emily: i am emily chang in san francisco. this is bloomberg technology. the u.k. becomes the first to approve a covid vaccine. how did they beat the u.s.? we will have more on when you and your kids can expect to shop. also, the bigger work from home darling, zoom reports revenue up 367%. why did the stock plunge 15?

amazon partners with an old text stalwart. that is blackberry. how they plan to revolutionize tech. those stories in a moment. the u.s. stocks posting another record high amid news of new stimulus talks. they are progressing with a plan to pass by the weekend. abigail doolittle has more on that. also, i know you have been following the latest earnings results out of snowflake. shares down after hours a bit. this is a big test for them after their blockbuster debut. abigail: it is. lots of big movers relative to earnings after hours come snowflake being one of them. with snowflake, what you are referencing is that huge ipo, biggest ipo of the year back in september. this is their first quarter as a publicly traded company, so they are finding out what it is about to these shares are absolutely plunging in the after hours, down 19%.

this is an application software company, up just 37% year to date. they have struggled a little bit, and in this quarter they posted a wider loss than expected. revenue fell on a year-over-year basis. also missing estimates, and the guide for revenue was importantly missed the range. they gave a range of $650 million to $700 million. missing the estimate of $778 million full some pretty big miss there. nice to have a technology company and they are not executing. snowflake is off of its after-hour lows come down almost 4%. they put up a less than perfect quarter. this stock up more than 140% since the september ipo, priced to perfection. it could be down more, frankly, given the fact that they posted a wider loss and their forecast was a little disappointing. they are learning what it means to be a publicly traded company, and the reporting process, that

decline, given the fact that the stock is up 142% since september, seems relatively modest. let's see what comes as investors continue to go through the details of the quarter. a bright spot -- we do have crowd strike, and this stock is trading higher. a cybersecurity company. this is showing the case of need to have. you need to have the cybersecurity. this stock is already up in a big way, 185%. after hours, nearly 12%. they beat, they boosted. you could make the case with the pandemic, more so with everybody working from home. we around the pandemic have the case of the haves and the have-nots, nice to haves and need to haves. crowd strike is a need to have commenced touring right now. emily: the u.s. is clearing the china delisting bill, sending it to the president. we will see reaction when the china markets open, but this is

another story that had markets rallying. abigail: not too much of a reaction, and i don't think this comes as too much of a surprise, because this is a piece of news that investors have been expecting quite some time. looking at alibaba and baidu, two of the companies that could be a piece of it, not much happening there. that is the case with stocks on the day. we did eke out a high on the s&p 500. nasdaq up fractionally. kessel taking a breather -- tesla taking a breather after the huge rally and the fact that it will be included in the s&p 500 come december 21. the spark for the rally we had out of november, that is the vaccine, and positive news today relative to pfizer's vaccine partnered with biontech. u.k. has approved it. it will be is to be did next week, 800,000 -- it will be distributed next week come 800,000 doses. rna vaccination requires two boosters outcome and apparently

it is not the easiest process. --two booster shots come and appear in the does not the easiest process. positive news, expected to come to the u.s. and not too long, too. emily: all right, abigail doolittle, thank you so much for the roundup. speaking of the vaccine, as covid cases hit record numbers in california and new york city reported its highest daily tally since may, the vaccine cavalry cannot come soon enough. the u.k.'s approval for emergency use makes it the first western country to roll out shots. new york governor cuomo says the state's residents can expect 170,000 pfizer doses on december 17 if cleared by regulators. -- december 15 if cleared by regulators. distribution plans from all u.s. states are due friday for the joining us is bloomberg health reporter michelle cortez. how did the u.k. beat the u.s. on approval, and are they taking

