by the way, that is not just tech companies, but all companies. don't think that necessarily the idea, as when people start companies, to those companies fail and for many being acquired by a larger company is the way to realize their success. her proposal is one worth debating and because it is industrywide, it has an intellectual consistency to it. ashley: while we are on the topic of legislation, there is a lot floating out there, whether it is section 230 bills, antitrust bills, privacy bills. out of all of those main areas where tech policy could go, where do you see the most likely action in the next couple of years? and also, what type of legislation do you think your partner companies and the companies that you hope to represent could live with and not have a terrible time with? adam: i think you will probably see like with all legislation, , you will see with areas with the least amount of controversy. you look at data portability, the ability to take your data from one service to another, this is something that has bipartisan agreement a

the company is symbol fis, fidelity informational. >> it's a terrific payment service company. get enough credit. i like it very much. i think it goes higher and if you want to buy more, i'm fine with that. by the way, these financial service company, i'll put it out there. square was one of the best conference calls i ever read and i think square is my favorite in the group close rival to paypal. let go to -- i'm going to get this wrong ivelaw in new york. >> caller: boo-yah, jim. >> boo-yah. >> caller: this is ivelaw from new york is american airlines a good opening play >> american is good but southwest is better. i know southwest is higher and i know american airlines is cheaper than any price best of breed is luv let's go to ben in california, ben? >> caller: big boo-yah mr. cramer. >> wow good to have your on the show. >> caller: please give me your thoughts on ticker ri gl. >> okay. all right. so listen, this is really, really tough it's got a lot of different inflammatory auto immune competition out there and so i'm not -- speculative stocks in that business, i'm not go

, large companies but he's efg pressures affecting companies of all sizes and all industries, do theyect public and privately held companies and is there a demarcation, a line to draw where it is a problem? >> i make the case this is a publicly traded corporation problem, this is not necessarily the way some of these activists wanted to play out in the future, larry think, the ceo of black rod which was the biggest force in this movement made a statement sort of offhand at a conference he was at that he doesn't want the sec getting involved in the practices or the sec or the government more generally to pay attention to them and to write regulations for them. he would prefer the government focus on privately held companies. that's a double threat not just through the government but we don't want you to miss in our sandbox the privately held companies, what we do want is for the government to put you on equal footing with us. privately held companies probably have the advantage in that they can focus directly on their business but that is not the way these activists want it to play out

, most of this company sales for many of those companies being acquired by a large company is a way to realize their success. but it do think our proposal is one worth debating and again because it's industrywide not just tech it has an intellectual consistency to it. >> while were on the topic of legislation, there's a lot floating out there, whether it's section 230 section 230 bills, antitrust bills, piracy bills. out of all of those main areas where tech policy could go, where do you see the most likely action in the next couple of years? also what type of legislation do you think your partner companies and the companies he hope to represent could live with, and you know, not have a terrible time with? >> guest: you will probably see like with a legislation the most likely action will come around the areas where there is the least amount of controversy. look at an area like data portability, the ability to take your data from one service to another. this is something i think there's bipartisan agreement around and i don't think industry will object to and in many cases it will embr

companies. -- they will be replaced by chinese companies.- -- they will be replaced by chinese companieshat foreign investment l doubt that foreign investment has improved the lives of ordinary people in myanmar but these same companies are now facing the challenge of whether they can put principal for profit —— interval before profit. —— principal. stay with us on bbc news, still to come: and come with us to an auction of contemporary african art — a fast rising segment of the global arts market. i, nelson rolihlahla mandela, do hereby swear to be faithful to the republic of south africa. after six years of construction and numerous delays, the channel tunnel has been formally opened by the queen and president mitterand. the tunnel is not yet ready for passengers and freight services to begin. for centuries, christianity and i islam struggled for supremacy. now the pope's visit symbolises their willingness to coexist. - roger bannister became the first man in the world to run a mile in underfour minutes. memories of victory as the ve celebrations reach their climax. this night is dedica

other companies don't. and there was a really interesting exchange between senator lee and the apple witness about why this would be that they get to pick and choose who has to pay 30% and who doesn't. and so all of this to me cries out for me rules of the road, because monopolies will do what monopolies want to do, and it hurts people eventually, for price, and it hurts them for innovation and it hurts them even when it comes to wages and the like. >> let me ask you about target. which is a corporation in your home state, it has a market cap of $106 billion. sells everything frobooks to bathing suits to electronics, and it even sells its own products that compete with products from other suppliers. people love target. would you be inclined to try to evaluate and stop a merger between target and another large retailer? >> well, if it hurts competition, yes, i think it goes into any, it doesn't matter to me if it is a hometown company or not. the other day, someone compared it to me like to app stores, they

