you're more likely to walk free if you're rich guilty if you've. got 2 eyes and ears in one now. so you should be seen in here and a whole lot more than you're saying if you don't take that advice easy going to do it yourself. this is a boom bust the one business show you can't afford to miss i'm in washington coming up are teed up all of us sit down with one of us russia but next 5 back to the

producers for an exclusive look into the shot as russia plans to vaccinate the general public as soon as next week. for a country to authorize emergency use of fighter and biometrics for the team back to britain is also looking to roll out that are seen as really that we have a lot to get through so let's get started. as the world moves closer to mass vaccinations against covert 19 russia was one of the 1st countries to register its sputnik 5 vaccine several nations have raised questions regarding the back seems africa c citing a lack of data according to a press release from the country's coronavirus headquarters russian president vladimir putin announced his plans to begin large scale vaccinations as early as next week with millions of doses already produced in the country you leadership of all of us sits down for an exclusive interview with the c.e.o. of one of the company's top. to mass produce the sputnik 5. demitra.

bio cad one of the companies expected to launch production of the coated 1000 vaccine is that correct in just one of the word thank you in fact we are already manufacturing the vaccine the only question is the volume and the time it will take to complete the order let's be more specific that which vaccine are we talking about we know that there are currently 3 different vaccines available on the russian market which if. i am of course talking about sputnik 5 developed by the gov research institute which at the moment the vaccine is undergoing clinical trials but it has already been registered and is being produced to vaccinate specific population groups with which you have a contract with the government to produce the vaccine correct. it's all very simple really we serve as a platform for the contract but the whole process is put together and managed by

the gumbel a research institute in collaboration with the health ministry our role is to fulfill the contract by producing the required number of doses in the established timeframe. how many doses do we need. that is determined by the health ministry i know our colleagues there have developed a detailed and nations schedule and you have the capacity to complete the order. certainly as part of a larger mission we have specific objectives and target volumes to reach and not just us our companies carry their share of the load. we know that for russians the vaccine will be free and the vaccination voluntary compared to other vaccines including foreign ones is the cost of production higher or lower. i'm not authorized to disclose the pricing details at this moment but i can assure you that it's very affordable all. so you already mentioned the entire program is state

funded i'm sure this vaccine will not be distributed via commercial channels at least for now. what about potential orders from foreign countries. the russian direct investment fund is actively working on this you must have heard the c.e.o. curly read 3 of speaking about this i talked to him yesterday they are now discussing the possibility of exploiting the vaccine abroad it's been reported that vaccine production will be launched in india as well. for the move and you've got to know who i can confirm that there is a cooperation project to this end underway with a partner from india and another partner from argentina and we're also on track for similar cooperation with south korea we all know that other countries are developing covert 19 vaccines as well including the u.s. and the u.k. we have also heard reports in the media about the russian back scenes being 92 percent effective it was the most interesting thing here however is that we are in

fact talking about 2 vaccines the vaccine developed by the economic research institute consists of 2 different shots it's a quite complex task in terms of production because you have to manufacture 2 vaccines as opposed to one ok then what if other manufacturers produce a simpler vaccine one that requires only one shot would it be a short cut to the same goal. but then you will see the effectiveness of the short cuts once the clinical trials are completed but also time will tell which vaccine is more efficient and provides better immunity in the long term western experts say that we russians are rushing into this because any vaccine needs to be tried and tested for a fairly long period of time and we've done everything so fast it's obvious of course that we can't drag our feet here because we need this now. what our western counterparts make statements we need to look. very closely at who does it and what

they're saying exactly for example they frequently complain that the got away institute hasn't published enough data and so on when you question the station i mean. personally i think there isn't enough information on either russian made vaccines or the vaccines that are being developed in other countries in terms of their safety how can you prove that they're safe how are you going to convince people to vaccinate that's a very important issue another question is what is the human adenovirus where are you going to get it to make the vaccine by this point we've seen convincing data that proves the vaccine is safe it was proven during pre-clinical animal testing i'm talking about safety now not effectiveness that it was proven during clinical trials on healthy volunteers we've done all bad statistics show that the vaccine is safe you also asked where we would get the adenovirus that's part of our job of course and the job of the researchers who develop this vaccine there are special

cell banks for that. we'll go back seen effectiveness and very depending on the age group will only be able to tell after the trials are over and who the right no additional clinical trials are taking place for people age 60 plus some data will be published in the near future as to what extent this but no 5 vaccine should be administered to older people well but also not a financial question as we know that production has a financial aspect to it and is linked to a lot of risks in case some trials are wiil that the vaccine is not as effective as we had hoped wouldn't it make sense to 1st produce a smaller batch rather than go into large numbers right away we've been watching our western colleagues who have encountered a number of negative side effects during their trials and we saw that those experts suspended their trials and studied the causes of those negative side effects then based on this research they make special risk profiles explaining which patients should take the. seen and which should so the groups of people to be inoculated 1st

