Transcripts For RT Boom Bust 20240711

Youre rich and guilty or if youre poor and. Youve got 2 eyes and ears in one now. So you should be seen in here and a whole lot more than youre saying if you dont take that advice easy going to dig yourself a hole. This is the one business show you cant miss im in washington coming up. Down with one of russia 5 vaccine for an exclusive look into the shot plans to vaccinate the general public as soon as next week in the u. K. Became the 1st country to authorize. Emergence. Of the. Prison is also looking. Really. Have a lot to get through to get started. As the world moves closer to mass vaccinations against covert 19 russia was one of the 1st countries to register its sputnik 5 x. Seen several nations have raised questions regarding the back africa sea citing a lack of data according to a press release from the countrys coronavirus headquarters russian president Vladimir Putin announced his plans to begin a large scale vaccinations as early as next week with millions of doses already produced in the country your leadership of all of us sits down for an exclusive interview with the c. E. O. Of one of the companies tapped to mass produce the sputnik 5. Demitra. Bio cad one of the companies expected to launch production of the coated 1000. 00 vaccine is that correct you just would think you are in fact we are already manufacturing the vaccine the only question is the volume and the time it will take to complete the order lets be more specific that which vaccine are we talking about we know that there are currently 3 different Vaccines Available on the russian market which is. I am of course talking about sputnik developed by the Governor Research institute which at the moment the vaccine is undergoing Clinical Trials but it has already been registered and is being produced to vaccinate specific population groups would she do if you have a contract with the government to produce the vaccine correct. Its all very simple really we serve as a platform for the contract but the whole process is put together in managed by the government Research Institute in collaboration with the Health Ministry our role is to fulfill the contract by producing the required number of doses in the established timeframe of the school how many doses do we need. A new. That is determined by the Health Ministry i know our colleagues there have developed a detailed vaccination schedule and you have the capacity to complete the order. Certainly as part of a Larger Mission we have specific objectives and target volumes to reach and not just us our Companies Carry their share of the load. We know that for russians the vaccine will be free and the vaccination voluntary compared to other vaccines including foreign ones is the cost of production higher or lower. Im not authorized to disclose the pricing details at this moment but i can assure you that its very affordable also you already mentioned the entire program is state funded im sure that this vaccine will not be distributed via commercial channels at least for now. What about potential orders from foreign countries. The Russian Direct Investment Fund is actively working on this you must have heard the c. E. O. Curley 3 of speaking about this i talked to him yesterday they are now discussing the possibility of exploiting the vaccine abroad its been reported that vaccine production will be launched in india as well. For the move and youve got to know who i can confirm that there is a cooperation project to this end underway with a partner from india and another partner from argentina and were also on track for similar cooperation with south korea we all know that other countries are developing covert 19 vaccines as well including the us and the u. K. We have also heard reports in the media about the russian backed scenes being 92 percent effective its the most interesting thing here however is that we are in fact talking about 2 vaccines the vaccine developed by the Research Institute consists of 2 different shots its a quite complex task in terms of production because you have to manufacture 2 vaccines. As opposed to one ok then what if other manufacturers produce a simpler vaccine one that requires only one shot would it be a short cut to the same goal. But then you will see the effectiveness of the short cuts once the Clinical Trials are completed but also time will tell which vaccine is more efficient and provides better immunity in the long term western experts say that we russians are rushing into this because any vaccine needs to be tried and tested for a fairly long period of time and weve done everything so fast its obvious of course that we cant drag our feet here because we need this now. And then clearly what our western counterparts make statements we need to look very closely at who does it and what theyre saying exactly for example they frequently complain that the got away institute hasnt published enough data and so on when you question the station i mean. Personally i think there isnt enough information on either russian made vaccines or the vaccines that are being developed in other countries in terms of their safety how can you prove that theyre safe how are you going to convince people to vaccinate thats a very important issue another question is what is the