17 Burst results for "Bloomberg Healthcare"

"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:55 min | 5 months ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"I'm Karen Moscow and U.S. futures are higher this morning after yesterday's record lows were coming up to 5 O one on Wall Street and we checked the markets every 15 minutes throughout the trading day on Bloomberg S&P futures have 13 points this morning down futures have 93 NASDAQ futures up 80 The decks in Germany's up 7 tenths of a percent and they can't compare us up half percent Nikkei two 25 in Japan jumped 1.4% in the hang seng in Hong Kong up a quarter percent Ten year treasury up one 32nd He had 1.47% The yield on the two year .74% Oil is a three quarters of a percent or 55 cents at $76 12 cents a barrel Comics gold up four 10% or 7.8 cents at 1816 60 announce The Euro on .1332 against the dollar the yen at one 14.79 Nathan All right Karen thank you Let's begin this morning with the latest on the pandemic The world has set a new record for daily cases of COVID-19 Global infections came in at 1.44 million yesterday as the omicron variant drives a fresh surge but there is a glimmer of hope in the data We get more from Bloomberg healthcare reporter Tim andt The new case numbers are surging and I think the thing to watch here is definitely severity And the data so far suggests that hospitalizations and deaths are not ticking up as much The data is so far looking encouraging Bloomberg's Tim and net reports daily COVID cases are up nearly 50% from a month ago but the level of deaths remained stable the 7 day rolling average of infections is also at an all time high On Ethan those record cases are leading to a shortage of workers as infected staff stay home to quarantine and now to help ease the labor crunch the CDC is shortening its guidance for isolation time Bloomberg Shirley pellet reports those who test positive now need to stay home for just 5 days That cuts the previously recommended period in half the Centers for Disease Control and Prevention says that following the 5 day isolation period people with COVID-19 should wear a mask for 5 days when they are around other people Cases are expected to soar in the U.S. following the holidays threatening to upend the lives of workers and students who are infected or exposed to the virus In New York Charlie pellet Bloomberg daybreak All right Charlie thank you searching infections continue to hit the travel industry hard More than 2800 flights were canceled over the weekend and it was more of the same yesterday Monday somewhere that 1100 flights called off as winter storms added to pressure on airlines from staffing shortages And COVID tests have been scarce supply Nathan as families scramble to get results ahead of holiday gatherings President Biden said the government is working to ease the shortage We went from no over the counter tests in January to 46 million in October 100 million in November and almost 200 million in December But it's not enough It's clearly not enough.

Karen Moscow Bloomberg Bloomberg healthcare Tim andt Bloomberg Shirley pellet CDC U.S. COVID Hong Kong Germany
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:06 min | 6 months ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"For global news Moderna defending its shots after a number of reports about a potential link of in large hearts in young people as a side effect it Baxter has all the latest in San Francisco yet Yeah exactly right this extraordinary Juliet that this came out as a brief conference call held by chief medical officer Paul Burton joining us live is Bloomberg healthcare reporter Liz Cortez Liz thank you so much I don't believe this kind of response is very common What caused the company to want to go well this very public with a response So the company has been dealing with this potential risk of myocarditis for quite some time now it's been hanging over not only Moderna shots but just vaccines in general one of the issues when it comes to potential adverse effects of the vaccines what's happening here now is Moderna is acknowledging that there is an increased risk in younger particularly males of this myocarditis which is inflammation around the heart It is something that can have long-lasting impact but it's also very rare The company is seeing these increased numbers and they're dealing with the Food and Drug Administration which is going to take a longer time to review its filing to get that shot out to younger people And I think that they just want to address the issue as these questions continue to swirl and their stock price is taken ahead I got it So some of these stories of course we're on social media but this also went a little bit deeper I mean they've been holds on its Sweden Denmark have taken some actions haven't they They have There is concern that the issue here is with testosterone that there's some perhaps some kind of an interaction that's going on there that's making the dangerous for younger for younger men particularly And it is this concern when you talk about a vaccine is to prevent something that you might not ever actually have So with coronavirus it's possible that the young people might not ever contract it or if they did contract it that it wouldn't make them very sick right We've heard about how it's not that bad of an infection for younger people compared to older people So the idea that you could actually be harming someone by giving them a vaccine especially if you know that there's another vaccine that's potentially available that doesn't carry that same risk that the regulators and parents everyone in general is just very concerned about not actually introducing a harm that the whole medical approach first do no harm That's what we're looking at here Yeah And we're starting to see the virgins too between Pfizer and Moderna Moderna actually has been shown that durability and efficacy is actually a little bit higher than Pfizer Haven't we Yes The shots are definitely not exactly the same They do use the same technology And it's a new technology So we're all learning as we go here There are still a lot of unanswered questions exactly to your point We're seeing that the Moderna might be a little bit more powerful It might have a little bit of a better benefit might last longer might cause a little bit more side effects So it's 6 of one half a dozen of another but other questions remain unanswered What are the long-term complications going to be How long will this benefit will the benefit from the vaccine last We just don't know the answers to that So everyone is tracking them very closely over time Yeah And also when you're talking about Pfizer and Moderna Pfizer is being administered for teens and now the young 5 to 11 year olds Moderna is not FDA has asked for more time do we know on what that's based Well certainly this side effect profile is part of that Moderna has some clinical trials that they're still analyzing and that they're looking at But your point is exactly is very appropriate Pfizer got approval for these younger kids for adolescents back in May So they'd had this market to themselves already about 60% of that the 12 to 18 group have already been getting their Pfizer shot to their likely to get another one coming up here So Moderna is actually losing out on the market as they're trying to get this through but also digital lingering questions about how safe it is certainly you don't want to be causing harm but they need to get this process going as quickly as they can Yeah now just I want to be really clear because hysteria builds on this very very very quickly Moderna say we have about 30 seconds Moderna is saying the risks are very very rare correct It's unbelievably rare We're talking about ten people ten kids in a 100,000 And this isn't a death set situation It is inflammation of the heart It can cause problems but the chances of it happening are exceedingly rare especially compared to the risk of actually getting coronavirus and passing along that virus Yeah the very anecdotal and scientific information is that the benefit is quite immense our hey Michelle as always thank you so very much Bloomberg health reporter Michel Cortez in San Francisco I met Baxter All right Juliet Thank you Ed 38 minutes past the.

