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Apr 30, 2021
04/21
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the wto is about to decide. unequal burden — women bear the brunt as the pandemic batters india's economy. hello there. we start with amazon — it's the latest of the silicon valley tech giants to report how much money it's been making over the past three months. and the numbers are staggering. revenues of $108 billion — up 44% on this time last year. and $8 billion in profits — three times more than it made in the same quarter last year. we all know how much of our spending has migrated online during the pandemic. but as shops begin to reopen, will our amazon habit continue? here's michelle fleury. is on, the latest, basically saying that its profits tripled over the quarter. joining the ranks of google, facebook and apple all reporting stellar results. perhaps in some ways we shouldn't be too surprised because if you look at all of us over the last year, however lifestyle has changed because of the pandemic, our activities moving online, whether it is work, schooling, socialising or shopping, all of that has be
the wto is about to decide. unequal burden — women bear the brunt as the pandemic batters india's economy. hello there. we start with amazon — it's the latest of the silicon valley tech giants to report how much money it's been making over the past three months. and the numbers are staggering. revenues of $108 billion — up 44% on this time last year. and $8 billion in profits — three times more than it made in the same quarter last year. we all know how much of our spending has migrated...
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Apr 9, 2021
04/21
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CSPAN
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that is why it is important to support and strengthen the wto. strengthening the w seo can help bolster china and the u.s. -- the wto can help china and the u.s. solve some of the problems between them. the eu and u.s. problems with steel and boeing and airbus, maybe we can come to some negotiated solutions that would be outside of the purview. solving these problems will be materially important. for trade all around the world. when the big powers have this kind of impact on what happens in other countries, and what happens on trade. we need to strengthen the wto and strengthen the multilateral mechanisms and trading systems so countries can once more have a resource to settle any disputes and build a consensus around certain trade rules that are going to be very strong for the world. that is going to -- that is what we are trying to do at the wto. as a rulemaking organization, we are the one place where members can come to settle their disputes. that is one area where we really need strong reform. we need the support of all the members, the u.s.
that is why it is important to support and strengthen the wto. strengthening the w seo can help bolster china and the u.s. -- the wto can help china and the u.s. solve some of the problems between them. the eu and u.s. problems with steel and boeing and airbus, maybe we can come to some negotiated solutions that would be outside of the purview. solving these problems will be materially important. for trade all around the world. when the big powers have this kind of impact on what happens in...
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Apr 23, 2021
04/21
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CSPAN2
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support the push from our elders very long time public servants from across the globe calling on the wto to waive intellectual property rights. this is specially important from the mrna vaccine which is easier to produce. into sharing that intellectual property while necessary is insufficient to ensure that vaccines are produced around the globe and now locally here in the us turning shots into the arms. while that is a crucial step, from the us perspective should very much look at others who have been calling on pepfar for the vaccine administration to invest in building real manufacturing manufacturing capacity this would be important not only in this moment for covid-19 but also continuing to inoculate people against covid-19 for the future. we heard from the pfizer ceo we would likely need a boost - - a booster shot within 12 months. so how that flexible manufacturing capacity is important for the now but also continually protecting people from covid-19. your questions are important because it would be hubris sitting in dc or new york city were to only talk about the need for global
support the push from our elders very long time public servants from across the globe calling on the wto to waive intellectual property rights. this is specially important from the mrna vaccine which is easier to produce. into sharing that intellectual property while necessary is insufficient to ensure that vaccines are produced around the globe and now locally here in the us turning shots into the arms. while that is a crucial step, from the us perspective should very much look at others who...
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Apr 26, 2021
04/21
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BBCNEWS
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and this requires eight trips waiver at the wto. pfizer for myl waiver at the wto.. pfizer for my mother and _ waiver at the wto. pfizer for my mother and a _ waiver at the wto. pfizer for my mother and a should _ waiver at the wto. pfizer for my mother and a should be - waiver at the wto. pfizer for my| mother and a should be required waiver at the wto. pfizer for my. mother and a should be required to iicehce _ mother and a should be required to iicehce their— mother and a should be required to licence their vaccine _ mother and a should be required to licence their vaccine to _ mother and a should be required to licence their vaccine to other- licence their vaccine to other countries _ licence their vaccine to other countries they— licence their vaccine to other countries they can _ licence their vaccine to other countries they can develop l countries they can develop manufacturing _ countries they can develop manufacturing to - countries they can developj manufacturing to vaccinate countries they can develop - manufacturing to vaccinate their populatioh _ manufa
and this requires eight trips waiver at the wto. pfizer for myl waiver at the wto.. pfizer for my mother and _ waiver at the wto. pfizer for my mother and a _ waiver at the wto. pfizer for my mother and a should _ waiver at the wto. pfizer for my mother and a should be - waiver at the wto. pfizer for my| mother and a should be required waiver at the wto. pfizer for my. mother and a should be required to iicehce _ mother and a should be required to iicehce their— mother and a should be...
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Apr 30, 2021
04/21
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CSPAN2
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at the wto. the united states has spearheaded global health progress first against polio and then childhood diseases and then hiv and aids. we need to show similar bulls and yeses decisive action to fight this pandemic. this will require treating global health as a public good that the entire world benefits from rather than a privilege for those who can pay for it. i'm so honored to be a part of this esteemed group. i look forward to how we work together on this important goal. once again, thank you so much for inviting me to it join you today. and yes, please keep up the fight. thank you again. >> we are grateful to have had the congresswoman speak to us. we value her leadership. we will continue to need her leadership and those of others in the congress. we are going to turn out to our audience which has many questions. i'm dying to ask allie smith to kick us off for a first round. allie. >> sure, we have many questions. the first tier is asking how we best monitor where the vaccines go. and ho
at the wto. the united states has spearheaded global health progress first against polio and then childhood diseases and then hiv and aids. we need to show similar bulls and yeses decisive action to fight this pandemic. this will require treating global health as a public good that the entire world benefits from rather than a privilege for those who can pay for it. i'm so honored to be a part of this esteemed group. i look forward to how we work together on this important goal. once again,...