a risk going first? >> getting a vaccine for coronavirus has been a huge priority for boris johnson, the prime minister of the u.k. in all honesty, they did not require the same set of standards that the u.s. food and drug administration did, which was two months of follow-up in order to assure safety. the fda regulators and regulators at the european medicine agency are literally coming through the details of these applications and basically going over the math to make her -- make sure everything is accurate. in the u.k., they were able to move much more quickly. they didn't go through with the fine toothed calm that we are seeing with other regulators--finetooth comb that we are seeing with other regulars. that being said, the u.s. and europe are not far behind, and by the time folks in the u.k. are able to get the vaccine, they will a benefited from the -- there will have been a decision from the fda and europe and they will know whether or not other agencies found this to

be safe and effective. emily: here is the question everyone is asking -- when will i get my vaccine? when does this mean that that -- obviously we all fall into different categories, our parents, our children. what is the timeline as far as you can tell right now? michelle: i will run you through the timeline really quickly. it is astonishing, i have to say. we are expecting about 20 million doses before the end of the year. the first doses are going to go to medical professionals, health care workers, the highest risk people in nursing homes. they think it will take about three weeks to reach all of those people -- again, astonishing, three weeks. by about mid-january, we will have all of those folks. then we will move to lower-risk people -- elderly people, those with comorbidities, maybe you are overweight or have asthma, something like that. then it comes to about april. that is when your average person, someone relatively young and healthy and does not have

coexisting conditions, will be able to start getting vaccinations. that is about the time when kids will start being able to get vaccinated. we will need additional trials in kids to make sure it is safe for them come because a lot of these vaccines have not been studied in children yet. but those trials will not take a long time. we are looking at about april by then. by the end of the summer, we should have enough people vaccinated in the u.s., the majority of americans, that we will reach heard immunity. that means in the fall we will be to our new normal, whatever that might be. it might include things like going back to the office, sending all of our children to school in person, college sports back on, and many of the things we have been missing for the past year should be coming back. emily: wow, michelle, that is quite a future you just painted if all goes to plan. i want to ask a little bit more about children. dr. fauci over the weekend said it would be months, as you say, before kids get the vaccine. how many of the vaccines have been tested on young children?

i know teenagers are slightly different category, but i understand that most of these trials have been done on adults. what does that mean about how well these shots will work in young kids? michelle: right, well, to your point, exactly. there have been exceedingly few of these shots that have been tested in kids at this point. when you are looking at age 14 and up -- pfizer, for example, didn't have any children in iots -- it's trial. childhood is an important period of time. there is a lot happening in those developing bodies you need to make sure you are not doing any harm to these kids. what you want to do is -- remember, people get vaccinated are healthy people and you are trying to prevent theoretical risk. you are not definitively giving them a benefit. they might not ever encounter coronavirus, and if they did, they might not get sick from it. you have to make sure there is a higher bar here. you don't want to give them

anything that would increase the risk of harm, because they would not get any benefit from it after they receive it. if you do all your testing and -- in healthy adults first and then you bring it back to the kids, but you don't need to do as much testing once you get to the kids, once you have determined that it is safe and -- in older folks. you need to look at their immune responses to make sure the way their immune systems responded -- immune system response is the same and then you need to watch them for about a month to 48 days to make sure it is safe also early spring we are looking at. emily: fascinating. thank you so much for breaking it all down for us. you are answering the questions that we all want to know the answers to. michelle cortez, our bloomberg health reporter, thank you so much. coming up, as president-elect biden begins the transition process, we will look at what policymakers need to do to make sure that the u.s. can maintain the continuity of government and safeguarded national security. -- safeguard national security.

this is bloomberg. ♪

emily: as the u.s. continues to face potential security threats, including nationstate cyberattacks, a smooth and orderly transfer of power from the trump administration is needed to keep the country secure. president-elect biden has introduced a team of national security experts, saying it is a team that reflects the fact that america is back. will this team be able to safeguard our nation? joining us is the founder and executive director of the national security institute. obviously, you have a lot of thoughts here. so far we have seen antony blinken, nominee for state. we are expecting michelle flournoy to be the nominee for

defense. how do you think the picks will have an impact on national security are rounding out? >> this is a serious group of people, people who have been around a long time served on capitol hill, served at the department of defense, served at the white house. these are people with great experience, and frankly, a team that looks a lot like the prior team with the obama administration. that has raised questions about will this be obama 2.0. i think the answer will be no, because they will have learned lessons from mistakes of the obama administration. from the syria redline, mistakes on the -- mistakes of the obama administration, the syria redline, mistakes on the iran deal. emily: what are your outstanding concerns? there are positions that need to be filled. we are in a unique spot, given what happened with the controversy unfolding. what are the big question marks for you?