Moderna myocarditis Paul Burton Liz Cortez Liz Pfizer Moderna Moderna Baxter Juliet Food and Drug Administration San Francisco Moderna Pfizer Denmark Sweden FDA Michel Cortez Michelle Bloomberg Ed
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:07 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"Calm the Bloomberg business APP and at Bloomberg Quick. Take these. He's a Bloomberg business Flash. I'm Karyn Moscow stocks. They're starting off the week in a bullish mood as investors take comfort from further stimulus bill negotiations in the impending deployment of the first vaccine in the US, we check the markets every 15 minutes throughout the trading day on Bloomberg S and P futures 24 points down Features of 240 NASDAQ Futures of 57 the DAX in Germany's up 1.1% 10 Year Treasury down 6 30 seconds, He'll 300.91% they yield on the two year 20.11%. Nymex crude oil is up 9/10 percent, or 41. Cents at 46 97 a barrel Comex gold is down 9/10 percent, or $17. At 18 26 60 announce the euro 1.2149 against the dollar British pound 1.3414 in the yen 103.74 that's a Bloomberg business flash. Now here's John Tucker with more on what's going on around the world, John and Karen the first doses of finds his current virus vaccine rolling out across the U. S. This round, delivers about three million shots to state Across the country. The first shipments arriving this morning, hackers broke into the networks of the Treasury and Commerce Department's It's one of a global cyber espionage campaign. Russia is believed to be behind the attack at a bipartisan group of lawmakers writing a two part proposal with $908 billion in pandemic relief to help boost the economy. They're planning to release it. As soon as today Sports the Giants four game winning streak that's over. They feel the Arizona 26 to 7 the Jets. They're still winless and Washington beat the 40 Niners. Global news 24 hours a day on area and on Bloomberg. Quick take were powered by more than 2700, journalists and analysts in more than 120 countries. I'm John Tucker, This is Bloomberg. Nathan. OK, John. Thanks. It's coming up to 5 49 on Wall Street live from the Bloomberg Interactive Brokers Studios. This is Bloomberg Daybreak as we continue our team coverage of this first day. Of Corona virus Vaccine Roll out in the U. S. Bloomberg News Health reporter James Payton joins us live Good Morning, James. As we heard from John Tucker in the news. This first round is going to be about Three million shots. How do we expect it to go in the early days? Well with the rollout. You know, it will proceed. Gradually, You know, here in the UK, um this has this has already been underway. Um, you know, people will be keeping a close eye on safety and any side effects. But the you know, that seems will, um, you know, gradually shifting so the priority Groups into the into the broader population of the UK, as I mentioned was first when I see it in the in the US and that will be followed. Elsewhere but their number of logistics challenges and another obstacles that need to be overcome and fascinating. First millions of people that then Eventually going into tens of millions. And then hopefully soon hundreds of millions of people, if all those well, but a lot needs to happen to get to that point, so I'm clearly a key turning point in the in the battle against covered in and provide everyone with a glimmer of hope. Certainly the head of Operation Warp speed in the U. S Doctor Montes of Slough. He has said that he anticipates we could have 100 million Americans vaccinated by the end of the first quarter. I mean, what would have to take place, too? Keep the U. S on that kind of time line. Yeah, well, that is, uh, that's that's gonna be tricky. But you have tol. Keep in mind that, you know, Operation works speed. You know, we've recorded that this is up to an $18 billion. Effort. There's been a lot of this little lot of planning underway for for months to do this, but you know, the people were talking to in the you know who know this field. Very well emphasized that this is you know, this isn't inherently complex, You know, for any roll out, and this is an unprecedented operation. We're talking about two. Get the vaccine to so many people in such a short amount of time. So you know you can argue that it's it's inevitable. You know that there will be bumps along the road. But you know the U. S. Compared with many other parts of the world, you know is in Ah, relatively strong position because of those Investments The UK is well, you know, there are broader concerns about places you know places outside the U. S. And the pace at which they'll be able to get access to that seems Yes, certainly that being the case because of the issues we've mentioned in the past the fact that the visor vaccine has to be kept in temperatures that rival the Antarctic when it comes to how cold they have to be kept. Is there a sense that the types of resource is that need to be deployed to keep the vaccine safe and effective? Once it is deployed into people's arms that those that those infrastructure issues have been put in place here. Uh um, yeah. I mean, there is a That definitely is a significant issue. I think the I'm going back to one of my points. The One challenge will be monitoring people who have who have received the vaccine globally. Just, you know, the sheer number of people who are getting vaccinated and you know all these these vaccines, first fives or than others that are following our being. Rolled out very quickly on an emergency use basis on day in terms of, you know, logistics. Clearly, you know that infrastructure is in place to You know, to deliver those vaccines swiftly in the US and UK and European Union and another places, But you know, as we've as we've discussed, and as we've reported It becomes more challenging when you're talking about Getting those vaccines to, you know, to every corner of the planet, given the storage and transportation hurdles that need to be overcome, So that's why the five year vaccine eyes the first and that's why other vaccine developers They're trailing behind, including AstraZeneca here in the UK believe you know that there's a big opportunity for further vaccines that might be in a better position to be deployed. Deployed widely. Yeah, well, certainly look to the about possible emergency approval of the modern is shot in the US Later on this week, Bloomberg Healthcare reporter James Payton again. Thanks for being with us this morning, Karen. Then thank you. It's 5 53 on Wall Street. It is time for the Bloomberg Log report. Let's get to the legal stories we're watching this morning from Bloomberg's Jeff Bellenger. Lawmakers in Washington are still unable to seal.

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"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:45 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"Learn more it N J i t dot e d u Well, if you're in the camp that equity markets have been too far too fast, and you thought a correction was nigh. You may want to think again new hopes here for fiscal relief. And also vaccine approvals. And this could dominate markets here in the short term doesn't mean that you won't be right sometime soon because these valuations have stretched to the upside for sure. But at least in the news today, you've got the movement forward that we see from Steve Mnuchin, presenting a new package of relief to Nancy Pelosi, the House speaker. House Minority leader Kevin McCarthy told Axios that he and the Senate majority leader Mitch McConnell, will support including these $600 stimulus checks in a relief bill. And the top House Republicans said that he McConnell committed to back the amount being sought by the White House during Ah, meeting a call with Treasure Secretary Steve Mnuchin and also the White House chief of staff in this, Manu Shin walked them through the plan, and the thinking was that you either include more funding for state and local governments and language on liability protections. Or neither. And so they included both. And it seems like the response has been reasonably positive among Democrats, so we'll stop to wait and see no agreement here. But the markets rallying in Asian the case about 1%. Also got the ASX 200 up two thirds of 1% cost me up about 9/10 of presenting the dollar is now weaker. So those are all pretty good signs yield on the 10 year 93 basis points. Right. That's a glimpse at markets. Let's get news with Ted Baxter in San Francisco. It all right, coming right back at you, Brian, and just a SEC here. Hong Kong Center for Health Protection is reported out 100 additional confirmed cases of covert 1995 or local UK rolls out the first Fizer vaccinations Prime Minister Boris Johnson calls it a shot in the arm for the region. Connecticut now has the highest per capita covert case rate in the United States as a nation passes of 15 million Mark. President elect Joe Biden says 100 million doses in the 1st 100 days of his administration. President Trump now says he'll sign an executive order keeping the vaccine in the U. S. These air Fizer contract's already signed US Supreme Court has rejected a request by Trump allies to nullify Joe Biden's victory in Pennsylvania. Meanwhile, suit filed in Texas attorney general challenging several state Biden wins has been formally doc it'd by the court. The House has passed the defense bill despite a Trump veto threats. Senate is expected to clear it later this week, and Republicans on a congressional panel planning the inauguration of Joe Biden have blocked a resolution planning and naming it for Biden, saying the election has not been decided as the Republicans on that. On that commission in San Francisco. I'm Ed Baxter. This is Bloomberg. Okay, as promised. Brian Curtis signed for the Media Review. Japan's defense minister, Noble Low key, she eyes, saying that he will seek some budget to develop a long range missile. And also we heard from Asahi today that Japan is to spend about a billion dollars on a go to travel campaign. Well, the Hong Kong press is all about all the tighter restrictions here. It looks like now we're going to close Jim's from tomorrow and we'll have restaurants will be closed for dying in service after six PM good time to take a look at the cases here in Hong Kong and compare them to the United States. Just for some reference. So Hong Kong is a small place. Only seven million people here. So we're about 1/50 the size of the United States, So we've had 7000 cases of covert 19 here. And 100 deaths. Now if we multiply Hong Kong's cases by 50. So that puts us at 350,000 total cases compared to 15 million in the United States so again on like size population 350,000 in Hong Kong. 15 million in the United States. Now, you might say, Well, the U. S tests a lot more. That may be the case and let's set that aside. Then look at deaths around 100 here in Hong Kong, so 50 times that well, that would be 5000 compared to almost 300,000. In the United States. And there's this story from RTHK that And I was a part of this because I had to go into quarantine for 14 days and told that story a couple of times here, so I won't belabor the point now, but three police officers out of the airport. So this is where you go through your test. Then you have to wait 10 hours for the result. Which is crazy, but that's how long it takes on three police officers who posted at the airport have tested positive Now this is very worrisome because you know, they keep everything clean as a whistle out there. Every area sterilized. Anyway, the contacts of those will be sent into quarantine. All right, Let's check the markets eight minutes before the top of the hour and also a check at the media guys back to you. Thanks, Brian, and hopefully an end to these quarantine restrictions will come with the vaccine. Let's get the latest with Michelle Cortez Bloomberg Healthcare reporter. I was quite emotional watching it the first person in the U K getting at the vaccine yesterday a Michelle and the 90 year old Margaret Keane and saying that it was fantastic because she'll now be out to see her family after being alone for most of the year, And this is the same vaccine that the FDA staff are now saying is effective. The fires of vaccine to tell us the latest Well, exactly As you say, there is hope at the end of the tunnel. It has been a brutal 2020 for the entire globe and the idea Julie has it With just these vaccines that really nobody could have imagined. What so quickly could put an end to all of it. I mean, hopefully everyone is defending embrace him. So far. The news that we've gotten is very positive. The first really detailed in depth look at the size or beyond text that not they FDA staff report. Honestly, it's one of the cleanest documents I've ever seen coming from the FDA. They are looking for problems in the data, any indication of something that might be bad so that it can be thoroughly reviewed and vetted by their experts on Thursday, and really, they didn't collect too many examples. Vaccine most effective across different stations, populations. Whether you're older, young, if you're a minority, if you have co morbidity here, there's even some indication that if you only get one of the two shots, it looks like it offers some protection, but not a lot from definitely get, too, But so far there's just nothing to indicate that there's a problem. Now It's just gonna be a matter of getting enough doses and getting them into people who are most definitely, And I guess the vaccine from Fizer in the one from mode, Erna used the messenger or in a technology. We've never had a vaccine like this before the speed with which it was Developed in both cases, just astounding The fact that we're able Tomo mis sequenced the genes here and get something into production very quickly. The health risk, though I mean it's one thing to say Okay, Here's a vaccine that involves live virus, but these injections will not involve live virus at all. If they don't involve live by was what they do is they take a little piece of the genetic code that tell cells to make a tiny bit of that spice protein that we're all familiar with from looking at the outside of that Corona virus. The images that we see in it, and that production is what we see in people's bodies and the immune system..

