earlier than planned. the white house says the president and vice president will hold an oval office event for the signing. the legislation won final passage yesterday in congress. merrick garland praised justice department employees and pledged to demonstrate that american laws will be enforced fairly and impartially after he was sworn in as the nation's top law enforcement officer today. >> i am honored to work with you once again. together, we will show the american people by word and deed, that the department of justice pursues equal justice and adhere to the rule of law. mark: one of his first official acts was getting briefed by the fbi into the investigation into the right at the capital. prosecutors have charged more than 300 people in connection to

the siege. and george floyd's accused killer will face an extra murder charge. a judge in minneapolis restored account of third-degree murder against officer derek chauvin. he also places charges of second-degree murder and manslaughter. footage of him kneeling on george floyd's neck prompted calls to hold him and other officers on the scene to be held criminally responsible. global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. ♪ >> it is 1:00 p.m. in new york,

7:00 p.m. in berlin, i am matt miller and welcome to "bloomberg markets" we are awaiting a 30 year treasury option right now, and demand for this 30 year issue can provide confirmation about whether the supply pressures we witnessed at the end of last month with the three year auction were a temporary issue rather than the starting gun for a protracted, bearish trend. we are now seeing u.s. 30 year bonds drawing 2.29%, with a high of 3.6%. that's about level with the yield we saw before the auction. in terms of indirect bidders, we are seeing 60.6% going to

indirect bidders, 19.2% going to primary dealers, and 20.2% going to the direct bidders. the indirect bidders are an indication for the international demand, 60.6% again of these going to indirect bidders. strong international demand for thear treasuries. you can see the yields now. we will show them again. with the market check, the equity indexes are rallying. the s&p 500 rising more than 1%. the nasdaq up more than 2%, 2.6% right now. and we also see dollar movement to the downside. so whatever you look at, you will see dollar weakness. more notable is crude. and connected, of course, with the dollar.

new york crude trading 2.3% higher at over $65 a barrel. now alix steel for commodities edge. ♪ alix: welcome to bloomberg's commodities edge, when we focus on the hottest commodities with the smartest voices in the business. right to the data dig, looking at the top market stories. oil inventory numbers, we still see distortion from the deep-freeze in texas. 13.8 million barrels. a huge chunk from the gulf coast. refiners are having a hard time ramping up. the rally in crude is undeniable. that means they are making a

cash. so, combined free cash flow generation could reach over $23 billion this year, up from $4 billion last year. but they are not spending it. so that will raise the capex by 2% more this year compared to last year after a big cut in 2019 to 2020. the higher prices go, the harder it will be as the oil prices continue to rally. now, what the oil majors are doing are different. it was investor day last week for exxon and chevron earlier in the week, and we talked about carbon. this is what the ceo of chevron had to say. >> the world will be as depend on gas 20 years from now as it is today and we intend to be one of the best companies in this industry and our shareholders deserve for us to continue to deliver that to them. alix: i am joined now by our

bloomberg reporter. before we start, we have the word count of chevron and exxon in their investor presentations of this year and last year. both of them talk to much about carbon, it beat out every other thing like climate and growth. is this trend is sustainable for the big guys as oil continues to climb higher? >> i think that from an investor perspective, at least among international oil companies, the direction of travel on climate has been clear. we first saw the european oil majors set the net zero emissions goal. in the u.s., occidental petroleum followed through. chevron and exxon have been considered holdouts. but it is clear that they are now talking more about carbon, and maybe if they are looking to

set such a goal eventually. alix: but they are not spending that much of their budget on the carbon initiatives versus the international guys in europe. is that founded or will they ramp up as they go on? >> if they are serious about the transition, they have to acknowledge that spend.we have a small increase with the international majors, but not much yet from exxon or chevron. are they also lowering their production? on that, bp has made it clear indication that it does not see oil and gas consumption holding up, as opposed to what we heard from the chevron ceo. that's why they are dialing down gas assets. but that is not we -- what

we have seen from exxon or chevron. alix: thank you very much. time for talking to in executive in the commodity world, and today it is the ceo of green plane. we want to take a look at the big transformation of the company first. it used to be an ethanol powerhouse, producing hundreds of millions of gallons every quarter. now you would not recognize it, it is transforming into a high-tech agricultural company. the world has more people, so the world needs more food to feed them. so that means poultry, fish and cows. and those animals need their own food. so greenplains is using technology to get more ingredients from corn, and that is used in everything from pet food to agriculture. and those ingredients are made in large facilities. they are not the first, but they