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Apr 9, 2021
04/21
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CSPAN
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these all -- are all areas he wto needs reform. on climate, trade can continue so much to issues of climate change to lower emissions in the world. we need to build the rules there that help strengthen the system. a lot of work to be done, a lot of challenges in order to make the place a viable one were big countries and small countries can settle their differences. it is going to be tough, but we hope to get it done. >> you have a long to list there. any fitness left, we have been talking about issues that could impact the outlook. minister, i want to get your take on politics in europe because chancellor merkel is retiring this year after 16 years. to faces an election in september which is paramount for europe, macron faces election early next year. >> i am optimistic about the ability of europe to continue to be -- covid-19. also we can see many of the opportunities we want to on behalf of our citizens making the countries into a better world. we do have important elections coming up and what will be happening for us in germany
these all -- are all areas he wto needs reform. on climate, trade can continue so much to issues of climate change to lower emissions in the world. we need to build the rules there that help strengthen the system. a lot of work to be done, a lot of challenges in order to make the place a viable one were big countries and small countries can settle their differences. it is going to be tough, but we hope to get it done. >> you have a long to list there. any fitness left, we have been...
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Apr 12, 2021
04/21
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first do you, and congratulations on your new position as head of the wto.ted to head the wto in february of this year almost one year after the pandemic began. what do you see is the greatest economic impacts that developing countries are baring during this global crisis? >> thank you so much for congratulating me. let me just say that before we talk of economic impact we have to look at the health impact, because the biggest thing for economic recovery for developing countries is getting the vaccine that they need in order to deal with the pandemic. the biggest economic stimulus for developing countries would be access to these vaccines. developing countries have been hit in so many ways. commodity exporters have faced plummeting prices, travel and tourism for those countries that depend on it have collapsed, and even those well integrated into global value chains have suffered from some of the pleasures of factories and borders and so on. there has been a lot of impact on developing countries, and as you can see, poverty has been declining. for about thre
first do you, and congratulations on your new position as head of the wto.ted to head the wto in february of this year almost one year after the pandemic began. what do you see is the greatest economic impacts that developing countries are baring during this global crisis? >> thank you so much for congratulating me. let me just say that before we talk of economic impact we have to look at the health impact, because the biggest thing for economic recovery for developing countries is...
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Apr 22, 2021
04/21
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CSPAN2
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, you know kind kind of very long time public servants from across the globe who are calling on the wto to effectively waive intellectual property rights or it is especially important for the mrna vaccines which a relatively easier to produce and get of course as raj said, sharing the intellectual property in and of itself while necessary is insufficient to actually ensure that vaccines are produced around the globe and then those vaccines as that was a locally or in the u.s. turns into shots in arms. we know while that is a crucial step we also i think from the u.s. perspective should very much listen to the doctors and other seven calling on pepfar, kind presidential emergency program for vaccine administration in which we would invest in building real vaccine manufacturing capacity around the world, flexible capacity. we know this will be important not only kind of in this moment for covid-19 but also continuing to inoculate people against covid-19 to theop future. we heard from the pfizer ceo yesterday that likely we will need a booster shot within 12 months of having our first inoc
, you know kind kind of very long time public servants from across the globe who are calling on the wto to effectively waive intellectual property rights or it is especially important for the mrna vaccines which a relatively easier to produce and get of course as raj said, sharing the intellectual property in and of itself while necessary is insufficient to actually ensure that vaccines are produced around the globe and then those vaccines as that was a locally or in the u.s. turns into shots...
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Apr 29, 2021
04/21
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LINKTV
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every other member of the wto is supporting this.eally need them to live up to what they believed and even a few months ago. it is not just a moral imperative -- of course, it is, but it is sensible. if you do not contain this virus, you're going to get these new mutant variants and you'll have to have the whole process over again in your own country. it is in the interest of rich country populations to release these patents right now. nermeen: i want to bring in congressmember ro khanna into the conversation. he has been leading calls for the u.s. to do more to help countries like india, including to push forward this waiver to the trips agreement. good morning, congressman khanna . could you talk about what is happening and what you believe the u.s. needs to do now? >> thank you. the professor is absolutely right. we have to license this technology so that other countries can produce their vaccine. the argument manufacturing capacity isn't there is simply not accurate. i was speaking to the ambassador of india yesterday. he said th
every other member of the wto is supporting this.eally need them to live up to what they believed and even a few months ago. it is not just a moral imperative -- of course, it is, but it is sensible. if you do not contain this virus, you're going to get these new mutant variants and you'll have to have the whole process over again in your own country. it is in the interest of rich country populations to release these patents right now. nermeen: i want to bring in congressmember ro khanna into...
