♪ >> a very good morning and welcome to "daybreak: australia." >> the top stories this hour. g7 leaders promised to offer one billion extra vaccine doses. they're also preparing to call into new -- a new inquiry into

the virus origins. president biden revokes trump era bans on tiktok and wechat. this is a picture across wall street. we are seeing u.s. futures pointing higher. the s&p traded lower in the afternoon session. the 10 year yield broke below 150 at the lowest level that we haven't seen in months. crude at the moment -- u.s. fuel socks -- stocks surging last week. take a look at the meme stocks because they have been rallying

and the strength continues. we are adding a new batch of stocks like geo group that surged as much as 60% at one point and clean energy which rose above 30%. we have first-quarter earnings out of gamestop. the caveat is that about half the number of analysts are now tracking gamestop since the retail frenzy. haidi: let's get to our bloomberg scoop. the group has pledged to add one billion doses of the covid vaccine. they have pledged to end the virus by the end of 2022. shery: meanwhile, the imf moving ahead with a massive plan to reissue reserve assets to help the global recovery.

i spoke to a managing director during a livestream event on the future of health care about how poorer nations will benefit. >> we are very much on track. the g7 seems to have confirmed that from the perspective of this sizable group of countries, this is going forward. we are looking into ways in which we can direct some ideas from wealthy nations to those that so much need help. we expect by mid august to have the governments voting on $650 billion. for those who may not have hurt -- heard much about it, this is a reserve we create on the strength of our membership. it is the largest in the history of the imf issuance by far. rightly so because we are dealing with the worst recession

we have experienced in this time since the great depression. >> some have criticized that it would be used to pay off the debt but developing nations to china. this rivalry on the world stage seems to be coming worse right now. how is that affecting the job you're doing? >> let me stress that we provide very detailed guidance to countries on how best to use sbrs and it is not in the interest of any nations have a large level of debt to use it to pay rather than restructure this debt. we have a common framework, we want that to be the door to resolve that issue. we also are increasing the transparency of how they are being deployed by countries as a way to encourage the product

deployment of this valuable reserve asset. one positive piece of news is that china actually would like to make sure the sdrs have worked as intended and they have indicated interest to contribute some of their new issuance to a pool of funds at the disposal of the imf to be there to support countries in need. since the exact opposite of using the money to pay service of debt to china. haidi: g7 leaders are set to deliver at least one billion extra doses of vaccine over the next year. this in a bid to end the pandemic by the end of 2022. our guest is on the line with details. this comes as the biden administration is planning to

buy at least half of that amount to share broad. >> that seems to be the theme here that these countries that have a lot of vaccine have vaccinated a lot of their populations are now willing to and are bound to deliver these countries that really need it. as you noted the g7 pledged a billion doses that should cover the adult population. they say they're going to put together this document that outlines a plan to end the pandemic by december 2022. a lot of countries would like to see it happen before that of course but this is in a global sense. these are big, bold statements but it shows that the vaccination rates in countries like the u.s. and u.k. are rising and therefore the leaders feel like they can donate these other doses around the world

with pfizer confirming today that they will allow doses for the u.s. to go elsewhere. shery: we are also seeing that the summit will call for a new study into the coronavirus pandemic. what do we know? >> is the topic that has been somewhat controversial. the u.s. a few weeks ago said they were signing onto an investigation of the origin look into whether there was a lab that could have been involved. it had long been bought by a number of countries -- thought by a number of countries that it origin aided in animal to humans transition. by seeing this communique, it is saying that there's going to be an investigation on the broader sense to give more investigative efforts more credence. haidi: australia's call for an

inquiry into the origins of the coronavirus saw its relationship with china suffer. the prime minister will be calling for cooperation among the world's democracies. how important is this meeting for australia and terms of building the alliance and not standing alone when it comes to the position on beijing? >> the prime minister is certainly going to be among friends. he will have his first face-to-face with president biden. the u.s. pledged to stand shoulder to shoulder with australia against what it called china's economic coercion. all the members of the quad alliance will be present. he said supporting a world order that favors freedom over a talker see is going to need cooperation among democracies and the likes not seen for 30 years. >> are there any signs that a so you could be dialing back tensions with aging anytime

soon? >> there sortis in terms of an action. there has been no progress in australia toward what is known as -- law and this will allow them to have targeted sanctions on countries accused of human rights abuses. no prizes for guessing who that might be directed at. the u.k., the u.s., canada all have such laws. signing onto this law would provoke china. >> we start headlines with president biden issuing an executive order revoking bans on tiktok and wechat. at white house says the administration will review apps from fraud -- foreign adversaries compose to our -- a risk to american sensitive data.

