And only talk about the virus, the vaccine developments, when there is not much thats new. Why do this at all on a friday evening . I cant answer that. Its good to get out of the house, i guess. Been announcement about pfizer come a couple of weeks earlier, which to be clear, doesnt appear the science would have allowed, im sure we would be talking about a different political landscape. Even with that bad timing. It is certainly an achievement for this administration to have been able to help accelerate some of these vaccines, like the vaccineng moderna into the final stages, and hopefully the level of emergency approval and access to the American Public by the end of the year. That remains a very big deal if it does go that way. Emily can you clarify for the record what pfizers involvement was in operation warp speed . They did not get money from the government, saying they misrepresented the involvement. What do we know to be the truth about that . Question, andeat its important we c
Is live. Pump up the jam good friday morning welcome to squawk alley. Markets still in the green pinning hopes to stimulus talks. Were watching headlines best week so far this morning, jon, in two months for the dow yeah. And in tech this morning, carl, hey, weve called it out here on squawk alley before. Today amd eyeing xilynks amd is a 100 million market cap down 3 on a 30 billion deal. Investors are giving this blessing a few different trends here. A hot of Tech Companies have richly valued stock to play with there is pressure to answer and three u. S. Restrictions are hurt something chip makers like xilinks and theres no end to that in site good morning, guys pat, are you surprised not a the hoff overlap here. So in that sense, maybe this deal isnt at risk but, hey, not a lot of overlap here. So maybe this is risky the. Yeah. The so as you said before, amd needs to grow. When i look at valuation, im sure stacy will will weigh in on this, it had to do something organic growth isnt
Quarter of 1 . The backdrop to this is the Republican National convention that kicks off today. We are going to have more on that later on today. Ags investments will be joining us. I want to stick with the president and politics. We know the virus is related. Yesterday, President Trump making an announcement on a has to tracking of convalescent plasma treatment. Listen to what he said yesterday. Pres. Trump through this study, over 100,000 americans have already enrolled to receive this treatment. It is proven true tease to reduce mortality by 35 . Joining us is tobias levkovich. Thank you for joining us. How should the market price of vaccine and a treatment differently . I think the market is looking for both, in many respects. In other words, vaccines that are being discussed are more about protecting the person from getting the infection, but not transmitting the infection. On the other hand, therapeutics are treating the actual infection. We need a mixture of both results in orde
Charges against huawei including conspiring to steal trade secrets we have from the need for caution in considering license applications the u. S. Continues to have Major Concerns about way this comes as america heightens its Global Campaign for its allies to ban wall was equipment into their next generation of 5 g. Networks but just weeks ago in a blow to the United States u. K. Dismissed terms claims and they said that it would allow always 5 g. Into the country at least into its nonsensitive parts. We for us at least the. People of this country the consumers. They will. Want you to whatever. Does your family who. Are Critical Infrastructure security. Are. Working together with other. Cars right. Now despite the u. K. s decision the Trump Administration is now moving on to warning germany u. S. Ambassador to germany Richard Grinnell said President Trump personally called him to make clear that any nations who chooses to use an untrustworthy 5 g. Bender will jeopardize that u. S. Inte
The United States is saying that they have proof have you or wall anyone from always been presented with any evidence was interesting the u. S. Government says that the declassified the information so we welcome the opportunity to see what the evidence is but we really have to look at this in the broader context of the ongoing geo political dynamic between the u. S. And china the u. S. Has some major issues with china and right now the u. S. Wants to hurt china so badly that theyre going to hurt america in trying to hurt wall way and thats really a shame it is and right now the trump ministration is trying to move forward with these chip regulations to block shipments from the Worlds Largest contract chip maker taiwan t. S. M. C. And thats always one of big always biggest chip suppliers so its all even prepared for Something Like this to happen there weve been very working very hard on this socalled plan b. I got back from some very intense meetings in china more than 2 weeks ago and s