18 Burst results for "Albert Bourla"
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"And we're coming up on half past 9 a.m. in Hong Kong. I'm Michelle jam Roscoe. And I'm Doug Krishna at the Bloomberg interactive broker studio in New York, almost a 9 30 in the morning in Hong Kong, the pre market for the hang seng has us weaker by around a 9 tenths of 1%, but we're seeing a lot more in the way of weakness when it comes to Tokyo, Sydney and Seoul financial shares leading the Nike to a loss right now of about 2.3% and curiously after a big move lower in U.S. yields in the New York session. The two year treasury is actually up about 9 basis points to 4.07%, but we were down 60 basis points in New York trading. We'll take a closer look at the market action in about ten minutes. We begin with an update on a few of this hour's top business stories. Well, that's right, Doug and all this bank talk we haven't talked about the inflation report coming out tomorrow, but anxiety is running high ahead of tomorrow's CPI data in the U.S. and what that means for fed policy, Bloomberg's Michael McKee has a preview. Already important CPI data will play an even bigger role on Wall Street following the collapse of Silicon Valley and signature banks, investors began repricing fed rate hikes. Last week they anticipated four more, a total of 1%. Now, just one move is baked in and by a small margin as traders bet concern about the banking system will outweigh worries about inflation. But the fed can't stop worrying about inflation. And if we get a hot print for February, markets will likely reprice again. Michael McKee, Bloomberg daybreak Asia. Well, Pfizer is purchasing the cancer drug makers see gen this deal has an enterprise value of $43 billion. Now Pfizer will pay $229 per share cash. That's about a third more than C Jen's closing price on Friday. See Jen is the leader in developing cancer fighting ADC drugs, Pfizer is using this deal, its biggest of the year to set course on its next move after basically doing very well during the pandemic and backing into mainstream pharma. Pfizer CEO Albert Bora spoke to us earlier about this deal. It's giving us the ability to repeat once more what we did with BioTech and the technology of mRNA against vaccines with vaccines now can do it against cancer. It is a unique technology. It is called a to C and this technology can become the one of the biggest answers many cancer tumors that right now we have about one solution. That is Pfizer CEO Albert bourla, Pfizer saying that it's expecting this C gen deal to close late this year or early 2024. All right, let's get to our global news headlines. Ukraine and China plan to talk for the first time, Dan schwarzman with more. Damn, what's up? That's right, Michelle Ukrainian president volodymyr zelensky and Chinese president Xi Jinping planning on speaking by video link after she's expected visit to Moscow next week. Ukraine and China have not had direct talks since Russia's invasion began last February. U.S. national security adviser Jake sloven says, a meeting between the two countries is a good idea. It would potentially bring more balance and perspective to the way that the pure PRC is approaching this. And we hope it would continue to dissuade them from choosing to provide lethal assistance to Russia, which is obviously something that we have warned about. China has been trying to position itself as a peace broker in the conflict even offering up a 12 point plan to end hostilities back at the end of February. As a response to the war in Ukraine right on their doorstep, Poland is looking to double its military spending to 4% of GDP that's double the NATO requirement it would make pulling the largest spender per CAPiTA in the military alliance. The country is also planning to double the size of its army to 300,000 troops. Poland has already ordered 1000 K two main battle tanks from Korea, as well as other systems as it looks to modernize its military. Former president Trump's longtime attorney and fixer Michael Cohen testified before a Manhattan grand jury earlier today as to what he knew regarding an alleged $130,000 hush payment to porn star stormy Daniels. Cohen says that Trump reimbursed him for the payment, which was made back in 2016 to protect his presidential campaign. Daniels says she and the former president had an affair after they meant Lake Tahoe back in 2006, Trump has denied that Cohen says he would testify again if necessary. If in fact there's an indictment, then what will happen, of course, is I'm sure I'll come back as a fact witness down the road. Senate minority leader Mitch McConnell has been discharged from a Washington D.C. area hospital after suffering a concussion from a fallout of hotel last week, communications director from McConnell, David props says that the 81 year old McConnell will spend time at an inpatient rehabilitation facility before he heads home, a medical team discovered that McConnell had also suffered a minor rib fracture when he fell. According to an FBI report, Americans lost around $10.3 billion to Internet scams last year. That's the highest amount in the last 5 years. The FBI's bureau of Internet crime complaint center says it fielded more than 2000 complaints per day. The biggest crime were fishing scams followed by data breaches and non payment scams. The FBI says that the healthcare industry was the most heavily targeted industry for ransomware attacks followed by critical critical manufacturing and the government. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries, I'm Dan Schwartzman and this is Bloomberg back to you Michelle. Thank you, Dan. And we teased that big inflation report out Tuesday from Washington just a little bit. We'll talk to our global economics and policy editor Kathleen Hayes in just a
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"This is a special edition of Wall Street week from the World Economic Forum. I'm David Weston. Global Wall Street wasn't just focused on the developed world when it came to Davos. The developing world also got a fair amount of attention. Starting with sub Saharan Africa, which cities Jane Fraser says is very much on her client's mind. A lot of the discussions we're having, particularly interestingly, with a lot of our Middle East and clients, what are they doing about Africa? I think Africa is one that we've all got to keep our mind on because that is where the net growth in the workforce is going to come over the next few decades. If we get it right, it's a wonderful opportunity if we don't, it's going to cause a lot of problems both in Africa as well as in Europe as well as other parts of the world. And so looking at how do we build out transmission networks, greener supply chains there. And the Biden administration echoes what city is hearing from its clients as the United States trade representative Katherine Todd laid out plans to support and engage Africa and described a great opportunity for the world economy there. President Biden hosted the African leaders at a summit in December and Washington D.C.. And I think it came at just the right time. The message that we wanted to send across the board across the administration was that America is ready to partner with Africa to work for Africa with Africa. Entre, we've got our baseline trade program. It's a preference program. It's called the African growth and opportunity act. It is set to be reauthorized in 2025. Now is exactly the right time to be reviewing what performance has been like, how effective has this been in stimulating and fostering development economic development and investment in our partner economies. And then also to start thinking, how do we make this better and more effective? It is very clear from all of the engagements that we had last December in Washington, D.C., including my trip to Nairobi for president Ruto inauguration in September. The future really is Africa. The resources in Africa, whether they are in the ground or that they are the human beings, the people of Africa, the potential is tremendous. If we can, find the way through trade, economics, investment, finance, to unlock the potential of Africa and its people. Africa could be the engine that drives economic growth and prosperity for the next phase of globalization, but it is going to require us to think big and to be creative because the tools that we have so far haven't done what we know we need to do in this next phase. President Biden also just recently traveled to Mexico City for a North American summit meeting with the head of Canada, Mexico, as well as President Biden. There are trade issues pending under the UFC USMCA and other places. Where do those stand? Are they being resolved? What's the timetable? So there is an energy consultation that we are engaged in right now. Both the United States and Canada have requested consultations with Mexico. Those consultations are ongoing. We have certainly gotten Mexico's attention. They know we care deeply about this. Our economies are and have been inextricably linked for many decades now. And we are the kind of partners. We are neighbors, geography is never going to change. We're going to be neighbors forever. So these are really important conversations. They're about energy policy. They're about our vision for a competitive North American future. We are still in consultations. And we are committed to finding a solution here using whatever tools are available, including the ones under the USMCA. The pandemic drove home some of the great disparities between the developing and the developed world. Pfizer chairman and