human adenovirus where are you going to get it to make the vaccine by this point weve seen convincing data that proves the vaccine is safe it was proven during preclinical animal testing im talking about safety now not effectiveness that it was proven during Clinical Trials on Healthy Volunteers weve done all bad statistics show that the vaccine is safe you also asked where we would get the adenovirus thats part of our job of course and the job of the researchers who develop this vaccine there are special cell banks for that. Well go back seen effectiveness and vary depending on the age group will only be able to tell after the trials are over and who the right no additional Clinical Trials are taking place for people age 60 plus some data will be published in. Near future as to what extent the sputnik 5 back scene should be administered to older people well but also in the book on the edge of a financial question as we know that production has a financial aspect to it and is linked to a lot of risks in case some trials are veal that the vaccine is not as effective as we had hoped wouldnt it make sense to 1st produce a smaller batch rather than go into large numbers right away and weve been watching our western colleagues who have encountered a number of negative side effects during their trials and we saw that those experts suspended their trials and studied the causes of those negative side effects then based on this research they make special risk profiles explaining which patients should take the vaccine and which should so the groups of people to be inoculated 1st are determined according to this risk profile and the Research Data thats available do you believe in the spot in the back seen i do ive had my shots already and your family my family to both my wife and myself not my children though as there is no reason to vaccinate them i got it when the very 1st Clinical Trial started and my wife a bit later so our country has enough Production Capacity to complete the state contract which would be how many doses this is determined by our Health Ministry based on our epidemiological model but you must know the numbers at least for the early stage ive signed an m. B. A. So i cannot disclose anything but i am positive that our Production Capacity will be enough to handle. The United Kingdom is the 1st in the world to formally approve the pfizer and biotech over 19 vaccine peizer c. E. O. Called it a historic moment on wednesday the u. K. s medicines and Health Care Products Regulatory Agency granted emergency approval for the vaccine which they say is 95 percent effective in preventing severe illness biotech chief medical officer said it already began the process of delivering the dry. To the u. K. We have started immediately the process of delivering our vaccine with delivering our vaccine and we expect that for all our to offer vaccine in the u. K. Will happen within the next couple of days. British leaders the elderly will have priority followed by front line workers and social workers both the u. S. And the European Union regulators are going over some of the data but they have not yet decided on whether to approve the vaccine for more were joined by the total time investigative journalist been swan and board member of the British American Business Association hillary for which hillary good to see you hilary lets start with you how big of a deal is this for the u. K. To begin the distribution of pfizers vaccine well sarah pleasure to be back with you and short its a big deal 2 aspects of this though and 1st of all the deployment and then what this means is of the e. U. In terms of the deployment Simon Stephens the c. E. O. Of the n. H. S. Yes thats the National Health service has said yes the deployment is ready for next week and it will 1st go as you mentioned to me and to the Front Line Health Care workers so thats going to be staggered throughout the u. K. There is enough in the u. K. Currently since this is a dose vaccine for vaccinations to a for about a 3rd of the population 66000000 people so a 3rd of 66000000 people will get these vaccinations and it will start quickly i think the one point is that of course the u. K. With the n. H. S. Has a very centralized system the caution then is though by jonathan hes the deputy medical minister for the u. K. As he said you know this vaccinate vaccine is not like your gut it has to be stored at minus 70 degrees and you can take it in and out of refrigeration like you can and youre good and open it and close it and put the lid back on and put it back in the refrigerator so there are also logistical concerns as to how this will be deployed but nevertheless the n. H. S. Is centralized and i think youll see this rollout fost quickly next week rather fast and it will be efficient and and well done this is in contrast of course and this brings us to an issue we discuss a lot is in contrast to the e. U. The german minister peter lysol has said that he doesnt see why the u. K. Is rushing into this and that the the committees have to be far more. And so the e. U. Is going to be reviewing this and the result should come out december 29th and then obviously thats the Pfizer Vaccine and the madonna vaccine on january 12th so all projections all at least that will be about a month later in the