the order replaces trump era actions. wall street's top regulator is calling for a broad-based review of laws that underpin u.s. equities trading. the fcc chairman says he has asked to examine issues. trading rules, hedge funds, and brokers have all come under scrutiny after wild swings in the meme stocks between gamestop and amc. president vladimir putin has issued a warning over the possibility the ukraine joining nato. he says at least half of ukrainians don't want entry into the organization. he didn't indicate where he got the data. a poll conducted in march said 57% of ukrainians support joining the alliance. that comes as president biden

prepares to attend his first nato summit as president. with six weeks to go before the olympics, the ioc says more than 80% of athletes participating at the games have been fully vaccinated. tokyo is under a virus state of emergency until at least june 20. the japanese prime minister says he wants everyone in the country who wants to be vaccinated to get vaccinated by november. the mayor of new york says it will be hard to reach his administrations goal of vaccinating 5 million new yorkers by the end of june. he says for put formally in new yorkers have received one dose. he also says the inoculation rates vary by district and age group. global news 24 hours a day on air and on bloomberg quicktake. powered by more than 2700 journalists and analysts in over 120 countries. this is bloomberg. shery: investors are awaiting a

key inflation report for indications on when the fed might start paring back stimulus. how hot are we expecting these numbers to be? >> the number we expect for may is going to be the highest since late 2008. it is running hot right now, but we think the fed is going to stick to its view that a lot of the factors that are driving this gain or this reopening sensitive push, certainly anyone who has tried to book a flight or rent a car or buy a used car is noticing a bit of inflation and prices. it is a consequence of a lot of demand facing constrained supply in a lot of categories. we do expect another stretch of readings this summer, but we see

those numbers beginning to recede into year-end. there are certainly -- there is debate about what happens beyond that but we see the weight of evidence being consistent with transitory inflation view. >> given that has always been the line from the various members and policymakers, does this move the needle? does it matter, do they still speak to the game plan? >> in our view, there are a lot of other indicators that the fed is going to be watching. the cpi is one of many inflation gauges that will be relevant over the coming weeks, months, and quarters. the fed is of course very concerned about the degree of job loss that is still persisting. that is very important and overall, that becomes more important over time then the

short stretch of readings. haidi: coming up, we will be speaking to a guest about her outlook. plus, the surge in commodity prices. a senior commodity analyst will be joining us to discuss the outlook later. this is bloomberg. ♪

♪ shery: a frenzy among day traders to take on short-sellers. we saw chatter building on the potential for short squeezes. we now have new targets. when it comes to today's session , with geo group at one point

rising as much as 60%. mame stock raiders may be seeing some success. data from barclays showing 30% of their shares have shrunk. the drop more pronounced in dollar terms is. driving this may be the general direction of the market. haidi: this story continues with the start. gamestop has announced it is hiring to former amazon executives. shares sinking after hours after

the company announced their plan to sell shares. what do these changes tell us about where the company wants to be? >> one of the new board members of gamestop, his vision was to compete with amazon to dive in to the new digital age. being in amazon veteran is clearly a step in that direction . we don't know what that vision is which makes it challenging for a wall street investor to price the stock on fundamentals when you don't know what that future vision is. that really puts a lot of the onus on the retail trade. shery: i think only half of the analysts that were tracking the story before are tracking that

now. >> there's no secret there is a lot of speculation about what's actually going on behind the trades. is it just the retail traders using robinhood or is there more to it? are you seeing them drive up the stock or ride the rally? that's where the sec is getting involved digging into -- we don't have details on what this inquiry is. gamestop did not release more details on their earnings call, but we know they are in contact so that something we have to keep an eye on. shery: let's bring in the senior vice president and advisor at an enhancement group. what do you make of the meme stocks? can you track them? we have seen analysts stopping to follow the stock because they are so unrelated to fundamentals. >> they are so unrelated to

fundamentals. i would say it's been an absolute blessing and a bit of a curse. my fear for the retail investor, i never said the word retail investor than i have in the last six months. this may look like march of 2000 when the day traders who had great success in the latter years of the 90's suddenly came to a screeching halt. what we don't know is when the market is going their way, can the math following the reddit search, can they follow to prop up a market that is otherwise going in the other direction? my fear is again that these investors get hurt on the backside. >> is this similar to what we are seeing with crypto right now?