company's headquarters. different cultures and ways of thinking and styles of communication meet here. diversity needs to be managed why is there could be problems. ahead of personnel was forced to flee afghanistan for germany as a 14 year old on his own. today he is responsible for over $20000.00 workers. from the company's point of view openness to diversity means locating the best talent for the respective jobs in the respective team we have these talents everywhere there not only white or german but could be indian male homosexuals except if you only look at the specific requirements of a job a diverse team automatically emerges with. large companies can benefit from an open corporate culture mixed teams often achieve better results precisely because they have a harder time together. i think we have to do it because it's the right thing to do because the world has different says they're going to have to accept we've also noticed that teams are more innovative when they don't all come from the same pot me

and when i became ceo the company was 70% and when i retired the company was 70% outside the u.s. so in one generation we globalize the company w and i would say in our generation ge has really the best global footprint we very much did it our own way and people frequently say that they will criticize president trump because he was more of a nationalist but basically globalization was breaking apart long before president trump became president. china was coming on the scene and there was nobody that is harder on globalists than europe is despite all the rhetoric to the contrary and so what we did is basically localized the company we put the company around the world and empowered local teams and we emptied out headquarters and i think we ran a real winning play from the stand about what i would call modern globalization and i know china gets a a lot of criticism today some of it for good reason but it is going to be a hugely important market and i think ge did a fantastic job in markets like china and india we were exporters so we basically globalized in a way that can create amer

the people who own the company or people outside the company the don't have a stake in it? and so understanding that that is the issue is the most important thing and secondarily, today, this morning at 10 am the senate banking committee had a confirmation hearing and it is still going on now, asking questions to gary kinsler, president biden's nominee to be the new chair of the securities exchange commission, the question is what policies is he going to push when he is presumably confirmed as chair and are they going to go further in the direction of environmental and social governance policies and goals, the person head of the acc -- acting chair allison makes it absolutely they should. she thinks the sec, the new york times last year saying it is absolutely necessary for the sec to force more disclosures like energy and climate and file these regulatory requirements on. in those enclosures unless it means that somehow either through more regulation or a simulacrum of market mechanism you are going to punish the company that are traditional energy companies. >> before we

it a great, great company. all right. now we're going -- oh, man there is stocks getting killed even in the after hours. let go to john in california, john >> caller: boo-yah, jim. >> boo-yah, john what's going on? >> caller: i want to ask you about narvartis. i've been in the name for years reinvesting the generous dividends. >> right. >> caller: i feel like the stock struggled to break out above 90 -- >> boy, are you ever right about t that. >> caller: time to sell? >> yes i have a half dozen drug stocks i like more than that. the conference call on thursday for the club members of action alerts, go over it you can own bad drug companies and they will work but not those guys i want to go to john, this time john in michigan, john >> caller: hey, jim, i love the show. >> awe, thank you. >> caller: and i was -- i'm a builder in michigan and whatever i've seen lumber prices triple like this, i've never seen them go back down i wanted to know what you thought and what you think of wire houser stock. >> it's a very good compa

there are a lot of medium-sized companies and even smaller companies coming into the business.? the technology is so good. tsmc is not the only company, there is also the whole supply chain that goes beyond the wafer. it enables companies like ampere to exist. so the supply chain, we need more help from all the players along the way to be able to diversify and support companies that are smaller scale. the entire business is focused on supporting the big guys. the big guys can pay a lot for capacity, they can handle surcharges in the shortage. that is one of the things i think, through the work with the administration, things we can do with the chip factories. those are super important to the long-term health of u.s. semis, which is as we now see is the underpinning of a lot of sectors in our economy. emily: i recently spoke to the ceo of amd, the other of the two female chip industry executives. i am curious why women at the top of your industry are so incredibly rare, and whether you are seeing signs that that is changing. renee: we all loved your book, by the way. [laughter]

companies, but do these pressures affect companies of all sizes? do they affect companies and all industries, publicly and privately held companies? is there a demarcation or line to draw around the problem? >> i would make the case that this is mostly a publicly traded corporation problem. i don't think that's necessarily the way some of these activists want it to play out in the future. just a couple weeks ago, the ceo of black rock which is probably the biggest force in this movement right now made a statement to sort of offhand at a conference he was at that he doesn't want them getting involved in their practices. he doesn't want the sec or the government more generally to pay attention to them and about writing regulations for them. he would pay for the government focus on the privately held companies. now that's a double threat not just to the government, but we don't want you to miss in our sandbox and also the privately held companies that what we do want is for the government to put you on equal footing with us. privately held companies p