e. U. At the earliest so to answer your question and not show a big deal sara that the e. U. Has moved so quickly a big deal especially for the u. K. Who has struggled to contain the virus in the 1st place and like you said not without facing some issues as far as administration how they plan to administer the vaccine exactly and we may see even more problems it doesnt look like its going to be as easy as they claim or say theyre trying to make it but then both pfizer and wondering are there theyre seeking emergency f. D. A. Approval here in the United States as well but both companies are also seeking that approval in europe at the same time right. Yeah they are and i hillary covered a lot of that so let me just say this about both modern and both pfizer and by the way the fantastic interview to lead off the show with theres a lot of information there about this but the vaccine and what that ultimately means as well but it really comes down to 2 major issues with the vaccine number one is as hillary was talking about storage of those vaccine units so in the u. K. In europe in the United States there are Big Questions about that theres also Big Questions about who gets the vaccines 1st and of course the question of how long will it last we dont know the answers to the questions about the actual efficacy in terms of long term protection for any of these these vaccines because theyre so new when there hasnt been enough Research Done number one number 2 its also important to remember that there are indications that these vaccines may not prevent someone from spreading the virus so it may prevent you from getting sick but it may not prevent you from spreading it so there are a lot of questions about that as well and then thirdly theres the the issue of who gets it obviously theres a lot of talk about it going to frontline workers Health Care Workers and the elderly 1st but its interesting what was said in that interview with the russian scientist where he mentioned that in russia you know his wife has taken it hes taken it but his children will not because children dont need the vaccine Dr Anthony Fauci just said the same thing very similarly here in the United States recently not about the vaccine but about the fact that kids dont really get sick from this he said it over the weekend and that kids are the least at risk so the question is will the u. S. And europe treat their vaccines the same way that the russians are in terms of not necessarily giving it to children i doubt that will be the case but its in that an interesting contrast in terms of kind of the political dynamic a lot of the country just wants to get back to normal theyre looking for the quick the quick aid a cure for this right the vaccine something that we havent seen yet is at least to this point is how quickly its a vaccine was developed this new technology m r n a the fact that the efficacy is so high that a lot of people trust but a lot of people still do not trust are we supposed to try to be back to normal though only if we reach some sort of herd immunity. Well thats true but think about what youre seeing in terms of the efficacy rates the efficacy rates at 90 to 94. 5 and 95 percent the flu vaccine that we have in this country that we use there obviously we have different versions of it the highest efficacy weve ever had for a flu vaccine is 60 percent the lowest is 10 percent so when youre talking about now youve rushed into development these vaccines that suddenly have the highest rates in the world in terms of of treating a virus like this and they were the fastest produced you have to kind of step back from that and say those numbers are accurate because again those are numbers that are coming in the form of press releases from big former companies they have not been verified well will see about that especially we dont know about the long term side effects hilary one more question before we run out of time we do want to touch on braggs that we have less than 30 days to go and it looks like we could be looking at a no deal braggs that with europe what are the Sticking Points here give us a few Sticking Points i just want to add one thing to what ben said very thoughtfully cover that he did one thing that nobody even talks about birth defects that how can they study their longevity in the long long term effects of this and the longevity in terms of birth defects for the next gen im not sure today we have pregnant women are even going to be want to go and get that what about my sons of what about my grandchildren you know would they get a positive anyway thats a whole nother issue but you asked about rex said yes im getting really close now down to the wire i thought it was very interesting that mccrone recently met with the belgian Prime Minister and he actually said that he is that hes afraid that this is going to be use a football analogy the britain is going to like to have a loss a goal in the last minute i think a couple of things happened the u. K. Actually has conceded a little bit in terms of the fishing rights theyve gone from requesting and demanding that 80 percent of all fish caught in their waters over time and that its only 60 percent so i think the u. K. Has negotiated in good faith but its actually coming out that the european leaders are particularly