CEO Albert bourla explained how the mRNA vaccine that his company developed with BioNTech was made available for free and how that has led to a much broader initiative. The vaccines particular vaccine, those all countries in the world were offered completely free through a brave movement the government made the U.S. government. They bought 1 billion doses from us at cost, and they offered for free to the world. Unfortunately, they were not able to absorb it. Because there is no demand for those vaccines in, unfortunately, in the poorest of the countries. But nevertheless, that gave us the whole story with COVID. Since it has been even more. So in 9 months ago, here in Davos, we launched in a court where we said the Pfizer will offer all the patent prothetic products, which means the products that genetic manufacturers can not make zip copies. At cost and we say, of course, these manufacturers and send no regulatory, no compliance, no legal, nor administrative no research. We announced not all our patent protected, but all our prevention. This moves there is from 23 products to over 500. Wow. So it's not just so much patent patent protected. We were here when we were given for example, it would give them maybe the most prescribed customer medicine in the world, high technology, but they will say we have also need for antibiotics who have needs for antiparasitics who have needs for anesthetics or basic chemotherapy. And we have them and then we do everything. I'm going to say that sounds wonderful. Absolutely wonderful. It's wonderful. Why did you do it? Because we owe to do it. I don't think it is, there is no reason why the poorest countries in the world right now won't have access to the same medicines that kids in America are in France already. One of the reasons I think Pfizer has been a successful has been because there's been an investment in science, basically. What about larger for the U.S. government and other governments? Are we investing enough in basic R&D? Could that help you? I think we've helped. And I think there is a lot of work happening, particularly in the U.S.. And this is why in the U.S. attracted all the research investments of the private sector. If you see what is going on, even companies
TuneInPOC
"albert bourla" Discussed on TuneInPOC
"Well, Jill, you know, Carol mentioned that we spoke about this in our recording for the weekend show and the point that I brought up is that we hear so much about daily data, cases worldwide hospitalizations worldwide deaths worldwide. Those are the direct effects of COVID, but the indirect effects of COVID. I'm wondering how you measure the indirect effects that you write about in your story. What is the data? What are the data that we need to be paying attention to? Well, so part of the challenge is that because of COVID itself because it's a contagious respiratory illness. The gold standard for data gathering, which is essentially home visits. So going face to face with people. Has largely been suspended. And so a lot of data gathering organizations are relying on things like phone interviews. Well, in many parts of the world, the most powerful person in the household who usually the father is the person who has control of the phone, right? So you may not be reaching the most vulnerable members of that household. You probably aren't reaching adolescent girls. So there are huge gaps in the data. The data that we do have shows a pretty dire picture. I know you're already mentioned this, but it shows an uptick in adolescent pregnancies. And adolescent pregnancy is the number one killer of girls in the developing world of adolescent girl and the developing world. So that's a pretty significant problem. We know that huge numbers of young people have gone hungry. We know that we've seen increased reports of domestic violence and not just partner violence, but no violence in the home. Parents of using children, for example. And we know that many children have not returned to school after they've dropped out. In Kenya, for example, once schools reopened, significantly larger proportions of boys than girls return to the classroom. So a lot of these girls are just lost. And still, because COVID is an ongoing crisis. We don't fully know just how devastating the impacts are. You know, reminder that we talked Tim and I talk about this a lot, Jill, this idea that this pandemic, you really have to think about your community, it's not necessarily those who live next door to you, your neighborhood, or who you work with, but it's also your global community, right? In terms of getting this under control, just got about 40 seconds left here. The responsibility of the developed world in helping out. This is important. It's very important. So one thing the developed world can do is as we're funding COVID recovery to remember that we are all deeply connected. The lesson we really should have learned during a global pandemic. And so making sure that as we are doing a recovery that it is looking beyond our own borders and that we're making sure that we invest in girls and women and the people that have really borne the largest front of this pandemic, not just physically, but also economically and in terms of development. All right, we're going to leave it on that note. Jill, thank you so much. Really an important read and some great reporting. Jill filippovich, she is a Bloomberg businessweek, freelance writer. This story is in the new issue of Bloomberg businessweek magazine. You can get that on newsstands at Bloomberg business week dot com and also of course on the Bloomberg terminal. And again, catch it in our weekend show. Yeah, it's a powerful story. It's a heart wrenching story. Definitely encourage everyone to check it out again. Available at Bloomberg dot com on the Bloomberg terminal and on newsstands. So like we'll be measuring the impact of the pandemic for some time, right? I mean, look at just schools in the U.S.. Exactly. All right, you're listening to Bloomberg radio. Bloomberg daybreak Asia, why get news of Asia that comes from someplace else? Did you see a cohesion point between Beijing and Washington? Week 9 said 6 eastern. Maybe it won't be a negative for markets. On Bloomberg radio. With the Bloomberg small business report, I'm John Tucker, brought to you by indeed dot com. When workers switch jobs, they're netting themselves the best pay rises in almost 20 years. This according to Liz wage tracker data from the Atlanta Federal Reserve. This finding combines with continued record high vacancies in the U.S., it will also add to the belief that the pandemic switched the balance of power in the labor market from employers to employees. The Atlanta fed data adds to evidence that the labor market is tight in the wake of the pandemic. The national federation of independent business survey of small businesses, which has been running since 1974, also showed an all time record 51% of businesses reporting they had a job opening. They could not fill. This has put employers under pressure to raise wages, leading either to higher prices or lower profits. The Atlanta fed data suggests that applicants are holding out for good pay deals and getting them. That's the Bloomberg small business report. He was the heart of your family, and he taught you our history. He helped you fix your first flat. He was the best backyard DJ around, and every time you tell a story, he'd own the room, but now more than ever, he may feel alone. Today, older adults and their loved ones are struggling to connect in a time when connection has never been more important, but there is something we can do, embrace our older loved ones through story core connect with connect, you can honor seniors remotely with an interview about their life. Every interview will be archived at the Library of Congress, becoming part of American history, so that years from now, future generations can listen in. All right, grandpa, what's one piece of advice you have for me? Just three words, sweetheart, live with courage. The man that had the best stories still has plenty of stories to tell. So connect virtually and share the conversation of a lifetime at story core connect dot org slash AARP. Connect, honor, share, story core connect, a message from AARP, StoryCorps and the ad council. The names that drive politics policy and business speak to Bloomberg's David Weston from politicians. Senator Elizabeth Warren Democrat of Massachusetts to the Republican senator Bill haggerty of Tennessee. To CEOs. Welcome now the GE's chairman and CEO Larry culp. Doctor Albert bourla, he's chairman and CEO of Pfizer. The world's top decision makers join David west at Paul romer. He's Nobel laureate and NYU Professor of economics. David Weston. Weekdays at noon eastern on Bloomberg radio. Broadcasting 24 hours a day at Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take. This is Bloomberg radio. Come down to the close, Bloomberg's comprehensive cross platform coverage ahead of the U.S. market close, starts right now. This is the countdown to the close with just 60 minutes left in the trading session. Caroline Hyde remained Boston and Taylor Riggs joined now by our colleagues, Carol Massa, Tim stenbeck. We welcome together a full array of Bloomberg audiences. Whether you be in TV radio YouTube on your hearse and the metaverse, we've got a quick help them to no matter what environment you are surrounded. It is a day that we reflect, of course, with an anniversary upon our hands, but it's a day that we also do what we do here at Bloomberg. Look at the markets that look at them trying to rebound ever so slightly Carol, but not really. No, exactly. But I do feel like we're taking a little bit of a breather. And I think reflection is a great way to describe, and here we are one year after January 6th, the capitol uprisings. If you will. But keep in mind that a lot happened yesterday. Michael baki was with us earlier and saying, you know, what the fed gave us in those minutes, not a lot different from what we heard in the meeting. So it's interesting to see how the market reacted. And maybe we're reassessing that today, too. Okay, so equity is taking a bit of a breather, perhaps save the Russell 2000. You know what's not taking a breather is crypto right now. Bitcoin down 3%, excuse me, 6% in the last three days. I'm still trying to figure out what exactly makes Bitcoin move. I know I'm not alone there. But seeing some wild moves in recent