are fast. greenplains teamed up with dwight anderson to buy a majority stake in technology that can convert grain into high-value protein or changing a refinery to produce clean sugar. and the goal is to financially transform the company to deliver higher, more predictable returns. right now, they make about 70% of greenplains revenue, so it deftly has its work cut out for it. i spoke with todd becker and asked how he got the shareholders on board for the transformation in the first place. todd: we are leaving government policy behind. so we have been able to isolate high-value products and go into insatiable demand markets. when you have the opportunity to do that in those markets that are not governed by policy, that is what started to convince people and the story started to

resonate with our investors. it's hard for them, because they are so used to being oversupplied in what we do because ethanol is traditionally an oversupply market. and it was hard for me to convince them that this was an undersupplied market. but they realized taht protein -- that protein and clean carbohydrates, as the world continues to grow and wealth continues to get bigger, we can see the diets change and that is leading to a greater protein demand around the world. that is where we are able to capitalize. alix: walk me through the markets you think you will be playing in, what are they? todd: protein, oils, vegetable oils, and sugar. those are the four or three commodity or three markets that will take the products we produce.

within those, there are broad different aspects of each of those markets. protein, the world is protein short. we have seen that around the world in demand. we need protein to feed ourselves and to feed our animals. in oils, obviously you have seen the revolution of diesel. we make one of the lowest carbon intensive feedstocks that exists. on the sugar side, we are looking at green biotech. they need clean carbohydrates, and that is something we can do also. alix: how big could these three areas be? what is the business opportunity? todd: you take a look at protein, it is growing at about 12 million tons per year around the world. renewable diesel and vegetable oils, we do not have enough vegetable oils in feedstock to

sustain the revolution we have seen in the u.s. and around the world. with carbohydrates, i think we will double our demand for clean sugar, dextrose, carbohydrates, and there is no new supply able to come onto the market until what we will be able to do with the technology we have now. alix: how quickly can you scale up? todd: we will be done with about 10 or 11 plants by the end of 2023. that will change the financial dynamic of the company, where we will be leaving ethanol in the rearview mirror. and each system will be profitable as you start them up, but as you scale is when you think about driving e in the eps. as we get to late 2022, we will be driving profitability to the bottom line. what is unique about the product is while it comes out at a certain protein level, certain purity, we have the ability to

increase those and go up the j curve, earning a significant higher-margin on just step level changes in the level of purities. alix: that was my interview with todd becker. a commodities trading house says that it struck a deal to buy copper from a supplier in turkey, but the metal never got out of it and stumble. when it started arriving come all they found was containers of rocks painted to look like copper. 13 people have been arrested. and they have an arbitration case now against the supplier, but that must hurt. that does it for "commodities edge." we will see you in about two weeks time. this is bloomberg. ♪

matt: welcome to "bloomberg markets" we are about to interview the ceo of a new 100 billion dollar company after it started trading. coupang is the largest asian company to ipo in the u.s. since alibaba, and it briefly surpassed $100 billion in market cap. is the stacked party over? we will talk to one of the most successful investors of all time about the challenges facing the industry as he launches a new one today. martin franklin, mariposa capital's ceo is our guest.

plus, richard kovacevich tells us what he thinks about the stimulus deal, and if it is too much as the economy is getting back on track already. we are in the midst of a rally today that spans across the indexes. the s&p 500 is up 1.5%. the nasdaq gaining two point -- 2.3%. tech stocks continue to gain today. you just heard about oil from alix, and the rally in crude is undeniable, up 2.5% now to over $65 a barrel. the 30 year yield is also rising, even though the color is red. the yield is up today after an auction that went off fairly successfully. that's the third in a row. that's after problems we saw at

the end of february. but let's get into ipo's. the market has become massive. now with one of the biggest on the u.s. stock exchange, coupang started trading today and emily chang from "bloomberg technology" is joining us. this was up over $100 billion at one point in market cap. this is a south korean e-commerce company. emily: up more than 80% from the opening trade. at one point, the ceo of coupang , and the founder, joining us now. bom, congratulations. this is one of the biggest ipo's since alibaba. what is your take on the opening and are you concerned about leaving money on the table? bom: that is not how we think.

