a step closer toward making Covid-19 vaccinations compulsory as the incoming chancellor called for a parliamentary vote by year-end. For now, a decision on additional restrictions for the unvaccinated is expected tomorrow, with other European countries including Switzerland weighing similar steps. Meanwhile, the South African doctor who helped identify the omicron variant warned that it’s too early to write off new cases as ‘mild,’ as symptoms may worsen in the second week and the variant hasn’t yet reached a large enough sample of people.