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Apr 1, 2021
04/21
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CSPAN
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for example, there is a global trade and health initiative put forward in the wto at this point by the ottowa group thinking about how do we make a trade agreement that will increase security in this area? i don't think anyone in that group is saying they will have a guarantee of no export restrictions ever being supplied. the benefit and improvement will be inability to -- will be in ability to set forth principles you will only resort to export restrictions in the most dire situations, and in a manner that is targeted, transparent, and time-limited. it sets up a lot of good governance discipline on how if a country were to have to resort to export restrictions how it would happen and different elements to be considered. in the paper we did a case study with canada. early on there were export restrictions put on by the united states. we were able to work off by coordinating on where supply was in the hemisphere and thinking where we could back each other up. a lot of this is just communication and thinking through what responses are in trying to limit the panic, buying the panic expor
for example, there is a global trade and health initiative put forward in the wto at this point by the ottowa group thinking about how do we make a trade agreement that will increase security in this area? i don't think anyone in that group is saying they will have a guarantee of no export restrictions ever being supplied. the benefit and improvement will be inability to -- will be in ability to set forth principles you will only resort to export restrictions in the most dire situations, and in...
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Apr 13, 2021
04/21
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BLOOMBERG
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i mentioned the wto figure. they are forecasting a trade growth of 8%.t will help the trading nations. there will also being a dividend coming through from the big stimulus checks in the u.s. that will flow through two manufacturing economies in asia. this plenty of growth left in the tank. as i mentioned, it is one to watch to see how the manager factory -- manufacturing store in china plateaus and whether or not we see this idea of the world is buying less of the work from home technology and if that starts to become a recurring theme weighing on demand on made in china goods. right now, it is a strong story. china's manufacturing stories on track, the recovery is on track. we have to look through the base effect and see what kind of signals we are getting. whether we will go to a plateauing recovery or something cooler than that. annmarie: certainly. edna curran, our chief asia economics correspondent in hong kong. monica malik is still with us. monica, let's continue the conversation with china. the picture edna's painting is that overall, the story
i mentioned the wto figure. they are forecasting a trade growth of 8%.t will help the trading nations. there will also being a dividend coming through from the big stimulus checks in the u.s. that will flow through two manufacturing economies in asia. this plenty of growth left in the tank. as i mentioned, it is one to watch to see how the manager factory -- manufacturing store in china plateaus and whether or not we see this idea of the world is buying less of the work from home technology and...
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Apr 9, 2021
04/21
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CSPAN3
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so to get into the wto that made a lot of promise. but they didn't keep those prompts. and that's not that's not good. so here we are today. i think there's room today for doing the kinds of things that we did during the reagan and george hw bush administration because we're right back into the same environment. now of course with this audience and the theme of this conference and with your spectacular career as a lawyer before you became such a success in washington, dc. and when i interviewed myself peter and susan i asked him about how was it? what was it about your training as a lawyer and your years of practicing law. that translated readily into your service in washington while you're leading different parts of the government. what they say? when you ask them that i asked them that and they said you're being a lawyer was absolutely key to the way you went about your business. i'm sorry, i misunderstood you. yeah, well, it's absolutely was and by the way, i wrote a book about my four years as secretary of state called the politics of diplomsy and in there i spent s
so to get into the wto that made a lot of promise. but they didn't keep those prompts. and that's not that's not good. so here we are today. i think there's room today for doing the kinds of things that we did during the reagan and george hw bush administration because we're right back into the same environment. now of course with this audience and the theme of this conference and with your spectacular career as a lawyer before you became such a success in washington, dc. and when i interviewed...
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Apr 26, 2021
04/21
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BLOOMBERG
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meantime, the head of the wto has urged wealthy nations to export more vaccines. more than 400 million shots have been given in the america in the european union. they stressed the need to ensure four nations are not less -- left behind. >> vaccine and equity does not work. -- inequity does not work. countries must help as quickly as possible. it would great if we get the u.s. to be able to export some of the vaccines. >> in the u.s., president biden's top of my advisor just economic advisor has confirmed that a capital gains tax hike will only affect those earning more than $1 million per year. on wednesday, biden is set to unveil his american families plan. it features major new social spending measures. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. shery: we will speak to the lyft cofounder on their plans to sell their side try -- self-driving unit two toyota. why wall street is disappointed in tesla despite their estimates. th
meantime, the head of the wto has urged wealthy nations to export more vaccines. more than 400 million shots have been given in the america in the european union. they stressed the need to ensure four nations are not less -- left behind. >> vaccine and equity does not work. -- inequity does not work. countries must help as quickly as possible. it would great if we get the u.s. to be able to export some of the vaccines. >> in the u.s., president biden's top of my advisor just...
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Apr 22, 2021
04/21
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CSPAN2
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clearly support the waivers of the vaccine patton in times of international health emergency at the wto. the united states has spearheaded tremendous global health progress, first against polio and childhood diseases and then against hiv and aids. we need to show similar, bold and decisive action to fight this pandemic. this will require treating global health and a public good that the entire world benefits from rather than a privilege, but for those who get paid for it. i look forward to how we work together on this important goal. once again, thank you so much for inviting me to join you today, and yes, please keep up the fight. thank you again. >> we are grateful to have had the congresswoman speak to us, and we value her leadership and we will continue to see her leadership and those of others in the congress. we are going to turn now to our audience, which has many questions, and i'm going to ask my colleague, allie smith, to kick us off with a first round. >> sure. we have many questions. first is asking how do we best monitor where it exactly the vaccines go and how do we make s
clearly support the waivers of the vaccine patton in times of international health emergency at the wto. the united states has spearheaded tremendous global health progress, first against polio and childhood diseases and then against hiv and aids. we need to show similar, bold and decisive action to fight this pandemic. this will require treating global health and a public good that the entire world benefits from rather than a privilege, but for those who get paid for it. i look forward to how...
