looking at the sanofi production facility we are just outside, president macron is due to visit sanofi'sduction site where the french pharmaceutical giant is working on their covid-19 vaccine. a story we were covering about a month ago. it came under a lot of scrutiny after a ceo suggested the u.s. may get first access to a successful vaccine let's bring in charlotte who joins us with more it seems to have emerged as a story in a tea cup what more can you tell us about this story and what we can expect from president macron's visit today. >> this story created an up roar on the french scene and mentioned it saying it is completely out of order. the french national champion would give priority to other country where in the world that the vaccine should be shared around the world to that vaccine plant of sanofi is interesting in that context that said maybe this was a crisis with the warning shot it had been warning europe many times that they need to put in place a system to help finance in times of crisis like they have in u.s. to help support companies for vaccine and manufacturing as w

the ceo of sanofi.frey canada will spend some time with us discussing these recent days and bob carter, toyota ceo and randall stephenson take a look at times square this morning. this is right outside the window where joe is you can see the hard rock right beyond where the nasdaq studio is boarded up on this tuesday morning. and very few people in the streets, joe >> very few, you're right, andrew and kind of weird. i did notice, there's normally about 10 police cars outside and there's zero today there was one earlier. now none so i'm not -- i don't want to draw any conclusions from that, that they're needed somewhere. i don't know why i don't know why, but they're just -- >> could be that they've been working long hours in overtime. >> maybe that's it our top story -- but no one here our top story once again, cities torn apart overnight it's daytime peaceful protests turned into nighttime violence riots and looting gripping cities from washington, d.c., to los angeles. new york city imposing its firs

the french pharmaceutical company sanofi expects approval for a covert 19 vaccine in the 1st half of next year so no fees program is $1.00 of dozens of spring sprinting to deliver a vaccine to help end the coronavirus pandemic. a massive cloud of dust from the sahara desert is blanketing the caribbean where a density of dust this high hasn't been seen in half a century health experts warn the dust could exacerbate respiratory conditions including covert 90 and telling people to stay indoors for. russian president vladimir putin says the world owes the former soviet union a debt of gratitude for its contribution to the defeat of nazi germany in world war 2 he was speaking at a major military parade in moscow marking 75 years since the end of the war the parade was originally scheduled for may the 9th bot was postponed because of the covert 19 pandemic the kremlin dismissed criticism that it's irresponsible to go ahead with it now saying infections in moscow are declining. a correspondent is standing by for us at moscow's red square where the parade took place today emily why did presi

pharmaceutical companies i know she expects approval for a covert 19 vaccine in the 1st half of next year sanofi its program is one of dozens sprinting to deliver a vaccine to help end the coronavirus pandemic. heavy rains have triggered floods and landslides in parts of eastern and central china more than $200.00 hectares of farmland and hundreds of houses were flooded in eastern unholy private province in central hunan the rains bridge dams and displaced some 60000 people russia's president vladimir putin says the world owes the former soviet union a debt of gratitude for its contribution to the defeat of nazi germany in world war 2 it was speaking at a major military parade in moscow marking 75 years since the end of the war the parade was originally scheduled for may the 9th but was postponed because of the coronavirus pandemic the kremlin dismissed criticism that it is irresponsible to go ahead with it now saying infections in moscow other climbing. well the w. russia correspondent demolition and house been following the parade today here's an update she sent us from moscow's red square all

sanofi is leading the charge to develop a vaccine.expected to start later this year. joining us with an update on where things stand is sanofi's ceo paul hudson. they hosted an r&d event this morning. thanks for being here. great to see you. >> thank you great to be part of it we're here about to hold the r&d event. pretty exciting day for us >> let's talk about where things stand with the coronavirus vaccines that's what most of the world is watching closely this is a huge race. you have some pretty big news yourself this morning about where things stand with that why don't you walk us through the mrna vaccine you're pursuing. >> sure. today we announced a collaboration with translate bio and our team working closely with ron and the team on the future platforms one of them could be mrna in covid. that will come later the real push for us right now is our virus platform. we hope to be ready for patients before the summer of next year incredible progress as a team. people forget sometimes that we're the only proven platform out there

shares of translate biosoaring this morning after sanofi agreed to a potential $2 billion deal to takend a quarter percent stake in the biotech company. the move is expanding their collaboration in development of of inoculation against covid-19. last hour reuters reported sanofi expects to get approval for the potential coronavirus vaccine by the first half of next year. now we are seeing the acquisition of the stake in trans genomic inc. the stock is up 70% right now. chinese influence on higher education continues to be an issue. the new investigation finds $1 billion in anonymous foreign funds among institutions nationwide, even a school with direct contracts with the chinese communist party. the department of education says the money is from china, russia, qatar and saudi arabia. the education secretary says the findings should lead to more transparency in reporting foreign financial ties. i discussed the issue with senator tom cotton, the reconsidering of visas of chinese students studying in america. you believe we should not be giving visas to chinese students who want to study

based by the way sanofi which is a french firm lab. it's also american and astra zeneca which is a british laboratory there is news on 2 of them so let me bring you up to date on that going to start with madonna dern a is announcing that it is about to begin its 1st large clinical trial how large it's going to inject 30000 adult trial participants volunteers they're already planning to manufacture as well 100000000 doses to be ready by september there's no guarantees it's going to work still they're doing that but if it works they then will begin producing 500000000 doses for next year and then they say 1000000000 every year after that now let me take you to some more encouraging news about a different a pharmaceutical giant this is astra zeneca astra zeneca is announcing a $1200000000.00 deal with the u.s. government they're going to produce with that $400000000.00 doses of their vaccine even though it's also still unproven it does make you wonder why they're so confident well i can tell you this astra zeneca has been doing human tria