we are here today because we focused on a long-term strategy in division. we have had teams and shareholders who have been aligned without long-term vision. and i think we will continue to stay steadfast to that dna. emily: people compare you to amazon, they call you the amazon of south korea. what do you think about that comparison and how do you think about your competition with amazon? bom: we have been inspired by a lot of great companies. but i think that our investments are unique and it's produced unique experiences for our customers as well. dawn delivery, you order as late as midnight and we deliver before 7:00 a.m. not even convenient store selection but against millions of items. you order before you go to bed, and you wake up like christmas morning every day. we got rid of classical trade-offs that you make when

you choose, online convenience like box packaging. 75% of our shipments do not have additional packaging. in the case of fresh groceries, we have removed disposable packaging. we institute our eco-bags. our drivers are picking up the empty bags when their trucks are coming back empty anyway. that's a result of unique investment, and not only infrastructure, but the technology that innovates us. matt: i have to ask about the way that you treat your workers. jeff bezos and amazon has received flack for the way that they treat their workers, but you have had several -- of employees who allegedly were overworked or overnight working. how does the company answer to this issue or these problems? bom: it is heartbreaking. it's a tragedy when there is a

passing of one of our family members. but we have hundreds of thousands of people who work in our operations, in fulfillment and in delivery. and we have had one work-related death in the past year. but one is too many. we have to continue to do better. we are meeting the industry on this front. we were the first just a service provider in our industry to make five day work weeks the standard, versus the six-day standard of the industry. we are still the only company that offers -- that offers full benefits, paid time off. and we offer insurance to all of our workers, even temporary ones, on day one. with the ipo, we became the first company to make all of its frontline employees shareholders in the company. we will continue to lead on this front. matt: it is a concern for u.s. investors, and i wonder after

reports, o several -- of several deaths of your employees, what can you do to improve the situation. bom: we have to continue to change and make standards better. we will contend to -- will continue to invest. we have invested in automation that only makes deliveries better experiences for our customers but make the work easier for our employees. and we will continue to create good jobs. the best working condition jobs in the country, as well as invest billions in infrastructure that extends our network deeper and closer to the customers. 70% of the population lives within seven miles of one of our centers, so we are continuing to innovate on this front. emily: you also invested heavily to keep warehouses safe through the pandemic, with disinfectant,

for example. how has the company changed through the pandemic and what are your expectations for growth post pandemic? bom: we are not giving any forward guidance, but if you look at our historical's, this year, because we have large operations and covid was challenging for us, and because of our technology, integration and the hard work of so many, who were able to maintain our delivery promise nationwide, 365 days a year. even as delivery times stretched. and we spent hundreds of millions of dollars this year on expenses that kept employees safe through the endemic. emily: how are you planning to expand? any plans to expand overseas, what kinds of new services it should we be watching for? bom: this is a $530 billion

commerce market in korea and we are just getting started. we are about 3% of the total commerce market, so we have a long opportunity ahead of us. we continue to rollout new services like stress-free returns. if you leave a parcel out on our service, you do not need to print out a label. our drivers are in most apartment complexes multiple times a day. we pick it up. and you are refunded immediately. that's the kind of stress we want to remove it from customers' lives. we want to create a world where customers wonder, how did i ever live without coupang? we have such an opportunity to change lives in korea and we will be laser focused on that. matt: we appreciate your time. bom: one of the things i want to highlight, that this is the story of korea. this was a country that had a

gdp per capita of $79, one of the poorest countries in the world and it has now become one of the top 10 countries globally. the industry has propelled the miracle of the han river and we are so proud to be part of that story today. vonnie: very -- matt: need a interesting competition in that country as well. that's the ceo of coupang, briefly a $100 billion company, but still trading at $90 billion. one of the biggest ipo's we have seen, the biggest asian ipo on the new york stock exchange since alibaba. emily chang joining us. we always appreciate it. we are looking forward to watching "bloomberg technology" later. this is bloomberg. ♪

matt: now to something that caught my eye, a digital artwork

that isn't in physical existence, just code connected to a work. it's sold for $69 million. this at christie's auction house in new york. this is a pretty amazing feat, selling for $69 million to justin on, -- son, the crypto multimillionaire that bought lunch with warren buffett years ago. he bought into gamestop for more than $10 million and held onto his shares. now he has spent $69 million on an nft. this is bloomberg. ♪

