Connect with us

Daily Brief

The Daily Brief: US Encounters German Opposition To Covid Vaccine Patent Waiver Proposal

Story Headline: A US Backed Proposal to Waive Patents for Covid-19 Vaccines Has Been Met With Backlash From Germany and Market Forces.

Published

on

US Encounters German Opposition To Covid Vaccine Patent Waiver Proposal
U.S. Secretary of Defense, CC BY 2.0, via Wikimedia Commons

Summary:

  • The US has recently announced their support of a proposal to waive patents for Covid vaccines, however Germany opposes the move stating that patents have not been hindering vaccination.
  • After the White House made their support of the proposal public, pharmaceutical stocks such as Moderna Inc., CureVac, and BioNTech plummeted more than 10%.
  • The stocks quickly rebounded after German Chancellor Angela Merkel weighed in on the conversation, however they have not returned to their original values.
  • The European Union is willing to discuss the proposal, and some members of bloc have even given their full support.
  • The US hopes that by waiving patents vaccination will speed up, especially in poor countries.
  • The proposal was submitted by India and Africa and was initially opposed by the US under former President Donald Trump’s Administration. The UK and EU also did not lend support to the proposal at that time.
  • The proposal gained momentum after the US endorsed it this week, however Germany remains against the idea stating that the plan would create “severe complications” for the production of vaccines and that “the protection of intellectual property is a source of innovation and must remain so”.
  • Developing countries generally support the proposal.
  • Several countries, including the US and Germany, will debate the plan in the coming weeks via the World Trade Organization before coming to a global agreement.
  • Sources:

BBC

Reuters

Bloomberg

  • Tweets:

Other Headlines:

French Fishermen Protest Post-Brexit Fishing Regulations

Photo: Myrabella / Wikimedia Commons
  • Angered by post-Brexit regulations regarding fishing rights, French fishermen protested near the Channel Island of Jersey on ships and boats, with some setting off flares.
  • Both the UK and France deployed patrol vessels to monitor the situation and prevent clashes or emergency situations.
  • The new regulations being protested involve additional license requirements for fishermen using the island, as well as access restrictions.
  • The European Union accused the Jersey government of adding the restrictions without reason. Jersey officials met with some of the French protesters in an attempt at cooperation, but no agreements have been made.
  • Tweets:

China and Australia Relations Worsen with Economic Dialogue Suspended

China Australia Locator
self, CC BY-SA 3.0, via Wikimedia Commons
  • China has ended all activity under the China-Australia Strategic Economic Dialogue in its latest action against cooperation with Australia.
  • Tension began between the two governments when Australia called for an investigation into the origins of the coronavirus. China then imposed sanctions blocking the imports on certain Australian products, such as beef, coal and wheat.
  • China accused Australia of having a “Cold-war mentality” and of being uncooperative. Australia’s trade minister responded by saying they were disappointed, but still open to discussion with China.
  • Chinese investments in Australia dropped 61% last year, and China is one of Australia’s biggest trade partners.
  • Tweets:

Shootout in Brazil leaves at least 25 dead

14102013 nova farda do BOPE 008
Governo do Rio de Janeiro/Rogério Santana, CC BY 2.0, via Wikimedia Commons
  • A police shootout in Rio de Janeiro over reports of drug traffickers recruiting children to their gangs has left at least 25 people dead. 
  • Residents of the area posted images on social media of the raid targeting the gang known for violence, kidnapping, murder, and other crimes
  • Sociologists have questioned the motive of the police operation stating that minor recruitment for gangs is quite prevalent and conspicuous in Brazil’s violent states, so these reports must not have come to the police as a new discovery.
  • A police officer was among the dead in the warlike raid that has been the most deadly in the city’s history, bringing outrage and shock to the country.
  • Tweets:

International pressure calls for arms embargo on Myanmar

T 72 Ajeya
Vivek Patankar, CC BY 2.0, via Wikimedia Commons
  • More than 200 NGOs and Amnesty International have called for an arms embargo on Myanmar following the deadly and violent crackdown of protests by the military.
  • The country has been in social and political turmoil since the ousting of elected government leader and Nobel Laureate Aung San Sui Kyi.
  • Civil society groups around the world have released a joint statement calling for a global arms embargo to protect the peaceful protestors and civilians violently shut down by the military, expressing mere condemnation of the military’s crackdown is not sufficient 
  • Tweets:

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Daily Brief

Salman Rushdie Severely Stabbed due to his Publication of the Book “The Satanic Verses”

Published

on

Salman Rushdie 2014
  • Salman Rushdie, an author, was severely stabbed in his neck and abdomen on stage by a suspect named Hadi Matar, causing him to be on a ventilator and potentially losing an eye.
  • An Iranian leader back in the 20th century wanted Rushdie killed because of his novel, Satanic Verses, that many Muslims found disrespectful. This led Salman to go into hiding for almost a decade.
  • Translators from different countries reading this book were harshly stabbed to death when the book came out and Iranian leader, Ayatollah Khomeini called for Salman’s execution for three million dollars.
  • The Iranian government has not yet responded to this issue, but many Iranians in the media claim him to be an apostate who later became an atheist.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Continue Reading