TuneInPOC
"albert bourla" Discussed on TuneInPOC
"Out what the president did during that 187 minute. What did he know? Who did he speak with? What was he told? And what was his response to some of the suggestions? Now, what the committee has uncovered is that there were several members of his staff, including his daughter, Ivanka, who urged him to make a public statement, and they were apparently several recorded statements that The White House ultimately decided not to release before the statement that actually was released by former president Trump. That's the kind of information that's committee is trying to get. And that's some of the very information that the Trump White House is refusing to turn over and has now taken that case to the Supreme Court. Coming up next, I'll continue this conversation with Robert mince, and we'll talk about Trump's appeal to the Supreme Court. This is Bloomberg. The names that drive politics policy and business speak to Bloomberg's David Weston from politicians, senator Elizabeth Warren, Democrat of Massachusetts, Republican senator Bill haggerty of Tennessee. To CEO. Welcome now that GE's chairman and CEO Larry culp. Doctor Albert bourla, he's chairman and CEO of Pfizer. The world's top decision makers join David west at Paul romer. He's Nobel laureate and NYU Professor of economics. David Weston. Weekdays at noon eastern on Bloomberg radio. For the Jewish communal fund, Barbara novick investment professional and philanthropist. I think JCF has one of the best funds out there. It's very reasonable in its pricing. It's very flexible in its investments. And I give them an a plus for client service. A fund may be opened with a $5000 contribution of cash or appreciated securities and can be used as an alternative to a private foundation at any time you may suggest which charities you would like to support and in what amounts choose from the menu of high rated investment options and your charitable fund can earn tax free income. It's a very client centric organization. They have a very user friendly website, and I find they make my life easier. Let the Jewish communal fund be your personal connection to charitable giving, open a JCF fund now to lock in this year's tax deduction. Call two one two 7 5 two 8 two 7 7 two one two 7 5 two 8 two 7 7 or visit JCF NY dot org. This is a Bloomberg money minute. The mix of COVID sidelining airline workers plus a winter storm working its way through the mid Atlantic, grounded thousands more flights flight aware dot com is now counting more than 8200 bytes canceled since the start of the new year. And the situation could get even worse, according to aviation experts, because of AT&T and Verizon's plans to roll ahead with the rollout of 5G service, come Wednesday. That defies requests from the transportation secretary and the FAA to delay because they say the signals could interfere with aircraft electronics unless the court step in, the service will start and the results could mean at the least more flight delays. On Wall Street, the stock averages burst out of the gate on this first trading day of the new year with records for the Dow and S&P, the Dow up 247 to 36 5 85, the S&P up 30 to 47 97. The NASDAQ up a 188. Joan Dominick Bloomberg radio. What's the true value of your custodial relationship? Ben Harrison of BNY Mellon's Pershing explains. As sophisticated investors demand more from their advisers, advisory firms in turn need to rely on their custodian to help them grow their complex businesses. At BNY Mellon's Pershing, supporting the rapid growth of RIAs is our number one priority. We understand what it means to deliver true value to our clients, who are looking for a custodian that is aligned with their best interests and delivers high value solutions. All in an open architecture environment with flexibility, choice and transparency. Learn why so many of the largest advisory firms turn to us for the financial strength, resiliency, and high touch service that BNY Mellon Pershing provides. When you work with Pershing, we put your business first. Can your custodian say that? Learn more at Pershing dot com or call 804 four 5 four four 6 7. Pershing adviser solutions LLC member finra sip. You see the value in worldwide market news. The push for a global minimum corporate tax rate is still alive and well, and you want it first. To Labor Department has sent an emergency regulation to The White House. So do we, bond yields around the world are tumbling, Bloomberg daybreak. With Karen Moscow and Nathan Hager. Straight ahead your latest local headlines, plus a check of sports. We came at 5 eastern on Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. One 45 over 92. One 80 over one 11. A 182 over a hundred. And I had a heart attack and a cardiac arrest. And then a stroke. Your blood pressure numbers could change your life. A lot of people don't understand, including myself, I didn't, now I do. The impact of having a show. My memory is shot. When I woke up, I couldn't speak. Lowering your high blood pressure could save you from a heart attack or stroke. If you've stopped your treatment plan, restart it, or talk to your doctor about creating one that works better for you. Start taking the right steps at manage your BP dot org. I sent her life. But I want to make it better. I'll come back. Ask your doctor, check your blood pressure. Brought to you by the American Heart Association American medical association and the ad council. Seeing through the eyes of experts gives you a better view. So let's talk about the paint trade. And at Bloomberg, our market vision is 2020. I am shocked by the moves that we're seeing in the rights market. Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Business, finance, and the latest news evicting world markets, powered by more than 2700 journalists and analysts in over a 120 countries. This is Bloomberg radio. Now, a global news update coronavirus hospitalization numbers are hitting a number not seen in months on Monday, the U.S. department of human services reported over a 103,000 people nationwide are hospitalized with the respiratory illness. It's the first time the number has been in 6 figures since last September. The number of coronavirus related hospitalizations is now higher than last winter's peak surge in New York State, governor Kathy okl says more than 9500 people are in the hospital related to COVID statewide the first time the number has been that high since very early in the pandemic. This is not that way we saw last year, this is straight up. I'd love to see it come straight down. Former theranos founder and CEO Elizabeth Holmes is being found guilty on four of 11 charges she faced. The jury convicted homes on three counts of wire fraud and one count of conspiracy to commit wire fraud. She was accused of intentionally lying to investors doctors and patients about her company's blood testing capabilities. I'm Brian shook. This is Bloomberg law with June gross from Bloomberg radio. The chair and vice chair of the House committee investigating the assault on the capitol on January 6th say the committee is learning more about what transpired The White House during the 187 minutes from the start of the siege to former president Trump's eventual suggestion that his supporters leave the capital. I've been talking to former federal prosecutor Robert mintz, a partner mccarter in English. Another thing the committee is trying to do, apparently, is trace the funding of the rally, how the organizers and the vendors were paid, what was happening in that war room. So what did that lead to? If it's found that some members of Congress or perhaps the former president, were involved in funding of