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"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:09 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"Everyone would just wear a mask for the next few months. New York Mayor Bill de Blasio says the cities and potential danger weeks Actually our numbers were higher than we wanted, but they had leveled off now. Unfortunately, we're seeing a really growth in Positively rate in this city, and that is dangerous. New Jersey Governor Phil Murphy rolling back all restaurants, bars, clubs and lounges that serve food and drink must close their indoor indoor premises. For business by 10 P.m. Each day, he says the state must make a concerted effort for the next five months. California is eyes reporting an increase in cases. But the caveat being the governor says positivity rates have not gone up all that much, and hospital capacity is only at 4%, so he's not downplaying it. But he's saying it's not like a severe is other areas of the country in San Francisco. I'm Ed Baxter. This is Bloomberg. Brian. All right. Thanks very much at the time. 38 minutes past the hour 22 to the top lots ahead, including sports, And here comes Dan Schwartzman looking at Barcelona getting some bad news Dan on a young star. Yeah, this one does hurt Brian bars to getting bad news 18 year old sensation and Sufaat. He's going missing four months after having surgery to repair a meniscus tear in his right knee suffered in Saturday's five to win over Al Batiste. Mathea scored five goals through 10 matches in all competitions so far this season for Barsa, Swiss bank Julius Baer, agreeing to a $79.7 million settlement in principle with the U. S. Department of Justice for its role in helping launder bribe for South American Football officials so far more than 40, marketing agencies, Football officials and others have either pleaded guilty or have been indicted or convicted in the US investigation into corruption in international football. ESPN reports that if Manchester United's looking to move on from manager only gone our solar shy RV Leipzig boss Julian Magal Zeman's name has emerged alongside favorite Mauricio Pochettino. Be the next manager told Trafford Man United, though, has been adamant they're not looking to make a change is early in the season despite the club struggles, it's NFC East matchup on Monday night Football. The O N eight New York Jets hosting the two and five New England Patriots. Joe Flacco, getting the starting quarterback for the Jets after Sam Darnold re injured his shoulder in last week's lost the Kansas City Chiefs. While the reigning NFC defensive player of the year Stefan Gilmore will not play for the second straight week for the Patriots. Washington football team quarterback call Alan will have surgery in the next few days or weeks. Excuse me to repair his dislocated and fractured ankle suffered in the first quarter of Sunday's lost the New York Giants, while Alan status for the rest of season is unknown. Alex Smith expected to be the starter. Moving forward first. AP Top 25 Men's College Basketball Pole has been released the season set to tip off November 25th. Gonzaga's number one, followed by Baylor and Villanova. Rounding up the top three. I'm Dan Schwartzman, thatyou're Bloomberg World Sports Update. Juliet. Thank you so much Damn extraordinary moves here on the vaccine newsy in Asia. Joining us next willbe Michelle Cortez Bloomberg Healthcare reported to discuss the latest developments about five his vaccine candidate. Japan Airlines Up 16.3% a day up 16%. You've got Korean Airlines up 13%. This is Bloomberg..

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"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:41 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"The Asian trading that comes on stream of fully speaking, we've got at the moment futures pointing downwards over Japan and Hong Kong. Meanwhile, The air sex there in Sydney, showing at the moment a decline of about one third of 1% as we await a new inflation data or monthly inflation data. I should say Just about what 43 minutes from now looking at Informational CP I rebounding to 6/10 of 1% from a negative 3/10 of 1%. The previous quarter. But we did see the S and P 500 down. Dropping back with that loss is accelerating at the end of the session. Tech, though, was responsible, boosting the NASDAQ wars We had about 1.5 times the number of stock's going down than those going up nice like nevertheless. Finishings extensive 1% higher. Dyer was off by 1/10 of 1% and the S and P 500, also shedding 3/10 of 1% there as well. Looking at these tanks shows they did eat gains. Am D's $35 billion takeover fellowship maker Xilinx responsible for some of that. And it was the cyclical side of things which took the brunt of the hit that we've been reporting virus cases continue to kind globally, Europe is considering concerning further lockdowns is a pandemic. They're actually worsens Oil, so in focus at the moment, down nearly 2% 38 bucks. 80 cents the barrel. Tropical Storm Zita pushing all produces in the Gulf of Mexico to shut up. That initially gave the old price of boost before we saw it. Fullback also Microsoft out with better than anticipated numbers on that's been sending shares higher in the late session. All right, with all that in mind, let's get over. Done, Teo. What's going on? Global news wise. This man, Ed Baxter, San Francisco. Let me lay some other stuff on your expansive mind here, Ray US issues warning about a hacking group from North Korea for Hong Kong activists have entered the U. S consulate, presumably seeking asylum. SCMP has video of the four running into the building being let in. Victoria State Australia, easing some of its restrictions, opening restaurants with limitations looking at easing some restrictions on office work next week, Bloomberg reports US voting has reached over 50% of the total ballots cast in 2016 Joe Biden on the campaign trail, focusing on fighting the pandemic and health care that, he says Donald Trump is abandoned. Donald Trump, meanwhile, is touting the fact That the polls are wrong. And then if he's have supporters will turn out that he definitely will will win. Now The Trump campaign is cancelled. $5.5 million budgeted in Florida has got $24 million from its national budget. Bloomberg reports say shrinking funding covert 19 hospitalizations have risen in at least 10 states in the past week. I 10% I should say, let me get the numbers right? 10% in the past week in 32 states. And New York's governor, Andrew Cuomo, seeking to keep 95%, he says of the US out of New York. The governor day. Added California to Ah, list of 39 States whose residents must quarantine 14 days after arrival in the state in San Francisco. I'm Ed Baxter, This is Bloomberg. Douglas Craze. Yes, troubling spike in cases of covert 19. Not only here in the U. S, but Europe as well. Where are we? In terms of a vaccine? Well visors late stage trial of its experimental vaccine has yet to reach a key milestone. Researchers had been hoping to determine how well the vaccine protects people with the disease. We're going to take a closer look at this and some of the other issues surrounding vaccines. With Bloomberg Healthcare reporter Michelle Cortez. I'm curious Michelle what has kind of proven to be the fly in the ointment as it were in terms of the fighters late stage trial. It's interesting what's happening right now with Visor because we don't actually know what's going on. It's a little bit of reading the tea leaves. So the way this trial is working. They've enrolled 42,000 people in it, and they're gonna look at the early results once they have 32 cases of Corona virus among those 42,000 people and what the news is that they don't have those 32 cases. Yes. Which seems shocking, right like that. Just Where are these people? They must be doing a great job, social distancing and wearing their masks that we don't even have 32 cases yet, But it could be a good sign the fast big. Perhaps the vaccine is working really well, so we're not being in the infections that normally would have or it could be just when they started. The trial rates were pretty low, and so it's going to take a little bit longer to get there. You can read it both ways. What we know definitively is that they're not going to be able to tell us Just this week before the election. Whether or not it does have a significant benefit in terms of helping people avoid Corona virus. Michel, tell me. Is there anybody that any pharmaceutical company which we know it could be seen as being in the lead in a ll. This Well, Kaiser is considered to be in the lead. So that's why it's interesting. They're the ones who have been saying that they thought that they could get in efficacy indication in October, which today we found out will not be the case. They thought that they would know about safety in November, and both those things were ago that make it having something on the market before the end of the year, Of course. Next. The next one is AstraZeneca at trial in the U. S. Had been on hold for a while, so that significantly slowed them down J and J also on hold in the US during that pause its trial for a little while to make sure that it was getting enough diversity in its clinical trial work. They have done that now and they've resumed starting today. We also got a little bit of disappointing need from building back. They're delaying the start of their final really big phase three trial until next month. So it is happening a little bit more slowly than we had hoped. But honestly, it's still happening it, you know. Unbelievable Pace. Just not. You know what started it somebody. So Pfizer's trial as I understand it was phase three. So at this point, we're looking solely it efficacy. We've ruled out. A safety issues. Presumably, they were taking care of an addressed in the phase one and Phase two. But what happens if this proves to be ineffective? Do you go back and begin at the drawing board again and start from square one? Yeah, No, actually, you're still waiting on those safety and efficacy numbers, and not only that the term long term effectiveness of this vaccine won't be known for, you know, at least A year or two or maybe three, because it does just take a long time for some of these really rare side effects to come out, so we don't actually know safety or efficacy for any of these trials now, if it doesn't work Then they would probably have to go back to the drawing board and all of these companies. Most of these companies have more than one back in development, so there are plenty that that they are working on. But it's not like a pharmaceutical. It's not like a therapeutic where they could say, you know, we saw that Lily had some bad news with the antibody therapy, but those were in patients who are sicker. Another day, maybe Maybe give it to people who aren't a second. They'll do well on that living product. Vaccines aren't like that. You take healthy people from the beginning and bad. You hope it works. There could be some wiggle room. If you see that it's not working in older people because they don't respond as well..

