The World Health Organization is warning the new Covid-19 omicron variant is spreading faster than any previous strain, and it is probably present in most countries of the world. CNBC’s Meg Tirrell reports on a pill from Pfizer that could cut the risk of hospitalization and death from Covid by 89% among high-risk patients. And it works on the omicron variant. Dr. Robby Sikka, former VP for the Minnesota Timberwolves, also says professional sports leagues are facing Covid outbreaks that force them to postpone games and impose quarantines. Congressional Democrats moved toward raising the debt ceiling just one day before the Dec. 15 deadline that Treasury Secretary Janet Yellen warned could mark the start of the first-ever U.S. default. A federal judge has thrown out former President Donald Trump’s lawsuit seeking to block a House committee from getting his tax returns. New York Times’ reporter Kate Kelly discusses drug companies’ push to make birth-control pills available without prescriptions. But there’s debate within the FDA over whether that’s safe, given that the drugs can sometimes have bad interactions with other medications. Civil rights attorney David Henderson reports on the hearing for the parents of Michigan school shooter, Ethan Crumbley, and the impact it could have on other cases around the country. Plus, former New York Governor Andrew Cuomo has been ordered to pay the state $5 million for his book deal.