Have you with us the coronavirus pandemic is reshaping the biotech industry investors are piling into small often unproven companies in hopes that they can produce a vaccine in the coming months those companies in turn are spending big to expand production facilities for vaccines that arent yet fully tested or certified its a gamble for both investor and company and it reflects the urgency for a vaccine as well as the potential to make money. German Pharmaceutical Company cura voc 20 years old 480 employees and it dreams of change in the wild has its sights set on the most sought after of prizes a Coronavirus Vaccine and the newly listed company is making progress when went public in new york on friday it shares rose 249 percent during the 1st day of trading those who go to an alley may have struck it rich. Cura back is just one of many corporate vaccine hopefuls 170. 00 companies from all over the world including the us china japan the u. K. And india are also in the race. Last week r
True to the extent that people need dollars but it eventually what happens when theres an alternative to the dollar and it becomes clear that the issuing authority is not trustworthy and has as really been running a large ponzi scheme which is whats been happening and the models are here to call call the law i own the fundamental value of the dollar and its you know its tragic and its its potentially rather scary and has some bad implications im quite an optimist so i actually think that the system is broken needs to be fixed and that theres a good other side to it once we get through once we get through it will no doubt be a difficult period you know you mention 1971 when we went off the Gold Standard Richard Nixon closed the gold window after france asked for 300000000. 00 worth of their gold back in the the trade deficit going on and then soon after that the United Kingdom asked for their gold which has also happened to be about 300000000 dollars worth and Richard Nixon and said clo
17000000 americans earlier this Week Senate Republicans released a nearly one trillion dollar relief package of their own this was to counter the 3 trillion dollars package that the House Democrats passed back in may talks are scheduled to resume through the weekend but a deal still seems pretty far from sight. Commodities in crypto markets are heating up around the world as traditional equity markets take a breather from their epic rally last quarter well it seems like we are seeing a big asset rotation coming on. In the boom bust cohost Christine Christie chinese regulators theyre rushing to curb Precious Metals trading in order to temper speculation how dangerous is this for or the speculative market while this could be very dangerous especially when you take into account the huge middle Class Population in specially in a country like china weve seen this before and there was widespread market from a previously which created bubbles we had. Tech bubble we had an i. P. O. Bubble we h
Good morning. This hearing will now come to order. I am pleased to welcome our distinguished panels of Witnesses Today on the economic subcommittee focusing on a very important topic and i think theres a lot of bipartisan interest in and that is the economic geostrategic challenge with the rise of china poses for the United States not just today but in the future. The calmness party led peoples republic of china through unfair treatment practices and intellectual property theft market manipulation and very prominently in my view not reciprocal treatment not just in the economic realm but in many realms has been a force in the Global Economy that undercuts the resiliency of the u. S. Economy. Its been one of the worlds fastestgrowing economies averaging close to 10 growth from 1979 to 2015. In 2014 china overtook the United States as the Worlds Largest country in reducing power according to the International Monetary fund. I believe there is a strong bipartisan interest and hopefully we
1000000000. 00 invested in the. In the United States the closure of the consulate is adding to the uncertainty if you could trade places well talk shows today so lets go into. The largest trial for a potential covert 1000 vaccine began on monday woman journal started its trial 130008 plan volunteers helping to touch shots hundreds partnership with the u. S. National institutes of Health Volunteers will either receive a real shot or a placebo after 2 doses scientists will evaluate the results to see if it can prevent symptomatic cove at 19 for the 1st test site to begin vaccinating is in Savannah Georgia and a total of more than 70 testing sites will be used across the country will phase one results published earlier this month showed the vaccine was generally safe and had only mild side effects this included fatigue and. Muscle pain well the center for Disease Control and prevention says it typically a phase one study consists of a small number of people to see if a vaccine is safe and