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Apr 5, 2021
04/21
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LINKTV
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calling for this, as well as countries like india and south africa, calling for pharmaceutical -- the wtod the u.s. to support the waving of patents by pharmaceical companies? >> this proposal is quite interesting. bishops the power to the corporations to government. what it really says is -- hiv-aids, lid overcome country by country, drug by drug. sending a lot of time producing not just vaccines but medicines another edible products. in a nutshl, what is proposing is that we don't have to do this the hard way. we don't have to overcome vaccine by country. it is autotic waving of intellectual monopolies. that could result -- [indiscernible] amy: achal prabhala, can you elaborate on this? there is been a big push. we just spoke with the former foreign secretary of brazil -- of course, covid is exploding there -- and he also expressed great disappointment in the biden administration for not suorting the call of thewto to wave the intellectual rights of these corporations during the pandemic. >> there is no choice. they must they wish to hava solution that works not only for the rest of the
calling for this, as well as countries like india and south africa, calling for pharmaceutical -- the wtod the u.s. to support the waving of patents by pharmaceical companies? >> this proposal is quite interesting. bishops the power to the corporations to government. what it really says is -- hiv-aids, lid overcome country by country, drug by drug. sending a lot of time producing not just vaccines but medicines another edible products. in a nutshl, what is proposing is that we don't have...
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Apr 22, 2021
04/21
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BLOOMBERG
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all that stuff, china entering the wto and we were in the globalization mood.as that all over stated on its impact of everything? paul: not really. there is a difference between tariff policy and technological developments that enable greater globalization's. -- globalization. as of 1980, world trade was basically the same as it was in 1913. everything that happened up to that point was a recovery to where things had been before the world wars. this surge that took place after that, hyper globalization, that required quite a lot. it significantly added to global growth. a lot of that was not mostly about reducing tariffs. tariffs were already low by the 1980's. it was about learning what to do with containment. learning to manage these supply chains. it mattered for developing countries and even countries like the united states. that is not going away. we talk about globalization stalling out. the imf turn for it. we are not talking about going back to the world as it was in 1975. having trade go a little bit more slowly than gdp. that is not a huge deal. it is
all that stuff, china entering the wto and we were in the globalization mood.as that all over stated on its impact of everything? paul: not really. there is a difference between tariff policy and technological developments that enable greater globalization's. -- globalization. as of 1980, world trade was basically the same as it was in 1913. everything that happened up to that point was a recovery to where things had been before the world wars. this surge that took place after that, hyper...
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Apr 8, 2021
04/21
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BBCNEWS
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like the un, nato, the wto, the who, the imf, the list goes on...an—claudejuncker in 2013 flanking the group photo at the g7 meeting in italy. everyone else has the president of the european council is in three more senior, the president of the commission often behaves closest to a traditional leader. all of which means the confusion becomes at least more likely and when he photo op isn't shaping up as planned, there are of course different ways for politicians to handle that. at a nato summit in 2017, we saw one way to do it then president donald trump took medicines was on hands and simply pushed montenegro prospect prime minister out of the way so he could reach the front. it was a moment that warranted slow motion. —— martin grose prime minister. ursula von der leyen is unlikely to push anyone around. but follow—ups do matter, they are notjust about managing the egos of leaders, they pray perceptions and offer clues about power and respect and relationships. and for whatever reason on a in part designed to show the eu's commitment to women's rig
like the un, nato, the wto, the who, the imf, the list goes on...an—claudejuncker in 2013 flanking the group photo at the g7 meeting in italy. everyone else has the president of the european council is in three more senior, the president of the commission often behaves closest to a traditional leader. all of which means the confusion becomes at least more likely and when he photo op isn't shaping up as planned, there are of course different ways for politicians to handle that. at a nato...
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people everywhere living wto what's possibleup with rybelsus®. ♪ you are my sunshine ♪ ♪ my only sunshine differently than any other diabetes pill to lower blood sugar in all 3 of these ways... increases insulin... decreases sugar... and slows food. the majority of people taking rybelsus® lowered their blood sugar and reached an a1c of less than 7. people taking rybelsus® lost up to 8 pounds. rybelsus® isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take rybelsus® if you or your family ever had medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2, or if allergic to it. stop rybelsus® and get medical help right away if you get a lump or swelling in your neck, severe stomach pain, or an allergic reaction. serious side effects may include pancreatitis. taking rybelsus® with a sulfonylurea or insulin increases low blood sugar risk. side effects like nausea, vomiting, and diarrhea may lead to dehydration which may worsen kidney problems. wake up to what's possible with rybelsus®. ♪ please don't take my sunshine away ♪ you may pay as little as $10
people everywhere living wto what's possibleup with rybelsus®. ♪ you are my sunshine ♪ ♪ my only sunshine differently than any other diabetes pill to lower blood sugar in all 3 of these ways... increases insulin... decreases sugar... and slows food. the majority of people taking rybelsus® lowered their blood sugar and reached an a1c of less than 7. people taking rybelsus® lost up to 8 pounds. rybelsus® isn't for people with type 1 diabetes or diabetic ketoacidosis. don't take...
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Apr 9, 2021
04/21
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KQED
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unlike every country in the world, unlike organizations like the u.n., nato, the day it -- the wto, thean union does not have one later. it effectively has two. for example, here are donald hurst and jean-claude juncker in 2018, flanking the group photo at g7 meeting in italy. everyone else has one representative. to make it more complicated while the president of the european council is more senior, the president of the commission often behaves closest to a traditional leader. all of which means that confusion becomes more likely. when a photo op is not shaping up as planned, there are different ways for politicians to handle that. at a nato summit, we saw one way to do it. then president donald trump took matters into his own hands and simply pushed montenegro's prime minister out-of-the-way so he could reach the front. it was a moment that warranted slow motion. ursula von der leyen is unlikely to start pushing anyone around. photo ops do matter. they are not just about managing the egos of leaders. they create perceptions. they sometimes offer clues about power, respect and relation
unlike every country in the world, unlike organizations like the u.n., nato, the day it -- the wto, thean union does not have one later. it effectively has two. for example, here are donald hurst and jean-claude juncker in 2018, flanking the group photo at g7 meeting in italy. everyone else has one representative. to make it more complicated while the president of the european council is more senior, the president of the commission often behaves closest to a traditional leader. all of which...