he left the company last year. once we stepped down, another ceo took over, and he realized they had to do something to lessen the debt burden and maintain the shareholder's dividend that they craved. people who owned at&t are not chasing growth, they are widows, orphans and grannies who need income their the least short-term, most long-term and most trusting investors you could ask for. blindly trusting but apparently at&t needed to spend more money to stay competitive with t-mobile and verizon. he sends time warner for $43 billion in a stake in a company that will merge for discovery. and at the same time, he had been encouraging people to not worry about the dividend, told you it was fine. and goes ahead and slashes the dividend in in half. they didn't say it point blank, but he they talked about it being pay to cash load that is a slash of what the shareholders counted on. they called it a resizing as if it were a suit >>> listen, i'm trying to present the story as dispassionately as possible and you know that.

gonzalez your company gives donations to this company?rector of patient access program. this is exhibit 27 in your package. >> in this email mr. cline is seeking a donation from your company, to help offset the cost of the drug he mira. he wrote quote, we also know these patients would be much more likely to start and state on treatment if they were not stymied by high out of pocket costs. mr. cline is essentially saying, by making a donation to his foundation at the will be able to attract and retain more humane era patience. our donations mr. gonzales, our donations to patient assistant foundations is a part of your strategy to increase sales? >> no they are not. we do it as a donation because we feel it's appropriate, we do it by disease state and the foundation is not required to use our drug. >> thank you thank you so much. >> mr. gonzales i would like to switch gears. i understand that abbvie co-promotes your cancer drug imbruvica with jansen pharmaceuticals. so that means your company market the sales and marketing strategy for the

company's headquarters. different cultures and ways of thinking and styles of communication meet here. diversity needs to be managed or otherwise there could be problems. ahead of personnel was forced to flee afghanistan for germany as a 14 year old on his own. today he is responsible for over $20000.00 workers. from the company's point of view openness to diversity means locating the best talent for the respective jobs in the respective team we have these talents everywhere there not only white or german but could be indian male homosexuals except if you only look at the specific requirements of a job a diverse team automatically emerges with. large companies can benefit from an open corporate culture mixed teams often achieve better results precisely because they have a harder time together. i think we have to do it because it's the right thing to do because the world has different says they are going to have to accept. we've also noticed that teams are more innovative when they don't all come from the sam

it's allowing diversity and a company. it's a challenge and which ultimately pays and that's all for this edition of main street. we use business magazine, whoever you are and wherever you come from. thanks for watching. we'll see you next time. ah ah ah, ah. the news news. the news? the news, the news, the news me a long forgotten. well, i said, well, just had me crossing this is a hard and dangerous. ah yes, nothing would make them happy as guardians of the desert. 15 minutes on d w. prop diversity on our field is under threat. as more and more speed, our eyes monoculture keep spreading to the detriment of our health that our ecosystems. how can we understand in a traditional c, i co, operative in ecuador, is leading the way google 3090 minutes on d. w. ah. news tips for your budget live romantic corner. check scott for, for me and some great culture memorials to boot w travel off we go. ah, it's been ongoing quest for the future to be spring began in 2011. people stood up against correct rulers and the all these moments

the 5 most valuable companies in the world are these technology companies.icrosoft has a good share of that. i get to spend about-- 1/6 of my time now is over at microsoft. rubenstein: so recently, you said that the biggest mistake you've made professionally was that microsoft should have had the android technology. why was that the biggest mistake? gates: when you're in a field-- you know, we were in the field of doing operating systems for personal computers. we knew the mobile phone would be very popular, and so we were doing what was called windows mobile. we missed being the dominant mobile operating system by a very tiny amount. we were distracted during our antitrust trial, we didn't assign the best people to do the work, so it's the biggest mistake i made in terms of something that was clearly within our skillset. we were clearly the company that should have achieved that. rubenstein: recently, you've decided to make another effort not necessarily through your foundation but through breakthrough energy to try to do something about climate change. why

i spoke with the chief of a company called noodles and company this past week.e stock back from $4 to 12. part of the solution has been the introduction of zoodles made from zucchini for the health copps. he says labor is the number one issue right now facing his company. i also spoke with an independent restaurant in southwestern pennsylvania, same situation there. they tell me business back to normal, and the main dining, but they're making due with 15 workers down from 20-25. and it's every restaurant in town has a help wanted sign. jack: let's get some stock picks from carlton and ben. let's start with you, carlton. i think you're sticking with the retail theme. >> i am. and i'm going to butcher the pronunciation. this is the company behind cartier and month blank -- mont blanc. here's where it's interesting, possible hedge against inflation. our colleague did a piece on this last week about these so-called bevlin goods, the more they cost, the more people want them? for someone who may not have a few gs lying around for a cartier watch, this could be a way

