michelle cortez has this. u get past the politics of these donations, we are still seeing these delays. was this expected? michelle: it was not expected in terms of believing they were going to need to create these vaccines. there have been stockpiles of vaccines in the u.s. and we heard from many people frustration that the u.s. had vaccines going unused, in some places, expiring. if you think a little bit more in depth about this, it is a huge logistical hurdle to get these vaccines in certain places. not only do you have to do the right refrigeration and freezing, but there -- they are having a lot of issues making sure they have the right needles, antiseptics, and that people are set up to receive the vaccines that are coming and we know there have been issues, particularly with the astrazeneca vaccine. it is still being reviewed in the u.s., so that is slowing things down a bit. kathleen: -- shery: give us an update on the spread of the variants. michelle: we are seeing increasing numbers of the delta vari

shery: let's get more from health care reporter michelle cortez who wrote the scoop.us more about this story and what are the key takeaways from the conversation? reporter: there has been a lot of controversy surrounding the wuhan institute of realogy with implications -- virology with some implication that perhaps covid-19 emerged from that lab, either something that was intentionally created there or someone unintentionally infected who then carried it out to wuhan, which is where we all first learned about the coronavirus and the outbreaks spun off from there. daniel anderson was actually in that laboratory in november of 2019, on the ground, and saw what happened. what she is saying is that what she saw does not look at all like what she's been reading about in the news media and some of these allegations. she said the lab was rigorously controlled. she had to go through 45 hours worth of training to work in it at all. you have to take a round of five different test in order to operate over there independently. she said she was not ever sick with any kind of a vir

let's bring in michelle cortez with more. obe steel reading so much havoc there if so many people are vaccinated? michelle: we are learning so many things even 18 months into this pandemic. one of the things we are learning is you really do need to get both of the vaccine doses to get protection. not only that, the more time between the two injections you get, the more protection you have. so the point is it takes longer to be fully protected, and if you are rushing it and trying to get them quickly, you are going to have less protection. if is one thing. the other thing is this delta variant, the one that came out of india. it is just really scary. it is more transmissible than any of the other variants that we have had, and we are seeing it get into people, particularly those who are not vaccinated at all, at an unbelievably accelerated rate. so when you are into place in the u.k. that does have some protection, you see the pathogen get into those people were still vulnerable, and there are some other places like in australi

shery: let's bring in michelle cortez. the u.k. most vaccinated countries in the world. it is not in the reopening? >> absolutely, the u.k. would be in a much more difficult situation if they did not have such an incredibly asked rollout of the vaccination but a couple of things that they did might have reduced the effectiveness of the vaccines that they did give andy remember that they were giving two doses to everyone and they decided to lengthen the time between doses and give everyone one and then follow up later with a second dose. we do know now that that would mean delaying that middle period of time. it does increase the effectiveness of the vaccines ultimately but while you are in the intermediate period, you are not at attempted. we are seeing some of that in the u.k. with the delta variant. it is hitting some of the people in the u.k. who are not fully vaccinated and many young children are not yet available to get vaccines when we are seeing huge increases. shery: talk to me about the latest covid resilience indicators

shery: -- -- michelle haidi: michelle cortez. -- haidi: michelle cortez. vonnie quinn.e: jay powell is scheduled to sit before the house later tuesday. in written remarks, jay powell says inflation has picked up but should move back towards the feds 2% target when supply and balance. he has also remained optimistic on the outlook for unemployment, saying job gains should pick up. iran's president demanded an end to u.s. sanctions, calling on washington to return to the 2015 nuclear accord. this is a landslide victory. he suggested he would work to revise the deal abandoned by the trump edna trish and. iran ended a sixth round of nuclear negotiations without a breakthrough and tehran says the next round of talks may be the last. china's import of american goods slowed in may, putting beijing's target in the phase i trade deal even further out of reach. china bought $10 billion worth of manufacturing -- manufactured energy goods, the lowest since last october and it takes total imports since january 2020 to 157 billion dollars, only 40% of the target agreed to in the trad

let's get more from our health care reporter, michelle cortez. know that this in delta variant is bad and that is why there's been a lockdown really affecting half of the population of australia now, right? what do we know about it? michelle: the delta variant can spread -- it is even more transmissible than the variant we fly out of the united kingdom. now that delta is there. -- there, you are seeing a huge outbreak in the u.k. when you look at places like australia and other countries across asia, they are completely vulnerable because they have not had a lot of coronavirus so once that delta variant gets in, we are seeing exponential increases in cases and then the virus is spreading even easier, even faster than what we saw originally so if those countries do not take immediate action to lock things down, they can be truly looking at a crisis and that is why we are seeing these kinds of reactions. shery: we still continue to see the global vaccination rollout chugging along, right? how big is the divide between poor countries and rich countr

shery: michelle cortez. tune into bloomberg radio for more analysis.ve from our studio in hong kong. you can also listen on bloombergradio.com. we have a lot more ahead. this is bloomberg. ♪ shery: it's it is a rainy and stormy day in hong kong and they are now issuing a warning and hong kong exchange will be canceling the preopening if the black rainstorm signal is not lifted by 9:00 a.m. we are watching this closely as we continue to see that warning signal over in hong kong. let's take a check at the headlines. the u.s. will permanently -- to adopt a hybrid model of working from home and the office. the ceo is said to be leading a charge in a bid to be more competitive in recruitment for u.s. banks. they will consider reopening space. no date for a return to the office has been set. the bank says funds might help shakeup the supply chain. loans will be allocated over the next two years. capital land will divest with other travel city developments in china. they expect $1.5 billion of deals should be completed in the third quarter. still ahead, more