are determined according to this risk profile and the research data that's available do you believe in the spot in the back seen i do i've had my shots already and your family my family to both my wife and myself not my children though as there is no reason to vaccinate them i got it when the very 1st clinical trial started and my wife a bit later so our country has enough production capacity to complete the state contract which would be how many doses this is determined by our health ministry based on our epidemiological model but you must know the numbers at least for the early stage i have signed the name so i cannot disclose anything but i am positive that our production capacity will be enough to handle. the united kingdom is the 1st in the world to formally approve the pfizer and biotech over 1000 vaccine pizer c.e.o. called it a historic moment on one say the u.k.'s medicines and health care products

regulatory agency granted emergency approval for the vaccine which they say is 95 percent effective in preventing severe illness biotech chief medical officer said it already began the process of delivering the drug to the u k. we have started immediately leave a process of delivering vaccine with delivering all of axion and we expect that for all of the vaccine in the u.k. we will happen within the next couple of days. british leaders the elderly will have priority followed by frontline workers and social workers both the us and the european union regulators are going over some of the data but they have not yet decided on whether to approve the vaccine for more we're joined by the total investigative journalist been swan and board member of the british american business association hillary for which hillary good to see you hilary let's start

with you how big of a deal is this for the u.k. to begin the distribution of pfizer's vaccine or sara pleasure to be back with you and short it's a big deal to aspects of this though and 1st of all the deployment and then what this means is of a the e.u. in terms of the deployment simon stephens' the c.e.o. of the n h s s that's the national health service has said yes the deployment is ready for next week and it will 1st go as you mentioned to me and to the front line health care workers so that's going to be staggered throughout the u.k. there is an office in the u.k. currently since this is a dose vaccine for vaccinations to a car for about a 3rd of the population 66000000 people so a 3rd of 66000000 people will get these vaccinations and it will start quickly i think the one point is that of course the u.k. with the n.h.s. has a very centralized system the caution then is though by jonathan he's the deputy medical minister for the u.k. as he said you know this vaccinate vaccine is not like your gut it has to be stored

at minus 70 degrees and you can take it in and out of refrigeration like you can in your gut and open it and close it and put the lid back on and put it back in the refrigerator so there are also logistical concerns as to how this will be deployed but nevertheless the n.h.s. is centralized and i think you'll see this rollout. asked quickly next week rather fast and it will be efficient and and well done this is in contrast of course and this brings us to an issue we discuss a lot is in contrast to the e.u. the german minister pita lysol has said that he doesn't see why the u.k. is rushing into this and that the the committees have to be far more far off and so the e.u. is going to be reviewing this and the result should come out december 29th and then obviously that's the pfizer vaccine and the madonna vaccine on january 12th so all projections all at least that will be about a month later in the e.u. at the earliest so to answer your question and not show a big deal sara that the e.u. has moved so quickly or a big deal especially for the u.k. who has struggled to contain the virus in the 1st place and like you said not

without facing some issues as far as administration how they plan to administer the vaccine exactly and we may see even more problems it doesn't look like it's going to be as easy as as they claim or say they're trying to make it but then both pfizer and mr know that they're seeking emergency f.d.a. approval here in the united states as well but both companies are also seeking that approval in europe at the same time right. yeah they are and i hillary covered a lot of that so let me just say this about both modern and both pfizer and by the way fantastic interview to lead off the show with there's a lot of information there about this but the vaccine and what that ultimately means as well but it really comes down to 2 major issues with the vaccine number one is as hillary was talking about storage of those vaccine units so in the u.k. in europe in the united states there are big questions about that there's also big questions about who gets the vaccines 1st and of course the question of how long will it last we don't know the answers to the questions about the actual efficacy in terms of long term protection for any of these these vaccines because they're so

new and there hasn't been enough research done number one number 2 it's also important to remember that there are indications that these vaccines may not prevent someone from spreading the virus so it may prevent you from getting sick but it may not prevent you from spreading it so there are a lot of questions about that as well and then thirdly there's the the issue of who gets it obviously there's a lot of talk about it going to front line workers health care workers and the elderly 1st but it's interesting what was said in that interview with the russian scientist where he mentioned that in russia you know his wife has taken it he's taken it but his children will not because children don't need the vaccine dr anthony fauci just said the same thing very similarly here in the united states recently not about the vaccine but about the fact that kids don't really get sick from this he said it over the weekend and that kids are the least at risk so the question is will the u.s. and europe treat their vaccines the same way that the russians are in terms of not necessarily giving it to children i doubt that will be the case but it's in that an interesting contrast in terms of kind of the political dynamic