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"Global news update. Tropical storm Ian is rapidly strengthening as it nears Florida's Gulf Coast. That's according to the national hurricane center, which says Ian had maximum sustained winds of 60 miles an hour Sunday, all of Florida is under a state of emergency as the storm is expected to become a hurricane on Monday in a major hurricane on Tuesday. It could reach the state later in the week, governor Ron DeSantis urged residents to prepare for power outages, fuel disruptions, and even evacuations. Congressman Adam Schiff says former president Trump's latest comments on declassifying sensitive documents prove he's more dangerous than previously thought. People work hard to get that information people put their lives at risk to get that information and for him to treat it so cavalierly shows how very little regard he has for anything but himself. Appearing on CNN State of the Union, the California Democrats said a sitting president can't declassify anything by simply saying or thinking about it. He cited Trump's recent claims on Fox News, shift didn't hold back, saying those comments didn't demonstrate intelligence of any kind. A top official at the Federal Reserve is upbeat about the outlook for the nation's economy. We're still creating lots of jobs on a monthly basis. And so I actually think that there is some ability for the economy to absorb our actions and slow in a relatively orderly way. Appearing on CBS's face the nation Atlanta fed president Raphael bostic noted that the Central Bank's rate hikes are slowing demand, which should help bring down prices for consumers. He avoided the word recession by stating that the U.S. is still seeing job growth. Bostic went on to say if there were job losses in the future, they would be less significant than the country is already weathered in the past. He added that the U.S. should not lose sight of its economic momentum. Marijuana will be on the ballot in Arkansas in November's elections, the state Supreme Court on Thursday ruled that voters can voice their opinion on recreational use of the drug on November 8th justices overturned a decision by state lawmakers to exclude marijuana, Arkansas will be one of the many states giving voters the chance to express their opinion on the issue in the fall. I'm Chris Karachi. COVID-19 strikes the CEO of Pfizer again. This is the second time in two months that Albert bourla has contracted the virus in a release he wrote that he symptom free, but hasn't received the new COVID booster as he was following CDC guidelines, which recommend people delay their vaccine until three months after having the disease. SpaceX's launch of a new batch of satellites is the success of falcon 9 rocket carrying Starlink technology, lifted off from cape canaveral on Saturday carrying more than 50 Starlink Internet satellites it marked SpaceX's 62nd launch as part of its goal to provide affordable Internet across the globe. Netflix's a setting the release date for Tim Burton's upcoming Adams family spin off series, Michael kessner reports. I do like stabbing. Wednesday will release all of its episodes on November 23rd, the series stars Jenna Ortega as Wednesday Adams as well as Catherine Zeta-Jones morticia Adams and Louise Guzman as Gomez Adams. It'll follow Wednesday as she attends high school at nevermore academy as she attempts to master her psychic powers she'll also try to solve a Supernatural mystery that impacted her family over 25 years prior. I'm Michael kassner. Sir Elton John is the recipient of yet another award NBC's Josh leaderman has the story. He has 5 Grammys two Oscars in a Tony. But for Elton John, this one was special. I think we surprised him. President Biden bestowing the national humanities medal on a musical legend. The British music icon received
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"First Lady, I'm never flabbergasted, but I'm flabbergasted. And humbled and honored by this incredible award from the United States of America. The event was held to celebrate what they call the unifying and healing power of music and the life and work of Elton John. I'm Scott Carr. The CEO of Pfizer has tested positive for COVID-19 again, the second time at two months at Albert bourla has contracted the virus in a release, he writes that he's symptom free, but has not received the new COVID booster as he was following CDC guidelines, which recommend people delay their vaccine until three months after having the disease. The U.S. is still seeing roughly 53,000 new cases and 350 COVID related deaths every day. Members of New York State police as well as New Jersey are on the ground and Puerto Rico this morning, helping out with recovery efforts after hurricane Fiona caused extensive damage in the region. We get more from Jonathan o'halloran. On Saturday morning, 69 New Jersey state troopers joined 50 New York State police officers to board a flight from JFK to San Juan on a flight donated by jet blue airlines. The group of a 119 of the tri state area's finest will primarily be providing humanitarian aid on the island. For many of these officers, it is not their first trip to the U.S. territory after both states provided police aid four years ago after hurricane Maria. Hurricane Fiona devastated Puerto Rico on September 18th as power outages in many parts of the island to continue. Republican congresswoman from Wyoming Liz Cheney continues to oppose the further political career of former president Donald Trump at an event in Texas, she said Saturday she won't be able to remain a Republican if Trump were to secure the GOP presidential nomination in 2024. I'm going to make sure Donald Trump rejected that can't make sure he's not the nominee. And if he is a nominee, I won't be a Republican. Channing serves as vice chair of the U.S. House select committee on the January 6th attack, which has presented evidence showing the attack was perpetrated by a mob of supporters of then president Trump, who had lost the 2020 presidential election, but refused to concede, making false and disproven claims of voter fraud. Netflix had announced several new releases at a global fan event Saturday the streaming service showed fans clipped from upcoming new movies like glass onion, a knives out mystery, and Jennifer Lopez's upcoming movie the mother. I'm Scott Connor. And I'm susannah Palmer in the Bloomberg newsroom. Read Putin more often and carefully. That was the advice from Russian foreign minister Sergei Lavrov in response to reporters questions at the UN General Assembly on what's next in Russia's invasion of Ukraine. He was directing questioners to Putin's speeches for guidance, Lavrov gave no new indications on whether Russia may use nuclear weapons to defend the occupied parts of Ukraine that it is moving to nx. Italy holds its general election today. Georgia meloni leader of the far right brothers of Italy is expected to win, which would make her the nation's first ever female prime minister. Metallica and Mariah Carey on Saturday led an a list of musicians and president Joe Biden made a surprise video appearance at the global citizen festival. Marking its tenth year, the 6 hour festival brought thousands to Central Park, global citizen awards tickets to fans in exchange for their commitment to take action to eradicate extreme poverty and a coincides with the UN General Assembly in hopes of raising pressure on world leaders. New York City is preparing for its first ever sale of bonds, explicitly earmarked to tackle social issues. We hear more from Bloomberg's Larry Kafka. At $1.4 billion bond sale planned for next month includes $400 million to address the city's deepening housing crisis. The mayor's office says the proceeds are expected to finance more than 3000 affordable housing units. The remaining $950 million will be used for general capital purposes. Bloomberg's the Larry kofsky. Today is the
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"President Biden is approving Florida's emergency declaration as the state braces for tropical storm Ian on Saturday The White House said Biden ordered federal assistance to supplement local response efforts. The action authorizes the Department of Homeland Security and fema to coordinate all disaster relief efforts forecaster say Ian could strengthen to a category four hurricane and approach the Florida Gulf Coast in the coming days, so NASA is postponing Tuesday's schedule launch of its Artemis one mission. NASA is also preparing to move the huge SLS rocket from the launch pad to a vehicle assembly building until the bad weather passes. Ukrainian president zelensky is offering guaranteed protections to Russian soldiers who surrender in an address on Saturday. He said he would guarantee Russian soldiers would be treated civilly the circumstances of their surrender would remain undisclosed and anyone who didn't want to return to Russia would not be forced to. The announcement comes just days after Russian president Putin announced he was calling 300,000 reservists to replenish his army that announcement led to nationwide protests and flights out of Russia sold out almost immediately as people fled. The CEO of Pfizer has tested positive for COVID-19 again. This is the second time in two months that Albert bourla has contracted the virus in a release borla wrote that he symptom free, but has not received a new COVID booster as he was following CDC guidelines, which recommend people delay their vaccine until three months after having the disease. A Michigan radio host is dead and his family is in critical condition after a house guest went on a brutal rampage. Jim Matthews his girlfriend and two children allegedly invited the neighbor across the street over to their home, police aren't sure what happened next, but Matthew's girlfriend and 5 year old daughter ran out of the back of the house to flag down help some time later. His girlfriend had been stabbed multiple times and the daughter was injured. Matthews was found dead inside and his ten year old son was badly hurt. The attacker was found in the basement with self inflicting wounds, but police were able to save his life and are waiting to question him. I'm Chris coraggio. A New York judge says Rudy Giuliani is in contempt of court and could be arrested if he doesn't make a payment to his ex-wife, Judith Giuliani says the 78 year old former mayor owes her $225,000. He says he only owes her about 50,000. The judge gave Giuliani until October 7th to pay up or he could be arrested. Better than I ever did. Looking like a true survivor feeling like a little kid. I still stand out sir Elton John says he's really emotional about being presented