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Apr 6, 2021
04/21
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CSPAN
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you violate the wto agreements. i just don't see this as a starter. it is the sort of thing i would get in a case study for a first-year mba student and would say, go through this drill and rewrite the paper. i don't mean to be bipartisan. some of the proposals that were authored by the trump administration. part of the high-tech companies, they were equally ludicrous. i am starting to wonder what they do over at the treasury department. host: as far as the political side, what do you think that move does as far as democrats who don't want to be at that high? guest: night you're getting close to not wanting to do that. i'm not a broadsheet like the new york times or newsmax. let's pretend i am. then you can say, they say this will make us competitive by going to 20%. i thought i'm going to get these international negotiations going so anybody raises their taxes. well, senator joe can go along with the tax. everything passes by 50 bucks these days. -- by 50 votes these days. they will get their tax, they will get their worldwide minimum that relieves u
you violate the wto agreements. i just don't see this as a starter. it is the sort of thing i would get in a case study for a first-year mba student and would say, go through this drill and rewrite the paper. i don't mean to be bipartisan. some of the proposals that were authored by the trump administration. part of the high-tech companies, they were equally ludicrous. i am starting to wonder what they do over at the treasury department. host: as far as the political side, what do you think...
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Apr 22, 2021
04/21
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BBCNEWS
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. 0n the other hand, whereas donald trump was against nato, against the european union, against the wtoation which is much more multilateralist and ready to work with those institutions than his predecessor was. . . but hang on, that's important, that's a really interesting point you're making, sir peter. but isn't it the truth that many in europe, despite hearing joe biden�*s rhetorical commitment to nato, for example, they're not sure they can buy into it? i mean, emmanuel macron not so long ago said he believed that nato was effectively brain dead, he said it was no longer pertinent. and we've heard many other european officials in the last few months saying, "just because biden�*s now in power doesn't mean that we in europe can assume that we can rely on america as a trusted and constant partner in the future, in the way that we did in the past. we have to learn the lessons of trump." given all that, isn't vladimir putin right now looking at nato, looking at the lack of cohesiveness — and, frankly, credibility — in nato, and thinking to himself, "i can pretty much do what i want"? h
. 0n the other hand, whereas donald trump was against nato, against the european union, against the wtoation which is much more multilateralist and ready to work with those institutions than his predecessor was. . . but hang on, that's important, that's a really interesting point you're making, sir peter. but isn't it the truth that many in europe, despite hearing joe biden�*s rhetorical commitment to nato, for example, they're not sure they can buy into it? i mean, emmanuel macron not so...
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Apr 25, 2021
04/21
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BBCNEWS
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and there is a need to make an exemption at the wto, allowing the production of generic vaccines.property rights. and this is an issue which is pending, which has been put forward by india, south africa and several other countries. so, these are the asks from the united states. it is a critical situation which needs swift action to make sure that the country does have the supplies of oxygen and other medication that is needed. how long might it take to resolve those bureaucratic issues that you are talking about? weill. resolve those bureaucratic issues that you are talking about? well, as far as the oxygen — that you are talking about? well, as far as the oxygen generators - that you are talking about? well, as far as the oxygen generators and . far as the oxygen generators and others are concerned, the movement is already taking place. some oxygen containers from singapore came in yesterday, some things are expected from germany, i believe, things are afoot in france possibly. the uk and the uae. you see, there are logistical difficulties. you cannot carry oxygen just like that.
and there is a need to make an exemption at the wto, allowing the production of generic vaccines.property rights. and this is an issue which is pending, which has been put forward by india, south africa and several other countries. so, these are the asks from the united states. it is a critical situation which needs swift action to make sure that the country does have the supplies of oxygen and other medication that is needed. how long might it take to resolve those bureaucratic issues that you...
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Apr 26, 2021
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and the director general of the wto, that panel set to take place shortly.eping across it, of course, to see if any news lines come out of it. it's going to be moderated by our colleague, maria tadeo, and it will be on life go. -- life go -- live go. we'll report live on the ongoing political fallout. that conversation next. this is bloomberg. ♪ anna: welcome back to the european market open. nine minutes into the trading session, things are pretty mixed and flat for the equity markets. there are big moves under the hood. let's get this morning's movers with dani burger. dani: always big moves during earnings season, but i have none earnings ones, amex the biggest loser. there were reports apple would use rivals for its sensors to not use ams sensors anymore. credit suisse downgraded a double downgrade for ams. at the same time, ams extending the contract for another three years. all those together seem enough to send shares down more than 4%. lufthansa, to the other side of things, is gaining iag. those are doing well on the underlying data the new york tim
and the director general of the wto, that panel set to take place shortly.eping across it, of course, to see if any news lines come out of it. it's going to be moderated by our colleague, maria tadeo, and it will be on life go. -- life go -- live go. we'll report live on the ongoing political fallout. that conversation next. this is bloomberg. ♪ anna: welcome back to the european market open. nine minutes into the trading session, things are pretty mixed and flat for the equity markets. there...
