now kirin is seeking a different buyer. >>> a japanese joint venture is taking a new step to promote sharing, promoting public transportation during the coronavirus pandemic. they lease vehicles to individuals who can then share them with others. company officials told nhk they plan to provide new customers monthly rebeats up to 40,000 yen or $380. the incentive is given on the condition that the customers provide their leased cars for the firm's car sharing program. the company believes more commuters are interested in car sharing, viewing it as a safer way of traveling than on trains and buses during the pandemic. the officials also point out that unlike car owners, the drivers and passengers won't be burdened with maintenance costs. >> major japanese non-life insurers say their auto insurance payout have tumbled, citing fewer accidents as many drivers are choosing to stay home during the pandemic. three non-life insurance groups together paid out about $4 bibillion during the aprpril toe quarter, down about 17% in yen terms from the same period last year. it isn't clearar whether

,ustralia, a big story today ended a deal to buy kirin in australia.er saying it wasn't in the national interest. they are importing more from the u.s. because of the phase one trade deal. is that the pendant on external food supplies -- is the dependent on external food supplies a cornerstone, and they can't get around it? tao: they can't. long-term, there is impairment in the supply chain. if you look at countries restricting food exports because of the pandemic, both in china and elsewhere. from my perspective, the food security issue is not just internal and china but also a global issue. countries,ferent they need a globally integrated food system. back tord to just go their own country's inner loop, so to speak. that will be hard to do short-term. even long-term, i think it is full of challenges but i think different countries understand that they need to worry about their own domestic food security challenges. , the narrative in terms of food security is that they have .0% of the world arable land the challenge is always there. from my perspecti

shelter at home order in that area because of deadly c lly cl gas fires produced by the crowds >>> kirin has developed japan's first beer without carbohydrates. it took five years to develop that eliminated carbs but maintained the beer's flavor i don't know what's the point of that that's the news update ty, back to you. >> you know, i was reading my notes and you made me stop and listen to that >> i'm glad. >> on the no carb beer that's the idea. that's how you do it >> i guess so. does it taste good we'll see. we'll do a taste test. >> we'll do a taste test >>> let's look at where the market stands. the dow holding on the a 250-point gain at this hour. that's about 1%. the nasdaq lagging today but it's another set of records there. the russell higher by about two-thirds of a percent. kelly. >>> the tiktok saga is heating up ceo kevin mayor resigning after three months on the job ahead of a deal to keep the chie nanese p running. walmart is now partnering with microsoft on a bid for the platform's organization. a deal could be announced as soon as next week. it's likely to be many the

to anation when it comes andisition between kirin lion dairy.e had heard airily -- early the australia was backing buyout of one of its best one -- best known dairy brands. that has now been terminated. we know that they've been on an acquisition spree for overseas assets after they purchased the dairy and a formula producer here in australia. let's get you the first word headlines with karina mitchell. karina: latest virus data indicates infection dates -- rates are declining in the u.s. spanish cases fell from four month highs while germany is scrapping plans to test travelers from high risk regions with health service capacity. with restrictions on social gatherings. hong kong investigating the reinfection from someone who recovered from the virus in april. the 33-year-old man was found to have a second infection while passing through the airport returning from europe. researchers determined he was infected by separate strange of the virus that could circulate even if patients gain natural immunity. president trump marked his official nominat