Hong Kong Bloomberg Europe Ed Baxter US Donald Trump Michelle Cortez San Francisco Xilinx Dyer Sydney Bloomberg Healthcare Japan Mexico Microsoft Douglas Craze Florida Teo
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:49 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"A M in Hong Kong and here in Singapore on Juliette's Ali and I'm, the prisoner of the Bloomberg Interactive Broker studio in New York. We've got a little bit of weakness creeping into equity trading across the Pak region, with the Nikkei lower by about 3/10 of 1%. Cosby is down 8/10 of 1% other markets on the back foot, Not by much will go into it in greater detail momentarily when Brian Curtis joins us right now, a few of the sours top business stories, Jules And a lie. Lily has posed in Roman for its clinical trial of an antibody treatment for covert 19, citing a potential safety concern, The news first reported by The New York Times. This came just one day after Johnson and Johnson also paused its vaccine research after one participant fell ill. Bloomberg Healthcare reporter Michelle Cortese tells us that these complications and not out of the norm We always see these kind of complication side effects. You know, it was almost every medication you get. People do end up having you know, fevers or sore arms. And to this point has been absolutely breathtaking and how quickly it has gone. We need to find viable treatments is becoming more pressing as virus cases, a climbing again in the United States in Europe, this ahead of what is being worn by public health officials as a dangerous winter. The world's most indebted developer, China. Evergrande has raised $555 million US in a downsized share placement. Now this creates a little bit of breathing space after a liquidity scare we have more from Bloomberg's Tom Mackenzie. Evergrande sold 260 million shares at 16.5 Hong Kong dollars apiece, representing a near 15% discount to its closing price in Hong Kong. The share sale is among the latest attempt by the junk rated property giant to raise funds as it faces the debt pile of $120 billion. Nearly six billion of which is maturing in the next two months. Evergrande liquidity challenges were thrown into sharp relief late last month after reports the companies sent a letter to local government officials warning that payments coming due in January could cause a cash crunch and lead to default across the financial sector in Beijing, Tom Mackenzie Bloomberg Daybreak Asia And every grand share slumping 17%, the most since May 2015 well, Apple has unveiled its latest generation of iPhones with the event in cappuccino, lifting the lid on the biggest redesign in three years. The full versions of the iPhone 12 all support five G, which will straight hopes will spare a cycle of sales growth for the Californian company. We get more from Bloomberg's dead loudly Reporting from San Francisco, Apple unveiled the broadest variety of screen sizes in the company's history. At the top end, the iPhone 12 Max for $1100 with a 6.7 inch screen, Apple's biggest ever display the other 12 Mini for $699, with a five point full in screen. All four models have led displays a standard and updated cameras. Apple's first attempt at five G comes more than a year after rivals like Samsung started selling their five G handsets. Those account for only a fraction of handset sales here in the U. S. Is concerns persist about the reliability and actual speeds of five G networks. In San Francisco. I'm Ed Ludlow. Bloomberg Daybreak Asia. Interestingly today, Apple shares were down nearly 2.7%, but that's after jumping by more than 6% yesterday. Let's get to our Hong Kong check on market action, and Brian Curtis Hey, Brian, a little bit of a negative overhang on markets today, partially due to the macro situation with The progress on stimulus talks between Republicans and Democrats going nowhere and also, these two trials paused in two days on a vaccine for covert 19 and also treatment the antibody treatment run by Lily. So that's causing a little bit of just maybe a little caution. We've had a very strong October so far for Most equity markets. Let's run through some of the numbers, The Nikkei Down 3/10 of a percent 6 200 down 2/10 of 1%. The Hank Sing Index had opened positive just for a brief few moments, Trading off 1/10 of 1%. We are seeing a little bit of action to the upside in the Hang Sang tech index. The gain of 7/10 of 1%, both 10 Cent in Alabama faring pretty well. The China markets are down a little down about a quarter of 1% similar for Taiwan and a little bit more for Singapore down about a half of 1%. So the GDP data out of Singapore minus 7% year on year little disappointing but then sequentially a little better, slightly better than expected in quarter on quarter growth. And if you analyze that you get a big number like The higher than 35%. But the Singapore market I mean, most of that is pretty much baked into the cake. We did get some news this morning. You already mentioned Evergrande. Now we got the initial pricing guidance on on the dollar bonds in China. That's available on the terminal. I won't we run through all of them now Bank of Korea standing Pat. Also Singapore central banks standing pat and in some deal flow of conical Phillips said To be in talks to acquire Contra resource is 10 Cent, looking to increase its stake in Universal Music Group. By a further 10% and AMC entertainment, Considering a potential bankruptcy filings, All stories were really spoiled for choice today. A lot of market a lot of market moving stories today. 35 minutes past the hour jewels back to you. Thanks Brian China's President Xi Zing paying making a major policy address today aimed at making the Greater Bay Area a new global tech hub. Let's get to it backstage in San Francisco, with all the global news it all right, Jules. Thank you, president, and she is expected to lay out how he plans to stitch the city's together..