let's bring in michelle cortez.is coming at a time when the white house plans to door night -- donate millions of vaccines. how much will this help? reporter: u.s. will donate about 25 million vaccines through covax at this point. which is a public-private partnership designed to get vaccines to the developing world. it is obviously 25 million -- it is a tiny drop in the bucket compared to what is needed across the world. billions and billions. but it is a step in the right direction, especially as we need to make sure that the hotspots, where the virus is really starting to take hold, at some protection with vaccinations. tesch get some protection with vaccinations. -- get some protection with vaccinations. we are hearing more and more about the kind of serious illnesses developing in younger people when they get infected. not only that, we know they can be vectors for the virus. they can help spread it themselves and their peers and could be a hotbed of infections going forward, especially as we start getting our

michelle cortez joins us now. s refreshing to talk to you about something other than covid vaccines. how much of a game changer is this? michelle: this could be the second drug that might be available for alzheimer's disease. the thing here is that the fda has said that it has breakthrough status so that means, if the drug holds up in clinical trials, it could have a meaningful benefit for patients. they have not completed those trials yet. we will not get those into a little more than a year from now, but if it does hold up to its promise, then that will be the second drug we have for alzheimer's disease so good news that there's some medicines in the works for this condition that is so devastating. shery: what is usually the timeline for a drug like this? michelle: it takes years for a drug to get through the development process, usually about a decade, and between $1 billion and $2 billion so it is a very long effort. this particular drug we are talking about has already had a bit of a convoluted history. they h

our health care reporter michelle cortez has more. is the delay certain?> at this point, we do expect to be the case, yes. >> all right. so, they will be lifting restrictions, delaying them. is there a broader message for countries outside the u.k.? >> what we are seeing here, really, is the issue with the delta variant. the thing we are thinking about more broadly in the world is how much of a threat there will be from a resurgence of the violence -- of the virus more generally. we are seeing the virus be much more infectious and verlander. -- and virulent. countries are trying to protect themselves from mutations that can be more devastating for their populations. >> michelle, we saw the g7 wanted to make a big impact with their vaccine pledge. did that fall short? >> it did. the g7 was supposed to be pledging an additional billion vaccines for the developing world. it ended up with something a little more than half of that, maybe 600 million doses. some of these vaccines pledged were pledged to eugen -- pledged using money that had been previously donat

joining us to discuss this is michelle cortez. michelle, what do we know at this point?> we are talking about a very small number of these cases called mile could i does -- mild coditis. among those 275 million people, -- the number seems a little bit concerning, it's quite a bit higher than you would expect normally but it is not a high -- as high among people who would get the viral infection on his own. they are tracking this side effect and they are looking to see if they will be getting more of it as they look more for it. at this point it is something that people need to be aware of. it is not something that is -- needs aggressive treatment, young men to come out of this without much problem. shortness of breath, trouble breathing, some fluttering of the heart but it is something that people need to be watching out for. haidi: it is going to create more vaccine hesitancy, particularly when it comes to younger people where the risk-benefit is already skewed them when you're talking about more vulnerable populations? >> that is the issue. remember when we are talking

they love dark mode shirt. mon cortez, my will mail the bustle gamma while of dummy stars i saw nor was there. so it's not gonna make the quite up on me issue. michelle is mexico visual to be the one i mix economy. there's a lot at the nozzle can hold on the layer a qu away. it will ny she a do. i will be called to mr. la la la ray. oh my god do when they alarm. so if you do think that you are someone who is an important target, you're likely to face scrutiny by some government in the middle east or elsewhere. and you are a journalist, an activist, or a member of civil society. i'd recommend that yes, please do get in touch with, with citizen lab or other researchers who work in this space or any other matter. and michelle wanted to know how difficult it was to monitor the phone, suspected of being hacked and hear how many a santa basically involves installing an app on the phone, which allows us to inspect the internet traffic. and we do this for some period of time depending on what the user would like. we can do it for a short time. we can do it for a long time and try and identify suspicious patterns or evidence that the phone might be hacked. me

michelle obama. you've got nothing so far. you have a commanding lead with this one. which of these donkeys have it after it named after them arizona center mark kelly congresswoman alexandria ocasio cortezcause it should be the astronaut but then that would be too easy so is that obama but i'm going with mark kelly with the asteroid. kennedy: and you would go in the wrong direction. her project took second place in the science fair. >> it's important to point out there were only two entries in the science fair. kennedy: spike this is for you. listen up buttercup and which of these donkeys at the walk-up role in that romantic comedy starring susan sarandon vermont senator bernie sandy's gavin newsom or vermont senator patrick leahy? >> i'm going to go with the one that seems the least obvious and go with leahy. do i have to say final answer? kennedy: yeah you do but that was the wrong answer. you are tied it nothing. >> who was it? kennedy: it was bernie sanders. it was a sweetheart dance. >> susan i'm redistributing your -- kennedy: here we go. this is for jam your second question which of these donkeys was famously photographed looking panicked as he was attacked by her rabbit causing