a lot of the country just wants to get back to normal they're looking for the quick the quick aid a cure for this right the vaccine something that we haven't seen yet is at least to this point is how quickly it's a vaccine was developed this new technology m r n a the fact that the efficacy is so high that a lot of people trust but a lot of people still do not trust are we supposed to try to be back to normal though only if we reach some sort of herd immunity. well that's true but think about what you're saying in terms of the efficacy rates the efficacy rates at 9294.5 and 95 percent the flu vaccine that we have in this country that we use there obviously we have different versions of it the highest because if we've ever had for a flu vaccine is 60 percent the lowest is 10 percent so when you're talking about now you've rushed into development these vaccines that suddenly have the highest because the rates in the world in terms of of treating a virus like this and they were the fastest produced you have to kind of step back from that and say those numbers are accurate because again those are numbers that

are coming in the form of press releases from big former companies they have not been verified well will see about that especially we don't know about the long term side effects tell you one more question before we run out of time we do want to touch on brags that we have less than 30 days to go and it looks like we could be looking at a no deal bragg's that with europe what are the sticking points here give us a few sticking points i just want to add one thing to what ben said very thoroughly covered that he did one thing that nobody even talks about birth defects that how can they study their longevity the long long term effects of this and the longevity in terms of birth defects the next gen i'm not sure to have pregnant women are even going to be want to go and get that out of what about my sons of what about my grandchildren you know would they get a positive anyway that's a whole nother issue but you asked about rex said yes i'm getting really close now down to the wire i thought it was very interesting that mccrone recently met with the belgian prime minister and he actually said that he is that he's afraid that this is going to be use a football analogy the britain is going to have a loss a goal in the last minute i think a couple of things that happened the u.k.

actually has conceded a little bit in terms of the fishing rights they've gone from requesting and demanding that 80 percent of all fish caught in their waters over time and that it's only 60 percent so i think the u.k. has negotiated in good faith but it's actually coming out that the european leaders are particularly concerned because they feel that bania is likely to concede because he wants to get this done and vandelay also what she wants to do is have on her legacy of course that there's been some concession. i think the biggest sticking point actually is my crawl and that's because of his fishing villages and fishing towns all surround the english channel and the amount of fish is the discord in the british warship waters but boris johnson is holding steady saying that these are all sovereign waters and we want sovereignty back so the remaining sticking issue of course of fisheries but also governance the one thing also the u.k. has conceded on is also with regard to human rights and i think that's totally fine because you know human rights across a level playing field across europe they should be the same standards while boom bust co-host investigative journalist ben swan and board member british american

business association hurry forward to tell the time how for today but thank you so much for joining and this great discussion pleasures are. time now for a quick break but when we come back european union and the asian group have agreed to form a strategic partnership explain what this means for more than a 1000000000 people that represent me. as we go to break here the numbers. are what happens when people lose trust. in the central bank's bad so we're going to find out.

who's a see. there won't be cheap but then you went through all the countries let . us come. to you. to ask. you this. this is what. we don't understand how we are in such an hour. or so into the month of the same time. you're saying i'm going to. have not got to live again in the world with the phone. without the plane to. come back to the 3 story you have to see.

after years of talks of european union and asian the group consisting of 10 southeast asian countries upgraded their relationship to form a strategic partnership germany's foreign minister said as close economic partners we will stand up for safe and open trade routes and a free and fair trade adding together we represent more than a 1000000000 people and almost 25 percent of global economic power no specific plan has been detailed this comes just weeks after the 10 asian countries joined china japan south korea australia and new zealand in the regional comprehensive economic partnership the world's largest trade agreement so for more we're joined by bus

co-host christy i and a host of economic update and author of the sickness is the system professor richard wolfe professor let's start with you what's the significance of this e.u. asian partnership what does each side have to gain and let's talk about the timing of this weeks after the r c e p deal was signed. i think this is a mission is to be. christian. let's keep in mind it was mr trump and his administration that turned away from globalization for me to national agreements in one nationalist dratted that's what the trade war with china was that's what the arabs imposed on africa asia latin america and so on those were all the shit that escalated by the rampant ministration i think we're near opinions like a good war now receiving is the democratic government coming in and we're in that

state with that kind of turn to nationalism in which case they're making deals with each other to get around it or will they only do what they're in the demonstrative way but always in the court of the the whiteman ministration to show the world whether that mr trump was an aberration or whether they're going down that road also well we've heard the biden and restoration say they are going to be pretty tough on china as well how tough we're not sure we do know that by then unlike trump is a little bit more predictable so that may change the course of the relationship but kristie the e.u. they also want to revive ties with the u.s. ahead of this inauguration for joe biden one of the goals of this alliance. well like will said after relations between the u.s. and e.u. got intense pretty much due to the trump and restraint and the e.u. is now hoping to soothe things over and get things back on track to where they were before and so the main issues on the table that they clash with trump about