instead of running a company during a crisis with the quick decisions to operate the company better and you cannot allow people to point fingers. but that's not the reason why i wrote the book. i wrote the book to speak to the thousands of people i worked with and allow them to feel a more complete way. that is the context with which i wrote it. >> so is the more years go by, what do you hope your legacy is at ge? he wrote the book for a lot of reasons but you are saying what you think needs to be said and that is how you want to be perceived. i like to hear you elaborate on that. >> you didn't and the way i wanted to you find out who your friends are when things don't work you are one of them. but it didn't end the way i wanted it to. i've convinced my wife to move to california. [laughter] >> hard to believe. [laughter] i wanted some space and some time to think. and i wanted space to do it. so i taught a class at stanford. a really horrible article came out in fortune magazine about ge. at the end of the class i said how many have read this article? and hands went up. i said how they

company boss carl hoffmeister is frustrated medium sized companies like his struggle to get hold of lumber a few large saw mills dominate the market. it is in a. course able to buy a large quantities from the market due to their capital strength and they're able to export accordingly in terms of the entire logistics and can therefore redirect products at short notice and bring them to markets where it's possible to earn significantly more sordid mess of id. and that's the usa a handful of sawmills dominate 80 percent of the timber market in germany. they distribute the wood where they can make the most money the german sawmilling and timber industry body says that's the way the market works. lobel demand which is also increased in the last year and months due to regional peculiarities is causing corresponding price effects the higher the demand the higher the value of the products. to put. back in the hearts forrest. is happy with the increased revenue but he's still worried about attacks from parasites which could threaten the trees he's planting now they would be ready for harvest for an

it was a smaller company, the kindle company. today, it is the alexa company and the cloud company. more. i was researching the book, so whilei was researching the book, so much else happened. there was jeff bezos' personal journey. there was the scrutiny and antitrust and big tech. you had amazon's navigating of the pandemic and becoming a lifeline for millions of customers around the world. when i set out to do was update the history and allow people company. to understand this company. it is not as simple as what a lot of critics and regulators want to make it out to be. that operates in very competitive industries. it is worthy of scrutiny. in the book, i try to get into what its tactics are and what some of the anti-competitive tactics are and why it is worthy of really understanding it. emily: you talk about so many of amazon's moon shots. thank you for my advance copy. going from alexa to buying whole foods to building aws and blue origin and the one thing that stood out to me was that all of these things were really jeff bezos' ideas and he alone were pushing these moonshot

. >> you are one of the most successful companies, biggest company in the world, do you think that this is fair competition or not? >> as facebook and apple, google, amazon creep further into our lives what does senator amy klobuchar say now. >> "firing line." is made possible by. the margaret and daniel lobe foundation, charles r swab. and by, corporate funding is provided by stevens inc and morgan stanley. >>> senator amy klobuchar, welcome to "firing line". >> thank you, it is wonderful to be on. thank you. >> the issue of trust busting was discussed on the original version of "firing line" and your new book "antitrust" taking on monopoly lets us look at it a new in 2021. today there are fewer than 5,000 public companies, down from 8500 in 1987. a lot of that is because of mergers and acquisitions. senator, what does it will us? >> i think what it wills us is that we are a country that is always believed in entrepreneurship and revitalizing this is happening to us when tech companies are controlling the gateways to so many services. consolidation across the board and consumers see it

this one happening on a company out of taiwan, a company that supplies components to major companiese apple, like samsung. like microsoft. in this particular case, they are asking for money. i wonder if they know that they are targeting a company that has customers with pocketbooks this deep. are they targeting to maximize their profits? wendi: they absolutely are. there's no doubt about it. they have matured their operations. a big part of that is that the ransom operators can focus on their objectives, which is exactly what you are talking about. finding the information i can still from an environment that will give me the biggest return on my investment. this is no longer a standard type of attack. this is very targeted, very specific. i would say that ransomware operators are often using the type of discipline that we have seen from nation state actors. emily: so this was by a company called r people. talk about what you are expecting to see more of from nation states? wendi: i think the real question is how involved today our nation state actors in with ransomware? the reality i