concerned because they feel that bania is likely to concede because he wants to get this done and vandelay also what she wants to do is have on her legacy of course that theres been some concession. I think the biggest Sticking Point actually is my crawl and thats because of his fishing villages and fishing towns all surround the English Channel and the amount of fish is the discord in the british warship waters but Boris Johnson is Holding Steady saying that these are all sovereign waters and we want sovereignty back so the remaining sticking issue of course of fisheries but also governance the one thing also the u. K. Has conceded on is also with regard to human rights and i think thats totally fine because you know human rights across a level Playing Field across europe they should be the same standards cohost investigative journalist ben swan and board member British American Business Association hurry forward to tell the time how for today but thank you so much for joining and this great discussion pleasures are. Time now for a quick break but when we come back the European Union and the asian group have agreed to form a Strategic Partnership well explain what this means for more than a 1000000000 people that represent me. As we go to break here the number. One business when people lose trust. In the Central Banks that so were going to find out. You know theres a saying. There wont be cheap but then you went through all the countries. But the idea is really there right its called youre scum he said if you ever come to pass. This country. This is what we dont understand how we are in such a country its. The nurses are the ones at the same time. Youre saying im going to. Be one. Of the were not there god can we believe again in the World Without a doubt the computer with the plane could. Come back to the 3 story you have to see. If you really. Believe you. After years of talks a European Union and asian the group consisting of 10 Southeast Asian countries upgraded their relationship to form a Strategic Partnership germanys foreign minister said as close Economic Partners we will stand up for safe and open trade routes and a free and fair trade adding together we represent more than a 1000000000 people and almost 25 percent of Global Economic power no specific plan has been detailed this comes just weeks after the 10 Asian Countries joined china japan south korea australia. And zealand in the regional comprehensive Economic Partnership the Worlds Largest trade agreement so for more were joined by boom bust cohost christine and host of economic update and author of the sickness is the system professor Richard Wolffe professor lets start with you whats the significance of this e. U. Asian partnership what does each side have to gain and lets talk about the timing of this weeks after the r c e p deal was signed. I think this is a message to the incoming by stray should Crystal Clear lets keep in mind it was mr trump and his administration that turned away from globalization for me to National Reagan in one nationalist dratted thats what the trade war with china was thats what the arabs imposed on Africa Latin America and so on well those were all the shit that escalated by the rampant ministration i think were never opinions like that war now receiving is the democratic government coming in and were in that state with that kind of turn to nationalism in which case theyre making deals with each other to get around it or will they only do what theyre in the game on to their way but always in the court of the the whiteman ministration to show the world whether that mr jones was an aberration or whether theyre going down that road. Well weve heard the biden and restoration say they are going to be pretty tough on china as well how tough were not sure we do know that by then unlike trump is a little bit more predictable so that may change the course of the relationship but kristie the e. U. They also want to revive ties with the u. S. Ahead of this inauguration for joe biden one of the goals of this alliance. Well like will said after relations between the u. S. And e. U. Got intense pretty much due to the trump and restraint and the e. U. Is now hoping to soothe things over and get things back on track to where they were before and so the main issues on the table that they clash with trump about included trade Defense Technology or Foreign Relations just to name a few so now that you have to find 4 major policy areas to focus on that includes Health Response Climate Change trade and tech and security so Going Forward the e. U. Commission said that they want a transatlantic dialogue on the responsibility of a big tech and to find Global Solutions for fair taxation is a market distortions in the Digital Economy so the basic idea is to have in more harmonized stance and finally come to an agreement on how to tax these Big Tech Companies so that you had originally hoped for digital tax agreement at o. E. C. D. This year but the Trump Administration walked out of the negotiations in the summer so there also has been a lot of tensions over a 5 g. And the e. U. Granting access to develop infrastructure for 5 g. So that you hope that those tensions cannot be sued over and that Neither Party will have to resort to any sort of fair or sanctions and