Daily Brief

China Threatens Consequences if Pelosi Visits Taiwan

Published

on

800px Nancy Pelosi 47998984512
  • US House of Representatives Speaker Nancy Pelosi has landed inTaiwan. Prior to the visit, China’s Foreign Ministry has voiced their disapproval, stating that “China will take resolute responses and strong countermeasures to defend its sovereignty and territorial integrity.”
  • US Secretary of State Antony Blinken emphasized in response  that “The speaker will make her own decisions about whether or not to visit Taiwan,” and that the US is looking to Beijing to “act responsibly and not to engage in any escalation going forward.”
  • The US has made it clear that members of Congress routinely visit Taiwan and that this trip is non-threatening and has precedent. Even so, some officials have expressed concern that China may invade Taiwan’s air defense zone or send missiles near Taiwan in retaliation.
  • Pelosi has criticized China’s leadership and vocalized support for Taiwan in the past. She is currently on her tour of Asia, with scheduled visits to Singapore, Malaysia, South Korea and Japan.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Continue Reading

Daily Brief

First Grain Ship Departs Ukraine After Six Months of Russian Blockade

Published

on

Odesa pristav
  • The first shipment of grain departed the port of Odesa on Monday after Russia’s blockade of Ukrainian ports for the last six months trapped around 20 million metric tons of wheat and corn.
  • Russia recently made a deal with Ukraine, brokered by the UN and Turkey, allowing grain exports to resume, appeasing fears of a global food supply crisis and rising prices.
  • Ukrainian Foreign Minister Dmytro Kuleba celebrated the shipment, calling it a “day of relief for the world, especially for our friends in the Middle East, Asia, and Africa.”
  • Ukrainian President Volodymyr Zelensky was more hesitant to celebrate the shipment, stating “it is too early to draw any conclusions and make any forecasts” and he wants to “see how the agreement works and whether security will be really guaranteed.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Continue Reading

Daily Brief

Concerns Rise As US Teeters on the Brink of Recession

Published

on

US Stock Market Investing in the United States
  • The US economy declines for the second quarter in a row, causing, what other countries would consider, an economic recession. 
  • The prices for groceries, gas, and other basics are rising at the fastest pace since 1981. The US Central Bank is quickly trying to raise borrowing costs in order to cool the economy and ease the prices on goods, but with the contraction, at the annual rate of 0.9% in the 3 months to July, many are still getting concerned. 
  • President Biden struggles to convince the public that the economy is sound, with the unemployment rate at a low 3.6%. But with inflation in the US hitting 9.1% in June, the fastest price appreciation in 4 months, consumer spending has slowed at an annual rate of 1%. 
  • Many other countries, such as China and the UK, have been hit harder by the surge in energy prices and the War in Ukraine, causing risks from abroad. Other countries are facing much more serious problems and once they’re hit, their problems can spill over and affect the US. 

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Continue Reading

Daily Brief

North Korea Could Possibly Be Preparing another Nuclear Test

Published

on

North Koreas ballistic missile North Korea Victory Day 2013 01
  • North Korea could be preparing a seventh nuclear test, especially after Mr. Kim announced that the country is fully ready for any military confrontation with the US at a Korean War Anniversary event. 
  • A US special representative in North Korea states that Jong-Un has tested an unprecedented number of missiles this year—31 to 25. Jong-Un also stated that threats from the US required North Korea to achieve the urgent historical task of strengthening its self-defense. 
  • Jong-un also stated that South Korea is reviving a plan to counter North Korea’s threat by mounting precautionary strikes; in June alone, South Korea launched 8 missiles of its own.
  • The North Korean regime is especially angry with South Korea’s new president Yoon Suk-yeol and his so-called Kill Chain strategy. This strategy allows South Korea to launch ballistic missiles and air strikes on North Korean targets if it ever feels threatened. 
  • North Korea has also not been getting as much engagement with Washington ever since Biden replaced Trump, and could be hinting at some sort of deliberate escalation by the North, and preparations have been underway at the Punggye Ri test site since March.

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Continue Reading

Daily Brief

Russia Limits Gas Supply to Germany

Published

on

Black Sea port of Theodosiya panoramio
  • Gazprom, a major Russian energy provider, has stated it will reduce the supply of gas to Germany by half via the Nord Stream 1 pipeline due to repair work. 
  • Germany has said that they see no technical reason for the decrease in gas supply. The European Union continues to accuse Russia of weaponizing energy, with Ukrainian President Volodymyr Zelensky stating, “This is an open gas war that Russia is waging against a united Europe.”
  • Ukraine and Russia signed an agreement to allow the export of grain via the Black Sea after Russia continued to block millions of tonnes from being exported. The next day, Russia struck missiles at the port, some of which hit the infrastructure of the port.
  • The US and Ukraine are optimistic that the agreement will still be implemented, with the US State Department stating, “Despite these attacks, we do understand that the parties are continuing preparations to open Ukraine’s Black Sea ports for food and fertilizer exports…we also continue to expect that the Black Sea agreement will be implemented.”

All views expressed in this editorial are solely that of the author, and are not expressed on behalf of The Analyst, its affiliates, or staff.

Continue Reading

Recent Comments

Articles