the company has been producing cars since 2017 in their high pump factory. they build a quarter of a 1000000 cars every year. but the car maker hopes to enter the global market with its electric models. we are going to eat off america u.s. canada and europe at the same time in europe you know we are going to germany france and then that ends so to start with the street countries in the euro and then at the same time we are starting to expand into other markets in that continent to even fast was founded by palm not for butte nonce richest citizen he made his 1st 1000000 by selling noodles in ukraine today palm runs empire of shopping malls hospitals and even entire city districts the car company is his most recent venture he imported all his know how from germany the motors assembly lines and robots are all built by german companies the international joint venture has been successful in inspiring trust a much needed commodity in the car business. but the biggest concern of the custom of steel lay on battery. durability because the battery but what we are doin

this company is my life's work and i have put everything i have into this company. day i have not sold one share. really you are seeing a conflict in terms of the time horizon, so it came from that. emily: when you look back on the decisions you made over the years, and if there was just that one time, do you have any regrets about how you handled the situation, whether it was just that situation or other situations? justin: i think certainly there are things i can improve on. i am open to feedback. i would have talked to more people sooner about the stresses earlier. i tried to take everything on my own shoulders, so i hope my own story can inspire others to not have a situation that has happened to me, which is very unfortunate. emily: your co-founder has been appointed ceo at this time. do you think it is a mistake? can the company keep growing as fast as it did without you at the helm? justin: we have known each other for almost 10 years. we are best friends. i am supposed to be at his wedding in a couple of months. the way this happened is dramatic for all of u

now the company behind that survey is a b, b robotics. it's president. sammy, i'll tell you joins us now from london. good to have you with us. so there's a shortage of skilled workers in different industries, from ports to the construction businesses. why not just open up immigration and use skilled immigrants to fill the gaps rather than robots? well, there is a significant shortage in in europe. 200000 workers are missing in alona, india. you are in el paso there, as are also demands in the industry to increase productivity and also to have more sustainable way of building houses and commercial buildings. so the scale labor is, is one aspect of the total equation. but this industry will go through a significant transformation like the l. 2 motive industry went through 4050 years ago, where they started introducing our operators ation on how to mission. and when we asked 1900 construction companies, they said 81 percent of them said they wouldn't use robots and automation in the next decade. so what do you make then of some of those pat

, cancer companies, diabetes companies, where they are making novel breakthroughs of the same time we see here that have occurred during the pandemic, investor take a double look and say, wait a second, i am investing in a company and suddenly the government will in and take away those patents which allow me to have the certainty that i would investment could give us a good return long term. it is incalculable at the end of the day. the short-term uncertainty could cause companies to slow down research and others to say i do not want to invest in this area, and that would be very disappointing, so i think what is really important is that we understand what we are trying to accomplish, which is shots in the on. host: a tweet from a viewer, india has a robust pharmaceutical industry. if they have a waiver, they could probably begin manufacturing rapidly. guest: many countries don't have that. countries like china, japan, india, russia, the european union, of course they have the ability to take this on, of course they have the ability to start the manufacture, there is no doubt about th

so i think in this case, dealing with companies like facebook and twitter and other social media companiesch and google and youtube, i think the landscape is much different. these are not companies that make products they provide , services that are free. the old definition of consumer welfare that has -- that have guided u.s. antitrust policies for the last several decades are up for an overhaul. i would think we are going to be seeing, in the next 12-18 months, a lot of efforts in congress, a lot of efforts from the justice department, from the white house, to push some of these ideas to redefine how we measure anomaly power in the hands of these companies. but i would expect that the real action is going to take a bit longer than the next 12-18 months. peter: emily birnbaum. emily: yeah, so today the house judiciary antitrust committee is holding their first hearing of the 117th congress. they are asking experts and basically, over the next month, i think there are going to be multiple hearings where they really start to hone in on legislation. the chairman of the committee says he inte

today's been about space we understand in which oil and gas companies which mining companies and which electric utility companies are genuinely starting to transition their businesses and which aren't so that we've got clarity as investors about where we need to focus our attention and use. leaders of change with those companies that aren't progressing false north. part as adam matthews knows the most powerful weapon in fighting climate change is forming alliances with other investors. stephanie pfeiffer is on the steering committee of the climate $100.00 plus initiative all i think what makes it so powerful is the weight of the investors behind it you've got $36370.00 investors with $34.00 trillion dollars in assets engaging with the highest emitting companies globally at sea level it is being taken very seriously and it has been accepted that we we all need. the investors are worried about what will happen to their money if the oil giants don't go carbon free quickly enough. will the industry face stiff penalties and will the value of their investments plummet. so. in a show of stren