in regard to the pandemic the Commission Wants stronger cooperation in terms of tackling the coronavirus and to reinforce and reform the deputy joe wright for a professor wolf and you mentioned this a little bit earlier in regards to china biden has confirmed that hes not going to make any immediate moves in in terms of lifting the tariffs that the travel ministration imposed on imports of these chinese goods before a full review of the existing phase one trade deal what is biden stance on china do you actually expect him to treat china as a friend of the trade partner again or as a foal like the trumpet ministration. Well at this point its very hard to tell thats why i made the only not only about the ball being in midst of life which court youre absolutely right in why hold the little bird its not so clear he seems to want to leave something in im mystified as to why hes doing that the proper thing to do would be to say were going to her were going to have some meetings look each on always go back to what it is that mr trump did but im afraid that this symbol of not changing its name with it is an attempt to signal that at least some of the trumps nationalism is something that the democrats either dont want to break away from or are afraid to show themselves different from and in that case youre going to see more and more Strategic Partnerships between everybody else in the world and the United States frozen out because it took that 1st step to break it and it doesnt seem at least so far to be coming back well then we hear both sides as far as the democrats and the republicans wanting to take this tougher stance on china u. S. House Speaker Nancy Pelosi also very much worse in her concerns on National Security Technology Theft and on and all of that kristie speaking of of the trade war though it seems like its continuing to escalate beijing is now responding what is the latest what are they saying. Well after trump introduced an executive order against a range of chinese firms arguing that they could not as they do but they could share data with Chinese Government china has also decided to respond to china has now introduced tough new laws which restrict the export of controlled items these items being related to military technology and other products on my harm chinas National Security so these new laws come into effect tuesday which could escalate the ongoing trade war with the u. S. So specifically these new law established several categories of control items which include nuclear military items and will use items that could be used for both civilian and military purposes now ai and algorithm were also included in these tests how to corys as this was prompted by the u. S. Is an os ticktock so the other item the big one was Rare Earth Mineral that was also included in prices have increased drastically in and to patients that the law could affect their export so china as you know is currently the worlds biggest supplier where Earth Minerals which are used in all Consumer Products as well as military technology so its not surprising that china retaliated this way as a feels the need to defend its own industries but in the end these trade wars in the tech cold wars they only kind of result in a lose lose situation where innovation is slowed and american businesses and consumers and paying a higher price as a result and just really quickly just add on to what will said. Biden is a politician and he cant be made to look like hes going soft on china either either this earlier this week reuters actually reported that trump would take steps to block biden into a hard line position on beijing and the house is now reportedly planning to vote on measures that if implemented would force Chinese Companies to delist from u. S. Exchanges unless they agree to strict auditing standards a lot going into bidens place at the plate as far as china its on his on his footballs on his Court Whether or not hes going to levy some of these tensions and we have yet to see whats going to happen there boom bust cohost christine professor Richard Wolffe thank you so much for breaking this down for us. Thats all for this time catch boom bust on the man on the portable t. V. Apple will be on your apple on Android Devices will see and. Observe. Child small seemed wrong. Roads just dont all. Get to shape our disdain you can stick the ticket and in detroit because of the trail. When so many find themselves worlds apart. Just to look for Common Ground the. Thank you. But. It will get bored if he does much good enough for me. Because well good luck it is a. Lot of. What the in the middle of the job is and im old enough as a youngster the. Need to get. Them involved not ever. Only. About one or a whole. Lot of our number. If you wanted me to. Get some of the. Worlds most out of a little box the new russia says its covert job will cost less than 10. 00 per dimes as a present sputnik the 2 u. N. Member states. I am determined to protect our election system which is now under coordinated assault and see donald trump runs the us election a total catastrophe as he pleads with the supremes courts to overturn the results. Most unlikely venue looks to take holy orders as an english saw finds a devout. Lock down restrictions. That is a bridge to the venue as a person off hours