See the European Union has spent hundreds of millions of euros in advance even before approval from the European Medicines Agency so that a vaccine can be produced so the moment it is approved it is there to be vaccinators so but thats also part of the problem astras is supplying vaccine to the United Kingdom isnt it. Exactly and the argument of the European Commission is that stress anika is a close call company that is producing not only in the e. U. But also in the u. K. Also in india and that supply chain problems must then affect all those countries that are buying vaccines and europe is the biggest customer and it cant be that its just europe that is carrying the burden just because the supply chain problem appears to be in a belgian factory but both are strong and the e. U. Have said its states in the contract that they respectively were right and now the redacted version of the contract that you have in front of you still doesnt shed any light on the core issues here why do you
Saying rich nations need to show solidarity towards the global south face the consequences. Plus the game stop friends ends the week with fuel thats outrage on small investors also on line growth has restricted the buying of the companys shares so what will happen next in this wild ride on wall street. Has welcome to the show the president of the year European Commission also a fund a line has urged Pharma Company astra zeneca to stick by its commitments to supply the e. U. With its covert 900. 00 vaccine comments come after the british swedish firm said it was cutting the number of doses for the e. U. By 60 percent because of production problems. The drugmaker also said it was not contractually obliged to deliver on the line said the contract is quote Crystal Clear the controversy comes as the bloc faces pressure with many countries countries failing to meet their vaccination targets. Other w. s correspondent mark martins joins us now from brussels hes following this ongoing story the
First time since the oil price collapse. President trump labels russia to china as rival powers the u. S. , but says he will try to work with them. Arabia. 00 a. M. In saudi this is Bloomberg Markets middle east. Inm yousef gamal eldin riyadh. A lot to get to. We start off with the broader asian equity session. The handoff from the u. S. At record highs. Boards, trades on the the thailand currency the big peso. And the chilean some other Asset Classes we are dollarg, a stronger u. S. , ever so slightly stronger on the back of optimism that this u. S. Administration is inching closer to achieving its first major legislative victory. Brent crude, take a look at that, currently higher for brent and wti. Fell. Stockpiles 10 year yields for paper at the upper end of the range. Resilient in light of a testy brexit conversation. Of the bigd one stories, the strongest since march. It has pared some gains, but still below the level against the u. S. Dollar. Lets check in on the first word headl
Anna good morning. This is bloomberg daybreak europe. This year is tapering out a little bit. As we get into the penultimate week of trading. The msci index up by 0. 1 . The republicans seem to be ok in the senate. Susan collins, the senator from maine, pushing that one through we think. The houseboats later today. Voteseek the house later today. We have a few things on the agenda. And u. S. Gdp updates. Lets talk about what is happening in South African currency. The u. S. Dollar is gaining a little bit against the african round. The trajectory of travel has been strengthening in the rand. Tribes in the anc vote. Deliver onable to the promises. Will there be risks around that . That is something we will be picking up with our guests in the next hour. In terms of the broader story, you are looking at matt i am looking at that was up 20 . Pix it is up to 826 year high it is up to a 26 year high. Returns wouldnt be so great. Ine you can see the topix blue. In yellow you see how it has re
We are looking at industrial metals, the first down day in nine sessions. The emerging markets index climbed for the highest and about three weeks. Euro strengthening against the u. S. Dollar despite the likely passage of the tax reform plan. Gold gaining. 1 . David lets find out whats going on outside the Business World and for that we turn to emma chandra. Emma today, Congress Begins the final step toward the biggest inrite of u. S. Tax laws three decades. House republicans are expected to easily pass the tax bill and the senate is likely to follow later today or tomorrow. The measure permanently slashes the top rate of tax for business to 20 1 . O 31 35 in washington state, federal investigators say an amtrak train was speeding before a fatal the realm and. According to the data, it was going 80 Miles Per Hour in a 30 mile per hour zone. At least 30 people three people were killed and several others treated at the hospital. The train was making its first run along a new route. A tou