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amanda: welcome to "bloomberg markets." matt: we're joined by our audiences. here are the top stories we are following from the bloomberg terminal. we are waiting for president biden to sign the stimulus package. we will bring you live coverage of the historic event as it happens. we expected in just a few moments. is the spac party over? we will talk to one of the most original investors about the challenges facing the industry as he launches a new special purpose acquisition company. sir martin franklin is our guest. former wells fargo ceo dick co

vosavoch weighs in on that stimulus deal. he tells us if he thinks the plan does too much at a time when the economy seems to be getting back on track. amanda: it is certainly the story of the day for stocks. the 1.9 trillion dollars stimulus package. part of the reason we are seeing this return to the growth names. this is a broad-based event. financials are weak but every thing else marching higher. the leaders of the market that led to the records moving today, tack and communications the most on the move. emily wilkins, hugely important and historic. we are waiting for joe biden to sign this bill. emily: this is one of the largest bills that congress has ever passed. $1.9 trillion.

yes, president biden will be signing the bill in just a few minutes. later tonight he will be addressing americans, both about the legislation and what his administration will do to continue to get the economy on track. matt: how soon are the checks going to go out? how soon is this money going to be able to be spent? emily: we heard janet yellen say her department will be getting on this right away, as soon as it becomes a law. given what we have seen from previous stimulus checks, if only take a day or two for the government to start processing these. those direct deposits will see checks pretty quickly. everyone else it may take a week but it is something the government will get going quickly after the law is signed. amanda: obviously it will be the

subject of this evening, this historic amount of support. any other thoughts or word, the president will say when he addresses the nation? emily: in addition to really trying to sell the bill to the american people and make sure they know what is in it, why he thinks it's a great idea, we will be keeping and i out for the next thing -- eye out the biden administration will tackle, the infrastructure built. roads, highways, bridges. things in terms of climate change. we are at the starting negotiations of that right now. it is not clear what will or won't be in the bill. biden will try to make sure he's got support from the american people for that effort. matt: it looks like he has support from the american people going by the polls for this. bipartisan support at that. a majority of republican voters backs this $1.9 trillion stimulus plan.

politicians, senators did not on the republican side. it was completely partisan passage. is that going to hurt his chances on the infrastructure bill? emily: from the congressional republicans i have talked to in the senate and house there is an interest on making sure this upcoming infrastructure package is bipartisan. this issue has a history of bipartisanship although we have seen more partisan party lines. the big takeaway is just how difficult it is going to be to get bipartisan support on anything in this congressional environment. this bill is even more important because the process democrats just used, the budget reconciliation, only certain things can go through that. some infrastructure projects will either have to go the normal way with republican support, for they will not be able to go at all. amanda: on that note, maybe you answered.

what is at risk here? what do you see in the biden edge that will be problematic? emily: how did we pay for this bill? there have been a couple of ideas thrown out but we have not seen one that gets a lot of big strong bipartisan support. paying for the build will be incredibly critical. it is something democrats and republicans have said they wanted to stop they don't want to add too much to the deficit. that will be a major discussion we will keep our eye on for the next several months as the bill comes together. matt: thanks very much, emily wilkins with the bloomberg government team covering this for us. we will go momentarily to the oval office to watch president biden sign this historic bill and hear what he has to say. we will continue our conversation on spacs.

we have talked about them a lot lately. it is a spac boom over? we will ask that to someone who is launching one as we speak and also one of the original spac investors, very successful at that. sir martin franklin joins us next. this is bloomberg. ♪

matt: this is "bloomberg markets ." mariposa capital ceo martin franklin joins us now, our ghibli when the earliest, successful spac investors, having driven a number of successful spac ipo's. today his spac file for a $450

million ipo. the plan is to list on the new york stock exchange. he joins us, as well as ed hammond. it is a full house. thank you for joining us. sir martin, why now? we have seen the boom in spacs accelerate into the beginning of 2021 and then turn lower. it looks like the party is over. am i seeing that wrong? martin: first of all, i file to spacs -- two spacs today. brimstone acquisitions. with a very serious person who was the cfo of bain capital. the second is n2 with a long time partner and we built nomad

foods together. what has happened is you've got hundreds of spacs that have filed and raise capital. there is a bit of a digestion period going. i have been doing this since 2005, 2006. about $8 billion of equity through various spac structures. i think spacs are here to stay. i think there will be a transition. this has become a bit of a bandwagon. a lot of players who probably should not be capital allocators are now becoming capital allocators. that will create some indigestion but i think spacs as a product will be a long-term product. i think they will modify themselves over time. ed: why are you going down the u.s. route? you have talked about your spac s. you do them and the u.k. these that you launched today, both look like the current wave of spacs.

