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Has announced his resignation. We know that we can do this. We can vote back talks on libya, wrap up with rival groups, agreeing on a date for national elections, but not now. And his 4th, Dustin Johnson has won the 2nd major title of his career, the american claiming the masters with a record breaking score. So in the last hour or so, weve had some more encouraging news on the corona, virus vaccine front with news from another major drug Company Currently in clinical trials. It is the us pharmaceutical firm, modernity, which is early results from its vaccine show. It is 94. 5 percent effective. Remember donald trump made a deal with madonna back in august to purchase 100000000 doses of the vaccine when it was ready. But then is the 2nd candidate with a shot at getting approval. Pfizer announced last week that its vaccine was 90 percent effective in the late stage trials. ....
The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days ....
Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy a ....
This is business im Kate Ferguson thanks for joining me Global Markets are on course to end the week higher as investors expressed optimism about the prospect of joe biden becoming the next president of the United States in asia indexes in hong kong and shanghai traders 7 on the expectation that the United States under biden would lead to an improved trade relationship with china hopes are also rising among european investors who believe that i trade reset with the u. S. Could prove a major boost. Lets take a closer look at transatlantic trade with found lying a chairman of the european parliaments committee on International Trade welcome mr lying in the last 4 years have turned the transatlantic trade relati ....
Said this hearing will her were turned to order and we understand that senator moran is next so sir you are recognized. Chairman wicker thank you very much and thank you for you and senator cantwell hosting this hearing. Let me address initially this topic that seems to be primary today and then that is of data privacy. Let me ask all three witnesses how much money does your company stand annually on content moderation . How many people work in general in the area of content moderation including by private contract . Let me start with those two questions and ultimately want to ask you how much money does your company spend independently on lawsuits for content. See that mr. Zuckerberg do you want to go first . Senator we have more than 35,000 people who work on content and safety review and i believe our budget is multiple billions of dollars a year, upwards of three or maybe even more billion dollars a year which is a greater amount in revenue in the sense that we are spending more on ....