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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON TECH DRAG

Nvidia tumbles 10%, Amazon loses more than 2% while Apple ends 1% lower

French consumer group calls for gas tax cut as prices set to jump

France 24 Videos

The French consumer group "UFC Que Choisir" has called on the government to cut the VAT rate on natural gas, as prices are set to rise by 12.6 percent on October 1. The cost of gas is increasing across Europe as the continent faces lower supplies and higher demand. Also today, the French pharmaceutical giant Sanofi has halted the development of its mRNA vaccine against Covid-19, judging that it would arrive too late on the market.