we are seeing a bit of upside right now but the idea bank that cryptocurrency or bitcoin could become digital gold is going there and further away. >> there are two really important things. we go back to the are 2020 and in the u.s., we increase the money supply by 25%. that would have traditionally been and analysts forward-looking saying this is a good time to invest in precious metals. instead, we sought going to cryptocurrency. additionally, it being the new precious metal, american investors often get wrong that they don't understand the global demand for cryptocurrency in that they are so trusting of the banking institutions they are happy to use those institutions and their use to a currency that lacks volatility. that's not true for everyone around the world.

i think there is validity in the demand for cryptocurrency. what happens next when it comes to the application of it and the adoption of that application is what is most interesting and what were watching most closely. >> are investors pricing in the outlook when it comes to inflation or are they fundamentally misunderstanding the structural changes that might happen post-covid? >> i think we are all watching that. i hate to use the you were -- word transitory. it feels like it's already out there and known. there are right now immediate indicators that is accurate. lumber is my favorite example. we have already seen it pullback 25%. i do think that indication that were not come to hear much from the fed until jackson hole are accurate and these last couple jobs reports are helping them

stand by the 2023 vision. although we might see some type of push to 2022. the cpi numbers will be interesting. we will be watching them. until we hit the third tier of pressure, the wage inflation number, that we can continue to expected to be somewhat short-lived. here through the end of the year, then some normalization between interest-rate inflation and growth expectations. i know that sounds too good to be true. haidi: speaking of expectations, we saw the 10 year yield slipped below 1.5. where do you see the peak? >> we expect and we think we have to get above negative rates. that would be the general consensus that we can't stick with real rates in the negative territory. we are hopeful that we come to

some sort of plateau between 1.5 and 2% by the end of the year and we continue to hang out there for some time. we think that will help the cyclical trade as we continue to forward look, where can we have real growth expectations from here to the end of the year. haidi: it's always great to have you with us. you can get a roundup of the stories you need to know on daybreak. you can customize your settings to see the news that matters to you. this is bloomberg. ♪

shery: sources tell us credit

suisse is offering bonuses to select bankers in order to stop a growing exodus of executives. it comes after a trio of bankers left the lender for competitors. facebook says it will let all employees work remote if their jobs can be done away from the office. staff may get a pay cut if they move to a less expensive area. they plan to fully reopen most u.s. offices in october. global foundries has added four more backers to the planned ipo. sources say jp morgan and bank of america have been hired to take the business public alongside morgan stanley plus citigroup and credit suisse have been given more junior rolls on the listing. plenty more to come on daybreak

australia. stay with us. this is bloomberg. ♪ in business, it's never just another day. it's the big sale, or the big presentation. the day where everything goes right. or the one where nothing does. with comcast business you get the network that can deliver gig speeds to the most businesses and advanced cybersecurity to protect every device on it— all backed by a dedicated team, 24/7. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities.

>> make it clear to prudent and canada -- putin and canada that europe and the united states are tight. >> do you expect to come out with a legacy strategy for the world? pres. biden: i have one and i will be announcing it. >> we believe this virus is not going away, unfortunately. we think it will continue to evolve and we are tracking very closely the concerns. the company has communicated we are very committed to --

variants. we already shared clinical data that is very encouraging. >> we are seeing thankfully a coming together of like-minded nations and i think the timing of the g7 summit this year is fortuitous because it is not a moment that many of the g7 countries are coming out and seeing more positive domestic picture. a true global asset is necessary. of course it is. not just about understanding the origins of this pandemic but to ensure that we have the proper warning system and early action for any future pandemic. shery: matt hancock there as well as the mentor in a ceo -- madrona ceo -- moderna ceo.