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Apr 22, 2021
04/21
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ahead of more talks at the wto today, south africa's trade and industry minister ebrahim patel has beenproperty around covid is needed now. we need a covid new deal. to significantly increase the supply of vaccines and related medical goods, and to promote access to such essential goods. that is really why south africa, india and more than 100 other countries have said we need a waiver. those agreements have flexibilities and the overall regime does permit that —— permit them to be utilised as —— utilised. if there was ever a case to be made, it is today. 0h ever a case to be made, it is today. oh what is involved in making vaccines... == today. oh what is involved in making vaccines. . ._ today. oh what is involved in making vaccines... -- what is involved _ making vaccines... -- what is involved in — making vaccines... -- what is involved in making _ making vaccines... -- what is involved in making vaccines i making vaccines... -- what isj involved in making vaccines is training, technology transfer, is a waiver going to make much difference?— difference? wants the waiver is involved,
ahead of more talks at the wto today, south africa's trade and industry minister ebrahim patel has beenproperty around covid is needed now. we need a covid new deal. to significantly increase the supply of vaccines and related medical goods, and to promote access to such essential goods. that is really why south africa, india and more than 100 other countries have said we need a waiver. those agreements have flexibilities and the overall regime does permit that —— permit them to be utilised...
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Apr 26, 2021
04/21
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the head of the wto urged rich nations to support more covid-19 vaccines, singling out the u.k.he u.s. as she reiterated the need to ensure countries are not left behind if the world wants to get through the pandemic. >> vaccine nationalism doesn't work. those countries that are not sharing or exporting, to do so as quickly as possible, i urge them. it would be great if we could get the u.k. and u.s. to export some of the vaccines. >> while more than one billion covid 19 vaccine doses have been administered globally, more than 400 million of those have been shots given to people in the u.s., u.k. and e.u.. -- e.u. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am mark crumpton. this is bloomberg. amanda: i am amanda lang. welcome to bloomberg markets. welcome. here are the top stories we are following for you from around the world. count down to the fed decision. what to expect from the f lmc -- fomc and why lending has gone lower despite the policies the fed has put in place. shares of te
the head of the wto urged rich nations to support more covid-19 vaccines, singling out the u.k.he u.s. as she reiterated the need to ensure countries are not left behind if the world wants to get through the pandemic. >> vaccine nationalism doesn't work. those countries that are not sharing or exporting, to do so as quickly as possible, i urge them. it would be great if we could get the u.k. and u.s. to export some of the vaccines. >> while more than one billion covid 19 vaccine...
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Apr 1, 2021
04/21
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. >> the wto has raised its production for growth in trades this year to 8%, the biggest increase since 2010. it is also warning that covid-19 remains a big risk and new waves of infection could undermine a recovery. the new boss is also heading out at vaccine nationalism. >> no longer can we expect more countries to stand in a queue waiting to get vaccines. the fact that the who dg said, 70% of vaccine doses today have been administered by 10 countries. the inequity of access is glaring. laura: bloomberg has learned a manufacturing error affected 15 million doses worth of johnson & johnson vaccines. the drugmaker is playing down the situation, saying it has met its most recent delivery targets. working from home is likely here to stay. that is the finding of a survey of 2000 companies in the u.k. mostar preparing to provide greater flexibility -- most are preparing to provide greater flux ability -- greater flexibility. for more on the future of work, don't miss our show at 8:30 a.m. today. global news 24 hours a day on air and on quicktake by bloomberg, powered by more than 2700 journ
. >> the wto has raised its production for growth in trades this year to 8%, the biggest increase since 2010. it is also warning that covid-19 remains a big risk and new waves of infection could undermine a recovery. the new boss is also heading out at vaccine nationalism. >> no longer can we expect more countries to stand in a queue waiting to get vaccines. the fact that the who dg said, 70% of vaccine doses today have been administered by 10 countries. the inequity of access is...
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Apr 2, 2021
04/21
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we thought just maybe if they were part of the wto they would become a democracy. that didn't exactly happen. we have some targeted areas like intellectual property, cyber, were obviously they are very aggressive. we need to push back hard like keeping the south china sea open navigation is another important area. and getting back to where we started, the best way to keep this piece on - - to keep the pieces be strong in the unenviable adversary for another country. so to recognize we have a problem is the first step to the solution there is broad recognition china is the number one challenge for us. i don't think the military with conflict with china is inevitable. but if they miscalculate or misinterpret our commitment with economic strength, then there could be a miscalculation in the state and we should avoid that. >> thank you senator. recent meetings between united states and leaders of the chinese communist party in alaska is dramatic it's unclear what, if anything practically came from it and what is your take away? how do you assess the early days of the n
we thought just maybe if they were part of the wto they would become a democracy. that didn't exactly happen. we have some targeted areas like intellectual property, cyber, were obviously they are very aggressive. we need to push back hard like keeping the south china sea open navigation is another important area. and getting back to where we started, the best way to keep this piece on - - to keep the pieces be strong in the unenviable adversary for another country. so to recognize we have a...
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Apr 26, 2021
04/21
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the head of the wto has urged wealthy nations to explore more covid-19 vaccines, singling out the u.k. in the u.s.. although more than a billion shots have been administered globally, more than 400 billion's of those have been given to those in america, britain and the european union. they stressed the need to ensure poor nations are not left behind. >> vaccine and equity does not work. i would urge companies -- countries to share, as quickly as possible. it would be great if we could get the u.s. also to be able at the vaccine need. >> vonnie: egypt is eager to reach a settlement tied to the suez canal last month. it is paying $960 million of damages from the ever given's owners. to cover losses, including costs associated. the authority claims you will look out on $50 million every day. former u.s. vice president al gore says the world is entering an era that may be unlike any other when it comes to investing in the future. he told the bloomberg green summit the global fight against climate change is accelerating and reaching a tipping point right now. >> we are now in the early sta
the head of the wto has urged wealthy nations to explore more covid-19 vaccines, singling out the u.k. in the u.s.. although more than a billion shots have been administered globally, more than 400 billion's of those have been given to those in america, britain and the european union. they stressed the need to ensure poor nations are not left behind. >> vaccine and equity does not work. i would urge companies -- countries to share, as quickly as possible. it would be great if we could get...