jamil: great question. a few things. we saw the sec-def nominee will likely be michelle flournoy. maybe jeh johnson. we will also have a nominee for cia director. it would be interesting to see president-elect biden to select a republican from one of the jobs. i don't think it is likely, but it would be interesting to see that happen. also, chris krebs's old job. a lot of questions with regard to national security. right now jake sullivan is national security advisor, excellent pick, good friend, rockstar on a national security. emily: speaking of chris krebs, receiving death threats, including from one of the president's lawyers. no matter your politics, i do think that is on except above. jamil:-no matter your

politics--that is not acceptable. jamil: no matter your election politics or what you think of election fraud -- and a former u.s. attorney should note better. it should be condemned by all politicians across the aisle. i'm troubled it hasn't been. emily: as we make this transition in what could be a very messy transition of power, given the president still insists there has been fraud, are you concerned about the security of our country? jamil: look, i'm always concerned about what is happening in cyberspace because we are under constant attack. i believe we will see a low-level war with china in the sabr arena and have been for a while. that being said, the transition is going to happen. it is becoming clearer and clearer that the president is going to leave office on january 20. it is going to work out the way it is supposed to. has it been a proper time for transition, but this sometimes happens like you did with bush v

gore. at the end of the day we are pretty safe nation. emily: what about the president threatened to veto a defense bill unless it includes a provision abolishing section 230, a defense bill that is designed to protect our national security? jamil: we have seen senator inhofe, republican, leader mcconnell, nancy pelosi, across the aisle on both sides of the house and the senate that they will not do 230 in the ndaa. people recognize the president is upset. the president is aligned with president-elect biden -- they all have concerns about 230 a lot of people on the hill have concerns about 230. it is almost not certainly not -- almost certainly not happening in ndaa. there is also the issue of renaming the basis that the house will try to pass by a vetoproof margin.

the president wants that on his last few weeks in office. emily: all right, we shall see. jamil jaffer, always good to have your thoughts on the show. coming up, our conversation with the salesforce cfo about his company's acquisition of slack and why this could be a competitive move against microsoft. that is next. this is bloomberg. ♪

emily: it is one of the biggest tech deals of the year. salesforce has agreed to buy slack for when he $.7 billion in -- $27.7 billion in cash and stock. i caught up with salesforce ceo

marc benioff about the deal. marc: it is a marriage made in heaven, and we cannot be more excited about this combination and how it transforms our customer 360 vision and lets our customers work from anywhere. it is the most exciting thing i have been through. emily: many people are looking at this as a defensive move against microsoft. what is your response to that? marc: you can see salesforce has never been stronger. we just delivered a phenomenal quarter, raised our guidance, $21.1 billion this year. we will do 25.5 billion dollars in revenue next year. emily, it is the fastest-growing enterprise software committee effort, of all time. salesforce has never been stronger. when we look at slack, also a tremendously fast growing company, but really has breakthrough technology, the idea that you can collaborate on channels, and we have integrated our products already, but the idea that you can have this next-generation work from anywhere environment, runs on my

phone, runs on mike ipad-- my ipad, amazing what is possible. emily: so the old deals in your -- you are no stranger to deals, some 60 deals in your tenure at salesforce -- the stock slipped when reports of this deal first broke, and they are saying this is too expensive for a company with less than a billion dollars in revenue could what is your -- revenue. what is your response to that? marc: it is very common narrative for some i have done 60 deals, some of the largest deals ever done in the technology industry, including a company we grew from a few hundred million dollars to a couple billion. we have gone an incredible -- done an incredible transaction a couple years ago now with tableau. of course, it was the same narrative then. now we see a couple billion dollars in revenue and tremendous market share gained since we acquired the company. the deep integration with our customers and our customer -- here we are again with slack, our same playbook. we have a lot of swagger can we have a good feeling.

