no, i no, no no the the bad for business and the battle against the corona virus, german farm cure vac failed in a key code 19 vaccine trial. the share price swamps. european stock slide. the fed hints at raising interest rates sooner rather than later. but the pen gets over the date and is it the calm before the storm?

as the current set holds just below the $40000.00 mark, we take a look at the future of the contentious crypto companies. because all the business to fail where so many other pharma firms have enjoyed such sweet success is bitter and such a downer in the fight against the karone of ours. but thank goodness we've got more than one vaccine because cure backs isn't up to scratch. that's the result from an interim analysis based on a 100. so if you, for covert cases in a study with about 40000 volunteers in europe and latin america, germany's cure back was supposed to be one of the big players in the fight against covert 19. the european union had ordered 400000000 doses off it's vaccine. optimism was high earlier this year, when cure back ceo from santa hoss joined in a conference call with your health officials. we are planning to have a conditional markets approval. somewhere in end of may beginning of june,

depending on the data. of course. at the moment our data read out, what we can see is that we can expect a high efficiency there as well. and we are following, certainly also with a varian. now the bad news stage 3 test results have shown in a fixed rate of only 47 percent, far less than vaccines made by competitors. and under the 50 percent minimum rate set by the world health organization. stock markets reacted immediately, was cure vaccine, plunging at times by almost half their worst daily performance since the company's august 2020 i p o. research will go on at cure backs labs. but for now, the company is unlikely to play a major role in the short term fight against the virus. let's see what chelsea

delaney has to say about this. chelsea. how did it go so wrong? especially considering how many of lead the way yeah, it's really a spectacular rise and fall through your back. if you think back to the beginning of the vaccine, raise your back was one of the most hyped up companies out there. this was the company that the trump administration tried to convince, moved the u. s. and exclusively give the us their vaccines for a 1000000000 euros, set off a huge ro over vaccine rights. and who gets those in, in the end germany itself, the german government invested about 300000000 euros into the company and got it to stay here. but there was a lot of interest in this vaccine, and it clearly just hasn't panned out one problem for sure vac is that they started doing their clinical trial clinical trials later than pfizer and by on tech. so most of their trials have happened this year when we've seen the explosion of

a lot of area and kind of made it more difficult for these vaccines. so that's one reason why they're ethic, if you didn't, rate might be lower than that of pfizer. and by intact, but at the same time it's just if the calculator lower, and it's not even clear if they would get approval from madison's regulators if they do submit it, like they say they are going to be. the european medicine agency says they want a 50 percent advocacy, right? this is clearly below that the german government doesn't seem to be all about worried about it back. same drive thing. this is set back, but what about the global rates? backs the world? yes, the europe had that pretty big on this, and they had been expecting over 400000000 doses, but they say that they have really a strong pipeline vaccines. now in part because visor in biotech, really stepped up their game and are producing a lot here. so i'd say we heard from the german health ministry of this won't really upset the roll out here in germany, probably throughout europe,

but for the broader world this vaccine was likely to be a bit easier to distribute. it doesn't require the deep freeze refrigerators that other vaccines do. so for the global res, this is certainly a bigger disappointment. financial correspondent in frankfort, chelsea delaney level stock market have made an amazing recovery since the great pandemic plunge. but when will the real economy be able to bolster the 1st post crisis interest rate hike? us federal reserve had pencilled in 2024. now policy makers indicate the raise rates twice by like 2023. higher interest rates can discourage corporate borrowing and expansion or how has come under pressure to tighten monitoring to rising prices . but he also wants to encourage jobs, grow up, keep grayson low for longer. here my colleague steven beasley spent to our new york correspondence earlier well,

but the federal reserve definitely said is that they don't play the inflation risk at least for now. and the other side, they did state that the labor market is by far not where it used to be before the pandemic started. but to share jerome powell actually did say that there could be further massive improvements in the labor market in the month to come. so that is the clear message from the federal reserve, at least for now, the monetary policy is not going to change. they still see inflation pressure to be temporary and the labor market not quite there by the fed, would like it to be. wall street not a fan of this decision. what can tell us? well yes we did see a little bit of a set off on wall street and we shouldn't forget that the stock market has been on a sugar high with all the cheap money that we've seen for so many years. then at