are you just capitulating to the day? martin: i -- with the vehicles i have in the u.k., they are companies in which i wanted to be a controlling shareholder or leading shareholder, be ultimately the chairman or cochairmen of the companies. we share space with public companies, nomad foods, api group and element solutions. great companies. very healthy, profitable physicist and well-established. the ipo game in the spac market in the u.s. is more to a conduit for other companies to do public offerings. you are bringing your experience to someone else to take the company public where they are the chairman and the lead director, etc. it is a different product. i don't think you will see me trying to buy an entire company

to lead until the kind of structures i did in the u.k. are allowed in the u.s., or the u.k. ones are modified to take care of issues i think u.s. investors have to continue to invest in the type of structures i've had in the past. ed: another notable aspect of the current boom and the kind of companies being targeted. electric car companies. a few flying taxi companies and other very growth, splashy companies. you have got enough to what i think of is a more traditional prime equity model. frozen foods, safety equipment companies. what does it say about the crop of spacs today, marrying them with high-growth but potentially -- companies? martin: we are in a period of a lot of speculation. this has become a product

somewhat of publicly listed venture capital. i think to look at it any other way is probably a mistake. because it is venture capital. you are making a lot of promises. performance criteria or you don't have a metric to look at until 2026 or something like that. but venture capital. that is a caveat. i have been on record as saying i'm not sure that is well suited for the public markets. i think like many other things that have become bandwagons there will be a shakeup. i think what has happened and i think is real is in the early days i was trying to sell people the concept you could do this as a very efficient way of going public. i think the fact high-caliber companies, profitable ones, solid companies will find there are a lot of merits to going

public in this type of structure. in the past used to have a stigma. i think that has gone away. like so many other bandwagons, there will be french actors -- fringe actors and they will go away. amanda: as you have alluded, there are growing concerns about evaluation, a digestion period when you say people who should not be capital allocators are becoming capital elders -- allocators. the concern is for investors being drawn in with the many retail investors that take part. do you worry about your self participated in a process that will burn some individual retail investors? martin: i don't participate in that process at all. the kind of companies by buyer

high-caliber companies with a long history of profitability and run by good people. i do my due diligence thoroughly. if people go in buy companies run by movie stars are athletes who have never deployed capital for anybody else is a fiduciary before, you have to know what you are buying into. i do think caveat emptor counts for something. the actual spac product, if properly used -- i've been saying this for 15 years -- if properly deployed, is extremely useful. it is like junk bonds from the 1980's. you can see they financed back companies. the truth is they built a lot of great companies. it can go either way. amanda: should there be more protections in place for

investors who may be a little less sophisticated than some of the players in the game? martin: i do. i think like so many things there should be better gatekeeping, particularly for businesses who don't have revenue. the idea you can sell a story to someone and then cash it out before you have done anything to prove it's a story. there probably needs to be some kind of gatekeeper rules in place. i'm not sure how they should be crafted. certainly when it comes to venture capital. the great thing about the venture capital community is they have their own processes. you don't find venture capitalists cashing out on their interests until they have proven their models to some degree. matt: on that note, there are new rules proposed for the u.k. market. i wonder if you think they are

going to step too far. martin: i think the new rules -- i have not studied all of them, but one of the things that existed in the u.k. that was a reason i had to stop doing them in the u.k. for the time being was because when we announced the transaction, if you are moving to the new york stock exchange, they froze trading. until prospectuses were produced and reviewed trading would be stopped. in the u.s., the trading is continuous when a transaction is announced. that became very problematic for funds to go market to market. i think the changes they will make in the u.k. are going to be helpful. hopefully they will be helpful. ed: i want to jump in. we have talked about this being a boom, a bandwagon, all of

which suggests at some point it will come crashing down. who will be left holding the bag? martin: i think he will be like 1999, 2000. you will have a lot of equity funds that will post bad results. i don't think this causes any contagion. that is the beauty of it. it is all done with equity. it is all equity-based. a lot of companies are trading at high prices. some may be worth something. some may be worth a lot but some are worth nothing. that will play itself out over time. amanda: we talked about the effect all this capital rushing into the space has had. as you say, you believe yours are different. when you choose wisely it doesn't have to be a bad experience. yet we could see a big valuation correction, and momentum-driven correction for the space.