Apple Bloomberg Hong Kong San Francisco Singapore Tom Mackenzie Brian Curtis Evergrande Bloomberg Interactive Broker Jules Lily China Bloomberg Healthcare fevers Johnson New York Cosby Brian China president
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:33 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"Kong, and here in Singapore. I'm Juliette Saly. And I'm Brian Curtis. Trading is underway in selected markets in the Asia Pacific and well, he's just a little bit to the downside here in the early trading. We get details in a moment, But for now, the top stories Well, Eli Lilly has posed enrollment for its clinical trial of an antibody treatment for covert 19, citing a potential safety concern, The news first reported by The New York Times. This came just one day after Johnson and Johnson also posed its vaccine research following a participant falling ill. Bloomberg Healthcare reporter Michelle Cortese tells us these complications and not out of the norm. We always see these kind of complication side effects. You know, it was almost every medication you get. People do end up having you know, fevers or sore arms. And to this point, it's been an absolutely breathtaking and how quickly it has gone. I need to find viable treatments He's becoming more pressing is virus cases of climbing again in the United States in Europe and this ahead of what is being born by public health officials as a dangerous winter. China's Evergrande, the world's most indebted developer, has raised $555 million in a downsized share placement. This buys the company more time after a scare on liquidity. Bloomberg's Tom Mackenzie has more. Evergrande sold 260 million shares at 16.5 Hong Kong dollars apiece, representing a name 15% discount to its closing price in Hong Kong. The share sale is among the latest attempt by the junk rated property giant to raise funds. As it faces a debt pile of $120 billion, nearly six billion of which is maturing in the next two months. Evergrande's liquidity challenges were thrown into sharp relief late last month after reports the companies sent a letter to local government officials warning that payments coming due in January could cause a cash crunch and lead to default across the financial sector in Beijing, Tom Mackenzie Bloomberg Daybreak Asia The IMF now forecasts that world gross domestic product will shrink to full 0.4% this year. That is compared with the 5.2% drop, saying in June, it is a list I view of this is recession following massive stimulus from central banks and governments. Still, the contraction would be the deepest since the Great Depression. I am chief economist getting Gopinath told us that the world economy will face challenges to recovery until the corona virus is tamed. You seeing advanced economies doing better than emerging and developing economies, excluding China within countries is uneven. You're seeing law school workers. Youth women doing worse in labor markets, So we're seeing rising inequality is what we described. This is a long, uneven and highly uncertain ascent also said the policy makers must avoid prematurely withdrawing support in order to avoid setbacks. Toothy economic recovery. All right. 33 minutes past the hour. Let's get a market update with Bloomberg's Doug Krister Doug Boy. I like that line of highly uncertain assent. I guess you could say that about what's going on in Singapore. We had the GDP numbers now. Quarter on quarter for Q three actual expansion of 7.9%. That's up from the negative 13.2% in queue to, but if you take a step back and look at it year over year Third quarter GDP in Singapore Negative 7% and that's a little bit worse than the market had been expecting. Meantime, the Singaporean central bank have monetary policy unchanged as expected, right Nowthe same dollar at one spot 3590 against the greenback. Little bit of dollar weakness creeping in right now. We were much stronger. In the New York session, where the Bloomberg dollar spot Index rallied about a half of 1% the infirm here it 105 44 against the greenback. And if you look at the equity trade, the Nikkei 2 25 now down about 2/10 of 1%. Realestate shares continuing to pace the decline. We also have weakness in Seoul that cost me down about 2/10 of 1% and in Sydney. The sex 200 weaker by about 1/10 of 1%. Stateside. We had kind of Ah little bit of a risk off move at the margins here. No quick end to the stalemate over more fiscal stimulus, whether or not we get it is anyone's guess. At this point, you guys were talking earlier about the latest on Corona virus treatments, one vaccine and one antibody treatment. Both clinical trials have bait basically been put on hold for the foreseeable future and from the bank's J. P. Morgan and City kind of a cloudy view on the future of the American economy. The numbers for Q three were pretty good and surprisingly good numbers on loan loss reserves but the focal point at this point Seems to be on cue for and whether or not it's going to be a little tough sledding in the days ahead. 10 YEAR Treasury right now, yielding 73 bases points in Tokyo session, and we've got a Bank of Korea Monetary policy meeting taking place at this hour. Although the Bloomberg survey is expecting no church change in that key rate of one half of 1% I'm the prisoner at the Bloomberg Interactive broker studio in New York. Jules. Thanks again. We just got that a decision from the Bank of Korea so they did leave the key interest rate unchanged at half of 1% as expected, we'll China's President XI keeping making a major policy address today aimed at making the Greater Bay Area and new global tech hub. Let's get to another tech hub. San Francisco.

Bloomberg China Singapore Tom Mackenzie Evergrande Bloomberg Healthcare New York Bank of Korea Bloomberg Interactive Johnson Eli Lilly Asia Pacific Juliette Saly fevers Kong Brian Curtis Hong Kong Europe
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:12 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"13th Neymar was earlier suspended two matches for also being involved in that brawl with the Brazil International Two teammates being sent off, along with two players on Marseilles, one day after Nelson so made a move to Wolverhampton from Barcelona for an initial fee of 30 million euros, plus clothes. 10 million potential add ons. Tutto Sport in Italy, reporting that the wolves will now be making a run for you Vent a swinger Douglas Costa, both tomato and costs are represented by super Agent Jorge Mendez was a close relationship with Wolverhampton N. Ba about to tip off Eastern Conference finals game number four Boston Celtics against the Heat. Miami leading At best to seven series two games to one, NFL has lost an absolute legend, the Hall of Fame running back Gale Sayers passing away. He just 77. He had recently been battling dementia. Sayer is played only seven years in the NFL that was due to knee injuries. It's still led The league in rushing to times has also voted in all pro five times for the great kick returners in the history of league as well. The 1965 1st Round pick out of University of Kansas. The All American is a youngest inducted into the Hall of Fame at 34 years old. Major League Baseball Scoreboard. Top nine Phillies 12 Washington won Top five Yankees trailing Toronto five. Toe one other local teams in action. Bottom three, Boston five. Baltimore Nothing top of the seventh rib, a doubling of the Mets. 4 to 2 coming up in about an hour. First pitch. Oakland is at the Dodgers catch out on Bloomberg Radio. 9 16 the Blade May area late Game tonight. San Francisco's home for Colorado. Dan Schwartzman, thatyou're Bloomberg World Sports Update. Juliet. Dan, Thanks so much coming up. We're gonna chat with Joanna, also from Cross Assets Team about the latest on the markets in the fourth day of selling here, and we also want to talk more about the covert vaccines as well will be joined by Robert Language, Bloomberg's Healthcare reporter to talk about Johnson and Johnson's giant test. Bits of one dose vaccine. Moorehead, this is Bloomberg. As it covered 19 on days when it seems there are nothing but questions. What about the pandemic Emergency purchase program in Europe? What's the medical side of this? We try to ask good ones. How long until we have an answer on what drugs can help us fight this pandemic? How do you think this has the potential to.

Bloomberg Gale Sayers Hall of Fame NFL Dan Schwartzman Bloomberg Radio. Boston Celtics Jorge Mendez Mets. Italy Douglas Costa Brazil International Boston Baseball Phillies Nelson University of Kansas Sayer Miami Johnson
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:12 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"U. S futures are gaining this morning. We're coming up to 61 on Wall Street and check the markets every 15 minutes throughout the trading day on Bloomberg right now, SNP futures are up. 33 points down Futures up. 190. NASDAQ Futures have 228 The decks and Germany's at 1.1%. Back in Paris of 9/10 Percent of the foot, See 100 up 1% and your Treasury down one 32nd eo 10.68% yield on the two year 20.14% call make school. There's down a third of a percent on $7.20 in 1936 announced the euro 1.1766 against the dollar. The yen Is it? 106.7, John and Karen were coming off the third day of losses for US stocks. The S and P. 500 is down 7% over the past week, but signs of panic or muted. Amy Wu's Silverman is equity derivatives strategists that R D C Capital markets. We are smack in the middle of some indigestion. I would pay for the street in terms of how they're processing the different options positions that we've seen from large institutional investors, but also from the retail community technology shares have led to clients with the NASDAQ falling 10% in less than a week. But store kinds or cubes, head of equity derivatives research still sees big Tech as ABI. We still think large cap take leadership we will call selective cyclicality is sort of the way to be positioned and this is probably a shorter term disruption for the market's volatility remains elevated. With the vics currently above 30. Investors are pouring into Treasuries as yields on the long end of the curve continue to fall. For some, there's selloff has echoes of 1999. Many dismissed the comparison but brand shooting chief investment officer at Northwestern Mutual See School relations. There are so many different similarities between now in 99. You had a narrow group of stocks leading the market higher on the belief that they were changing the way we live forever, which perversely probably actually did come to in the coming years. Those stocks already discounted that and I think today you're seeing the same thing happened in markets and what I think happened next will probably be just like it was back then were more value things. I'll perform more economically sunset things I'll perform. Right now. The question is whether the pullback is a sign of market health or the start of a larger drawdown. Tesla was one of the biggest losers and yesterday's selloff. The stock plunged 21% for the worst one day loss ever that amperage missed out on joining the S and P. 500 news that General Motors is teaming up with Nikola Corporation to build a new electric pickup. Gordon Johnson as CEO of G L. J Research and a longtime Tesla bear. Essentially, we see Tesla as a busted gross story. The reality versus what's going on is completely mismatched. We think the S and P saw that their earnings quality is extremely poor over the past. 24 quarters on Ly for those quarters have they seen profit? Less credit sells most recent, which was three kids. We think that's coming to the forefront in the stock. Selloff shaved more than $80 billion off Tesla's market cap. It also took $16 billion out of the Ellen Mosques. Net worth in this morning's shares are up 7% in the premarket. Market sentiment is fragile and now concerns over a Corona virus vaccine are adding to worries AstraZeneca's pushing paws on the trial of its shot after a participant gone sick, the company you said the delay stems from a standard review. And here with more is Bloomberg Healthcare reporter Rachel Chang. What This really is a reminder to everybody waiting and hoping for this vaccine that the timeline people have been having in their heads is just not realistic. What has happened with AstraZeneca is a very routine thing. It's not uncommon for drug trials of this scale to have people getting ill and the right thing to do is deposit to figure out what's going on before continue with that trial. AstraZeneca had been viewed as one of the leading candidates to develop the first shot and shares are down more than 1% in London and in separate vaccine news, Pfizer in bio in tech have reached a deal to supply the European Union with 200 million doses of its vaccine once approved with the vaccine news overnight, plus the selloff on Big tech, lead the big losses for stocks in Asia. And Bloomberg's Juliet Sally joins us now from Singapore, with details Julia Good morning. Good morning, John and Karen. Asian stocks fell to a one month low is take players bore the brunt of the sailing with the tech heavy China is down 4.8% to closet, its lowest level since the third of July. 2 to 5 was down 1% in Tokyo is the yen continued to strengthen on the risk off move. While the fallen energy stocks so the 6 200 Sydney down more than 2% and yields on New Zealand's three year bonds dropped into negative territory for the first time in Singapore. Juliet Sally Bloomberg Daybreak. All right, Julia, thank you back here in the U. S. More stimulus to stem the fallout from the pandemic appears less and less and likely. Senate Majority Leader Mitch McConnell is proposing a slimmed down to measure that Democrats are set to reject. Nancy Pelosi calls the bill meager, emaciated and an insult. The House speaker spoke exclusively to Bloomberg. That insult the intelligence of the American people does not solve the problem, and it is not again. We know that we have to compromise. We know we have to negotiate in order to reach an agreement. We all.