we will execute and deliver tremendous value to our global customers. emily: salesforce ceo marc benioff there just after the deal was announced. sticking with that, dan, is this ideal, a marriage made in -- a deal -- sticking with that, dan, is this ideal, a marriage made in heaven? a lot of marriages don't work out, as we know. >> look, i think when benioff is alluding to is the cloud wars, they basically needed to do this deal. it was now or never. and more and more with microsoft, you cannot argue with the strategy. you look at tableau, and now slack. the price they paid -- i view it as a near-term pain, long-term gain. emily: what about for slack? despite its popularity, the shares have languished. zoom shares have gone up 500%,

and slack shares are basically where they were at ipo until this deal was reported. dan: for slack, i think this was clearly the right move can -- the right move because they are going up against microsoft and it is becoming more and more competitive, going -- you saw that in the growth rates. for them to hit the bid now, that is a smart move. for shareholders it speaks to microsoft becoming more and more of a force in the cloud and ultimately, salesforce does not do this deal if it is not for that company revenue. emily: so, what are you going to be watching to see if it -- if salesforce can indeed pull this off? dan: i think similar to tableau, it is the value prop over when the deal closes.

i think it is a sandbag number in terms of what they gave with slack. if they are able to ultimately execute on that this really becomes a big race for the next four to six quarters. if you look at microsoft, that stack is tougher and tougher to compete with. this is a shot across the bow of microsoft. they are not going to sit there on a treadmill and they continue to accelerate. it is big enough for more than -- it is a big enough ocean for more than one boat. emily: how competitive do you think this combination can be microsoft? -- to microsoft? remember, we remember salesforce was trying to buy linkedin when microsoft scooped it up. dan: i think right now , microsoft, i don't view it as

tremendously competitive vs. microsoft when i view this combo. i think over time, a year from now, that is where it becomes more competitive, especially in the collaboration front. for salesforce, they are playing a different game. they need to have the end-to-end sweep and when you look at what they are doing, they need to get out of the marketing department to the broader end-to-end solution. it wasn't for slack, they were not going to be able to do this organically. we have seen it. i continue to believe this is the right move for salesforce can even though it is from three months ago to an m&a. it is hard to argue with the success and the strategy that benioff has shown. emily: all right, well, we are going to be following benioff and butterfield appearing together on stage at dream force, which we will be covering throughout the week as well. dan ives, thank you so much for your analysis as always. coming up, everyone's favorite

stay-at-home stock seeing some recovery from yesterday's plunge. the zoom cfo joins us for her outlook on the video platform, next. this is bloomberg. ♪

emily: welcome back to "bloomberg technology." i am emily chang in san francisco. a company rocketed to popularity as businesses shut its doors and workers went remote. zoom video, one of the top market performers, released earnings that indicated that the platform is doing just fine. the devil is in the details -- revenue growth beat estimates but at a slower rate. with me for a closer look at what the numbers mean and what to expect next year, zoom cfo kelly steckelberg. always good to have you. any other company with earnings like this, we would be

celebrating. revenue jumping 367%. but with signs of slowing growth, some investors are concerned. the stock did win back some of the gains that they lost yesterday, but what are you an--saying to investors to convince them of the zoom's continued growth in a post-covid world? kelly: hi, emily, thanks for having me. first of all, we hope for an effective vaccine as quick as possible to minimize disruption. but remote work transfer happening pre-covid come and we see during the pandemic and acceleration of adoption and embracing of zoom. we don't expect the trends to stop anytime after covid. in fact, we have been working very closely with our customers and talking about what is there work-from-anywhere strategy in a post-vaccine world. we are excited about some of the innovation we announced, things

like voice commands so that when they send their employees off, -- back to the office, they can feel safe doing so. my own personal favorite is smart gallery. one of the good things that has come out of this time of working remotely is the democratization of communication. all of our squares are the same size on the screen and it gives everyone a voice. what smart gallery does is it enhances the face-to-face communication experience when we moved to a space that is some workers in the office and some working from home and bringing them together the same way you have today where everybody is on the same playing field. we have some super exciting products like zoom phone, customers thinking more strategically about what is there work-from-anywhere toolkit, and zoom phone is an integral part of that.

