Struggled since february. Francine im really looking forward to speaking ian the little more about this eurasia report. The question is if you look at financial risk, it is at the bottom of the list. We talk about you wonder if we talk about health risks and the pandemic that we ignore black swan. Next, we need to talk about brexit with en as well. Tom are we with ian as well. Tom are we on the watchlist for the Prime Minister of ireland . We are waiting for comment from ireland, right . Francine we have a new leader summit and we are expecting him to come out, yes. Also expected to talk about the internal markets bill. Tom pound sterling is 128. 47, a bit weak today. With first word news, here is ritika gupta. Ritika President Trump signed a stopgap legislation that will avert a government shutdown. It will keep the government operating at current spending levels through december 11. The countries of Spending Authority expired at midnight. Neither democrats nor republicans won today s
A lot of the focus has been on what mr. Powell said yesterday and what we heard from the fed. We are seeing a bit of Movement Across the board. If you look at some of the european stocks, they are actually retreating after jay powell highlighted uncertainty about the economic rebound. We sought asian shares falling the most in a week. Treasury yields, that curve steepening slightly on wednesday after mr. Powell stopped short of offering specifics on the feds approach to the monthly bond purchases. Lets get straight to the bloomberg first word news. Here is leighann gerrans. Good morning. President donald trump is not happy with what he has heard about the terms of the oracletiktok deal, but says he briefed on the details on till this morning. Sources have told bloomberg that the Top White House officials have raised concerns about the proposal. They say it falls short of Satisfying National Security concerns. President donald trump says a Coronavirus Vaccine could be widely available a
It started it. It essentially was the industry which was unpacking the biology of cells and understanding how those biology cells could be used to make new medicines, a little different from what pharma was an pharma in the past was essentially trying out medicines on animals and seeing if they work and then put them into a human being a Clinical Trial process once we understood how the genes work, once we knew how to manipulate those jeans, a whole new ability to transform what we knew about cells into medicines came into being. This was areal revolution , and about in the 70s and walked through to the 80s and then now today there are approximately a couple thousand companies, about 700 of whom are members of bio, many are private. They are now much smaller industries in the europe and in asia and actually, these Small Companies although they are tiny and they represent no more than any one of the Big Companies in terms of numbers, theyre generating about 70 70 percent of all the medi
Levin is the chairman of the innovation organization. It encompasses the tech industry. Biotech industry was mutilated, unpacking the biology of cells and understanding how the biology of those cells make new mentions. A little different than pharma was, on animals and see if they worked and put them into a human being through a clinical trial, once we understood how to manipulate the genes, a new ability to know about cells until medicine came into being. And now today there are approximately 700 members, privates much smaller industries in europe and asia and actually companies that are tiny and represent no more than the Big Companies in terms of numbers employed generating 70 of all the medicine. What is the difference . Real simple. In the biotechnology industry there is an absolute focus on patient and innovation, new ways of delivering medicine. It is the stocks of these companies. It is a different structure. Insurance companies are huge, they are very substantial. The way they
Neede consensus shows no for a rate move next year, either. Erand the Christine Lagarde gets ready at the ecb. The worlds biggest ipo opens with a bang. Is or isnt saudi aramco worth 2 trillion7 some major banks announced changes and cutbacks. They have to meet their efficiency targets they set. Rosalind the eu unveils a plan to go green that has some businesses seeing red. You see there is pushback. Taxation does nothing for the environment. Rosalind its all straight ahead on bloomberg best. Rosalind hello and welcome. Im Rosalind Chin and this is bloomberg best, your weekly review of the most important business news, analysis, and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines. Another week began without a trade deal between the u. S. And china, and fresh data released on the weekend showed the trade balance shifting between the two superpowers. Chinas exports unexpectedly fell last month as Global Demand continues to w