company's headquarters. different cultures where he says thinking and styles of communication meet here. diversity needs to be managed or otherwise there could be problems. ahead of personnel was forced to flee afghanistan for germany as a 14 year old on his own. today he's responsible for over 20000 workers. the 1st. few 1000 from the company's point of view openness to diversity means locating the best talent for the respective jobs in the respective team we have these talents everywhere there not only white or german but could be indian male homosexuals except if you only look at the specific requirements of a job a diverse team automatically emerges with. large companies can benefit from an open corporate culture mixed teams often achieve better results precisely because they have a harder time together. i think we have to do it because it's the right thing to do because the world has different says they will have to accept. we've also noticed that teams are more innovative when they don't all come from

by a smaller company that you later acquired. >> we paid $21 billion for the company. >> that was toquire that you pay for the market value that aabvie but then doubled the price presumably justified at three or $4 billion investment of r&d. are there fewer side effects now? >> we developed expansions. >> are there fewer side effects? >> no. the same side effect profile. >> do people need less of this medicine to treat? >> now. >> aabvie took zero risk to develop the drug brought into the market. you hiked the price to pay for r&d but you haven't made the drug any better. i wrote an entire report on whether big pharma gobbles up small innovative companies that then they jack the price you told us you spent two. $5 billion for r&d even though the drug did not get any better so these innovations that are designed to keep competitors off the market. so the other money that aabvie spends you filed 165 patents for humira and other drugs to keep competitors off the market how much did you spend on litigation and settlements 2013 through 2018 quick. >> let me correct one thing that you just

let's let their state enterprises subsidize those companies and put american companies out of business. great idea. let's put our pharmacologic biomedical research guys out of business by sharing the very technology. great idea. not a great idea. look at motorola. he went to business in china and were forced to share their intellectual property and gave it to while waiting in that company was worth about $11 million in 1992 and in 2011, they were so strapped for $900 million because they stole the technology and was funding from the chinese government, but the american company out of business 50000 mittens lost their jobs. you want that happening in our biotech industry? president biden, do you want that in our biotech industry? share intellectual property, hundreds of american scientists, just give it away to the chinese communist party and by the way, also very concerning, worse than all that, messenger rna has dual use national security indication. if biology is a war fighting domain and the chinese have said it is, handing them this technology on a silver platter is a threat to nat

energy companies, be they generators, suppliers, oil companies, gas companies, they are having to makeshift. it is interesting to see how different regions are moving at different speeds, and what investors are pricing on that transition. one of europe's biggest generators, one of your wrist that's one of europe's biggest network providers, a huge shift -- one of europe's biggest network providers, a huge shift underway at that company. the new ceo has come in, and she's got some rabbits to pull out of hats because she needs to figure out how to reverse this chart here. this is engie. that's the orange line at the bottom of the chart. we have seen underperformance going through from engie, so what is the strategy? the strategy is to slim the business down, to focus on areas that are part of the next generation energysolutions. recharging more efficient -- generation of energy solutions. recharging, more efficient solutions. that is going to give it to go forward that will hopefully reverse this chart. judith hartmann is the engie executive vice chairman, and also the cfo. let's talk ab

. 50% of those companies are u.s., because the u.s. has the investment ecosystem to drive that response. more covid research has been done in the u.s. than in the rest of the world combined because of our robust ecosystem that matches innovators to investors. that is precisely because we have the ability to say that the caret for these efforts -- c arrot for these efforts is to make your money back, even though nine out of 10 programs fail. the odds are against you, but we are saying the deck is stacked against you if we take intellectual property out of the occasion. -- equation. steve: what happens if a covid 20 comes down the pipe, excess except -- a successor to the pathogen, if something like intellectual property waivers protocol gets established? michelle: well, if we could turn the clock back and imagine what it would have looked like. when we started 190 covid vaccine projects, there was no way to predict which would be successful. some of the front runners we hoped would work actually did not pan out to be s

and these are all conditions that the whole company has to adhere to. at dell based on the supply for the german bundesliga all the soccer balls are made in pakistan. at peak times the headquarters in germany sends out nearly 100000 balls and the management here is satisfied that its partner company of pakistan does not use child labor. check on that by ensuring that you know soccer balls are produced in private homes nearly 20 years ago opened our own sewing centers and we were able to monitor the process. but has the industry really changed even now only a fraction of. conditions. the mayor of seattle assures us that working conditions have improved he says there was a lot of international pressure. level of compliance with worker standards and action of workers rights can't be found anywhere else in pakistan. pay for social security benefits for our employees. things didn't exist before. and as we have complied with employer protection standards the pricing is becoming more competitive. but the head of. with a trade certification still the exception