Bloomberg Tesla AstraZeneca Juliet Sally Bloomberg Julia Good John Bloomberg Healthcare Germany U. S Nancy Pelosi Paris Treasury Northwestern Mutual See School Mitch McConnell General Motors Senate Ellen Mosques
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:13 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"We are 13 minutes away from the open here in Australia. It's been a pretty decent week so far, the six up by more than 1.3%, but we're likely to see it'll wiped out today futures, currently pointing lower By 1.6% after a day off heavy selling in US equities, returning from that three day long weekend, the NASDAQ bearing the worst of it off by more than 4% CE and tehsil bearing the west of that, soft by 21%. Experiencing its worst day in history. We also saw AstraZeneca down by four and a quarter percent in after hours trade that this after a person involved in its covert 19 vaccine trial. Became ill so that story is still evolving at the moment futures that elsewhere in the region, also pointing lower. The Nikkei futures pointing loaded by about 85 points, right now traded out of Chicago low by 300 points. Traded out of Singapore Cosby futures They're pointing slightly higher, although they haven't traded since yesterday, and we did have some employment numbers out of South Korea a little while ago the August adjusted jobless rate falling The 3.2% much better than the estimated 4.2% to catch you up on commodities as well. We saw brand going below $40 for the first time since June, West takes us 36 44. Dollar catching a bid, particularly against the pound with breaks that storm clouds gathering again Yield on the 10 year 67 basis points but amidst a ll the selling Gold's looking pretty flats $1930 ounce. Alright, let's get a check now of what's happening in global news. Get over Dave Baxter in San Francisco. Yeah, Paul in the backdrop of your AstraZeneca story very interesting today that President Donald Trump Is continuing to say that there will be a virus vaccine by election day, tying the two of them together, and Dr Anthony found she's saying it's not impossible, but it is very, very unlikely. India and China are accusing each other of firing warning shots in the air along the disputed Himalayan border. For the first time in four decades, the U. K government is conceding it will break international law by attempting to rewrite the Brexit the forest deal, the government's leaders say it'll be very limited. Senate Majority leader Mitch McConnell says the Senate will vote Thursday on a Corona virus relief bill. House Speaker Nancy Pelosi tells Bloomberg the plan is fraudulent Command staff Rochester, New York Police Department resigning the mist of investigation into the death of a black man while in police custody. Major wildfires in California have grown in size. And number as the governor says he has lost patients for climate change deniers. Britain's Prime Minister Boris Johnson has banned gatherings of more than six people in an attempt to Ah fight Cove it and Rochester I mentioned that right chances, Rochester's police chief has resigned. In San Francisco I made by while repeating myself. I may as well get it back to you, Brian. I mean, we'll probably have better stuff. Yeah, I want to. I want to hear you repeat the line about how the governor it used the word lovingly. Oh, yeah, Governor, Newsome said today talking about climate change deniers. He said he lovingly likes to talk science, but Well, he's referred to them and lovingly fashion and when the governor does that, he doesn't really mean it in the traditional way that we think of lovingly. It's unveiled criticism for sure. Yeah, Yeah, Anyway, that's good One. Thank you very much had time now for the media review. Young China says that the Hong Kong listing the retail offer here of the listing that's coming up. Was 52.3 Times subscribe. And here's one from Nikkan Kogyo. Japanese paper saying that FBI Holdings has decided to withdraw from Hong Kong as soon as the fiscal year ends in March, as it has determined that Hong Kong's functionality as an international financial hub has Debilitated. From the financial Times Away, says that Japan is an extremely important area for business. Now, after it's seen a 50% rise in procurement has happened while the U. S was tightening up the noose On the Chinese telecom equipment maker and in social media in New York Times and the Washington Post sort of codifying all this into some of the backlash over the remake of Disney's Mullen. The film was partially filmed in Xinjiang, where Uighurs live under pressure. And so we've seen a lot of new criticism here in the past 24 hours, including from some US lawmakers. Users on social media pointed out that in the films credits Disney thanks government entities in Sinjar. One of them was the police Bureau in Turpin, and you had this blacklist that was created by the US back. In October, the Trump Administration put that bureau and other police organizations on a blacklist in Xinjiang. And U. S companies were not allowed to supply products to them. So it's not clear here if the U. S will scrutinized Disney's work with government agencies in Xinjiang And American politicians have waited and I'll give you one line here from representative Mike Gallagher, a Republican from Wisconsin. He tweeted out that while the Chinese Communist Party is committing crimes against humanity in Sinjar, Disney was thanking propaganda departments that are lying to the world about these crimes. And just a final note. We had already seen a lot of criticism here in Hong Kong. And call for boycotts and such. And that's because the movie star Leo E. Fe. He had said that she back Hong Kong police and the pro democracy movement here. That was very displeased by that. All right. That's the look at the media eight minutes before the top of the hour, Paul All right. Thanks. Brian. Joining us now is Michelle Cortez Bloomberg Healthcare reporter to discuss a pledge from drugmakers to avoid safety shortcuts on a covert 19 vaccine and Michelle very timely that you're joining us today because we've seen AstraZeneca declining after hours. One of the people involved in its covert vexing that night covered 19 vaccine trial has head on..

Hong Kong Disney AstraZeneca US San Francisco Xinjiang Rochester Brian Paul Senate Sinjar Australia Michelle Cortez New York Police Department Nikkei Chicago President Donald Trump South Korea
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 1 year ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"I'm Brian Kiss in Hong Kong. Here are this hour's top business stories and the markets. The drugmaker Moderna has reached a deal with the U. S government to manufacture 100 million doses of its vaccine for covert 19. Company said the pact is valued upto $1.5 billion. President Trump said the federal government will own the doses as soon as the vaccine is approved. Meantime, President Vladimir Putin says Russia has cleared its own vaccine for use. Putin said that one of his daughters has already been given the vaccine, and he hopes to begin mass inoculation sometime soon. This is occurring before clinical testing has been finished. Bloomberg Healthcare reporter Michelle Cortes says that larger scale trials are needed to determine a vaccine safety are examples of people who have been vaccinated actually makes their subsequent infection worse. You're vaccinated. It primes your immune system. When you see that virus that next time those patients actually have a worse course of disease. And if you're not tracking how these patients are faring, then back to the sort of thing that you won't know outside of a clinical trial. Michelle Cortez, Mass Immunizations in Russia are planned to begin in October. Tesla is splitting its stock in a five for one exchange. It's an effort to make this stock less expensive for individual investors. He shares surged on the news in after market trading. Let's take a closer look at markets a big selloff in gold today, down another $53 announced $1893 a troy ounce at the moment, W T I crude is trading flat at 41 63 a big selloff in technology. In Hong Kong, the Hang Sang tech index is down more than 4%. The Hank Sing Index itself down about 7/10 of a percent. The Nikkei His flat global news 24 hours a day live in a Bloomberg quick take brought to you by 2700 journalists around the world in Hong Kong. I'm Brian Curtis. This is Bloomberg. This.