the end of the day, investors do not fully build the federal reserve that they're not going to change monetary policy in the near future. and they actually saw this wednesday meeting as another baby step towards the changes in the monetary policy. we won't see interest rate increases and that sue and about, for example, they could to very well at some point, at least and limit the amount of bonds and as effect security, that the fed is still buying 120000000000 dollars each month. so that could change within this year, bitcoin is looking common today, but when will the roller coaster bright start again? 2 months ago the crypto currency was worth nearly $65000.00 the highest ever since it was traded or founded about a decade ago. but its back around 40000, that's around 40 percent. less than where it was trading in mid april. critic say it's highly speculative and the best it should stay away. the virtual currencies,

more recent highs and lows have also been subject to the whims of entrepreneur either mask his support or criticism of bitcoin could drive up the price or send it . like i asked the crypto skeptic for his take on bitcoin, which more and more companies and countries are accepting el salvador as made it legal tender. well, 1st of all, as i was a very small country and they just do it, i think for financial inclusion reasons, which is okay. but i don't think that developed countries will start to accept the bid going as, as official currency. because, well, they will be highly problematic because if money is scars and taxes are not only paid and the reoccurring theme such as the euro, the us dollar, but also in bitcoin, then the countries do constrain their spending capacity. and that isn't the good

thing for, for country to, to, to do now. maurice. besides bitcoin financial instability, a lot of us know the mining, the virtual currency eats up a lot of energy. but what do you think of the effort to improve its carbon footprint with clean electricity? well as long as we do have bid going ass speculative object, i think it's a good thing to do because i think it uses the same amount of electricity at the moment such as i tina. so the whole country so very wasteful. but although i don't think that the block chain technology, which is good in itself, it's a good technological innovation is necessary for a currency because the decentralized and and i was process isn't very, isn't the characteristic that money or currency needs. maurice,

give us your take again. where, where do you reckon big coin is going to be in the next 5 years? i know it's a big question. hah. and too tough to say. well, there's a whole called their own bitcoin and well it can go even higher in its price, especially if you're in math, i can comes big on the show again. but, well, it can also go, go the other way and for quite low in its price. and i think over the over the long term bitcoin will fail because of its faulty characteristics or construction. and yeah, so my, my bed is it won't become the official currency and it won't play a big role in the years to come. economists have can there thank you very much for being on the show. good to talk to south africa. could be about to put some shine on these old pieces of dried up meat. analysts say

a global market boom for jerky during the pandemic. is that the continued and south african produces one to cash in on the surge by trade marking their own special recipe. internationally. here says african favorite is being made. built on his beef marinated with a mix of spices, salt and vinegar. it has been dried for several days, which gives it a unique, savory taste that has become popular all over the world, hoping to uniquely saw the product of for shoot off on even call it. so this is what we find. it's been copied and made over the rule that the moment under the name both, we feel the name both all should be protected as a service. and product factory alone produces 40000 kilograms of built on each month for the local market to capitalize and surging international interest,

so that we can producers want to trademark built on and prevent manufacturers in other countries from using the name for experts warn it may be too late is very popular term and popular product. i mean, if you look at the mortgage just throughout the world are the 200 applications, including the i thought on indicating, attract, around 15 united states, 37. and this is very popular. and the question for the challenge really is to put the genie back in the bottle, all able to resist this, encapsulate this term and on it. local products, like roy, both terrible are already internationally trademark. where do we adding bill? talk to the mix? won't be the so that can be, can only be exported once. it has been approved by local officials and undergone stringent testing by authorities abroad. that means built on has a hard time reaching potential international market. what we looking for is

essential protection that porter produces god for portugal and champagne produce is good for france. we're not going to solve problems getting a product exported, but we at least might get a little. trademark is complex, but the struggle said african economy would welcome any potential boost in exports . i think business if you the, the the fight against the corolla virus pandemic. how has the rate of infection in developing? what does the latest research information and contact the corona virus not change because of 19 special next on dw,

can you hear me now? yes. yes, we can hear you. hello, germans house. you bring your uncle michael and you've never had before the prize. just so with what is who is medical? read me back and walk back to people who follow along the way. admirers and critics the line. and how is the world's most powerful woman shaking her leg is paid, join us, the macros class. the the the drug companies say they'll be enough doses to vaccinate most of the world against covered by the end of the year. realize nations away ahead. but out of the one and a half 1000000000 shots given so far, the only point 3 percent has gone to the globes poorest countries. various plentiful vaccines fitly to make and challenging to transport. been there were the