the national humanities medal by President Biden, the British music icon received the award after performing on the south lawn of The White House Friday. John teared up as Biden placed the medal around his neck saying he's flabbergasted and humbled and honored. He added America's kindness to me as a musician is second to none, but in the war against aids and HIV, it's even bigger. Friday's event celebrated the unifying and healing power of music and life and work of Elton John, who performed at The White House for the first time since 1998. A new online game challenges how much New Yorkers know about real estate, Liz Warner reports. The new game is called lord of the rent, and it's similar to the sweeping phenomenon whirl, but instead of letters, players guess apartment prices in New York City. They're given multiple clues about an apartment's features like location, number of bedrooms, baths, and other amenities, and they must guess what it costs to rent. People who guess a wrong number are told just how far off the mark they were as a percentage. Depending upon what's accuracy, players are either congratulated, or they get a snarky quip about their real estate acumen. Liz Warner reporting, Albert Pujols is the newest member of baseball's 700 home run club. He hit the milestone home run in Los Angeles against the Dodgers, joining Barry Bonds Hank Aaron and Babe Ruth as the only players to reach 700. He is 699 phone run earlier in the game with the milestone blast coming in his next at bat. Pujols plans to retire at the end of the season. I'm
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"Is Bloomberg radio A bipartisan group of U.S. senators is now in Poland the group is set to meet with the U.S. ambassador to Poland as well as U.S. troops from the 82nd airborne division The senators on the trip include rob Portman of Ohio Mississippi's roger wicker Minnesota's Amy Klobuchar and Richard blumenthal of Connecticut Wicker's office says the delegation is planning to affirm the United States commitment to Poland and Ukraine amid Russia's invasion CNN reports the group will also visit the Ukraine border on Sunday 6 West Point cadets are recovering after overdosing on cocaine laced with fentanyl while on spring break in Wilton manors Florida all 6 were hospitalized on Thursday following the incident One cadet has been released while two are in critical condition and on ventilators police have arrested 21 year old axel Giovanni cassius for cocaine trafficking in connection to the incident Pfizer says it will submit data on a fourth COVID vaccine shot soon CEO Albert bourla told CNBC It's also working on a vaccine that targets all variants including omicron Said they will submit the data on the need for a fourth shot to the FDA and they will have to make their own conclusions The parents of Gabby petito were seeking justice for their late daughter by suing the parents of her fiance and killer Brian laundrie reports say that potato family claims Chris and Roberta laundrie knew their son murdered Gabby and were trying to help him leave the country The suit filed by petito's parents says Brian used Gabby's phone to send her family text messages to make it seem like she was still alive three days after she was murdered Petito's family says they suffered emotional distress and are asking for an unknown amount in damages Uber customers are going to be paying extra to cover costs at the pump beginning Wednesday riders will be charged an extra 45 to 55 cents per trip and an additional 35 to 45 cents for Uber eats the ride share service says the surcharges will be here to stay for at least the next couple of months All surcharges will go to drivers in Uber's attempt to soften the burden for.
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"And after 12 days of Russian military frustration Vladimir Putin's response is to intensify the bombardment of cave Let's get to it better in San Francisco edge Yeah exactly right Juliet there are a few reports of isolated fighting inside the city But for the most part Russian troops are stalled about 30 miles outside of Kyiv Now top U.S. intelligence in from the House intelligence committee today saying that Putin is getting frustrated CIA director William burns says Putin expected to seize the capital in two days before it all stalled His own military's performance has been largely ineffective instead of seizing Kyiv within the first two days of the campaign which is what his plan was premise upon After nearly two weeks they still have not been able to fully encircle the city Now he says will cause Putin to be even more aggressive I think Putin is angry and frustrated right now He's likely to double down and try to grind down the Ukrainian military with no regard for civilian casualties and he says finding a way out for him to be very very difficult He has no sustainable political endgame in the face of what is going to continue to be fierce resistance from Ukrainians Burns says he'll have to be worn down by Ukrainian people and by the international community unity Former U.S. delegate to NATO Kay Bailey Hutchinson on Bloomberg's balance of power to this day today says if he tries to go forward and push us toward NATO showing Putin that we are going to do that then I think perhaps he will not have the capability to go into another non NATO country and he most certainly would be foolish to go into a NATO country because then it will be all out war And she says now to Putin's been very strategic up to now and attacking non NATO nations German Chancellor Olaf scholz has issued a statement saying that he held a one hour conference call with French president Emmanuel Macron and Chinese president Xi Jinping and that all agreed diplomacy as a road to solving the war in Ukraine And let me say I wanted to get in this Pfizer will soon submit data to a U.S. regulators on a fourth dose of the vaccine and CEO Albert bourla on Bloomberg balance of power says as very well as a variant vaccine itself You need to wait until you see the full set of the data But we are trying to bring something that it is a new version that will cover equally well The old and the new variants all variants pan variants And he says all the data is not in and the WHO has now changed course And well now says COVID boosters are needed This reverses its previous call In San Francisco I'm at Baxter This is Bloomberg Brian Thanks very much Ed The time 38 minutes past the hour let's get to global sports.
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"Handling of the Russian Ukraine conflict This president has made so many concessions with nothing in return That's why Putin smells weakness Appearing on CBS's face the nation the top Republican on the House foreign affairs committee noted the waving of sanctions on the Nord stream two pipeline in Europe as one of Biden's many concessions to Moscow McCall also strongly disagreed with Secretary of State Antony Blinken strategy of waiting to impose sanctions as a means of deterrence A sea of blue today as NYPD officers line the streets of Manhattan for the dignified transfer of the body of fallen officer Jason Rivera a police motorcycle escort led the procession to the Riverdale funeral home in the inwood neighborhood Rivera's funeral is scheduled for Friday morning at Saint Patrick's cathedral The CEO of Pfizer says COVID-19 will not be eradicated Speaking to Israeli news this weekend Pfizer chief Albert bourla said we should be able to come to normal lives however in a few months He added their will continue to be anomalies such as the a Macron variant but believes variants will be controllable through vaccines That's the latest I'm Dina kodiak And I'm Susanna Palmer in the Bloomberg news room Wall Street is looking ahead to this week's fed meeting David Kelly chief global strategist at JPMorgan asset management says he doesn't think this meeting will bring word of higher interest rates I think they will point out that there is significant disruption to the U.S. economy in January because of the overcome variant and we still have a lot of uncertainty with regard to physical policy So I think they have a pass for not making a decision But he says interest rates are headed higher later this year The fed just has to be careful not to slow the economy too much Economists say U.S. economic growth improved in the closing months of 2021 We get more about that from Bloomberg's vinya dealt you dice Forecast for C fourth quarter GDP doubling to a 5% pace give or take led by holiday shopping Inventories provided a boost too is businesses work to overcome pandemic related supply shortages Inflation figures tied to the GDP report will probably echo price search as seen in other recent data Any doubt Judas Bloomberg radio Activist hedge fund trian partners has built a stake in Unilever that according to the Financial Times Unilever shares recorded their worst weekly loss since the peak of the pandemic sell off on March of 2020 after it confirmed back on January 16th that it offered $68 billion for the healthcare unit GlaxoSmithKline rejected the bid as being too low Bitcoin is lower again today but it seems to be holding around the $35,000 Mark newly elected mayor Eric Adams plans to convert his first paycheck this week into two cryptocurrencies which he has been hyping as a potential economic engine for New York City Adam's first salary payment will be deposited in coinbase in online platform used for buying cryptocurrency and then converted into Ethereum and Bitcoin Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I am Susanna Palmer This is Bloomberg.
