Itself is set up to benefit those who understand and people who actually believe things that are not true that is a crisis for democracy is a crisis of concentration the bottom line on aljazeera. Shall carry this is counting the cost on aljazeera your look at the world of business and economics this week billions now to save trillions in last economic output the hunt for a vaccine is on well talk to the c. E. O. Of a drug maker that is using a cancer drug in trials to treat over 1000. 00 patients and from senegal the 1. 00 test kit. Oil shock proved to sink into negative territory now cheap oil may be good for some users but it also means job losses as rigs shut down production. As government spent trillions on keeping a condemnation from collapsing it is time to consider the other crisis Climate Change and starting to issue green bonds. Which should take 10 to 15 years the Global Scientific Community hopes to cramp and 2 months World Health Organization says there are 70 vaccines in the works for covert 193 of the most promising rall ready in testing the billions being spent now could help return the economy back to normality for now though these on and off lock downs and flare ups could be the norm and there is no guarantee that any will work the Bell Melinda Gates Foundation will fund the manufacture of 7 potential vaccines despite the fact billions of dollars could be wasted maybe one or 2 will actually be successful but bill gates argues losing a 1000000000 is better than the Global Economy losing trillions of dollars. The United States has set aside 27000000000. 00 including for the development of vaccines and bet almost 500000000. 00 on drug maker merck to deliver its kovan 1000. 00 back saying which is already in trials tech start up the devil it has unleashed its Artificial Intelligence power to fund existing drugs that may be used in the fight against this pandemic is identified a Rheumatoid Arthritis drug from eli lilly that may do the job its just one of many drugs though that are in trials right now and its not just the western world that has the scientific know how to beat the virus and senegal a laboratory is used its aids in a bowl experience to develop a 1. 00 kovan 1000. 00 testing kit aljazeera has more. Senegal is doing what most countries count testing everyone symptoms are not entering a Health Center for the Novel Coronavirus it has no shortage of testing kit thanks to this lab at the best researchers are developing a one dollar quick diagnose ticket originally made to test for dengue fever patients drop blood or saliva onto the devices and wait for a blood line to appear like a pregnancy test explains researcher i do sell. There is no need for a highly equipped its a simple test that can be done anywhere the idea is to rip at least produce 2. 00 to 4000000. 00 kits not just for us but for african countries so that we can detect and isolate patients quickly the sick are administered a cheap anti malarial drug called chloroquine commonly found in Subsaharan Africa where malaria is endemic while the World Health Organization cautions the use of it to cardboard scientists did you know how woods says its an Affordable Treatment for poor african countries dealing with the outbreak. In these clearing. The virus from respiratory system proven in making said people on the mall contenders. No more sick. With only 50 ventilator machines for 16000000. 00 people senegalese engineer using a 3 d. Printing machine to produce more while imported ventilators cost 16000. 00 and this one is just 60. 00. Sinegal is counting the cost and its paying off more than a month into the outbreak the small west african nation suffered only 2. 00 death with most patients treated healed senegal has the largest rate of recovery in patients infected with the current virus in africa the 3rd in the world ahead of countries like the United States and france and while it has a tiny Health Budget compared to those countries it has a wealth of experience in dealing with Infectious Diseases and outbreaks over 3000. 00 children died of pneumonia last year in senegal thousands more from malaria coronavirus is one of many deadly infections the country is dealing with Lessons Learned from the aids epidemic the recent a bull outbreak were key in senegal strategy in dealing with the pandemic. Im. Already. Important because coming in the country and the condition of movement in confinement of people from pm to 6 am i things so since. These measures were taken when there were less than 100. 00 cases scientific modeling predicted tens of thousands of infections and hundreds of deaths but this has not happened Early Detection and african led Research Means senegal is so far beating the odds the hawk aljazeera the car. But there are no drugs to treat covert 19 enterprising pharmaceutical companies that are using existing drugs to help those seriously affected by the pathogen out there as well operate also caught up with the chief executive of u. S. Drug maker sided die a strike has been used on ventilated patients with a high degree of success rob again by asking doctrinaire person about the results of the trials and how far off it was from getting Regulatory Approval the role of the amount is that humanize monell coronal antibody that was used for a child being the occasion for the last 20 years or so were about ready to finalize our application for final approval from f. D. A. Have been used for over 840 patients with 0 serious adverse events when corona virus hit the world our doctors dr Bruce Patterson an expert in the mechanism of action of our product indicated that we will not be able to be a vaccine nor we can stop people from getting corner virus with this product however the main reason the patients have mortality and morbidity is because the a. R. V. Is which is caused by a corner of virus in lungs causes death in patients and he said that the cycle kind of storm is what causes a r b s which is