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Apr 30, 2021
04/21
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the wto is about to decide.
the wto is about to decide.
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Apr 1, 2021
04/21
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the wto has raised its projections for the year forecasting and 8% rise in global trade.ll be the biggest improvement since 2010. the director general says the projection would be tied to virus disruption, warning that new waves of infections could undermine any recovery. she also criticized vaccine nationalism, saying slower rollouts could result in not meeting forecast. >> no longer can we afford for poorer countries to stand in the queue working for vaccine. 70% of vaccine doses today have been administered by 10 countries. the inequity of access is glaring. vonnie: myanmar's ousted parliament is planning to set up a national unity government in defiance of the military junta. the new government will be a coalition of all federal democratic forces under a collected leadership with ethnic minority groups playing a key role. the military junta has declared the committee to be unlawful. global news 24 hours a day on air and on bloomberg wicktake powered by more than 2700 journalists and analysts in more than 120 countries. rishaad: just want to get back to the story about
the wto has raised its projections for the year forecasting and 8% rise in global trade.ll be the biggest improvement since 2010. the director general says the projection would be tied to virus disruption, warning that new waves of infections could undermine any recovery. she also criticized vaccine nationalism, saying slower rollouts could result in not meeting forecast. >> no longer can we afford for poorer countries to stand in the queue working for vaccine. 70% of vaccine doses today...
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Apr 21, 2021
04/21
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the new wto convened a meeting in geneva of different groups trying to tackle this. is the former head of -- which is the un's now back partnership to try to improve medical access. with there is a real problem. generics, manufacturers, weighing these intellectual property protection so that covid drugs can be rolled back faster. rich countries are saying that is not going to solve the problems and it may make it worse. i think a wave is a good idea, but whatever the solution is, the situation right now is that we are failing to vaccinate everyone. until we managed to do that we can't disregard it until this pandemic is over. bloomberg opinion columnist -- haslinda: bloomberg opinion columnist david. the carbon managing director joins us for an exclusive interview next. this is bloomberg. ♪ haslinda: now to an indian company said to challenge china's dominance and electric car battery sector. it is betting big on converting coal from steel for a car batteries. it is 10% of global demand within 10 years. the man behind the plan is the managing director in he joins us
the new wto convened a meeting in geneva of different groups trying to tackle this. is the former head of -- which is the un's now back partnership to try to improve medical access. with there is a real problem. generics, manufacturers, weighing these intellectual property protection so that covid drugs can be rolled back faster. rich countries are saying that is not going to solve the problems and it may make it worse. i think a wave is a good idea, but whatever the solution is, the situation...
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Apr 1, 2021
04/21
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welcome to michael roberts, the wto, lindsay meyer, victoria piazza, and natalie campus. for today's event if you are watching on zoom you can ask questions using the q and a tab. if you are watching on zoom, you should have received an event program by email with our speakers' biographies so we can skip the lengthy introductions. i would like to introduce our moderator, manager of global health at the chamber of commerce, and catherine from ups, welcome to both of you. welcome back to two guests we have had. meredith broadbent, the center for strategic and international studies and a former winner of wita's lighthouse award. jonathan campbell. vice president for trade and international affairs at the association for accessible medicine. welcome. madison? >> getting myself un-muted. thank you for helping to make today such a success. to give you more about me, i work at the u.s. chamber of commerce's global initiative on health and the economy elevating the importance of investing in health as a strategy for economic growth and sustainable development. we strongly believe
welcome to michael roberts, the wto, lindsay meyer, victoria piazza, and natalie campus. for today's event if you are watching on zoom you can ask questions using the q and a tab. if you are watching on zoom, you should have received an event program by email with our speakers' biographies so we can skip the lengthy introductions. i would like to introduce our moderator, manager of global health at the chamber of commerce, and catherine from ups, welcome to both of you. welcome back to two...
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Apr 2, 2021
04/21
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. >> can you -- india and south africa have made a formal request of the wto about an property protectionsor covid vaccine and treatment. is the u.s. ready to consider this? >> i know within us about this before but i don't have an update on the. >> a follow-up on the -- is there reason why it was delayed? >> i expected to be very soon and i don't have the exact date for you but i expected to be quite soon. i would read into it or the map trades back on infrastructure package we saw the campaign released the much larger package that would address climate change needs in a similar way to how this package does. [inaudible] >> first let me say this package recognizes the urgency and existential threat of the climate crisis and the recognizes the opportunity to rebuild our nation's infrastructure and our nation's clean energy and right the wrongs of past of our mental injustices. there's a significant amount of this package on climate and green jobs. will position you estimate president biden's goal of being carbon-neutral by 2035 and a clean energy economy by 2050 so have a lot of woodwork an
. >> can you -- india and south africa have made a formal request of the wto about an property protectionsor covid vaccine and treatment. is the u.s. ready to consider this? >> i know within us about this before but i don't have an update on the. >> a follow-up on the -- is there reason why it was delayed? >> i expected to be very soon and i don't have the exact date for you but i expected to be quite soon. i would read into it or the map trades back on infrastructure...