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"The stock right now in Australia is down about 1.8% even so the overall market pushing higher with the ASX 200 up just about a tenth of 1% We'll take another look at markets in 15 minutes Let's get caught up on global news next dead Baxter is in the Bloomberg 9 60 newsroom in San Francisco Ed All right thank you very much Doug China's president Xi Jinping at the World Economic Forum is warning of a new Cold War She says confrontation will lead to a dead end This now is the Biden administration reviews it's China's strategy China's announced tickets to the Winter Olympics will no longer be sold to the general public if on man Bloomberg news will have more force at the bottom of the hour IOC says the athletes will be in a bubble though Tokyo's government will seek stricter COVID-19 measures in the capital and its three surrounding prefectures as a new wave of infection starts to fill hospital beds Hong Kong's COVID zero strategy gets another blow as a woman has tested positive with a delta variant Pfizer CEO Albert bourla has told French paper le figaro that life by spring should be able to resume to normal says the globe will have the tools it needs to fight COVID doctor Anthony Fauci today as saying it is too early to talk heard immunity and the international Red Cross has made it to Tonga but says it's too early to say how many people are in danger says could be 80,000 will have more details on that at the bottom of the hour In San Francisco I'm at Baxter This is Bloomberg rich All right thank you very much indeed for that Let's get back to our guest with a half hour later on if she's chairman at Dalton investments getting her markets outlook So please do this sort of nicely to how your market strategy is actually evolving and perhaps I'll make her on May well be actually perhaps weighing on that new shift you may well have had or and give it a sense of how earnings are going to play into what you are deciding to actually invest in given what a stellar earnings season earnings seasons We had in 2021 Sure Earnings are very strong and they're very strong for many reasons but one of the big reasons is that consumers actually have a lot of money to spend both because they couldn't spend it on services during lockdowns and also because in the U.S. at least in many other countries the government wrote big checks to help with the problems caused by unemployment due to the pandemic And so earnings we believe will continue to be strong The impact of on the ground however is to create more uncertainty So we will all hoping that perhaps 2022 would start out with a certain path towards more normal social interaction and business environment But everything's unclear now So omahan essentially has put more uncertainty into an already uncertain environment coming in from last year with the U.S. China tension still very much in play And with each individual country's problems And then on top of all that inflation So it's all very well interest rate low inflation is not a threat but it is now and it has to be faced And getting back to earnings JPMorgan felt that earnings would lift some of the gloom that we have But I wanted to approach it with the point that you finished on which is inflation and also point that you made earlier that businesses are flush with cash It seems like people also households seem to have have money In a sense does that protect you a little bit against inflation and that companies don't really need to borrow or tap credit markets as much this year as they perhaps did last I think that's true We focus on Asia which is where we think that the opportunities are And with the cash that's on corporate balance sheets in particular that's a huge opportunity for share buybacks particularly in countries which are not suffering from very elevated valuations as in the U.S. LinkedIn or in parts of Europe But in Japan for instance where the markets are really reasonably priced And where the corporations are absolutely flush with cash So we're looking forward to a season coming up this year when we're expecting more announcements of share buybacks and more sort of unsolicited bids on companies from other companies Japan is an example there but the thing is that this is a country which has seen a lot of its corporates get into the act and quite belatedly you could argue of share buybacks and that's something that CNSA at the moment is saying is going to be driving their share prices in 2022 So I guess you have to look at those companies which are flush with cash and perhaps don't have an imperative to do that much CAPEX That's right There's we think there are very attractive opportunities in Japan and we see something like 50% growth last year already in the number of corporate actions that help with share company evaluation And we expect more coming up I mean as an example if you look at the topics about half of the topics companies trade below book which is extraordinary when you think about it that's something you might associate with companies that are not doing well but these are companies that are growing and very profitable To us there's an enormous opportunity in Japan I saw this line yesterday I didn't get a chance to mention it on air I don't think more than a third of the stocks in the NASDAQ are down at least 50% from their 52 week eyes Is their value there I think so It's not an area that we are active in because we focus on Asia more than 90% of our assets are invested in Asia But what you're alluding to is diffusion which is that while the index looks very strong the performance among individual companies is extremely different very divergent We see that in the U.S. as well as abroad.
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on the Bloomberg S&P futures down to ten points this morning down future is down 69 and NASDAQ futures down 36 the decks in Germany is little change Paris up about two tenths of a percent and the FTSE 100 is little changed Ten year treasury up 6 30 seconds yield 1.49% They yield on the two year .67% Oil is down a quarter percent or 18 cents at $72 18 cents a barrel Covax gold down a tenth of a percent or $2 20 cents at 1783 30 an ounce The Euro 1.1318 against the dollar the yen one 13 .56 Nathan Karen will have more on the markets in a minute But first more details emerging on the omicron variant a new study out of Asia is raising fresh fears about the new strain Let's get the latest live from Bloomberg's ready to young Good morning Good morning Nathan the omicron variant is about four times more transmissible in its early stage than delta That's according to a study by a Japanese scientist who advises the country's health ministry and it's a finding likely to confirm fears about the strains contagiousness Concerns are building that omicron could deal the world a bigger blow than delta The World Health Organization cautions that could fuel surges with severe consequences But a rise in cases in South Africa in the wake of the latest variant has not yet overwhelmed hospitals That's leading to some optimism that it may only cause mild illness mostly live in New York I'm ready to young Bloomberg day break Ready to thank you about the World Health Organization says the omicron variant may change the course of the pandemic The director general of the WHO is calling on countries to vaccinate as fast as possible and keep protective measures in place This virus is changing but our collective resolve must not Certain features of our mikron including its global spread and large number of mutations it could have a major impact on the course of the pandemic The director general of the WHO says there's still time to prevent the only crime variant from becoming a global crisis the strain is now spread to 57 countries While Pfizer is weighing in on vaccine efficacy when it comes to a crime Karen CEO Albert bourla is touting a third dose of Pfizer shot to combat the strain What I think the data is telling us it is the basically Three doses of Pfizer BioNTech vaccine would provide for homemaker the same protection like the first two doses provided for the initial strength Pfizer CEO Albert voila spoke with David Weston on Bloomberg's balance of power He expects more data on Pfizer's vaccine and the omicron variant before years end While Nathan we are starting to see Amy Kron have an impact in the office Jeffrey's financial group is asking staffers to work from home after seeing a rise in COVID cases among its workforce We get that story from Bloomberg's Charlie pellet According to a memo from CEO rich handler employees should consider working remotely for the rest of the month The moves come after the company has experienced nearly 40 new cases of COVID since the start of the month Jeffries have been operating at 60% attendance globally in recent weeks The firm is also reimposing a mask mandate in all of its offices at all social events and entertainment will be canceled until at least January 3rd In New York Charlie palette Bloomberg daybreak All right Charlie thanks Turning to Britain now prime minister Boris Johnson is turning to a so called plan B it's his latest effort to once again tackle the pandemic Let's go live to London and get the latest from Bloomberg's UN pots Good morning Ewan Good morning Nathan and Karen It's the plan the British government was hoping not to implement just 16 days ahead of Christmas rapidly rising cases of the convert have forced the hand of prime minister Boris Johnson from tomorrow mask where we compulsory in most public indoor venues including theaters and cinemas and from Monday people in England are being asked to work from home yet again Live in London I'm your impot to spend my day break All right you and thank you while we turn to the markets now and it was an upbeat session in the Asia Pacific overnight Most stocks rose as traders boost bets that the global recovery will be resilient To get the recount from Bloomberg's Juliet Sally and Sydney Good morning Juliet Good morning Karen the MSCI Asia Pacific index advanced for a third day led by equities in Hong Kong and China where policymakers have been endeavoring to shore up the economy The benchmark CSI 300 took its three day advance to more than 4% That's the best three day gain since February China's Central Bank meanwhile said its reference rate for the yuan at a weaker than expected level against the dollar signaling its discomfort with the currency's recent rally after it hit a three year high In Sydney Juliet Saleh Bloomberg daybreak All right Julian thanks And another note out of Asia China ever grand group has defaulted on dollar debt for the first time It marks the beginning of the end for the real estate empire whose liquidity crisis has shaken China's credit markets it also opposes the biggest challenge yet to Beijing's efforts to prevent a debt crisis in the property sector from sparking broader contagion Back here in the U.S. Nathan a key vote today could have a major impact on Starbucks a growing effort to unionize Starbucks stores is facing its first major test The national labor relations board counts ballots today from union elections held at three stores in the Buffalo New York area If workers vote to unionize they could become the first union represented Starbucks stores in the company's 50 year history By looking ahead to the market open this morning Karen S&P futures are down 12 points now Dow futures down 94 NASDAQ futures down 49 The ten year treasury is up 6 30 seconds the yield 1.49% yield on the two year .67 nymex crude down a half percent at 72 O one of barrel and the Euro is at 1.1320 against the dollar straight ahead Your latest local headlines and a check of sports this.
