News Snapshot:
Shanghai reported more than 13,000 daily Covid cases for the first time, as a sweeping lockdown of its 25 million residents and mass testing uncovered extensive spread of the highly infectious Omicron variant. The outbreak in the Chinese financial hub pushed the national total to 16,412 local infections for Monday, the highest one-day figure recorded in the world’s second-largest economy during the pandemic—clouding its growth outlook and threatening to disrupt the global supply chain. China’s current outbreak is surpassing a level not seen since February 2020, when a one-day correction in the way it tracked cases pushed daily infections past...