macron announcing an initiative to support research .nd development he is visiting the sanity -- the sanofiwe are seeing emmanuel macron with two or three officials, i believe also the chief executive. they are all socially distancing, wearing masks. closely whether there is a developer out of of priority for countries, for research. that was one of the debates. let's get to the bloomberg business with dani burger. more jp morgan will return stuck to its manhattan trading court next week as the biggest u.s. bank begins formerly reopening offices post lockdown. it will bring lock those back in waves to its madison avenue tower next monday. will build to 50% by july. other businesses are formalizing plans for bringing employees back. ray dalio's bridgewater suffered a 15% drop in assets under management in the wake of heavy losses for its flagship fund. assets fell to $138 billion at the end of april. according to bloomberg sources, clients of the hedge fund giant mostly reflect returns rather than client drawls. firmrch, dalio said the got hit by coronavirus at the worst possible moment. cer

let's get a check on the pharma stocks green across the board here, gsk and sanofi and roche above 1%. that's a look at the european pharma sector. let's look at lufthansa. shares are topping the stoxx 600 after share holder criticized the 9 billion bailout deal with the government tla said he has raised his stake in the company to 15% and is pushing to seek in all directions voting against the government which gives the government 20% stake in lufthansa in the general meeting on 25th of june. shares of trading about 2% higher this morning. >>> signify unveils an ultraviolet light that can degrade the coronavirus in a matter of seconds. testing the technology in boston university and found the exposure to the light kills the virus. telling cnbc how the product could be used to disinfect indoor areas >> it is interesting in three seconds, the virus is eradicated we have an exposure of 6%, it is 25%. for the scientists, they need to have these type of statistics to say this is gone that is very good news it is a preventative measure meaning that we are disinfecting the surfaces and the

sanofi is investing in this u.s. company to work on new coronavirus vaccines.s a result, shares are rocketing. the deal is valued at $2.3 billion and it's basically money up front, then they are buying shares at a 60% premium. it's a complicated deal. you have to remember that sanofi is also working on a covid-19 vaccine with another company, glaxosmithkline and they hope to up approval for that vaccine from the end of next year to the early part of next year. these companies are up because there is promise that we will get many vaccines to the market. stuart: you've got good vaccine news, your stock goes up. that's the way it works these days. all right. how about bayer? the correct pronunciation is bayer. they make roundup, the weed killer responsible for a whole bunch of lawsuits. that stock is up nicely today. it's got something to do with the lawsuits, right, ash? ashley: it does. 125,000 of them here in the united states alone but a financial newspaper in germany claims the company is close to coming to a settlement and the report says what will happen is

in other words, the likes of astra-zeneca, sanofi and gilead out with remdesivir, i guess an inhaledhe end of this year. again, some optimism around that. the backdrop for all this is these spikes in cases that have some worried, particularly in states like texas and florida, arizona. by the way, arizona where the president is heading to the border today. there are worries out there. casey siegel has more on that. reporter: we have been reporting on this for awhile. yesterday the governor addressed texans, his tone a little more worrisome yesterday than it had been at his previous warnings. he's saying that if these numbers continue going in the wrong direction across the entire state of texas, that the state may have to roll back some of its reopening measures. but he did point out that that would be an absolute worst case scenario but it's not off the table, because right now, he is urging texans to wear masks. it is not something that is required. and he's also urging people to continue that hygiene and maintaining social distancing measures but a lot of local communities have ena

will be an exercise in futility >> it would be >> jim, the one thing we didn't crack this hour was sanofi for covid vaccine would begin toward the end of the year and regeneron working on an inhaled version of their drug, increment at medical moves that get lost. >> the anti-viral will be a cocktail that's made of monochromal antibodies i love lilly but my money is on regeneron. it's not a horse race, just a great company doing a lot of great things >> all right, guys jim, see you tonight >> i love the astronauts sentimental. >> that was good >> yep >> that was a highlight. "mad money" 6:00 p.m. eastern time >>> good morning, everyone welcome to "squawk on the street." i'm carl quintanilla with david faber, sara eisen, coming to you live from various locations. it has been another night of american cities getting torn apart by riots and looting, and another morning now of cognitive dissonance from the markets which are, sara, either pricing in some kind of resolution or a continued reopening of the economy, or some argue simply riding the wave of fed liquidity. >> all of those things, car

reached out milan does say that its drug is available but does cite that increased demand pfizer and sanofi are smaller maker. they are looking to increase for the eight countries they do supply back to you. >> meg, that makes it sound like there will be more supply of this hand there was of hydroxychloroquine when we thought that was going to help >> hydroxychloroquine is an interesting one. that is only used for cases of malaria and other things the use spiked and now there is all this left over-hydroxychloroquine after we found it doesn't work. but dexamethasone was more widely used before this. that is a bit of the difference. >>> joining us to talk about this and more is dr. scott gottlieb a former fda commissioner and serves on the board of both illumina and pfizer. you are not the type that says i told you so but you did warn us that some of these states looked like they were hitting potentially pandemic or outbreak levels within those hot spots. those numbers you worry about have come to fruition. >> it is difficult to get under control. you remember new york city announced the stay