you're not a new company that was software company you're an old good company tell us how you did itthe fun for me is 11 plus years in the job we did the spin and rnt with gardiner denver. we took the view of being start-up of being the new company, the new company. and we really envisioned everything differently the organization, the model, the way we invest, our cost centers. and we're happy with kind of getting in front of it all and then clearly with indoor air quality and with that distribution, we've been if an innovation perspective integral to reopening the economy >> tell us about the distribution of the vaccine. it is to me, there was a huge article the other day in "the new york times" about how pfizer got its drugs. it was fascinating you should be part of it you are! we used something we used for the sushi business for years and made it pharmaceutical grade we did different things from technology perspective to make it happen. we got to market with mass storage and ability to really store tens and hundreds of thousands of doses of vaccine and make that mobile that's been

edging in addition to the battalion companies, each regiment possess to elite company is composed of personnel with special qualifications. the traditional place of honor. grenadier's function leading the salt on strong positions. to enhance the fierceness of his appearance he wore a cap covered with bare skin that added an additional 12 inches to his stature. red wings trimmed with regimental lace protected his coat, which also advertised his elite status. he began the war with brass cases attached to the cartridge box belt, a reminder of the days when they threw small bombs, called grenades. they were also equipped with a short brass cut blesses, but these superfluous weapons were soon put into storage leaving grenadier's to fight just with muskets and bayonet's. although grenadier is comprised only 10% that the red coats sent to crush the american independence they made a indelible impression on their opponents and they figure prominently depictions of the war produced by john trumbull, and let her talents that he influenced. 80 regiments other elite company, the light infantry, f

this company is very different company. it's got a much different structure. a different focus on innovation and technology and it's not growth at all cost. there's not a company out there that could be focused on growth at all cost. so, yes, a painful, painful right-sizing in terms of capacity lack of investment in cap ex, less op ex than should be, that sets the stage for supply dynamics as well, most importantly, the companies are run differently than in 2014 dan brings up great points that was a difficult time and they washington heading into were heading into a very difficult time >> let's bring in paul sankey, of sankey research i know you were watching tom lee's call you had a thumb's up when tom was on, so you agree with this, but what's your best way to play this super cycle in energy >> well, i loved what you were saying about your discussion up until now has been great and i appreciate it. i love what you're saying about tom lee under stating his bull case, it's very powerful when people say it so calmly and quietly. we like the emp stocks of all of

the company reserve -- resumed pipeline service may 12 after a ransomware attack shutdown the system two weeks ago. it appears to still be operating despite the communication outage . fighting between israel and militants in the hamas run gaza strip raged on. a rocket from gaza today killed two workers in a packaging plant in the west bank and a palestinian was killed in clashes with israeli soldiers. so far more than 200 palestinians and 12 israelis have died in more than a week of fighting and the white house now says they support a cease-fire. kevin mccarthy, house minority leader, says he will oppose a bill to create an independent bipartisan commission into the january 6 capital riots. he wanted the panel to look at more than the deadly uprising among trump supporters and include other groups like black lives matter. nancy pelosi in the top republican who helped to draft the bill rejected that approach. overall covid-19 cases in the united states are going down, but when it comes to a rare and

, durable company.f weeks ago. opened up to most of the world on thursday. got over 1 million people joined since then millions more people on the wait list and we hope to be ready to let people in soon it goes back to what i was saying before. i think that markets will come and go competitors will come and go but if you really play a long-term game you focus on your community. you have updates every week. you have the opportunity to build a durable company. >> you've been adding a number of features to help members effectively monetize or creators monetize what they're doing. you're not taking a slice of that right now the question i'd ask you in terms of longer term, how you think about monetizing the business i know you recently had a partnership with the nfl, for example. >> yeah. you know, we're very excited to build a different type of social network where we are only growing when members of our communities, amazing creators on the platform are growing so i look at people like darreus and leah and

machine learning has allowed companies to deliver that are services. many have also argued this technology is harnessed into algorithms designed to attract time and attention and the results can be harmful to our kids attention spans, to the quality of public discourse, to public health, and to democracy itself. what happens when algorithms become so good at amplification showing you content that a computer thinks you like, that you or your kids or family members and up spending hours each day engaged, staring at the screen? what happens when algorithms become so hyper tailored to you and your habits and interests that you stop being exposed to ideas you might find disagreeable or so different from yours as to be offensive. what happens when they amplify content that might be very popular but it's also hateful or false? ranking member assassin i worked on the hearing. one of the main reasons -- ranking member ben sasse and i worked on the hearing together. we do not see this as a partisan issue. mark zuckerberg himself recently said "when left unchecke

