executive paul hudson had said that the u.s.d get any potential coronavirus vaccines that the company develops there, first. something france calls unacceptable. cnn's with the story. >> sanofi tried to deescalate its row with the government saying it had been misinterpreted. it started this week when the ceo paul hudson was quoted as saying that the united states would be first in line to preorder any potential coronavirus vaccine that sanofi might succeed in developing. as you can imagine, a french pharmaceutical giant saying it will prioritize the u.s. markets caused a fuehrer here in france. macon -- mr. hudson on tuesday. they will be meeting at the palace. mr. macron said the coronavirus vaccine should be a common good, available to all, regardless of financial considerations. but even though sanofi has softened its rhetoric, the substance of its argument remains the same. they argue that developing and fast tracking a coronavirus vaccine is a risky and financially costly endeavor. and they want countries to share the fina

paul hudson will join me live at 7:10 a.m.astern to find out how they can be used as treatment and at home tests coming up. 7:30 this morning, and disney $1.4 billion hit from the coronavirus. entertainment giant saying the pandemic would impart part of its business for the foreseeable future. take a look. futures indicating at the start of trading this morning, better than 200%. s&p is up 25, nasdaq up 78 after u.s. markets posted second straight day of gains yesterday. the dow, nasdaq, s&p 500 up 28% from lows on march 23rd, mornings with maria is live right now. ♪ maria: global market this is morning have a firmer tone. take a look at european indices searching for some direction but strength in the ftse 100 in london, cac quarante in paris is down a fraction but the dax index is higher by 30 points. european union is warning of what is calling a recession of historic proportions fore casing that the euro zone economy will contract 7 and a half percent in 2020. sharp contraction there for the entire year. second quarter ver

saying that the idea was u unacceptablble, e reaction of cocourse was over ceo,ments made byy sanofi paul hudsonan e englishman. he said the u.s. government has the right to o the largest preorder becauause it has invnvd and taken ththe risk to develola covivid-19 vaccine. receieive financial support from the u.s. government, last december it won millionorth 200 $56 toh the department of health expand its infnfluence of vacci, which is in pennnnsylvania whihh is being used to crcreate a new vaccccine. bubut it's also been benefiting from tens of millions of eururos inin credit from the french stae over the years. we have to bear in mind that they are talking about a vaccine that is still being developed, and it will not be availilable until the end of next year. but sanofi has become the leading developer after teaming up with its british rival to work together on this project. is ae: joining me now virologist at lancaster university in the u.k.. thank you very much for your time. as we just saw, sanofi has been causing controversy with its comments about the u.s. getting its vaccine should come

was 1st out of the blocks to fund some of these coronavirus research paul hudson said in an interview with bloomberg it's shaping up to be a major political row french politicians say prioritizing the u.s. would be unacceptable. correspondent lisa lewis joins me now from paris lisa what was the french government's reaction to this. well there were and really happy about this obviously the u.s. secretary of state and yes this morning she said actually that that it was unacceptable that a company would put a vaccine 1st on the market in the u.s. and not in europe at the same time and that would depend on money during the day though seems that the government has been talking to said no fee to the company only view they are the health minister here has said that he talked to the c.e.o. in the u.s. and that it looked it sounded to him like that had been some kind of verbal slip really that he didn't mean it that obviously that the vaccine would also be available in europe and the authorities are now trying to calm things down a bit more here in france so does that mean that all this was ju

paul hudson said in an interview with bloomberg it's shaping up to be a major political row french politicians say privatizing the u.s. would be an acceptable. for more on this i'm joined by office all of them from d.w. business welcome now the battle to come up with a covert 19 vaccine does come over nationalistic overtones to do yeah absolutely it is taken that line at the moment paresh vaccine nationalism you could call it and that is a problem and if you talk to any public health experts they would agree that it is a very big problem potentially so since this problem started to cover one thing when the most consistent things we've heard is that in order for the in order for there to be a long term viable solution we need a vaccine and that even in that case it may not even be a full solution but as a result of that countries have been rushing to try and get there 1st because of the perceived that that would come and also for the political kudos that they would achieve by been able to say to their entire population we would vaccinate you however what a lot of experts agree on is that in ord

