after she was told that she was carrying 7 babies the 2 additional little ones came as an additional surprise the doctor says that all 9 children and their mother are doing well. you're watching the news my colleagues and i will be up next with you business news stick around she will be right back. every penny counts for us and for our planet. polluted mind yours is on its way to bring you more conservation. how do we make cities screener how can we protect animals and their habitats what to do with all our waste. we can make a difference by choosing reforestation over the floor station recycling over

disposal or smart new solutions overstrained said in our piece earth is truly unique and we know that that uniqueness is what allows us to live and survive global ideas the environmental suit to global $3000.00 on t w and on mine. u.s. president joe biden's administration is backing a global waiver on patent protections for 90 vaccines the w.h.o. calls the move a monumental moment in the fight against the pandemic. also on the show that you suspends its controversial investment deal with china as relations worsened between the 2 sides over chinese abuses in sendai and hong kong. this is the business i'm joined on so happy you can join us the biden administration is backing

a proposal before the world trade organization to waive intellectual property rights for covert dying teen vaccines a waiver would remove obstacles for firm super duce copies of the vaccine potentially ramping up supply especially in developing countries proponents say the waiver is in the w t o's tool box already and argue that a once in a century pandemic is the time to use it. the united states trade representative catherine thai made the announcement saying this is a global health crisis and the extraordinary circumstances of the cove and 19 pandemic call for at sir ordinary measures to new york for us yeah tell us what's the response been. yeah there has not been immediate comments from the pharmaceutical or biotech industry but you could clearly see reactions on the stock market and that especially true for those

smaller vixie and makers like they do not have any other product. to offer but the vix seen so that stock took a dive once we got. the news some of the same was true for a cure wake or beyond take both trading at the. tech exchange we have to clearly wait and see how this whole story develops as far as i understand all 164 members of the world trade organization actually have to agree to this hate and decision and we will see if all 164 members will follow suit which of by the way we had heard from. even before this ruling if you want to call it that that they would be availing to actually license the patents to other makers of pharmaceuticals and then the pharmaceutical industry in general they were quite

opposed to. let it go was the interaction of property there saying the real issue is that we need more material to not necessarily share the patients with other. vixen makers thank you very much yes quite they're there for us i'm now joined by sapna kumar she is a professor of intellectual property law at the university of houston welcome to the program sapna put this move into the gaps for us how much impact is this move from the u.s. going to have in terms of ip protections for co the vaccines. well on one hand this is very significant the u.s. government has a long tradition of punishing countries that import or produce drugs without the pharmaceutical companies permission even during times of crisis on the other hand significant obstacles do still remain in terms of whether the european

union and other key players will ultimately agree to join the u.s. in supporting the us. why is the u.s. doing it at this stage the biden administration had promised the ip rights would not be an obstacle to the cove in $1000.00 response so part of this is filling a campaign promise and part of this is sort of a growing realisation that pharmaceutical companies have really been calling all of the shots and that perhaps they haven't been acting in the public interest and maybe it's time for the government to take a more aggressive approach what kind of pushback do you think we can expect from this what we can expect is for pharmaceutical companies to claim that this will reduce incentives for than to invest large amounts of money in future

drug research if we take away too many of those incentives then the next time there's a pandemic who will develop the new drugs on the other hand it's worth saying that governments such as germany such as the united states have paid a lot of money for this research and that only a small sliver of pharmaceutical companies profits come from lower income countries how will this work in practice. my guess is if the countries come together and agree this will come in the form of a waiver such that countries are free to produce vaccines without having to pay royalties to the pharmaceutical companies that hold the relevant patents and this would be a departure under current law at bay are required countries are required to pay

compensation when they use patents to produce drugs without permission. professor software kumar thank you very much for your time today thank you. now to some of the other global business stories breaking news. india has released $6700000000.00 in cheap financing for hospitals vaccine makers and other health firms to counter the devastating coronavirus surge gripping the country reserve bank of india governor shakti counted us also vowed to deploy unconventional measures if the crisis worsens india reported a record $3780.00 deaths in 24 hours. exercise equipment brand peloton is reversing course and recalling its treadmills the company known for its interactive by classes says the recall covers more than 130000 units the u.s. is consumer product safety commission says adults and children are susceptible to