we are excited about the future and working closely with customers around that. emily: part of the reason zoom is so popular is it is free. will zoom continue to offer to consumers for free, or down the line we see you start charging? kelly: we love our free hosts, a very important part of the zoom ecosystem. we have also given zoom for free to 125,000 educational institution around the globe today that are using it for free. we feel very strongly it is our corporate responsibility to do so. we turned off the 40-minute limit in the u.s. for thanksgiving. we are really committed to doing what we can during this period of disruption. the free users of our platform are an important part of the ecosystem. if we didn't have the free users we would be paying more in sales

and marketing. we feel like it is a really great trade-off. aery time a free user starts free meeting, they have the opportunity to expose somebody else to the power of zoom. emily: the day of your earnings, slack and salesforce announced a big tie up. slack has been the other work-from-home darling, but their stocks don't look anything like zoom's. what is your take on this? kelly: both slack and salesforce are great partners and friends of ours. congratulations on this deal. if you think about it, we are all companies focusing on different aspects of enterprise technology and we are committed to this strategy. i think it is great that those two organizations are coming together. we work very closely with them already. i think we will probably continue to do. it will probably be a simplified

matter now that the companies are coming to integrate for the customers' benefit rather than three. emily: some suggested this will lead to more consolidation in the software industry. do you agree? kelly: you know, what we are focused on at zoom is delivering happiness to our customers. for ourselves right now, that is committing to innovation across the platform with all of our pipelines and the platform on zoom that we announced in october. we have lots to focus on from an independent company perspective. in terms of other consolidations across the company and industry, we will have to wait and see. emily: does that mean you are focused on innovating from within? zoom has kept its m&a powder dry. could we see you make acquisitions? are you out there looking is that not on the table right now? kelly: so, a couple things. we have a lot of opportunity at for us to grow with zoom phone

and international. we want to make sure we are staying really focused on the opportunities ahead. with that said, we are thrilled to have the team to accelerate our development in terms of security and that is how we think about it. we are always looking for opportunities to augment our talent or technology through acquisitions. we have a team that things about this every day but we just not have not found the right match, but it does not mean we aren't thinking about it. emily: clearly we are all going to use zoom more in a more normal world, a new normal world than we did before the pandemic happened. use is going to change. how do you imagine we will use zoom, consumers will use zoom, schools will use zoom, when everything is back to normal and there is no health risk? kelly: what we have seen is that zoom has become integrated into

all aspects of our life. the goal of our founder and ceo is due make -- is to make a zoom meeting better than an in-person meeting. we have seen that in the market with transcription from meeting notes, and you will continue to see that with things like the new apps we announced at utopia which allow developers to start developing apps for in-meeting experiences for you can collaborate better, you can use things like project management within the meeting itself. that is how we will continue to augment the experience to make it more productive. it is how consumers are going to do it on zoom. on zoom is a platform we announced at zoomtopia. the event-hosting platform that will bring together attendees in a seamless way and it will be a

directory of events and mechanisms so you wake up in the morning and you are like, i want to go to a live zoom class, you can sign up quickly come and be in a yoga class. these are how i think zoom will be important to our lives even -- incorporated into our lives even when we have the opportunity to move around the world safely again. emily: all right, kelly steckelberg joining us from your home in this remote pandemic universe, thank you so much. always good to have you on the show and interesting to hear your thoughts on how the future will be different. coming up, blackberry saw its shares rise the most ever on a stellar deal made with amazon. we will be speaking with a blackberry ceo next. this is bloomberg. ♪

