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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.

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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

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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.

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Crime

Six People Killed in Shooting at Independence Day Parade

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800px 4th of July Independence Day Parade 2014 DC 14466342590
  • Six people were shot dead at an Independence Day parade near Chicago, Illinois. The gunman is still unknown and actively being searched for.
  • The gunman, who is being described as a white man near the age of 20, started shooting at random with a high powered rifle from a rooftop. The parade, which should have included hours of activities and entertainment, quickly ended and crowds were dispersed.
  • Those living in nearby suburbs or areas where the suspect might have gone have been told to shelter in place.
  • July 4th marks the colonies gaining independence in 1776 from Great Britain and the formation of the United States of America.

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.

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Crime

Eight Gang Members Arrested and In Possession of Underwater Drones

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800px Drug trafficking Caribean Sea
  • Spanish police arrested eight gang members that had unmanned underwater drones, six aerial drones, as well as other illegal substances in their possession.
  • The police said the drones could be used for illegal purposes, specifically “to be delivered to French narco-traffickers to be used to transport significant quantities of cocaine.”
  • One of the underwater vehicles was completely built, and two more were still being completed. The drones could potentially be controlled from anywhere in the world.
  • More than a year long investigation was carried out with the help of the French police to investigate the gang and arrest members in Cadiz, Malaga, and Barcelona.

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.

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Daily Brief

Three People Killed in Copenhagen Mall Shooting

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800px Fisketorvet Copenhagen Mall Interior 15915770832
  • Three people were killed at a mall in Copenhagen, Denmark after a gunman started randomly shooting with a rifle.
  • The suspect is a 22-year old Danish man with a mental health condition and “known among psychiatric services,” according to Copenhagen police chief Soren Thomassen.
  • Two Danish teenagers were killed, one boy and one girl, and a 47-year old Russian citizen. Four other people are in critical condition from the shooting.
  • Prime Minister Mette Frederiksen spoke about the incident, stating, “Our beautiful and usually so safe capital was changed in a split second.”

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.

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Daily Brief

Argentina’s Economy Minister Quits

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Martin Guzman
  • Argentina’s economy minister, Martin Guzmán, resigned from his post after a week of economic crisis in a 7 page letter published on Twitter.
  • Guzmán initiated office in 2019 taking lead in restructuring Argentina’s debt.
  • In addition to the global rise of food and energy costs, Argentina is battling with 60% inflation.
  • In his letter of resignation, Guzmán calls for a “political agreement within the governing coalition.”
  • Many speculate his statement was in reference to his deputy – Cristina Fernández de Kirchner – whom he was openly at odds with when approaching the country’s economic problems.
  • Prior to the resignation, Fernández took to criticizing economic policy starting with Guzmán’s inflation strategy.

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.

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Daily Brief

3 Hezbollah Drones Shot down by Israel

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Levant Basin
  • The Israeli military says one drone was shot down by an F16 fighter jet and the other two by Barak 8 missiles via ship.
  • The drones were unarmed.
  • In an official statement Hezbollah confirms ownership of the drones which were heading for the Karish gas field in disputed territory off the Mediterranean coast of Israel.
  • Israel previously announced plans to extract gas from the offshore rig, eliciting threats from Hezbollah’s leader Hassan Nasrallah.
  • The disputed territory amplified tensions between Israel and Lebanon.
  • Benny Gantz, Israeli Defense Minister, accuses Hezbollah of barring Lebanon from cooperating with Israel concerning maritime borders.
  • This incident evoked support for Hezbollah, many taking to social media platforms to express gratitude for the militant group’s brazen confrontation against Israel’s platform in the Mediterranean. 

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.

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Daily Brief

Russian Forces Finally Abandon Snake Island as a Gesture of Goodwill

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Battle of Snake Island 2022
  • Russian forces have officially abandoned Snake or Zmiinyi Island as a gesture of goodwill in order to prove that it was not obstructing grain exports. But this claim was instantly dismissed by Ukraine once Moscow continued to shell its grain stores. 
  • Snake Island was seized by Russians on February 24; the island, which is just 22 miles away from Ukraine, is exposed to attacks from all directions, including air and sea. Once Russia seized it, Ukraine attacked the island itself and any vessels carrying troops or heavy weaponry. 
  • Ukrainian military analyst Oleh Zhdanov states that controlling this island and stationing troops doesn’t make sense for either side and the island is an easy target. He argued that maintaining “fire control,”.which is having the capability to strike any target approaching the island, is a better advantage for either side. 
  • The key question is whether the Ukrainians will consider  exporting grain to reboot the war economy. However, the Russian warships still gain dominance over the Black Sea, and although they are offering Ukraine to export grains from Odessa, Ukraine rejected it due to it having to remove mines from outside the port. 

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.

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