included trade defense technology or foreign relations just to name a few so now that you have to find 4 major policy areas to focus on that includes health response climate change trade and tech and security so going forward the e.u. commission said that they want a transatlantic dialogue on the responsibility of a big tech and to find global solutions for fair taxation is a market distortions in the digital economy so the basic idea is to have in more harmonized stance and finally come to an agreement on how to tax these big tech companies so that you had originally hoped for digital tax agreement at o.e.c.d. this year but the trump administration walked out of the negotiations in the summer so there also has been a lot of tensions over a 5 g. and the e.u. granting access to develop infrastructure for 5 g. so that you hope that those tensions cannot be sued over and that neither party will have to resort to any sort of fair or sanctions and in regard to the pandemic the commission wants stronger cooperation in terms of tackling the coronavirus and

to reinforce and reform the deputy joe wright for a professor wolf and you mentioned this a little bit earlier in regards to china biden has confirmed that he's not going to make any immediate moves and in terms of lifting the tariffs that the travel ministration imposed on imports of these chinese goods before a full review of the existing phase one trade deal what is biden stance on china do you actually expect him to treat china as a friend and a trade partner again or as a foal like the trumpet ministration. well at this point it's very hard to tell that's why i made them only not only about the ball being a newsgroup license court you're absolutely right meanwhile holding a little there it's not so clear he seems to want to leave something in i'm mystified as to why he's doing that the proper thing to do would be to say we're going to start her we're going to have some meetings look each and always go back to what it is that mr trump did but i'm afraid that this symbol of not changing

its name with it is an attempt to signal that at least some of the trump nationalism is something that the democrats either don't want to break away from or are afraid to show themselves different from and in that case you're going to see more and more strategic partnerships between everybody else in the world and the united states frozen out because it took that 1st step to break it and it doesn't seem at least so far to be coming back well then we hear both sides as far as the democrats and the republicans wanting to take this tougher stance on china u.s. house speaker nancy pelosi also very much forcing her concerns on national security technology theft and and all of that kristie speaking of of the trade war though it seems like it's continuing to escalate raising is now responding what is the latest what are they saying. well after the company produced an executive orders against

a range of chinese firms arguing that they could not as they do but they could share data with chinese government china has also decided to respond to china has now introduced tough new laws which restrict the export of controlled items these items being related to military technology and other products by my harm china's national security so these new laws come into effect tuesday which could escalate the ongoing trade war with the u.s. so specifically these new law established several categories of control items which include nuclear military items and will use items that could be used for both civilian and military purposes now ai and algorithm are also included in these terror how to cory's as this was prompted by the u.s. is an on tick tock so the other item the big one was rare earth mineral that was also included and prices have increased drastically in and his patients at the law could affect their exports so china as you know is currently the world's biggest supplier bare earth minerals which are used in all consumer products as well as military technology so it's not surprising that china retaliated this way as

a feels the need to defend its own industries but in the end these trade war than these tech cold wars they only kind of result in a lose lose situation where innovation is slowed and american businesses and consumers and paying a higher price as a result and just really quickly just add on to what will said. biden is a politician and he can't be made to look like he's going soft on china either either this earlier this week reuters actually reported that trump would take steps to block biden into a hard line position on beijing and the house now reportedly planning to vote on measures that if implemented would force chinese companies to delist from u.s. exchanges unless they agree to strict auditing standards a lot going into biden's places plate as far as china it's on his on his footballs on his court whether or not he's going to levy some of these tensions and we have yet to see what's going to happen there boom bust co-host christine professor richard wolffe thank you so much for breaking this down for us. that's all for the

time catch boom bust on the man on the portable t.v. out of abel on your album one and for advice. join me every thursday on the alex simon shore and i'll be speaking to guest of the world of politics sports business i'm showbusiness i'll see you then. is your media a reflection of reality. in a world transformed. what will make you feel safe from. isolation full community. are you going the right way or are you being led software. direct. what is true what is faith.

in the world corrupted you need to descend. to join us in the depths. aura maybe in the shallows. so what we've got to do is identify the threats that we have it's crazy on sunday shouldn't let it be an arms race in this on off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. i didn't post banky hand combat here you my pappy airways. it would exclude as much getting enough book as

a little mean causal good citizen to. you the girl who live near. the can handle the jobs and all the others of the young to the will they. need a better than an image of what not i don't. know i'm a little bit of both or a loved one or y'all. are part of our number. if you wanted me to. make a film of the. i

am determined to protect our election system which is now under coordinated assault and. donald trump runs the us election a total catastrophe deeply to the supremes court to overturn the results. a little to behold wild russia presents his butt naked be back at the un as schools of countries look to find a job in the western media and the authorities turn away. from the most unlikely place looks to take home the orders of bob to reclassify as a church to dodge lockdown restriction.