emily: big news for blackberry. the company announcing it is working with amazon web services to develop a new intelligent data platform called iv. according to blackberry and it -- aws, it will improve the performance of cars linked to the cloud. this brought tears to an all-time high. --shares to an all-time high. with me now is blackberry ceo john chen. it has been a while since we talked. obviously you have been hard at work during that time. what does this mean for blackberries, what does this mean for cars? john: thank you, we have not chatted in a long time. have been working with

amazon. took us two years could we started the program two years ago at ces, devastating a little piece of technology at that time, obviously not as elaborate as today. at that time, we already had the vision of building a data analytics platform from a to z end for the application provider, for consumers to be able to tap into a secure and seamless manner. that is what it does for the market and for customers and the blackberry data business, and i have long wanted a recurring data business so this promises to be a good one down the road. emily: you talked up qnx to me years ago. i am curious how critical a role you believe blackberry will play

in cars as a result of the work you have done. john: could you repeat the last part? i'm having trouble hearing well. emily: you talked up qnx years ago when this was a nascent technology and believed back then that blackberry play a huge role in cars. what is the technology that you have that amazon wants and needs? john: well, qnx is a secure safety operator which has achieved the highest level of safety certifications. i think that is very important to amazon. the other part is we are very hard at work in the iot space, which amazon made a lot of investment themselves. and the alignment of the fact, like was said yesterday at the

reinvent conference, we can redefine how the industry works together. data analytics, machine learning -- sounds like i'm throwing buzzwords out, but it is true -- and the iot enabling with our safety certified environment and the platform we could build to emulate everything that is happening, including the senses, those are the technologies that is interesting to amazon. emily: might you have other partnerships on the horizon with other big carmakers? a company like tesla, perhaps? john: we are speaking to a number of them. some of them sound more advanced and more promising. it is a little too early for us to talk about wins.

when it happens, i am sure to -- i'm sure to let you know. emily: [laughter] thank you. apple and google car-tech integration and platforms, but it has taken time to see these things get to market. how do you compare what they offer, where they are to where blackberry is? i know they are all different technologies. john: it is a very broad subject but i think of two things that are more unique. first of all, we have been in business a lot longer than apple and google has been come in the in the autove been business. we have an ongoing stream of customers and revenue. we are expanding that. i spoke about the data-driven revenue. that is number one. number two, we do a lot of the

plumbing, the secure back channel communication, kind of the trusted broadcasting messaging. we do a lot of those, safety, clusters, those things that make the dashboards look pretty. they do a lot more use r interface. our orientation a lot more about the ecosystem. there orientation is about the orientation is about the user. that is something which amazon is very strong in and this is one of the big reasons why we want to partner with amazon, because they bring the consumer, the user experience and interfaces to us. so, that is the difference between us and apple vs. google. the other last point that i think is a very important point is that our technology, this

collaboration you talk about, we just announced, allows a car manufacturer to own their own customer. with some of the names you just mentioned, they will not allow that to happen. they will on the data and therefore, they own the customers. i don't own the data, i don't interpret the data. i just transport. emily: all right, john chen, blackberry ceo, good to have you back with a bang. thank you for stopping by. we will continue to follow how the partnership lays out and what partnerships come next. -- plays out and what partnerships come next. nothing is off the table in bob iger's future. the disney former ceo is weighing the next chapter when he finally leaves the company in december of next year. iger told david rubenstein that he is considering public service, including the potential role in the biden administration. david: you were not as successful in leaving the company because you had wanted to leave a few years earlier, the board said you had to stay longer because you did the fox acquisition, among other things. why were you so good at running