actually respiratory distress syndrome and he believes that this is the solution so when we 1st filed for emergency i and the 2 doctor had reshoots see him from month to fear medical school and that isin college of medicine that the f. D. A. Also was questioning whether this could have any impact the 1st 2 patients one of them self intubated and came aware of. Came out of the city said vision that sedation that he was on there and was able to sell x. To big then we did not more patient in that same hospital immediately and for patients who extubated 2 of them but this job. And then other doctors in south california use that 11 patient majority got very well and the patients that got this chart they were very much happy so they went to media they Start Talking to see b. S. I believe and they said that my life was saved and more patients are sort of wanting the product and we realize that this is really working out very well for everybody so we ask if the if are a face to the media to give us a green light for that we ask for phase 3 in a severe population of corner virus they also give us the green light for that and we are now close to asking this if the 8 to approve the drug for compassionate use for everybody who is is in severe condition because our mechanism of action which will we reach and we will be publishing a paper hopefully by the end of this week or so would show that their way to stop this virus is to stop it from killing people through a. R. V. s in the lungs and we are happy to see some positive result and we are going to continuously in broad in both of the trials that we have also so if the f. D. A. Gives you final cruel would that also apply to other countries would it be good enough for European Union or other countries to go ahead and start using the medication. So if country had their own rules and regulations United Kingdom has asked us already for the product to be involved in this test that we have they have indicated that the European Food and Drug Administration is agri to allow this product to be used in any Clinical Trial as long as if he ate in United States i grease to allow the coup Clinical Trials to go forward and have a green light we have a green light not for face 2 but also for one face 3 feet of final pivotal puts right we believe and the other countries also always they follow the guidelines of if the United States and the. European food and Drug Administration so if both of these are aligned then the rest of the world would also immediately would allow us to be used for this special problem. Can you give us any update on how the search for a vaccine against the corona virus might be going in vaccine does imagine if we were going to say ok we have a product we believe it has gone through most of the tests we want to test it now for final tests where you going to kick out these 2000 people give them perhaps the vaccine now if a 1000 of them are in place cboe and a 1000 are in the drug then youre going to have to wait to see who gets exposed to coroner virus and whos who wives who does it that process is very thing and thats why the United States media has been correctly indicating that the vaccine dr fowler she has also indicated that would take some time it takes usually 5 to 10 years but in this case theyre cutting through a lot of regulation to make it habitable hopefully in one year if they have something that works how can we ensure in the future that we dont have a double tiered system where wealthy countries and their residents have access to drugs to fight covert 19 but people who live in impoverished countries with weak Public Health infrastructure go without in the United States we have bill Gates Foundation and i did actually National Institutes of Health Foundation reserve funding we have and for that has funding bar that has funny so all these funds that could be used to disperse this product without any cost to the 3rd world countries is going to be at work in media the i have been approached already by a couple of those institution and they are saying that your science look very strong your results look strong if the if it happens that you get approval which we think could happen in the next perhaps 6 to 8 weeks event if those best Case Scenario happen can we be involved to immediately have this protocol build up or for 3rd world country and we said absolutely yes they asked us for the cost of the product because its doing me more its not very large and its. We are able to cover the whole world we have on many facts in that sound sung by logic in south korea said with a click produced him into some of the products and we have manufactured a United States ready to go everything he said we need to walk and we need to have some proof of concept these are going very well with the patients who have received this part of the images the eye and the and reported it but the chinese that will blind it we dont know the results from another 2 or 3 weeks and then we will know what path we have to tick thank you thank you very much for having me on to shit. A pandemic a global glut and a lack of storage the perfect storm that set us all prices at a negative territory for the 1st time ever traders are forced to pay buyers to take the oil off their hands with oil at a store close the u. S. Oil industry is paying a heavy price with Many Companies buying for bankruptcy out of 0700 new ports from chicago. Across american oil country the pumps are shutting down since the coronavirus last much of the western world in their homes the floor has dropped out of the oil market is a gas station selling gasoline for 99 cents a gallon now you would think wow thats great and theyre pretty well run and there was a line of people there to fill the course of the question is where are you going to go the price of the benchmark american crude west texas intermediate has collapsed from 60. 