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Apr 23, 2021
04/21
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it actually does have to go through some questioning from wto.s, it is something that the countries that have a carbon price or that have good regulation have been thinking for a while, but actually, i wonder if that is really the route to be pursued. personally, i would prefer, instead of punishing those that are not doing it, to actually encourage and incentivize those who are not doing it to get onto the bandwagon because it is in their interest. alix: you raise the point of the carrot versus the stick, so let's go to the carrot which is climate financing. what is the best way you have found -- how does this evolve? i guess is the best question. christiana: the financing sector is the sector i have really been in total awe over the past two to three years, how capital markets have shifted and how international finance has shifted dramatically. you heard john kerry and president biden yesterday, but john kerry before, already coming out with how the united states is going to be directing their foreign direct investment. yesterday you heard kore
it actually does have to go through some questioning from wto.s, it is something that the countries that have a carbon price or that have good regulation have been thinking for a while, but actually, i wonder if that is really the route to be pursued. personally, i would prefer, instead of punishing those that are not doing it, to actually encourage and incentivize those who are not doing it to get onto the bandwagon because it is in their interest. alix: you raise the point of the carrot...
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Apr 22, 2021
04/21
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and other wealthy members of the wto continue to fight efforts led by india to force big pharma to waitt rights to help address the crisis. to talk more about the state of the pandemic in the united states and abroad, we are joined by dr. peter hotez, co-director center for vaccine development at texas children's hospital and dean of the national school of tropical medicine at baylor college of medicine. he also has a new book out called "preventing the next pandemic: vaccine diplomacy in a time of anti-science." and he is part of a team at baylor which is working with a private indian company to develop a low-cost covid vaccine. dr. hotez, welcome back to democracy now! >> peggy for having me. amy: we just finished talking with rana ayyub in india describing the covid storm that they are experiencing there. you are coming up with a plan for a low-cost vaccine, working with an indian company. can explain what this means and what are the obstacles to it? >> it is not only just for india, but what we nd is a simple and easy to use low-cost was a people call it people's vaccine, for t worl
and other wealthy members of the wto continue to fight efforts led by india to force big pharma to waitt rights to help address the crisis. to talk more about the state of the pandemic in the united states and abroad, we are joined by dr. peter hotez, co-director center for vaccine development at texas children's hospital and dean of the national school of tropical medicine at baylor college of medicine. he also has a new book out called "preventing the next pandemic: vaccine diplomacy in...
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Apr 7, 2021
04/21
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the wto would have to intervene to say, look, this is a special case. intellectual property. the u.s. and other european countries have been essentially blocking that. why shouldn't we be letting countries around the world benefit from this incredible innovation? >> well, chris, i do think that we have to be thoughtful about how we ensure countries around the world have adequate supply and access to the vaccine. we have to do it in a way that respects laws as well, and that's part of the discussion, the debate that's under way. one of the lessons we learned from covid -- and frankly it's a lesson we learned from ebola as well -- is that we cannot be safe here at home unless we are secure as a global community, and that means investing in the health and well being and infrastructure in other countries. that means not just access to vaccines but it means good surveillance systems in other countries, good health-care systems and infrastructure so that we can tackle illness once it surfaces. these are all critical parts of the global plan to address future
the wto would have to intervene to say, look, this is a special case. intellectual property. the u.s. and other european countries have been essentially blocking that. why shouldn't we be letting countries around the world benefit from this incredible innovation? >> well, chris, i do think that we have to be thoughtful about how we ensure countries around the world have adequate supply and access to the vaccine. we have to do it in a way that respects laws as well, and that's part of the...
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Apr 15, 2021
04/21
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e fatef the inrnationa efrts coulbe decided omay 5 the nexmajor meing beeen wto mbers. ba in the ited stas come the use overght coittee haadvanced a bill at would make whington,.c., the1st state. thwashington, d.c.admissio act ssed outf commite on a party-line vote, over unanimous republican opposition. the full house is set to vote on the bill next week. the district of columbia has one of the highest per-capita populations of african americans of any major u.s. city and is home to more than 700,000 people -- more than the states of wyoming and vermont. yet residents have no representation in the senate and send only a single, non-voting delegate to the house of representatives. washington governor jay inslee has signed legislation to phase out for-profit prisons and immigration jails. under house bill 1090, companies that contract with local, state and federal agencies like immigration and customs enforcement will be barred from renewing their existing contracts. that means one of the largest privately run immigration jails, the geo group's northwest detention center
e fatef the inrnationa efrts coulbe decided omay 5 the nexmajor meing beeen wto mbers. ba in the ited stas come the use overght coittee haadvanced a bill at would make whington,.c., the1st state. thwashington, d.c.admissio act ssed outf commite on a party-line vote, over unanimous republican opposition. the full house is set to vote on the bill next week. the district of columbia has one of the highest per-capita populations of african americans of any major u.s. city and is home to more than...
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Apr 2, 2021
04/21
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and other wealthy members of the wto blocking a push by developing countries to waive patent rights inines out to the world. >> well, i was very much involved in a some 15 years ago. at was a republican government. and we were able to discuss -- the declaration on freed -on health, which is part of the united nations i really regret this sitionf the united states. you can't be looking for social justice in the international center. i think the pandemic is a world problem. i think we have to facilitate the actions for vaccines above all. >> i want to thank you so much for being with us. i am sorry we have run out of time. brazil's former foreign minister and defense minister. that does it for our show. democracy now! is
and other wealthy members of the wto blocking a push by developing countries to waive patent rights inines out to the world. >> well, i was very much involved in a some 15 years ago. at was a republican government. and we were able to discuss -- the declaration on freed -on health, which is part of the united nations i really regret this sitionf the united states. you can't be looking for social justice in the international center. i think the pandemic is a world problem. i think we have...