company has pledged that if his team develops a corona virus vaccine it will be available to all paul hudson who heads up a scent of has said that the u.s. government would be supplied 1st because it had funded the research center field which is based in france says since issued an apology after the french prime minister it worked filipe responded that equal access was non-negotiable there's no guarantee any of the research being carried out around the world will be turned into a usable backs natasha butler has more on the story from paris. well the back story to this is that the boss all of the french pharmaceutical companies santa fe said that if his company were able to produce a coronavirus vaccine that vaccine would be available as a matter of priority to the united states because the u.s. has invested so much in research well those comments caused quite a controversy here in false firstly because santa fe has benefited from tens of millions of dollars worth of research credits from the french state and also because the french presence amount on my call has repeatedly said whichever cou

sanofi's global ceo paul hudson hud said the united states would have the right to the largest pre order because they invested heavily in the company. . sanofi has b n workrking to find a vaccicine fr the virus since mid february of this year after they struck a deal with research and development agency barda. the program received thirty million dollars worth of u. s. funding. hudson's comomments even raiaisd eyebrows within the company itself french director of sanofi odv bushel has tried to play down the incident suggesting it's not a question of ethics bunch of pragmatism. such a burden in putting you in direct from the seventies it is useful. listed on your statement whatt was. that what city it is just more of a concern for a lot of difference the productionon unit but didn't look real up fast a and then choooose an accident which he knows is coming on when you walk down. a hundred bucks on my mobile. some he was quick to clarify that only the- produced on america soill will be giviven to t the u. s. fast. those made in your just. that yetet for the french authorities the issue tran

coming up, and exclusive conversation with paul hudson at 12:00 p.m. in new york, 5:00 p.m.on. this is bloomberg. ♪ ♪ "surveillance," good morning, everyone. with us, the laureate michael spence. you wrote a brilliant essay years ago on hurricane katrina. i would suggest the political dialogue of disaster changed with katrina, the immediacy of social, the immediacy of all of that media technology step-by-step. becomethe politicians unconstrained from the katrina so they can find disaster preparedness resilience in this crisis? michael: that is an interesting question. i think this stock may be big in someo that at least dimensions on the health care side, on a number of dimensions we have actually made investments. we had this huge stimulus package and a huge spike in unemployment claims. the unemployment claims simply overwhelmed the computer systems that are required to be online, causing distress and so on. with cloud computing, it is an entirely fix elbow -- fixable problem so i expect resilience. going back to the type one and type two errors, normally we commit the err

company has pledged that if his team develops a corona virus vaccine it will be available to all paul hudson who heads up the scent of fee has said the u.s. government would be supplied 1st because it had funded the research said a fee is based in france and since issued an apology after the french prime minister filipe responded that equal access was long negotiable there's no guarantee any of the research being carried out around the world will actually be turned into a usable vaccine. the un envoy to yemen says the country is facing a perfect storm of color on malaria and the coronavirus confirmed infections have surged to $72.00 in recent days but charity save the children says 385 patients have died over the past 7 days showing coronavirus like symptoms are diplomatic editor james bays reports now from the united nations thank you very much giving his monthly update to the un security council special envoy martin griffiths seem frustrated his efforts to achieve a cease fire have not borne fruit and the situation in southern yemen has got much worse the president i'm deeply concerned abo

the row began when paul hudson was quoted as saying the u.s. would be first in line to preorder any coronavirus vaccine that sanofi might develop. now, the notion that a french pharmaceutical giant would prioritize the u.s. market for something as vital as a coronavirus vaccine caused furor. the french president emmanuel macron summoned the sanofi ceo and expected to meet tuesday. mr. macron wants the virus to be a common good. not subject to the laws of the free market. but even though sanofi tried to change its messaging today, the substance of its argument remains. that is that developing and fast-tracking a vaccine is an expensive endeavor and they want countries to share the financial risk, the financial costs of doing that. the u.s. has already done so putting tens of millions of dollars on the table earlier this year. france and europe have not done so. cnn, paris. >> reporter: aim matthew chance and dozens of newly born babies born to surrogate mothers remain stranded in ukraine this morning. heartbreaking images have emerged as 46 litt