the company but not so good at leaving the company? bob: i'm told that is a common ailment of ceo's that have had decent tenure. i failed leaving a few times. the first time, we had had a succession process that didn't work out as we had hoped. i agreed to stay on a little bit longer. the last time was solely due to the largest acquisition we had ever made, and that was mostly assets of 21st century fox. i knew when i proposed doing that to the board, which was close to when i was supposed to step down, that they would say, well, we will support you in this effort as long as you agree to stay. they did not want and for good reason to go through a ceo transition we were making the -- through a ceo transition when we were making the biggest

acquisition we had ever made. david: you are thinking of leaving disney to run for president of the united states. whoever heard of a businessman running for president of the united states? where did you get that idea from? bob: crazy idea, right? well, there was some truth to that, both before the '16 election and after the '16 election, i gave it serious thought. postelection of donald trump i gave it a lot of thought and did a fair amount of homework to study the feasibility of it. i'm not sure i would've gotten as far as actually running because the realist in me was sinking in and i was starting to think more and more about how difficult the path might be in the democratic party for a businessman to actually get the nomination. david: what would you say is the chance of you serving in his senior position in a biden administration? would you want to come to washington for that kind of thing? told that be of interest

you? bob: i have always thought about what the next chapter in my life might be post-disney, because there will be post disney soon. i will not fail stepping down again. serving our country in some fashion is something i would consider seriously, but a lot would depend on what it is and what the opportunity is and whether i thought it would be something that i would both be stimulated by and be good at. emily: all right, we will be watching to see what bob iger does next. disney executive chair bob iger with david rubenstein. still ahead, after fast approval by u.k. regulators, britons will get first dibs on a vaccine developed by pfizer and biontech. the chief commercial officer will divide a production and distribution timeline with us, next. this is bloomberg. ♪ emily: the u.k. has become the

first western country to approve a covid vaccine. british regulators cleared pfizer and biontech's shot ahead of the u.s. and european union. biontech chief commercial officer sean marett spoke with alix steel and told us when to expect the first doses. sean: well, for all countries we are producing and will have ready up to 50 million doses this year. we will be sticking to that target and should be able to provide up to 50 million this year. going into next year, including the 50 million from this year, we anticipate 1.3 billion in total. i don't think will disclose what -- we have disclosed what we will be providing in the first half but what i can say is of

course we are ramping up production extremely quickly so we can get the vaccine quickly to everyone as possible. guy do you see yourself bringing in more capacity? are you negotiating for more capacity with others? can you give us an idea of how those conversations are going, if they are taking place? sean: what you might've noticed is from the biontech network, we have added a factory which we bought. we are bringing that up to speed. once it gets into a steady state, we expect that to produce 750 million doses per year. pfizer at the same time is bringing out their manufacturer -- bringing up their manufacturing as quickly as possible, both in the united states and of course here in europe, where we will be serving the u.k. very, very, very shortly. we anticipate adding capacity, further capacity, next year as needed. we are also supplying the first

in china, that is our other partner for china and they have plans for manufacturing, too. alix: what you left out our out if there are other european countries like germany. are you negotiating with other european countries about distribution? sean: no, we have done all negotiations through the european commission are all the states in europe. -- representing all the states in europe. the only one where we separate negotiations was the united kingdom. guy: talking of the united kingdom, can you walk me through what your expectations are for the u.k. to be able to deliver a seamless distribution? where do you see the challenges? you guys have put a lot of work into get this ready quickly. the u.k. has now cleared it. can you give us your visibility on the challenge of getting it into people's arms?

sean: there is a national house service distribution plan and that is really for the government to comment on. from our perspective, what we are doing in the united kingdom are marketing and distribution -- the united kingdom, our marketing and distribution partner pfizer is making sure we can get the vaccine to everyone quickly. in terms of distribution, when you receive this vaccine, it really is -- you roll up your sleeve, you got an injection in your arm of this vaccine, and then you wait a few minutes, as is customary to make sure there are no side effects that wouldn't be expected and then you go home. it is pretty much like a getting a flu vaccine. emily: that was sean marett, biontech's chief commercial officer. that does it for this edition of "bloomberg technology." i am emily chang in san

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