tech companies.ixth such case filed in the last year by state and federal officials, but the third -- but the first against amazon. we are joined by attorney general karl racine himself. attorney general, thank you for joining us on a big day. we were having a conversation about this suit earlier in the show. some of the critics saying what you are accusing amazon of doing is what all retailers do. what do you find so problematic about amazon's behavior, in particular? >> to be sure, those are criticisms we expected, but when you focus on amazon, and the amazon digital mall, what you are talking about is a player that owns at least 50% of the marketplace. there are estimates that go up to amazon having 75% of market power. the other players, ebay, apple, walmart, if you aggregate and add that up, probably about 12% or 13%. amazon dominates the online space. here is what they use their power to do to third party sellers. they require sellers first to pay amazon a very significant commission, upwards o

those will be the automotive chip companies not every company chooses to be an automotive company itable win but nothing, no big movement is going to happen in the industry the industry is going to do well across the board. because the surge unexpected surge after the covid-19 should itdown, you think all products will be in ports, which they are unexpected shutdown chips that didn't -- >> t.j. i want to ask about lithium ion battery company you are taking public via spak deal world arrange global supply chains disruptions to get critical factory equipment delivered from asia how is it a game-changer what are we going to see going on with chip shortage tell me about lithium battery market. >> you know i live in silicon valley, and so that is exciting news for me is one of my start-ups, i am retired, but i keep four companies that i vest in personally work with. these guys have a silicon lithium 1 1/2 times better than lithium batteries i apply today is there is a much more famous company i am insure you heard about that spak public a while back a different advanced battery like 10 co

we think the company has great management. it's a company with there is tremendous tailwinds.s are at record highs. we think that will be a great combination for our shareholders. matt: talk about the pipe, eric. what kind of private placement, what kind of investor involvement have you got here? eric: we raised $100 billion. we have $236 million, u.s. dollars and are spac. in -- in our spac. also from a number of other professional investors that have bought non-, at $10. that validates the number put on the company. amanda: there will be those who wonder about the cyclical nature of the business and your ability to get enough deficiencies out of is given where steel prices are now and where they might go. i assume you are bullish on the direction of the resources sector in general. is there some concern here about what you have to do and how quickly to make sure everything stays stable? eric: there isn't concern. there is not concerned, because we are not just buying the company because things are good right now. over a long-term period there is a 15% cash flow yield for the

the point is that any company can learn from our experiences so the use of company doctors can really function officially from the very beginning so they get it right the 1st time. it was many large companies have already started setting up their vaccination programs and would prefer to start immediately but they'll have to wait because not enough vaccine is available yet. of course it's not optimal from a logistical point of view as it has to be planned better but it also depends on the vaccine suppliers were hoping for more reliability called. for it hasn't had any side effects from her shot and she's free to go home in a few weeks she'll come back for her 2nd dose provided the june consignments arrive on time. and that's our show thanks for watching ever stop by successful but. how. is happy she got a spot at colognes institute for inclusive education. here people like jenny who have mental disabilities are trying to be education specialists they know the issues mentally disabled people deal with firsthand. academic track for people with disabilities. to. globalize us is on its way

company and digital company, if you will, whether you're in manufacturing like gm or federal expressrplanes and moves logistics. what that means is tech will outperform nontech dramatically over the next decade and it will go in waves. i have 20 startups every one of them is accelerating their growth, but there will be profits and there will be cyclical times in tech if i were betting tech for the next decade i think that's where i would continue to put my money in you will cycles around artificial intelligence. if you want your kid to major in something cool, artificial intelligence and cyber security is the place to bet your future on tech will expand be a be a good place to invest for the next decade >> yeah. john, those sectors you mentioned, cloud, artificial intelligence, cyber security, those are the ones that haven't really kept up their momentum when bob talks about this bifurcation, you're seeing some of the more value or legacy tech names get more of a bid this year how long does that play out for if you are looking years in advance, what are you betting on >> i think you

now when it comes to the companies benefiting from the pandemic, the world's 5 largest tech company are certainly out there. it has. the network has boosted demand for digital services. google parent company, alphabet amazon, apple. facebook and microsoft have been raking in billions. but most countries are benefiting from these profits. the g 20. the countries that account for most of the world's wealth are losing $32000000000.00 a year in on paid taxes by these large tech firms. that's according to the n g o action a. now that money could help governments foot the bill for debt taken on to deal with the pandemic economic fall out for more, let's talk to one of the people behind this report on the da back is the global tax program and policy manager at action aid on welcome to the w unders. good to have you. deb calls for over years that multi nationals need to be paying more taxes. why should that change now? was a research shows today, there is a potential tax loss of up to $32000000000.00 us dollars from just g 20 countries and i think especially now with the covered crisis and the