how worried are you for spacs, ipo's and the market in general for the mania we are seeing here? martin: at the end of the day when you buy a spac you are not really buying a deal. you are buying a two-year cd with equity upside. that is the way you should think about it. the real valuation of companies happens when you do the transaction and announce the transaction. most of these deals today require that. you have institutional investors reviewing the transaction and buying additional equity. that is where the real rubber meets the road. i think if institutions devalue the product, they will buy that and the deal will go forward. what'll happen in the shakeout

is the funds will be far more discerning. the easy money of announcing something on a story and trading up will no longer be there. i think that is probably good for the overall market. there will be a digestion period but that is ok. amanda: it is great to have you with this cup --with us, martin franklin. thanks for being with us. we await the signing of the historic stimulus bill. still ahead, former ceo and share -- chair of wells fargo on if the stimulus is well-timed. to the oval office any minute. this is bloomberg. ♪

amanda: this is "bloomberg markets." we await the moment president biden signed into law the $1.9 trillion stimulus package.

then it flows into the u.s. economy. some wondering if it is too much may be too late. dick kovacevich is with us now. let's start right there. a lot of money, a lot of support. is it in our current concern inflationary? is it too much to most? dick: i believe our economy is already well underway of recovery. jobs will continue to grow. i think we are lucky to have an unlimited right that starts with a four by year-end. none of this, in my opinion, will be a result of the $1.9 trillion package. what it will achieve -- what will achieve these results are vaccinations of all americans. as fast as possible. president biden has already said

he believes there will be vaccines available for all americans by may, just a couple of months from now. i think we owe a great deal of thanks to the creativity, talent and expertise of big pharma who have been criticized and demonized by politicians relentlessly. they and their vaccines are what is saving our economy and saving the world economy. matt: that criticism continues over here in europe. in the u.s. and the u.k., the vaccination has gone much faster and much more efficiently. i wonder if you are not concerned about things like unemployment benefits ending. that was part of this bill. there are still 10 million people unemployed in the u.s. if those benefits come to an end before lockdowns are totally listed, that leaves them in a

difficult position. dick: i agree with you. the reason we have unemployment is because the vast majority of the unemployed are related to the hospitality and service industries. the restaurants, the retail, travel, hotels and so on. that amounts to about 30% of our entire workforce. most are low-paying jobs. they need help. for the most part they can't even work remote. they need direct contact with their customers. they use public transportation. therefore they and their customers need to be vaccinated for their industries to recover, even though it will still take two or three years to fully recover. this stimulus bill should have been entirely focused on providing support for those workers and their employees for

the few months needed to get most of them back to work. this would have cost well under $1 trillion. certainly not to trillion dollars. -- $2 trillion. there are funds available because we have not used them from previous packages. if we just focused on those things you were talking about, this could be done quickly and with a lot less pork and it. matt: really appreciate getting your thoughts on that. dick kovacevich, former ceo of wells fargo. we are awaiting the sign of the stimulus bill nonetheless. we will bring you president biden in the oval office as he puts pen -- new listing alert. >> i am the president and ceo of

monarch mining corp. monarch mining was formed after the acquisition of monarch gold. monarch mining corp. has 200 square kilometers of primary listed in canada. we are one of the upcoming producer, with a producing mine which will be starting this year. we will be seeking acquisition. we will be looking for new ounces. we will deliver the same way we did with monarch goldcorp.

mark: as we have been reporting, president biden will sign that $1.9 trillion pandemic relief bill today, one day earlier than

planned. the white house says the president and vice president will hold an oval office event for the signing shortly. the legislation won final passage yesterday. astrazeneca will deliver less than half the planned number of covid-19 vaccines to the european union. and the secondquarter the pharmaceutical giant will deliver about 76 million of a planned 180 million doses to the block through june. that's according to data seen by bloomberg. astra warned of a shortfall but helped to make of the lost by shipping some doses from elsewhere. pressure is growing on the are governor andrew cuomo to resign. more than 55 democratic state lawmakers are calling for him to step down over sexual harassment allegations. six women have come forward. cuomo said on march 7 there is "no way he would resign."