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"Iran says reports of a large explosion over the town of Natanz were actually part of a defense drill According to state television air defense units fired a missile to test its rapid reaction force earlier several news agencies reported a large blast above the town of Natanz which is home to several nuclear development sites An Iranian military spokesman called it an unannounced exercise and no reason for concern President Biden is vowing to fight the new COVID variant with science and speed Stricter travel rules are set to take effect Monday which include a shortened testing window for flights into the country The parents of the accused Michigan school shooter are pleading not guilty to all four counts of involuntary manslaughter against them James and Jennifer crumbly were arraigned in a Pontiac courtroom this morning just hours after being taken into custody in Detroit Police say the crumblies bought the gun their 15 year old son used to kill four classmates and wound 7 others in the mass shooting at the Detroit area high school That's the latest I'm Julie Ryan You're listening to balancing power with David Weston on Bloomberg radio Pfizer CEO Albert bourla says the drugmaker will know within weeks if it's vaccine is effective against the omicron variant of COVID-19 We spoke with him earlier this week as the world just started to get a handle on the new variant All we can definitely has the characteristics to create us concern for many reasons But also we have been preparing for a moment like that for months right now And I feel comfortable that the playbook will work So what is the playbook Why is this to understand more about this virus The second of course we're big Protect against infections And the third is to treat let's take it to one or to the other to understand I think there are a few things that are not very clear getting fun One it is the clinical manifestation of this new virus Is it creating more severe disease or not Is it transmitted easier or not Is it going to younger or older people Or at least I think that as we see clinical cases coming out and the numbers are getting bigger that's something that we would know in a few weeks The second is does this virus has this variant as the ability to escape the protection of our vaccine I think that that's something that we would know in a couple.
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"Business app This is Bloomberg radio Now a global news update The parents of the accused Michigan school shooter are pleading not guilty to all charges against them James and Jennifer crumbly entered the pleas in a Pontiac courtroom this morning just hours after being taken into custody in Detroit Prosecutors say the crumbly purchase the gun their 15 year old son used to kill four classmates and won 7 others in this week's shooting at Oxford high school They're each charged with four counts of involuntary manslaughter Bail has been set at $500,000 cash for each defendant The CDC director says COVID-19 is likely to become an endemic disease in the U.S. and around the world Brian shook reports Doctor Rachel walensky said 99% of the coronavirus cases in the country are the delta variant but they're keeping a close eye on the Akron variant as well Walensky noted the risks with COVID are still much more extreme if a person is unvaccinated She added it's her duty to get as many people around the country vaccinated as possible to limit the damage caused by the virus I'm Bryan shook Pfizer's top executive is hoping to have COVID-19 vaccine data for children under 5 by the end of the year CEO Albert bourla says his company is doing a study in children ages 6 months to two years and another of children two years to 5 years old President Biden says his national security team is crafting a series of comprehensive initiatives aimed at discouraging Russia from invading Ukraine He spoke with reporters at The White House Constant contact with our allies in Europe with Ukraine Secretary of State Anthony blinken has warned Russia severe consequences if it initiates military action against Ukraine blinken met with his Russian counterpart in Sweden this week And north Texas police officer is dead following a shooting Mesquite police chief David gill called the officer's death a senseless act of violence saying he'd been on the job for over two decades The shooting happened Friday in a parking lot I'm Brad Siegel There could be many years without snow in the western United States If climate change doesn't slow down Matt mattson explains That's the conclusion of a new study published in nature reviews earth and environment It also says the states out west could go without snow if action isn't taken to curb greenhouse gas emissions going back to the 1950s the western U.S. has lost 20% of its snowpack Snow cover across the country stands at just 6% I'm Matt mattson Pennsylvania's awarding a $6.6 million grant to the tree of life synagogue in Pittsburgh the funds will help to rebuild the congregation which was the site of the deadliest anti semitic attack in U.S. history 11 people were killed 6 others were injured when a gunman opened fire there in October of 2018 A new Gallup poll finds.
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"Only cron variant of COVID-19 continues to spread and questions are being raised now about the effectiveness of current vaccines against this new strain Now we're hearing directly from the vaccine makers Moderna says several mutations in the ob acron variant could potentially evade its current shot Bloomberg exem Lee Chang got the details from Moderna cofounder nubar Faye and let's hear what he had to say I definitely think that this threat is something that we have not seen before The number of variations mutations on this virus are surprising they're not theoretically impossible but extremely rare And so we have to take it on a serious threat that it poses Now we have a lot better weapons to fight back against it than we did 18 months ago But that I think that again worrying we only should be worried when we're under attack I think it's what we do about it that matters What's the fastest possible timeline that an omicron a Moderna omikron booster could be available Availability to the public is a function of regulatory approval on the emergency use And that will be largely determined by the FDA which I'm sure will look at the data the facts on the ground the level of threat and decide how much additional data need for this sequence variant to be able to allow it to be more broadly available I can't speculate on that I think the piece of it that we control we've said the CEO said we think we are in a position to do based on the ten years apart from development we've done already with mRNA and mRNA vaccines I think we're in the ideal position to respond within the kind of 60 day time frame That's Moderna cofounder newborn fan speaking with Bloomberg's Emily Chang about the Omni crown variant Now let's get the view from Pfizer CEO Albert bourla sat down for an interview with Bloomberg's David Weston They discussed concerns about omikron evading Pfizer's vaccine and the effectiveness of the company's COVID pill when it comes to this new strain Let's listen in I think there are a few things that are not very clear getting along What is the clinical manifestation of this environment Is it creating more severe disease or not Is it transmitted easier or not Is it going to younger or older people All of these are things that as we see clinical cases coming out and the numbers are getting bigger that's something that we would know in a few weeks The second piece does this virus has this variant as the ability to escape the protection of.
