Advisor has resigned. It comes one day after President Trump fired mark esper. Not give a reason for his resignation. A vatican investigation to x Cardinal Theodore mccarrick has found bishops, cardinals, and popes downplayed or dismissed reports that he sexually abused children and adults. The vatican took the extraordinary steps today of publishing its twoyour internal probe into mccarrick. The report places most of the blame on the late Pope John Paul as 1999, newarly that the behavior was problematic. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. Will there be any thawing of relations between china and the u. S. Under a biden presidency
Good afternoon. Eyeing the dean of the Institute School of Public Health and im delighted to have everyone join us today for this discussion. We have the author of an incredibly important book here, rosemary gibson. Her book is the topic of a dramatic shift in where our madisons come from. China looks at the position as a pharmacy of the world. I think any of us in the Public Health profession have been unaware of the shift. We may notice on time but there are shortages and contamination issues and other problems but i think that it is we have not been aware there is a systematic issue, a major change in the system for manufacturing pharmaceuticals. The implications of one country and the supply of medicines were astounding no matter what country we may be talking about. Think about it. What if there is a Global Pandemic and its hard to lose products across the world. But if there are heightened tensions within the South China Sea. Everyone could be vulnerable and put at risk. The role
Issue, a major change in the system for manufacturing pharmaceuticals. The implications of one country and the supply of medicines were astounding no matter what country we may be talking about. Think about it. What if there is a Global Pandemic and its hard to lose products across the world. But if there are heightened tensions within the South China Sea. Everyone could be vulnerable and put at risk. The role of the fda in this situation cant be overstated because the fda cannot be as effective in assuring the safety of the medicines and areas of the world as it can at home. Many of us are not aware of the safe debate co facetoface contact that the fda has with those that are manufacturing our drugs, the inspections they conduct, the very handson work that is involved in making sure that the manufacturers drugs are safe. They certainly set up offices all over the world to do that and that is not the same as having offices, having manufacturers in your own country. And with the u. S. L
A neighbor. Dies with iran go along way back from saudi arabia. Has been one of our closest friends saudi arabias whole process when we have needed well when we have been in need and so the reason for the strip that we do not want a conflict between saudi arabia and iran we recognize that its a complex issue we recognize that but we feel. That this can be resolved through dialogue. President rouhani was speaking alongside him on khan and he said that iran while comes talks with regional countries but this is a country thought that they could sew instability in the region without a response they were terribly mistaken. We discussed recent developments related to the middle east region particularly to the persian gulf and the sea of oman as we believe they are very critical regions for the gulf and the whole region we also him to side on the strengthening of stability and more peace in the region. Tensions have been high in the region since the attack on the Saudi Aramco Oil facilities o
I. M. F. To eliminate unfair competitive advantage thats been created by chinas action. This is according to Treasury Department statement. Remember, the last time that the Treasury Department had a policy report on the Foreign Exchanges, it was back in may and they stopped short of labeling china a currency manipulater. They havent done that since 1994. And the fact remains that there is a 2015 trade facilitation and trade enforcement act and china really does not tick all of the three different criteria. We are talking about minimum 20 billion trade surplus with the u. S. China does tick. But were not talking about repeated interventions in the currency markets or current accounts in excess of 3 of g. D. P. The fact that the Treasury Department went ahead with labeling currency ma china a currency manipulater will have to wait to see on what basis that has been done. There are analysts who have said there could be a currency manipulater designation through the older, 1988 omnibus tra