00 a barrel in january to below 20 in the past week across the u. S. The price at the pump is lower than its been in years but even at rush hour if you are buying the International Energy agency says the worlds appetite for oil hasnt been this low since 1995. Especially hit hard the fracking industry that turned the u. S. Oil industry into a net exporter since 2011 Fracking Companies which break rocks to find fuel need oil above 30. 00 a barrel to make a profit its not its not just that it was a company you know its the Oil Service Companies its the little towns in the oil patch that you know the motels the diners restaurants you know those types of things the Ripple Effect is tremendous when you go move out from the old gas company and all the ancillary companies that provide them services and parts so im afraid its going to be ugly the 1st casualty came on april 1st denver based Whiting Petroleum declare bankruptcy if prices dont increase soon whiting will likely become only the 1st of hundreds of oil and related companies to do so right now if theyre like well if. Were not. Happy you know maybe whatevers. Theyve made a situation so the oil industry waits and worries until all the pumps returned to service john hendren aljazeera chicago so despite opecs record Production Cut oil prices have fallen further has the oil cartel lost its ability to manage prices as asked rajat kapoor hes an oil analyst and managing director of oil and gas at a w. R. Lloyd we appreciate your time very much right so what about that what role can or should opec have been playing in this i mean how much power do they really have right now what is their employ its when you talk about the big from the producers say. Whites they do have considerable amount of clout you go to laze not i didnt lead the market has to be balanced by trying to be consumers and a bigger source but a lot of the seeing a bit with what was reflective of the negative prices of the going here that the deputy i was mortified to fall off the constraint in the supply chain in in in the Storage Infrastructure so. Has as as youve said a plus plus to associate other countries including mexico and agreed for a price start up to 9700000. 00 barrels a day but on the demand side of things were seeing that that is it drop in demand which is much much more at times but why some analysts here say is that the demand draw for crude for the month of april is going to be 30000000. 00 about and who to date now youre just supposed to act against a drop or a cut of 10000000 pounds of that bugs thats not much you still have a huge supply cut that to be in speech does not find its way up its cannot find its way of to do consumers because you know that market is suddenly about it so what were saying with everything that has fallen off the cliff basically with debbie t. I do you think thats also going to happen with what brant which is the International Benchmark i mean youre talking about this oversupply is a problem that everybody is having so. What do you think is going to happen with bret prices. U. T. I. For in 20 years was as you said and only i was 37. 00 about it was to do because the good future was for me. Had to be closed off had to be squared off on may 20th and there was no pleasing pushing or want to take those. Additional buttons that is a peculiarity of the beauty where the grid has to be stored only in one piece. But and that we has a little bit more of it because physical storage of put in place not just in one location but one of the biggest occasions back to your point but a need for all good fun of the cliff as the beauty i has i think the answer to that is a gentle slowdown in all of the countries that work in general i am it came out with some numbers of what we did we did it expecting the board of the contract at 3 percent but i know that means last year it was a 3 percent drop this year to be looking at people saying but traction what is the relationship between opec and what do they care about whats happening with the shale industry in the u. S. I think that got a key link because in a way to fuel what of them are producing and act different stages of life are competing for because youve got a familys now as the north the whats to producing. In the u. S. Especially the shale backed is much higher than the cost of producing food in any of the a big. As you were batteries so when crude forms of the cliff today view the king at about 20. 00 per bottle. Of brand. Which you know has fallen down from you know about 6068. 00 about the start of this year whats this is going to bleed the use of countries in the opec it is also going to be lead the shared by the batch in not the better not to the u. S. But the canada as well because that cost of producing group on a book about a basis is much higher know whether theyll be able to survive the storm its very difficult because weve already seen Shell Companies and i was just hearing you a few minutes back that you spoke about is going into chapter 11 bankruptcy and you dont see more of this happening because for at least part of this year the boom and improve prices but not be that dramatic were all hoping that it does not bottom out there does not go beyond that beyond below the current levels of 2022 but its but and it will it be nice but home much of an increase will it be that means to be seen. And to the kind of end with the point the biggest suffer those would be the north american unconventional produces was plus production is much higher than the rest of the water all right oil and gas and analysts are lowered project a poor raja thank you very much thank you as the world throws out the rulebook and spends trillions of dollars to avoid a total collapse of the qana maze as a time to consider stimulus that can carry us beyond this crisis remembering that we do have a Climate Change challenge to save the human race. What the lockdown has proven the Natural World will go on without us and take back the streets of many nations have targets to reduce pollution the money tells us otherwise that 250000000000. 