Bloomberg Radio New York
"albert bourla" Discussed on Bloomberg Radio New York
"And we are seeing several Asian nations changing their trouble plan agendas it backs to has all the global news edge All right thank you very much Julia you're right Japan is efficient It will close its borders to new foreign arrivals from today and to have its own citizens isolate on arrival from countries where oma cron is detected The entry band does not apply to foreigners already residing in the country Hong Kong has expanded its travel ban to Angola Ethiopia Nigeria and zombie from today also tightening travel restrictions for visitors from Belgium and Germany and effective Thursday and non Hong Kong residents have stayed in these countries will have the last 21 days will not be allowed to enter Hong Kong Australia postponing plans to relax border restrictions this by at least two weeks This New South Wales reporting over the weekend that two travelers from South Africa to Sydney were infected by omicron asymptomatic another two yesterday So the delay until December 15th to give authorities they say time to gather more information to better understand the variant In the U.S. president Joe Biden this variant is a cause for concern not a cause for panic and says travel bans are not punishment but by time The reason for their media travel ban is there were a significant number of cases on like any other country to other few around South Africa in the world We needed time to give people an opportunity to say get that vaccination now before it has a move around the world That is encouraging all Americans to wear masks indoors again As for vaccination doctor adalja at the Johns Hopkins Bloomberg health says mRNA vaccines at this point are affected If people don't want to take the vaccine if people actively shun this great piece of technology that approves their lives it's going to be very difficult Indeed it's not surprising to me that this variant was discovered in a place where vaccination rates are 25% And that is a case of the epicenter in South Africa The CEO of Pfizer Albert bourla on Bloomberg says a very it can be contained We have been preparing for a moment like that for months right now And I feel comfortable that the playbook will work So what is the playbook Why did this understand more about this virus The second of course we're big Protect And he says if the vaccines need to be tweaked can be done in 100 days or less The reports so far are that oma karon is apparently far more transmissible but symptoms appear to be mild so far the fear without vaccinations more people who are infected allow the virus to mutate In San Francisco I met Baxter this is Bloomberg our brain All right thank you very much The time is 8 minutes past the hour Let's get to our guest It's Thomas Hayes chairman of great hill capital with this for a great discussion So Thomas before this coronavirus new variant on the hit inflation was really the sort of front burner issue for investors Let's talk a little bit about inflation This omicron do you think it makes inflation worse Because of additional bottlenecks in supply chains or better because business was slow and retailers will have to cut prices to generate business Well you don't want business to slow Brian That would be a big problem if you started to see factory shutdowns in Vietnam and the reemergence of the supply chain bottlenecks that are now started to get work through You have the two components You have the supply chain that we're hopeful is temporary and we're hopeful that this will be another variant that is just another blip that will power through But then you have wages which were happening before omicron and that are sticky So we are going to have above trend inflation But that's not necessarily a bad thing I do think these supply chain bottlenecks and omicron will work through that over the next three to 6 to 9 months That part will stop going up but wages are going to remain elevated and give us above trend inflation for some time And that's apparent in 5 year break evens The very nature of a pandemic is that the virus mutates and we see new variants Why has there been such a reaction to this You know that's a great question Juliet we came into the bad news on Friday morning here in the U.S. The market was a little bit overbought a little bit frothy but you also saw among retail investors cash holdings fell to 46% of margin balances That was the lowest reading back to 1997 So I think what you saw on Friday is a ton of retail what they call stop loss orders were taken out during the shortened trading session and the vix hit 28 which over the past 6 months has been the level where the market bottomed and bounced multiple times So I think it was just a positioning and a surprise news and a lot of professionals were not at their desks on Friday Yeah That might be true I'd like to say you're right but I think policymakers politicians are overreacting Well I don't know if they're overreacting They are reacting very strongly just like the markets reacted very strongly So it's not just a market story Let's hope that we know so much more in a week or two that we can make the right policy Bloomberg economics is actually predicting a doubling of the pace of tapering for the fed at the December meeting even with the omicron variant I'm curious and that could allow for rights to go up as soon as March I'm curious whether you think that's urgent and needed Well we have Thomas Hayes with us but we might have lost him for a moment there Let's see if we can get.
KIRO Radio 97.3 FM
"albert bourla" Discussed on KIRO Radio 97.3 FM
"Center streaming on the Cairo radio at the White House, says the pace of evacuations is picking up in Afghanistan. The flights are continuing. Hour by hour as we speak, she no security advisor Jake Sullivan says. Some 37,000 people have been airlifted out of Kabul since the city fell into the Taliban, CBS Gather Henry has more from the White House, The Pentagon confirmed the military is making limited trips into the city to transport citizens back to the airport to be evacuated. We are going out as needed. Helping Americans get into the field. The U. S and its allies evacuated more than 16,000 refugees in the last 24 hours, headed to overcrowded processing centers in the Middle East. The government called in private airlines to help move the evacuees on two new centers around Europe. We are running biometric and biographic background checks on Afghan evacuees before bringing them to the United States. Skylar Henry CBS News the White House The deadline to withdraw American troops from Afghanistan is due at the end of this month. The Taliban today warned of Consequences of the US extends the operation. The head of Fizer reacts to the FDA giving full approval to its covid 19 vaccine. Cbscsi Futterman has that the CEO of Pfizer is praising the FDA is decision is an important milestone that I think will unlock. Uh some of the more skeptical minds to do the vaccine, Dr. Albert Bourla hopes to get approval next for the vaccine to be used by younger age groups. The company. Meanwhile, he says, is amping up production. We are, uh, aiming to produce this year $3 billion full approval by the FDA for the Moderna vaccine could come in the months ahead. Steve Futterman, CBS NEWS Seattle Seahawk Informer, Husky Stand Out is done for the season just like that. Member Kervin is down on the sidelines. BK, as he's called, was injured on the opening kickoff on Saturday. Team says he tore his A. C L Hawks also placed wide receiver John Ursula on Inter reserve after he suffered an A C L terror in the loss to the Broncos. Coming up on 4 33. Let's check real time traffic.
News and Perspective with Tom Hutyler
CDC Says New Science Caused Change in Mask Guidance
"Their mask guidance as we hear from a B C's Eva Pilgrim, the CDC advising the fully vaccinated people return to wearing masks indoors in areas of high transmission as cases climb around the country. This was not something that we took lightly, and something that I know weighs heavily with me and with all of America director Molinski, citing New science that shows even some vaccinated people can transmit the delta vary it the data showing, though, that the vaccine reduces the risk of getting the virus, seven fold and the risk of being hospitalized. 20 fold. The CDC also recommending kids and teachers returned to school in the fall with everyone masked even if they're vaccinated, a reverse from guidance given just two weeks ago. The new guidance coming his parents across the country protest mask mandates in schools, but the head of one the largest teachers unions in the country standing by the new guidance. Obviously we're going to embrace the science, but you know it's it's with great reluctance that we have to put our mass back on the variant now responsible for an estimated eight in 10 cases as we learn who is in those hard hit hospitals. ABC calling 50 hospitals in 17 states of the 271 Covid patients in the ICU 255 were not vaccinated. I see you doctors telling ABC News the vast majority of vaccinated patients in their ICUs had underlying conditions or weakened immune systems with more than 156 million Americans fully vaccinated nationwide. Approximately 153,000 symptomatic breakthrough cases have occurred representing less than 1% of those fully vaccinated, according to an unpublished internal CDC document obtained by ABC News overnight. Pfizer's CEO Albert Bourla, making the case for booster shots. Saying Some studies suggest the delta variant challenges the vaccine's protection after six months talking to former White