after being summoned by french president emmanuel macron, sanofi ceo paul hudson said the company wasope? it was never a choice. we need to get vaccines to everybody across the world, all parts of the world, doses for everybody. we're all going to have to play a huge part in that, because if we add all the manufacturers together, it still perhaps won't be enough. we must be at the top of our game, we must be ready. earlier, i spoke with georgetown university professor lawrence gostin. i asked him whether the row over sanofi was a harbinger of things to come. you know, if we have ample supplies of vaccine and money wasn't an issue, we would give it to everyone. but that's not the world we are likely to be in, we are likely to be in a world of scarcity, where there is a competition, particularly at the beginning when the vaccine is just approved and then manufactured slowly. so all of our experience tells us that the rich countries will hoard it. that happened with influenza h1n1, where countries around the world actually promised to share, but didn't, because they wanted to use them fo

company has pledged that if his team develops a corona virus vaccine it will be available to all paul hudson who heads up the scent of it has said the u.s. government would be supplied 1st because it had funded the research said a fee which is based in france has issued an apology after the french prime minister edward filipe responded that equal access was non-negotiable there's no guarantee any of the research being carried out around the world will actually be turned into a usable vaccine that there has more from paris. well the backstory to this is that the boss all of the french pharmaceutical companies santa fe said that if his company were able to produce a coronavirus vaccine that vaccine would be available as a matter of priority to the united states because the u.s. has invested so much in research well those comments caused quite a controversy here in france firstly because of his benefitted from tens of millions of dollars worth of research credits from the french state and also because the french presence in mt omar kong has repeatedly said whichever country does come up with a

the chief executive paul hudson is warning europe risks falling behind unless it steps up its effortso fight the virus with cash. fiat, chrysler have agreed to scrap the dividends they agreed to pay as part of their merger deal. the boards of both manufacturers said preparations for their merger are still advancing well despite scrapping that dividend. the deal is on track to close before the end of the first quarter of 2021. that is your business flash. anna? anna: coming up then on the program, more about italy. italy passing a much-delayed stimulus bill, but what kind of edge will it take off the recession we expect to see there? more on the italian story next. this is bloomberg. ♪ anna: welcome back to the european market open. we are still 50 minutes to go until the start over the trading for the european equity trading day. now let's talk about what is going on in italy. italy has double down on its stimulus efforts approving a much delayed 5 billion euro package to help families hit by a two-month nationwide lockdown. extra funding for companies and tax cuts. our guest is still

lauren: paul hudson told "bloomberg news" because the united states was the first to invest in sanofi's they are likely to get the first and the largest doses of the vaccine. that has sparked outrage. next week there will be a meeting between president macron's office and executives at sanofi but this is a very large and encompassing issue right now. what do governments, countries, companies do, when there is a vaccine? how do you distribute it? who gets it first? what's there, what's not? stuart: i can see the fight coming a mile off. actually you're right, lauren, it has started already right there. you got it. sanofi is down 1.3%. >>> we got some new safety measures from uber both for drivers and riders. susan, how are they going to make us safe? susan: riders, drivers, have to wear masks starting monday around the world for anybody that take as uber. drivers need to verify they are wearing a mask by up loading a selfie on the app. they have to be asked whether they cleaned their car or washed their hands. riders need to prove they are wearing a mask but they don't have the selfie co

go to kearny in hudson county. for paul and dolores, otherwise known as liz mccurry. they were each 91 years old, and had been married for more than 60 of those years. they each passed from covid-19 within days of each other. liz, three days before paul. he could havee played james bond in his youth with that tux edo. paul was born and raised in kearny and served in the united states navy from 1954 to 1958. returning home, he returned to school and graduated from the rockers school of law. he was serve in a number of ,apacities in his hometown attorneys among them. from 1962 and 1964, he was elected did to represent hudson county in the general assembly. he was part of the hudson county bar association and west hudson bar association, as well as a -- trusteetee as of a scholarship committee. liz, on the left there, what an incredibly handsome couple, was born to kearny to a -- in kearny to a single mom who worked through the great depression to provide through her daughter -- for her daughter. she is a student at bloomfield high school and made a group of friends with