this is the airport in cornwall. we are expecting president biden to arrive and the virus will be a key priority in the agenda when he meets with other e.u. leaders and manito not to mention the v7 will down to deliver one billion extra doses of vaccines over the next year. we will bring you the latest has president biden arrives on air force one in cornwall. global tax will be a key focus. rich nations bracing for china to seek exemptions from a global minimum corporate tax. a potential stumbling block for governments racing to reach wider international consensus on the plan month. for more, let's bring in tom mackenzie in beijing. what might hold china back from signing off on this deal? tom: we have this agreement from the g7 finance ministers around a global minimum tax of 15%.

they will broaden this agreement out to 140 countries and china will be crucial to that. they are part of the g20. china has the basic corporate tax rate of 25%. when it comes to the high tax center, there were a lot of incentives and tax reductions that china offers to many countries and often, the corporate tax rate for those areas and businesses falls well below 15%. china, and we know this very well, sees 5g, ai, robotics, electric vehicles, as crucial to its future economic growth. it does not want to walk away from it. it is baked into the five-year plan. it seems reluctant for beijing to walk back on those initiatives to spur attack -- tech innovation. it won't want to give up tax subsidies and tax cuts for those parts of the economy. it will push for some carveouts. they would undermine the broader initiatives. haidi: we are watching these

talks about to get underway at the end of this week among the g7. president biden and his entourage arriving at the airport ahead of that g7 summit. we know that vaccine shots two and the pandemic globally will be in focus including the extra shot to end the pandemic. 500 million shots being planned to be purchased by the biden administration from pfizer as potentially part of that effort. we also know so much focus will be for this alliance including the likes of australia who i guess the g7 will be built around. the powerful and dominant nature of china and its leadership. when it comes to the tax arrangement, are there any benefits for beijing when it comes to the global deal? tom: there is a second part of this broader agreement that

countries are looking for to avoid this profit shifting we get from what -- multinationals and corporations where the rate is lower. this is where china could actually benefit because it is home of course and it is a market for major corporations like microsoft and like apple. there is corporate tax in china in 2015. about 3% for the overall corporate tax take that year because of profit shifting. this is an area that the oecd, which is coordinating that effort, wants to address and this is an area where china could benefit and it could see tax revenues increase. >> tom mackenzie in beijing. we want to stick with china/u.s. relations. they are reversing bans on tiktok and wechat.

he is ordering a security review. let's get the details from our social media reporter in washington. as it has become a consistent trend, this is a reversal of some of these policies of the trump administration, seeking further clarification for a result that may also still come down hard on some of these companies. >>, that is exactly right. what biden did was really bring some sort of clarity to the situation. obviously, we needed -- caught up in a legal battle and that had put, you know, those plans on hold so president biden is offering his take on this. he said we are going to revoke these bans but also evaluate a number of different companies

and those might include tiktok. >> what does that mean? does that mean we could see them banned in the future? naomi: the biden administration would not say today. they did offer us a glimpse on the kinds of things they will be looking for. they will be evaluating whether these companies are being managed by people that support foreign adversaries, or even if they are collecting truly sensitive personal data. we will have to see what that review yields and whether it needs further actions against those companies but as we have seen, even just last week, it is not as if the biden administration has suddenly gone soft on some of these companies. >> just aiming for clarification on a case-by-case basis. our social media reporter on

washington. first word news now with su keenan. su: let's start with president biden who has warned that vladimir putin -- retribution if he menaces other democracies. the president made the remarks in the u.k. ahead of this weekend's g7 summit. biden says he has been clear that the u.s. will respond in a robust and meaningful way if the kremlin engages in harmful activities. the two leaders will come face-to-face on june 16 at a scheduled summit in geneva. china has blasted the u.s. for pushing a $250 billion bill through the senate that seeks to counter beijing's technological ambitions. the foreign ministry says china seeks to develop a win-win relationship with the u.s. and -- treats china as an imaginary enemy. the sweeping legislation includes 50 $2 billion for semiconductor r&d and manufacturing. the biden administration is said

to be planning to buy 500 million doses of pfizer's covid vaccine in order to share internationally. a bloomberg source says the government will buy a 200 million doses per share to distribute through the w.h.o. backed covax program as 300 million more doses in the first half of 2022. vaccines will go to 92 lower income countries and the african union. new data shows the u.s. taking the lead from china in the recovery of global air travel. flight tracking says domestic capacity is at 84% of 2019 levels and china displays to the u.s. as the world's largest air travel market after reining in the virus in the first half of 2020. it's domestic travel stood above 2019 levels for most of this year but the recent outbreak has been a setback. the u.k. statistics office says eight in 10 adults now have