President Vladimir Putin Hong Kong Bloomberg Russia Bloomberg Healthcare Brian Kiss Moderna Michelle Cortez Michelle Cortes Brian Curtis federal government President Trump Tesla U. S troy reporter
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:56 min | 2 years ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"In Hong Kong, and here in Singapore on Juliette Solly. And I'm Brian Curtis. We're looking at markets here in the Asia Pacific Coming online Jianxing index trading up about 1/4 of 1%. Lots of data coming in China, and in a few moments, we'll get new home prices. Later on, We'll get GDP and some of the other retail sales and industrial production data. It's been a day of cautious trading here in the Asia Pacific will get you full details in a moment. But for now, some of the top stories Well. There has been a lot of optimism about progress in developing a Corona virus vaccine. A report from the British website I v dot com said Early positive vaccine results could be published as soon as today. These results from test of a vaccine Oxford University is developing with the UK based drug banker AstraZeneca yesterday. Federal researchers said Madonna's vaccine elicited antibodies in all people tested. In an initial safety trial. Bloomberg Healthcare reporter Love Robert Language is cautiously optimistic Vaccine will be developed, but ones there are a lot of unknowns. What we really need to show we just don't have right now is what is the efficacy of these vaccines? Are they say they are effective? You know how effective are there? And how long does that extra blast That's really going to be an absolutely key question. And to be honest, we know none of that. Since vaccine has already begun final stage testing, AstraZeneca said it may begin delivering doses off the vaccine as early as September. And we mentioned that we be getting new home prices in China. We just got the number 0.58% higher. That's a little bit of a recovery over the 0.49% in the prior month. June retail sales in the United States, Meantime, will offer a snapshot of spending there in a month. It was defined both by re openings and a surge in Corona virus cases, so a little bit of a whipsaw effect. For a preview of the data coming tomorrow. Let's get more from Bloomberg's Michael McKee. No one was surprised that retail sales plunged almost 18% in May, with store's closed and Americans afraid to shop. The question is, did they get over their fears? As states began reopening in June, the forecast is sales did rise, but nowhere near as much as they had fallen, while rising gasoline prices should boost sales overall. Analysts will be looking to see whether clothing stores, restaurants and bars attracted new patrons to see how much discretionary spending rose that may offer some clues to how fast the economy will rebound when someday the Corona virus recedes. Michael Mikey Bloomberg Daybreak Asia Rygel has a great to cooperation with the Indian company of Reliance Industries on technology initiatives, including the development of affordable mobile phones in the alliance. Google has agreed to invest 4.5 $1,000,000,000 in India's geo platforms, which is owned by Reliance Industries. Google said they're buying a 7.7% of reliance is digital services for about ₹337 billion. So as we mentioned China, June, home prices coming through growing faster than they are of 3370.58% month on month, also getting the job data in Australia. Thie unemployment right has ticked up to 7.4% in June, even though 210,000 jobs were added to the economy, which was higher than expected. But you've seen a dip in full time employment. About 38,000 full time jobs being lost on a big TV up in part time employment just against reiterating that gig economy that was seeing globally part time employment rising 249,000 from a contraction that we had seen in May of 138,000. The Aussie dollar is trading a little weak. It was down about 2/10 of Percent just ticked off my screen. There we go. 69 that spot 93 against the Dola in terms of what was saying in the China and Hong Kong market opened. The Hang Seng Index is pretty flat. 25,000 490 points to C s. I 300 also virtually unchanged with seeing a bit of a weakness in the Shanghai comp, though down by about 1/4 of 1% and we saw the China Chipmaker S M I. C jump 246% in its Shanghai starboard debut. Also today, we got the Bank of Korea, leaving its key interest rate unchanged at half of 1%. The Bank of Korea's saying growth is expected to be below its May projection. And they will maintain their accommodative policy stance and China sitting the yuan reference, right with a 600 once again, Brian 6.9913 against the Dolo. Yeah. I was just looking at some data. Did you mention the China Chipmaker s? M I C ideas. She didn't hear me. I said I was just checking some data. But that was pretty Really remarkable, and that is after some of those restrictions were lifted. They're so crazy gains 246%. All right, let's get a news update here and Twitter still trying to put all the pieces back together. Of what happened during a massive security breach. Exit. Baxter has the story in San Francisco head Yeah, You're.

China Bank of Korea Asia United States Asia Pacific Hong Kong Michael Mikey Bloomberg Reliance Industries Bloomberg Brian Curtis AstraZeneca Bloomberg Healthcare Google Juliette Solly Singapore China Chipmaker Twitter Michael McKee Brian 6.9913
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:09 min | 2 years ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"Vaccine that Oxford University is developing. With the UK based drug maker AstraZeneca yesterday, Federal researchers said Madonna's vaccine elicited antibodies in all people tested in an initial safety trial. Bloomberg Healthcare reporter Robert Language is cautiously optimistic that a vaccine will be developed but warns there are a lot of unknowns. What we really need to show we just don't have right now is what is the efficacy of these vaccines are, they say if there are effective, you know how effective other and how long does that exceed last? That's really going to be an absolutely key question. And to be honest, you know, none of that. Oxford's vaccine has already begun final stage testing. AstraZeneca has said it may begin delivering doses of the vaccine as early as September. Google has agreed to cooperate with the Indian company Reliance Industries on technology initiatives, including the development of affordable mobile phones in the alliance. Google has agreed to invest 4.5 $1,000,000,000 in India's Jo Jo platforms. Which is owned by Reliance Industries, Google says they're buying 7.7% of reliance is digital services on for about ₹337 billion have now joined the likes of Facebook, Intel and Qualcomm, who also recently bought steaks. Let's get a market check now with Bloomberg's Brian Curtis in Hong Kong brain. Julia. Thanks. Yes, we have a nice bounce in U. S stocks That's not really carrying through here into Asia. We'll get to that. In a moment. The Moderna and AstraZeneca news that you were talking about had investors playing the recovery card. And so we saw small caps and cyclicals with a pretty solid balance in us trading, and we're seeing a little bit of that here. But overall, the markets are mixed. The Nikkei is down about 2/10 of 1% TSX. 200 is flat to slightly higher in Sydney and sold. The Cosby is trading up 2/10 of 1%. It's one of these days where we're waiting for the catalyst and we might just get it with the China data. China's growth is forecast to have have turned positive in the second quarter. In fact, we're actually looking for a pretty sizable balance sequentially of 9.6%. But in terms of the second quarter year on year numbers looking for a number of 2.4% And as you pointed out a while ago, Juliet Some are actually projecting. It could be even higher, maybe more than 3% So we'll keep a close eye on that. We'll also get employment data from Australia and we've got the Bank of Korea meeting later expected, Tio Stay on hold today, and we're seeing that economists are forecasting that bank Indonesia will ease. So it's a pretty interesting day. You've got earnings as well. With the bank earnings earlier Goldman surprising to the upside. Particularly on trading stock, up 1.5%. Taiwan Semiconductor will report its second quarter earnings. The dollar's a little weaker so that is quite favorable. Tio. Plenty of the country's economy is here. Dalian one of 6 90 the euro 1 14 15 and the Aussie back down under 70 cents 69 96 jewels back to you. Fuck you. Brian Twitter is scrambling to solve a hack that has money being transferred into crypto currency accounts and backstab.

