See the European Union has spent hundreds of millions of euros in advance even before approval from the European Medicines Agency so that a vaccine can be produced so the moment it is approved it is there to be vaccinators so but thats also part of the problem astras is supplying vaccine to the United Kingdom isnt it. Exactly and the argument of the European Commission is that stress anika is a close call company that is producing not only in the e. U. But also in the u. K. Also in india and that supply chain problems must then affect all those countries that are buying vaccines and europe is the biggest customer and it cant be that its just europe that is carrying the burden just because the supply chain problem appears to be in a belgian factory but both are strong and the e. U. Have said its states in the contract that they respectively were right and now the redacted version of the contract that you have in front of you still doesnt shed any light on the core issues here why do you
Saying rich nations need to show solidarity towards the global south face the consequences. Plus the game stop friends ends the week with fuel thats outrage on small investors also on line growth has restricted the buying of the companys shares so what will happen next in this wild ride on wall street. Has welcome to the show the president of the year European Commission also a fund a line has urged Pharma Company astra zeneca to stick by its commitments to supply the e. U. With its covert 900. 00 vaccine comments come after the british swedish firm said it was cutting the number of doses for the e. U. By 60 percent because of production problems. The drugmaker also said it was not contractually obliged to deliver on the line said the contract is quote Crystal Clear the controversy comes as the bloc faces pressure with many countries countries failing to meet their vaccination targets. Other w. s correspondent mark martins joins us now from brussels hes following this ongoing story the
Hello, and welcome if youre watching on pbs in the us or Around The World, and stay with us for the latest news and analysis from here and across the globe. The European Union is introducing Export Controls on Coronavirus Vaccines produced in europe. The move will force Pharmaceutical Companies to get permission before supplying doses outside the bloc. It comes amid a Supply Dispute between the eu and two major vaccine suppliers, astrazeneca and pfizer. The European Commission says Export Controls are necessary to ensure that all eu citizens had access to vaccines. Nick beake reports from brussels. Throughout the week, this post brexit battle between the eu and a british based Vaccine Maker has been intensifying. European countries are demanding that astrazeneca delivers all the jabs they ordered, even if it means taking them from the uk supply. It all hangs on the contract the two sides signed thats now been released, although with parts blanked out. Astrazeneca says it agreed to do i
Hello, and welcome if youre watching on pbs in the us or Around The World, and stay with us for the latest news and analysis from here and across the globe. The European Union is introducing Export Controls on Coronavirus Vaccines produced in europe. The move will force Pharmaceutical Companies to get permission before supplying doses outside the bloc. It comes amid a Supply Dispute between the eu and two major Vaccine Suppliers, astrazeneca and pfizer. The European Commission says Export Controls are necessary to ensure that all eu citizens had access to vaccines. Nick beake reports from brussels. Throughout the week, this post brexit battle between the eu and a british based Vaccine Maker has been intensifying. European countries are demanding that astrazeneca delivers all the jabs they ordered, even if it means taking them from the uk supply. It all hangs on the contract the two sides signed thats now been released, although with parts blanked out. Astrazeneca says it agreed to do i
Virtually all subpoena 500 sectors are down. S p 500 sectors. Thisjackie deangelis is here wat breakdown. Reporter good afternoon, neil. October has gotten off to a rocky start i would say. The fundamentals of the u. S. Economy had been holding up but the data is signaling that there are some cracks there. Today es nonism manufacturing number is important, showing slowing growth in the Services Sector. Reading of 52. 6 is down from 53. 4 in august. Fed cutting Interest Rates, reacting sharply, forecasting another quarterpoint move lower at the fomc meeting at the end of the month. The number is essentially neutral but it indicates sloyer growth here. We earlier saw a slip in manufacturing as well. You combine two of those things there is definitely a red flag. Meantime bed, bath beyond, increasing number of stores it is planning to close. In april it said it would close 40 stores. Now that number bumped up to 60. Retailing in general, 4600 store closures for the year announced by u. S.