antibodies which protect them against covid-19. the data comes at a critical time as ministers are due to announce monday whether the financial phase of the -- final phase of the reopening of the economy will go ahead. that plan has been thrown in doubt due to a rise in cases with the highly transmissible delta variant. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am su keenan. this is bloomberg. >> coming up, beijing is bowing to increase supplies of key consumer goods to keep prices under control. we get more on that next with darren friedrichs. this is bloomberg. ♪

shery: take a look at live pictures now of president biden's movements in the u.k. this is the airport in cornwall as he heads towards g7 meetings. we are take a look at air force one as president biden is now set to disembark the plane as we

have heard from bloomberg getting the draft communique for this g7 summit that they are pledging one billion covert shots to end the pandemic year. we are also seeing that the summit will call for a new study on the origins of the virus. of course, there's been a lot of tension with china and between many of these nations. we are expecting to see china become a focal point of the talks as well, haidi. i actually spoke to the u.k. health secretary, matt hancock, and he was telling me that this was a chance to bring together a like-minded nation in order to deal with common challenges. >> it has been interesting because with that global tax proposal, and the agreement, a lot of political science analysts have been excited at the potential for return to

multilateralism to the table after what has been a pretty fractured period of time under the trump administration and the disruption caused by covid as well so it is really encouraging also to see that with the u.s. making progress on the vaccine rollout, we are starting to see increasingly some of these countries turning focus on providing much-needed shots to the rest of the world to combat some of the -- even parts of asia and india. we have scott morrison heading to the g7 for these talks as well as a guest. a huge part of these discussions will be how this alliance potentially moves to deal with the rise of china. right? shery: as we await president biden to disembark from air force one, let take a look at some of the morning because ahead of the trading day area bank of america's technical analyst seeing major upside and european stocks which are already the world's best performing group.

italy ftse -- have all broken out from big bases in the stoxx 600. the message for the index could be that a secular bull market breakout with a longer-term upside counts to 660. haidi: did you know we are looking ahead to inflation data? shery: all right. haidi: that little print. huge amount of focus on this one. any upside surprises move lower in the short term. that is because it furthers the feds inflation objectives and supports the view that the fed will not lean prematurely against inflation. we consistently hear time and time again that the inflationary aspects that we are seeing are transitory. in the meantime, beijing's efforts to control raw material talks may include its runaway call market ended underscores the tough start on preventing

customers and consumers from feeling the pinch. authorities are planning to expand stockpiles of pork and tough and oversight of other -- so we did see some impact when it comes to the government wanting to just calm the situation when it comes to iron ore and the steel market as well. does beijing have the ability to bring down some of the exuberance that we see across multiple commodities classes? >> i think so, at least in the short term. long-term supply and demand will dictate price but relative to most countries, beijing has a lot of policy tools through state owned companies or banks so at least influencing prices in the short term or make it riskier for speculators to engage in bets. haidi: 20 take a look at the demand-side at the moment,

particularly where you are sitting from in shanghai, does it like short-term reflationary to you or does it feel like a longer-term structural change? we are just going to jump in and you can see on your screen u.s. president biden along with the first lady arriving at the key airport in the u.k.. he will be participating in those g7 summit talks with the rest of the world leaders. we know that scott morrison australia will be attending as well area so much on the agenda including of course the distribution potentially of one billion vaccine doses to the rest of the world according to a draft communique that has been seen that g7 numbers are preparing to have that amount of vaccine doses available. this as a number of these countries including the u.s. and u.k. have made quick hadley -- headway with their own domestic vaccine rollout at a time when much of the rest of the

world is in dire need of access. shery: this coming at a time when we are seeing fresh tensions over the origins of the covid-19 pandemic, right? as we can see, president biden speaking, arriving in the u.k. he has already told a u.s. intelligence agencies to come to a conclusion on the origins of the virus. bloomberg has also seen other documents that perhaps the e.u. is going to reiterate the need to get to the bottom of the origins of the coronavirus pandemic so really, haidi, we are expecting to see some fireworks as china becomes one of the key issues that they will be discussing. haidi: and of course, china has its own domestic concerns to worry about as well and the high consumer prices is one of them. beijing does not like to have to deal with high pork prices. it is a major component of that and it

