A dutch court finds shells nigerian subsidiary responsible for multiple pipeline leaks and or does it to pay damages to farmers. And we look at why namibia is government is auctioning off 170. 00 elephants despite the pills by conservationists im 7 asked with sports event is that cage and perrier refuses to criticize christiane around his top scorer faces a Police Investigation for breaching coded 19 rules by going on a ski trip. Alone welcome to the news hour we begin with the race to vaccinate the world against 19 and fears the poorer nations are being left behind and richer countries are rushing to secure supplies johnson and johnson has become the 1st company to announce trial results for a single dose jab it says its vaccine is 66 percent effective in preventing moderate to severe symptoms of covert 19 and plans to seek emergency authorization in the United States next week thats just a day off the American Company novaks said its vaccine was 89 percent effective in u. K. Trials b
Good wednesday morning welcome to squawk alley. Im john for the with caro quintanilla and Julia Borstin well start with apple, a cost cut for Small Developers josh lipton breaks down the news for us. Here is how the new program is going to work its called the App Store Small Business Program it launches on january 1st and it does represent a big change here. Developers earning up to 1 million during the Previous Year will now be eligible for a commission of 15 on paid apps and inapp purchases, and that is half of apples Standard Commission apple says the new program will impact what it says is the vast majority of developers selling Digital Goods and services on the store. Tim cook saying in a statement the app store has been an engine of Economic Growth like none other, creating millions of new jobs and a pathway to entrepreneurship accessible to anyone with a great idea for investors this change is also important remember, the app store is critical for apple it accounts for an estima
For those two companies, it was a tale of two different big tech quarters alphabet has certainly been the laggard this year. Underperforming not just its big tech peers, but the nasdaq amazon has been a standout, 70 gains. Alphabet had a low bar and amazon had a high one. Did they deliver we can look at a number of metrics, what i want to drill down on particularly is cloud. These are the companys newer growth engines cloud numbers came in only in line with expectations revenue up 29 year over year. Love large numbers but google cloud, revenue was up 45 and now the company is going to break it out as its own segment. Have a listen to what was said last night. Given the progress we are making and the opportunity for the cloud in this growing global market, we continue to invest aggressively in our gotomarket capabilities and extending the global footprint you will see information about the scale of our investments so investors are going to be able to see exactly how much google is inves
Good Tuesday Morning im Carl Quintanilla with jon fortt and Julia Boorstin apple is going to be the story of the hour. Their new event is just hours away expected to unveil the latest edition of the iphone, jon likely story of the week in my book. Thats where well start this morning. Joanna stern off the wall street journal joins us product reviewer extraordinary air. Its been a long time since we had an iphone event that wasnt focused primarily on camera and screen quality, i would argue. Maybe back to the iphone 10 where we got face id but this time it might be 5g taking center stage, right supposed to be it speed, speed, speed. That was the tease in the invite last week from apple i think its going to be in 5g, certainly. Processors, processors, processors every year. And i think also we hear a lot of speed in charging this morning it was a i believe it was last night, a Wireless Charging grid that will clip to the back of the new iphones magnetically clip. Should be able to charge
Hi im Steve Clemons and i have a question is the coronavirus morphing from a Public Health epidemic into a full blown social and financial pandemic lets get to the bottom line. Around the world factories have gone off line schools have been suspended and entire cities have been locked down in italy the entire country is now under quarantine and in america critics of President Donald Trump say his administration has been slow to deal with the outbreak and focused on dealing with a Health Crisis as a Public Relations battle more recently however and with 700 cases of Coronavirus Infection in the u. S. The administration has shifted to high gear in fact in the past few days the government set aside more than 8000000000. 00 in emergency funding and started to talk about an economic stimulus package so where is the fear of the unknown taking us now fortunately we have people around the country who have the answers with me here in washington d. C. Our dr ali khan a former u. S. Assistant Sur