politics and money. experts warn it's bad for everyone if only a fraction of answer protected many developing countries are still waiting for vaccines promised by the code banks donation program. china gave 200000 doses to chad this month. the 1st i seem to reach the country where officials and trying to fight the pandemic with limited testing and treatment capabilities. w. west africa correspondent french horn. the reports i to ask. chad has we been against the pandemic scene of the scene for at least 100000 people? not much for a population of 16000000, but it's something this is the country as men testing facility in the only proper hospital. they have been fighting the crone of us almost rind. last

to test turned a copied in 1900 situation was katie at the beginning of the per, we tested the patient who can speak, and some of them tested positive. some of the health workers and other patients died of course, 19 percent in this pump. official. if you guys show this on 5000 on he fiction, i'm sure i've done 20900. that your numbers almost sutton, a higher and health care infrastructure is so poor that creek infrastructure and putting tickets to the chad near the bottom of the east for international. but fin help until the last 2 week, when the coffee to 1900 task force called top ties from china cohen that fan fun. when we received c, not fun things, it was really great joy for us. please, you will receive

a call to work because peter greene is going to make patients with preexisting conditions. our priority officials know the chinese donation can only be the 1st step. these fridge is ready for vaccines a year to come visit with him under the covert program. and he would get those up to like smith, at least 20 percent of the population of chad verified. love with us or for now, if you come from a seems to many skeptical its origin more if we had the means to get other fi records. but if we don't have the means, and this kind of works, and we'll just because if the chinese vaccine doesn't mean that the scene of scene doesn't kid have a repeat or us approval. but the world health organization phase,

it offers up to 79 percent protection in charge. people i used to taking what they can get this message is from the doctors without borders. nice to see you again. that report made one thing very clear, the back thing distribution is totally unequal. what's the main problem in your opinion? i think the main problem is that the distribution through co, back as we're both originally planned. so that covert could be an international distribution mechanism. then was on the mind by live by natural deals that were made by the us by the u. k. also the european union. and they basically bought of x t markers. so there was some little left over for callbacks to actually distribute to poor countries. and now with the top of expectations from india and heavily reliance of the callbacks mechanism on the supply from the term institute of india

receive, this is a grave problem and therefore they're not many victims left over and in the report said by the end of the year 20 percent of chance will be able to be vaccinated through cobra. that is probably a number that can be reached at the rate the correct is going. so kofax doesn't work, doesn't a does work in the sense that adults supply vaccines to the poor countries. what it does not reach is goals that as a pet itself, or it was supposed to by june this year, read $3.00 of the point percent of the populations. but it has only be 25 percent of this. and as i said, till the end of the year, covert was supposed to supply $2000000000.00 doses of x teams as looks like now, only half of that number will be reached. production is obviously a problem as, as we've mentioned a few days ago, there was a newer p m. parliament called for a temporary waiver of payton,

which would allow poor countries to produce their own vaccines. how hopefully you that, that will finally happen. we see now and talks and announcements that there are more companies will be more open supposed to be more open for also more voluntary licensing deals. and for technology transfer, we hope that this can happen. fast studies have shown that within 6 months, technology transfer can happen. also for m r a base vaccines. so we urge countries, but also companies to quickly tech transfer so that we can have a scale of all production. because as you see, the distribution is on equal and when we have more production worldwide, we will have less dependent fees on a few producers that we have at the moment. but elizabeth's ease found the giants are just going to give up that technology for free. ave, while they have received billions of dollars and text taxpayer funding and public funding. so i think at this point it would be key to share the technology that has

been also developed as in the case with m. r a also with public funding. so it's something that we are saying in this case that have already been profit made by companies like 5 and by young like modern or they have made the profits already. and now it's time to still put them in to have the technology shadow pace and or ex, lift the pace and so that there can be a scalable production. because as we've seen, we are not managing to reach the goal that we wanted to reach. and yeah, people in poor countries are waiting for the next team. so government need to put pressure on these companies. i mean it, with governments that did these deals with these companies and gave these companies out taxpayer money. why do they see the problem here? i think we see a little bit of a divide between the rhetoric and the words being used and saying of the panoramic will and only run it and for everybody. i think they're wearing there for that. but i think a little bit, the numbers and the actions divide from that