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"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:57 min | 2 years ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"This is Bloomberg Daybreak Asia. Just go on that 6:30 a.m. right here in Hong Kong and in Singapore, 6:30 p.m. on the eastern Seaboard of the United States. Some Rashad Sullivan and I'm Brian Curtis. Trading will get underway in about 90 minutes in some of the key markets big big gains yesterday in the Nikkei in the next 200 in Australia. The setup today is for some gains, but Much less So the story yesterday was materials and industrials and those rallied on Wall Street again today, so that may feed through into those markets, So keep a close eye on that and see whether not technology Takes a pause again market action and details on them in a moment. But for now, some of the top stories right with a lot of optimism about progress in developing a Corona virus vaccine. We got a report from British television independent television broadcaster TV, saying early positive vaccine results could be published as soon as today. These results from tests of the vaccine Oxford University is developing with the UK based drug maker acts AstraZeneca We had yesterday. Federal research is saying Modernise vaccine elicited antibodies in all people tested in an initial safety trial. Bloomberg Healthcare reporter Robert Longer it is cautiously optimistic a vaccine will be developed but warms our a A lot of unknowns. What we really need to show we just don't have right now is what is the efficacy of these vaccines? Are they say they are effective? You know how effective other and how long does that exceed last? That's really going to be an absolutely key questions Need To be honest, we know none of that. Oxford's vaccine has already begun final stage testing. AstraZeneca's saying it may begin to bring doses off it as early as September. Oh, pick Plus is confident that it can start easing deep production cuts next month without hurting the rally in oil prices. The group will proceed with his plan to gradually open the taps in August. Well, at least a 1,000,000 barrels a day of supply to the market. Prince Abdul Aziz bin Salman is Saudi Arabia is energy minister. He says his country will do whatever's necessary as oil demand recovers from the Corona virus crisis. Mindful of the fact that we still have a virus that we need to attend to, and make sure that also that we will use every tool in our kid to ensure that we mitigate any potential possibilities that might emerge. Abdul Aziz bin Salman said that OPEC plus would only consider calling an emergency meeting to reverse the easing of the cuts. If severe economic lockdowns return at the moment we see W T I crewed Trading at $41.3 a barrel. Google has agreed to cooperate with the Indian company Reliance Industries on technology initiatives, including the development of affordable mobile phones. In the alliance. Google has agreed to invest for half a $1,000,000,000 in India's geo platforms owned by Reliance. Google, signifying 7.7% of reliance is digital services armful run about ₹337 billion. They've also in the process joined the lights of Facebook, Intel and Qualcomm have also been buying steaks. All right, The time is 33 minutes past the hour. Let's get a check of the markets looking at Nikkei futures 9 22,055 That's about 50 points higher than the cash clothes yesterday. Small gains expected in some of the other markets. Hank Sing Index Futures are up 1/4 of a percent and looking at Footsie China a fifties, up about 4 10 7%. Yesterday was another rough day for equities in China. A couple of days in row. Now C s I 300 was down 1.3% expecting a ton of data later today, including GDP numbers at the moment. The offshore Chinese currency is at 6 98 37 against the U. S dollars. So quite a lot of strength there. Dalian 106 94 protracted weakness over the past couple of days in the U. S. Dollar. He was down another 3/10 of a percent trading flat here at the moment yield on the 10 year just under 63 basis points. We mentioned that oil is tracking a little bit lower, but did climb well over $41 a barrel earlier. Gold is flat, $1813 announced. The Federal Reserve's said the economy showed signs of early recovery in the beginning of July that helped boy U. S markets. The Dow was up 9/10 of a percent similar gains for the S and P 500. And we had the AstraZeneca story that we just told you about. A moment ago, the stock was up 5.2%. On a potential breakthrough there, and we don't have surged as well. So recovery on the minds of investors, at least for this day. Rick back to you. Alright, well, Twitter is scrambling to solve the hack that has money being transferred into crypto currency accounts. Ed Baxter has that story. The rest of the global news and Ed when something is too good to be true, it probably is. But where did you hear that? Yeah,.

Google AstraZeneca vaccine Oxford University Bloomberg Daybreak Asia Salman Ed Baxter Footsie China Australia Reliance Hong Kong Rashad Sullivan Prince Abdul Aziz Reliance Industries United States Abdul Aziz Bloomberg Healthcare Twitter Singapore Saudi Arabia
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 2 years ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"Slash awards this is a blue but money minutes massive study published this month in the journal of the American medical association as creating shockwaves for thousands of lawsuits pending Johnson and Johnson against users of its tell products who developed ovarian cancer this study that has just come out basically says we look at two hundred fifty thousand women we looked back over their history of baby powder use as well as their incidence of cancer Bloomberg healthcare reporter do Armstrong says it found very very small differences between the two groups those that use these baby powder products and those that did not it's essentially saying that there is not a strong link for Johnson and Johnson which faces potentially billions in losses from almost seventeen thousand cancer lawsuits the findings are good news because the appear to support its claim that other factors may have contributed to to help users cancers can access other exposures you know just bad luck age all of those things can come into play but the benefit for J. and J. maybe muted depending on whether study findings are allowed by judges and they do not apply to the two thousand lawsuits brought by missile P. Leona sufferers I manager day Bloomberg radio bottle shot a senior project engineer at Mott macdonald a global engineering consultancy with more than sixteen thousand employees he earned his PhD at New Jersey institute of technology and as an adjunct professor is helping and J. I. T. students explore emerging technologies my focus is for Newmarket simmers technologies Betty of floating cities what are we doing to develop that what will happen is in the water would have wave city have solar how you know develop plans I gonna develop education farming that's sort of thought process happens at NJIT we actually planned out what with us we look like how we develop that so ten years Russia ready take on those challenges when we have our first develop and water injecting also has been given a lot of work in self healing material so taking the Palmers and it did you would show that we have in our materials.

Johnson reporter Armstrong senior project engineer Mott macdonald adjunct professor Betty NJIT journal of the American medica P. Leona Bloomberg J. I. T. Newmarket Russia
"bloomberg healthcare" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:42 min | 2 years ago

"bloomberg healthcare" Discussed on Bloomberg Radio New York

"Slash awards this is a bluebird money minutes massive study published this month in the journal of the American medical association as creating shockwaves for thousands of lawsuits pending Johnson and Johnson against users of its tell products who developed ovarian cancer this study that has just come out basically says we look at two hundred fifty thousand women we looked back over their history of baby powder use as well as their incidence of cancer Bloomberg healthcare reporter do Armstrong says it found very very small differences between the two groups those that use these baby powder products and those that did not it's essentially saying that there is not a strong link for Johnson and Johnson which faces potentially billions in losses from almost seventeen thousand cancer lawsuits the findings are good news because the appear to support its claim that other factors may have contributed to tell the users cancers genetics other exposures no just bad luck age all of those things can come into play but the benefit for J. and J. may be needed depending on whether study findings are allowed by judges and they do not apply to the two thousand lawsuits brought by missile the Leona sufferers I manager day Bloomberg radio bottle shot a senior project engineer at Mott macdonald a global engineering consultancy with more than sixteen thousand employees he earned his PhD at New Jersey institute of technology and as an adjunct professor is helping and J. I. T. students explore emerging technologies my focus is renewable markets submerged technologies Betty of floating cities what are we doing to develop that what will happen is in the water would have wave city have solar have him you know develop plans I gonna develop education farming that's sort of process happens at NJIT we actually planned out what with us we look like I would develop that so ten years Russia ready take on those challenges when we have our first develop in the water and yet he also has been doing a lot of work in self healing material so taking the Palmers and it did you would show that we have in our materials sizes apartment to put him to things like concrete things like steel reinforcing our soil and J. I. T. New Jersey institute of technology learn more at NJ I. T. dot E. D. U. just just really really good guy the term good day isn't enough to describe but he's also certified organic and free range which puts the cap back on everything the toothpaste a little boy who he lets his ten year old nephew beat him that virtual tennis even though he can street of sleigh after yes with the toilet paper is running low which replaces the role on the actual holder not just on the back of the toilet texting and driving rich what are you.

Johnson reporter Armstrong J. senior project engineer Mott macdonald adjunct professor NJIT tennis journal of the American medica Leona Bloomberg J. I. T. Russia J. I. T. New Jersey institute NJ