being pulled under the belt of the machine. general motors has reported higher 1st quarter profits this fight a shortage of computer chips that has slowed global auto manufacturing the u.s. government says it hopes taiwanese chip benefactors will allocate some of their supply to american companies. and staying with the auto industry tesla's new factory near berlin is key to its european expansion but work has slowed there lately where the plan july opening now push to the fall in the fast moving electric car market where big brands are gearing up to challenge tesla every delay is cause for concern. authorized personnel only here at the site of tesla's new plant under construction just outside berlin this fire safety contractor is excited to be allowed in some us is my 1st time here we got a call because they're having some difficulties they want us to take

a look at argo which is what was once the plant is almost finished but it still lacks final approval by the regional environmental authorities a sign of the snail's pace of german bureaucracy if it is i told you i think it's sad actually officials in germany need to be a bit quicker and in cases like this push things through if we're going to get something innovative like this we need to adapt a bit and move things along on fossil gonski the addition of a huge battery factory next to the car plant means yet another round of approvals and permits are required the site was plans to open in july but one report suggested it may not open until january 2022 tesla says an october opening is the new plant whenever the plant finally opens the model why earmarked for production at the new factory will be key to tesla's growth strategy we think well i will be selling. it will be any in the world and only next year it's an optimistic forecast but carrick spirit said the risk for dominance in the economy

is far from over especially in europe. it is c.d.'s a little all these classic automakers are building electric vehicles these days folks wagon is moving full speed ahead. that means the competition has become very very steep. when car buyers here are more likely to turn to the tried and trusted brands love engine out. that will make it harder for tesla to grow in europe. you know. locals are watching closely to see what happens next environmentalists are worried the plant is partly located inside a drinking water reservoir raising serious concerns over future water consumption and possible shortages but the local economy needs a growth spurt the population here has declined for years as people move away for work take who are taking vehicle to move the high tech automotive industry means more industrial jobs they need all sorts of industrial suppliers the plant will

attract service providers that's an opportunity for mid-size companies to fill orders and take part in the project so. this man is also hoping the factory will bring him business to now he's visited the gigafactory for the 1st time he's hopeful he can secure a contract with the american economy for. 2 e.u. china relations now the rocky road to ratification just got rockier the e.u. has shelved its efforts to win approval for its massive investment deal with china aster tit for tat sanctions were imposed over beijing's treatment of its weaker population here in commission vice president alderson brodsky's said tuesday that future efforts to ratify the deal depended on how broader in u. china relations evolves investment pact was pushed through by german chancellor angela merkel in december but had been expected to face opposition in the european parliament. now amid this atmosphere of growing mistrust the european commission is

also moving to tighten rules on foreign investment with china in mind one key aim is to limit the ability of companies supported by foreign state subsidies to buy businesses here is competition chief by plate of a standstill now companies have been free to use foreign subsidies to buy up businesses here in europe. some of being able to undercut their competitors in public tenders not because they're more efficient but because they get financial support from foreign countries and that's not fair to most of those companies who do not get that kind of subsidies and a reminder of the top story this hour. the biden administration is backing a proposal before the world trade organization to waive intellectual property rights for over 9000 vaccines a waiver would remove obstacles for firms to produce coffees of the vaccine potentially ramping up supply. the e.u.

has put on ice efforts to win approval for a comprehensive investment deal with china to response to recent chinese science and starting members of the e.u. parliament which the european commission said are unacceptable and regrettable. thank you so much for watching. how does a virus spread. why do we panic and when will all of this. tremendous through the tax and the weekly radio program. if you would like and more information on the crown of irish or any other science topic you should really check out our podcast you can get it wherever you get your podcast you can also find us at dot com forum slash science. and you

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with to understand this new culture. another visitor another guest you want to become a citizen. in for migrants your platform for reliable information. the french revolution the battle of trafalgar and of course the battle of waterloo he springs to mind napoleon bonaparte of course 200 years since the french military leaders untimely death in exile we take a look back at his controversial legacy and also coming up. as cultural life trickles back into the eternal city our reporter talked to romans who are setting their hopes on a swift return of the italian capital's pre-planned.