(Bloomberg) -- Wealthy countries have already locked up more than a billion doses of coronavirus vaccines, raising worries that the rest of the world will be at the back of the queue in the global effort to defeat the pathogen.Moves by the U.S. and U.K. to secure supplies from Sanofi and partner GlaxoSmithKline Plc, and another pact between Japan and Pfizer Inc., are the latest in a string of agreements. The European Union has also been aggressive in obtaining shots, well before anyone knows whether they will work.Although international groups and a number of nations are promising to make vaccines affordable and accessible to all, doses will likely struggle to keep up with demand in a world of roughly 7.8 billion people. The possibility wealthier countries will monopolize supply, a scenario that played out in the 2009 swine flu pandemic, has fueled concerns among poor nations and health advocates.The U.S., Britain,...
Bitcoin and Ethereum crashed by 12% and 20% respectively in about 6 minutes as more than $1 billion of positions were liquidated. Bitcoin’s price went from $11,930 to $10,550. By press time, the price has now recovered to about $11,400. Ethereum crashed from $408 to $326. By press time, the price has now recovered to […]The post Bitcoin and Ethereum crash by more than 12% in 6 minutes as more than $1B of positions gets liquidated appeared first on The Block....
(Bloomberg Opinion) -- Trading saved European Big Oil from the full impact of this year’s oil crisis. It’s not the first time that massive profits from in-house trading desks ameliorated poor operating results from the core business of finding and producing hydrocarbons — and it won’t be the last. But the companies may struggle to carry this safety net into the era of decarbonization.As my Bloomberg Opinion colleague Chris Hughes wrote this week, Royal Dutch Shell Plc proved it could make a profit even amid the carnage of the oil market in the April-June quarter. The slump in oil and gas production — down 7% year on year and 11% quarter on quarter — and collapse in prices was offset by aggressive cost and capital-expenditure reductions, plus a “very strong” trading result.The company’s American peers, Exxon Mobil Corp. and Chevron Corp., largely avoid pure trading, sticking instead to marketing their own production. That deprived them of the safety...
The SpaceX Dragon capsule is bringing two NASA astronauts back to Earth after Elon Musk’s company made the first commercial trip to orbit. Photo: Associated Press...
It’s a busy week ahead for the markets. Economic data, COVID-19 updates, and political wrangling on Capitol Hill are just a few of the things to consider....