well. darren friedrichs from stone x -- darin fredericks from stone x. darin: cpi has actually been a little bit moderated by the fall in pork prices. hauled prices in china are down close to 60% now. if you look at the cpi yesterday, we look at 1.3%. if it was not for the fall in pork prices, we would have been out 1.8%. they are providing the government tailwind because for consumers, -- even if some things are seeing inflationary pressure. shery: we have seen prices rallying in soft commodities. it seems that the weather is really not helping, whether we are talking about here in the u.s. or brazil. darin: that has been a global issue and that is part of the motivation for china to be

buying quite so much corn. it was doing record amounts last year as well as this year and part of that is to rebuild stockpiles. there was a multiyear effort to wind down stockpiles in 2016 and i think the perception is that maybe they went too far and now they want to get back to a comfortable level so that is also helping to fuel that inflation, especially in the market. shery: the campaign to curb prices, whether it is bloomberg hearing that they could be imposing price controls on coal, will work out for china when you see this local macroenvironment where you continue to see the recovery as well. darin: it will create a headwind and it is a similar thing we saw with some of the announcements regarding the appreciation of the renminbi last week. as they were saying, it is not simply a one-way thing. they are telling investors that there will be some risk and that sort of is at a time when a lot of people are expecting to have

longer-term commodity bull run so i think investors have to weigh the inflationary aspects versus sort of what beijing might do from a policy perspective to tampa that. shery: great to have you on -- to tamper that -- to temper that. shery: great to have you on. a bloomberg scoop. credit suisse is offering bonuses to select bankers to stay with defections mounting. details ahead. this is bloomberg. ♪

shery: we have exclusive reporting that credit suisse is offering bonuses to select staff to stay a string of scandals that rocked the lender including the collapse of a capital management company. should alibaba stack joins us -- our reporter joins us with the latest. what do they say about the investment banking business at credit suisse? >> it is a great question because we have seen a great turnover in leadership but we have also seen a number of people who have been looking to jump to other firms with different businesses in the investment bank so at the end of the day, you will look at the investment bank and say, ok, what is there? an investment bank, all it is is a collection of talent. you have to ask yourself, ok,

wait a minute. how much do we spend to keep the people that we have -- how much do we spend if we want to grow the business and be competitive on wall street with a record deal making environment? and also credit suisse does have tough decisions in front of them. haidi: what are the bigger organizational issues we are talking about here? sonali: credit suisse is one of the biggest global wealth managers. people thought that having an investment bank helps offer more as well and then there is the asset management unit where we have seen a lot of the issues tied to these illiquid funds. at the end of the day, it is not just talent they have to answer to, it's their own investors and clients.

we are going to see that he has been pledging a thorough review. how long do these problems last, what kind of regulatory issues will they face if they decide how to make it through kind of the worst of these challenges and make their business not just kind of handling these fires, but also a competitive business on top of that? shery: sonali basak with the details. it comes as no news to you i think when i say that some of the australian cities have always been one of the most livable cities in the world. you just have to look behind me. we are so used to seeing, when it comes to the livability index, seeing a number of european countries. vienna has always been way up there. hamburg, frankfurt. so many of these european cities we are seeing in the latest

ranking, they had their positions shattered as a result of the handling of covid-19 and how the pandemic has really wreaked havoc across their health care system. there is a really distinct trend here, shery. the countries and cities that have had border closures and very low cases of covid have ranked very highly. six out of 10 cities are from australia or new zealand. shery: none of the u.s. cities are up there. we have seen honolulu and houston climbing the most but still not there. what i agree with, osaka and tokyo ranking second and fourth. i lived in tokyo and it is beautiful. i loved my time there. his stability but also really good food. i really agree with that ranking. living conditions remaining the worst in some of those really challenged countries like damascus as well. coming up in the next hour, the market outlook. an etf company --

our guest joining us from new york. that is it from "daybreak australia." "daybreak asia" is next. this is bloomberg. ♪ we know how much you count on us...

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haidi: a very good morning. i am haidi stroud-watts in sydney. we are counting down to asia's major market opens. shery: i am shery ahn. welcome to "daybreak asia." g7 leaders promised one billion extra vaccine doses, hoping to end the pandemic next year and they are preparing to call for a new study into the origins of the virus.