00 in grain bonds were issued last year it does sound like a lot but added to whats already out there thats less than 0 point one percent of the total Government Debt which stands at 9 trillion dollars worldwide when we talk about grain bonds they work in the same way as others but are specifically used for environmental and climate related projects so should government spend billions in stimulus via green bonds joining me now via skype from london is paul simpson from the nonprofit Environmental Consultancy c. D. P. Thank you so much for your time appreciate you joining us paul so right now governments around the world are are putting together stimulus packages worth billions and billions of dollars is this an opening an opportunity for green bonds to get a foot in and to grow i mean clearly the pandemic is primarily a Health Crisis that is causing Enormous Economic crisis one not seen since really the Great Depression that the festa 2nd woes of the last 100 years governments are in the very short time taking emergency measures to shore up their economies businesses and jokes but as more work is done on the recovery every note of the economy as we have had from this crisis then absolutely governments need to be thinking about how a stimulus a package is. Nice and Cool Companies how is that helping the transition to a low carbon sustainable economy were in a critical decade forward using Greenhouse Gas emissions to deliver the Paris Agreement so governments need to be planning with the Central Banks working with god since you see investors. In the no process of the economy build a more sustainable solution economy is this about. Truly though a reimagination of economies i mean really truly changing things not just bandaid measures i mean is this look like changing jobs changing industries creating jobs yes absolutely i mean this climate and ecological emergency are precut it has required a transition in the Global Economy a very substantial one many governments and economies really begun that its on the way but it needs to be delivered this decade the pandemic which it really is unprecedented scale of global impacts reveals that the Global Economy and society is not as resilient as it should be we need to invest more in health care we need to build more resilience and address gross inequality inequality creates weakness in the system so i think this can be a real catalyst for greater stakeholder kept capitalism way capitalism businesses investors governments think more about the whole warm and also that to really catalyze the Green Economy the sustainable economy governments have vesting trillions of dollars in shoring up their economy now who need more long term packages for no one they need to have climate targets in line with the Paris Agreement within the businesses that are being biota how getting logs of the stimulus should have some form of long term and i see immediate requirements and that will benefit the economy the new climate economy a group of west largest economists shows that by investing in the Climate Transition we can in the next decade under least 26. 00 trillion dollars of Growth Opportunities and bring 65000000. 00 jobs to the market the u. N. International Labor Organization shows the transition to a low Carbon Economy would have a net benefit on jobs so there is an opportunity to govern. Months to bring the recovery new packages which will be dogged us some very short time but potentially the longer Time Packages to drop this time so ok lets have an economy where is the leadership for that any cop is not happening this year which you know obviously makes sense you dont want crowd big people but but even still the u. S. Has been pulling further and further back from from this International Dialogue that everybody has about Climate Change so who or where is the leadership to make these things happen for a precut of it this year was meant to be a critical year on Climate Action as you say with call 26. 00 being now delayed until 221 to the right decision so we can have a high ambition call yeah this is it theres going to be some delays but if we absolutely have a lot of leadership the e. U. Has been very clear that there will be a Green New Deal with this that will be integrated into the stimulus packages we see 3 c. D. P. More than 1100000 companies disclosing on Climate Change in their environment so impacts some 870 Companies Committed to a size based target to reduce their emissions if you know im with the Paris Agreement 1. 5 so weve been building out leaderships its 25th day with the Paris Agreement some of that will be a little bit delayed but i think as we hopefully come into 2021 with this recovery monroe we want to have an opportunity to bring together the house resilience addressing inequality driving the the great time dishan towards netzer missions paul simpson joining us from london with the Environmental Consultancy nonprofit that is c. D. P. Paul thank you very much thank yous pleasure that is our show for this week get in touch with us by tweeting me at at Michelle Carey very easy to find when you do use the hash tag a. J. C. T. C. Also drop us an email counting the cost of aljazeera dot net very easy address to find also go online to aljazeera dot com slash c. T. C. Will take you straight to our page theres individual reports lang. An entire episode for you to catch up on. Thats it for this edition of counting the cost irah shell kerry from the entire team thank you for joining us the news on al jazeera is next. Desperate for a better life millions of people have sought refuge in europe but. Sometimes their dreams of sanctuary are realized but sometimes disenchantment and hostility drives them home. People and power goes to the north german city where a humane approach to integration is proving surprisingly effective assimilation measures on aljazeera. 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