a little bit because we've seen now the past weekend, the g 7 have donations vaccines, but it's not enough. they're announced a 170000000 doses. the w h o has responded and said, thank you. that is a good effort, but actually we need 11000000000 doses. so we see there is a divide in the action and also with the voluntary licenses. yes, the audio being made, but not enough for the global demand that we are seeing. you mentioned the tech transfer that has to happen. the licensing problem is also the export band problem . india being such a big producer, what need to change their i think all these, all these hinderance of these barriers for more global production and global distribution needs to be worked on and they need to be lifted because there's no such thing as only the peyton barrier needs to be lifted only the export band needs to be lifted. there needs to be a combined effort of all these things that needs to be

a waving our patients export fans and the sharing of technology and know how only then will we have a fast scale up and more big team for people worldwide. faster from dealt with on boarded. thank you very much for being on the show today. thank you. time for your questions on the corona virus. over to on the science correspondent derek williams . paul, her friend refuses to get to fact theme because he believes fee to to she was used in that department. this is true. this topic is a really tricky one to talk about. and there's plenty of room for ethical debate. but, but i want to just focus as much as possible on the science. and 1st of all, let's get one associated social media room, or out of the way coded 19 vaccines. do not contain fetal cells or

fetal dna. those are not components or active ingredients in any vaccine. however, what are known as fetal cell lines has been used or are being used in different ways for the development. and sometimes the production of various vaccines. a fetal cell line is a line of cells that was established in the past from an elective li aborted fetus that can be propagated in the lab practically indefinitely. the cell lines used for over 19 vaccine production and development were 1st isolated many decades ago. now that the cell lines have been used as tools in the development of covert 19 vaccines should not, in, and of itself come as much of a surprise to anybody. fetal cell lines have been used for well over over half

a century to develop and produce a wide range of vaccines for other diseases from, from hepatitis to chicken pox. and those vaccines have prevented a huge amount of suffering and death. critics of methods that employ fetal cell lines say that more should be done to promote alternative systems. proponents, on the other hand, argue that other systems are less effective. leaders from the worlds may religions are, of course, divided on the complex question of whether or not back seems made with the help of beatles cell lines are morally and ethically acceptable. but, but many of those leaders, while ambivalent about such vaccines, have also not prescribed them me and japanese companies

helping out with the country. sluggish vaccination drive ahead of the olympics. they had of software on self bank has been showing the vaccination is minister around his company's own vaccination center in tokyo. something says it'll set up 15, others like it and not just for employees. so if i run, the 13 percent of japanese population has received a short tokyo is under a state of emergency just weeks before the games effect that again thanks for watching. stay safe. the, the, the the news,

the news, the, the, the, the no more protection denmark is the 1st country in europe to expound syrian refugees . this was argued for syria or cedar again. but the people affected by this ruling, or they will be arrested and detained upon arrival.

ah, focus on your ah, in 30 minutes d. w. enter the complex zone with sarah kelly i citizens cope with unemployment and inflation president through hardy is getting attention for blocking twitter around for an apparent violent crack on protesters who call for the police violence. my guess this week from berlin is my theory and bassett or joseph. how does he explain the traffic of this conflict? by 90 minutes on d w. o. the point where i come from, i never saw the way up in brazil,

the sun was always the man since the voice of his words per son, masculine. when i moved to germany as a 10 year old, i watch on tv. that was how i see the world. because now with the sight of a girl, i was a funny instead of a deep voice extra, this guy seems absolutely incredible. i realized how language shape, thinking, how definitions for me not only mental images put our whole perspective of the world inside my life. and was one of the reasons i became a journalist. i miss tory kelly, and i use my words to help with infant cultural understandings. my name is elena quinn and i work at the me ah

ah ah was the business the w news lived from berlin another blow to press freedom in hong kong. an orioles stop at a pro democracy newspaper, arrested this police, right. houston, colluding with foreign power. also coming on, china celebrates 3 of us with a new, unfinished base station. it's part of a mission and challenging us leadership and orbital come in as the germany

secret police or stars. we kept millions of.