Biden Says The End of the Global Pandemic Could Extend Past 2022

About This Source - Bloomberg QuickTake: Now

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.

Recent from Bloomberg QuickTake: Now:

  • Simone Biles, Naomi Osaka Put Mental Health in Olympics Spotlight
  • Schumer: Climate Change Will Be Worse Than Covid If We Don’t Act Now
  • LIVE: Biden’s ‘Summer of Joy’ Turns Grim as Delta Infections Skyrocket | Top News
  • Bloomberg Quicktake: Now published this video item, entitled “Biden Says The End of the Global Pandemic Could Extend Past 2022” – below is their description.

    The Group of Seven fell a little short on fulfilling a pledge of 1 billion additional vaccine doses it will donate to developing nations, revealing gaps in the bloc between vaccine haves and have-nots.

    The world leaders made the 1-billion-shot pledge on Sunday — and German Chancellor Angela Merkel said the G-7 would collectively distribute 2.3 billion vaccine doses to developing countries by next year.

    “Recognizing that ending the pandemic in 2022 will require vaccinating at least 60% of the global population, we will intensify our action to save lives,” the leaders said in their final communique from the G-7 summit in the coastal Cornwall region of the U.K.

    But Merkel’s larger figure includes a much wider array of contributions already offered, as well future exports, according to a European official.

    So far, the G-7 countries have promised only as many as 700 million truly new doses, funded in part by previously announced aid. If doses already announced in recent weeks by G-7 and EU nations are included, the tally grows to 870 million doses, as the communique notes.

    To reach the 1 billion figure, G-7 officials included pledges made starting back in February.

    The leaders clearly wanted to make a big splash with the promise. U.K. Prime Minister Boris Johnson kicked off the summit by emphasizing the target, and U.S. President Joe Biden hailed his government’s commitment to supply half of the 1 billion new doses.

    The biggest batches come from countries that had cornered the market early on for domestic use. The U.S. and the U.K. account for nearly all the new pledges — after they steered hundreds of millions of doses produced on their soil for their own citizens, while restricting exports for months.

    That approach led to stark vaccine disparities globally, even among the wealthy members of the G-7. The U.S. and U.K. have fully vaccinated nearly half their populations while Japan and Canada have fully vaccinated less than 10%.

    “It’s a good step, but the G-7 should feel far from content,” said Krishna Udayakumar, the founding director of the Duke Global Health Innovation Center.

    “It seems like for an announcement, they went for a nice big round number without a lot of detail around it. Hopefully there is detail around it, as opposed to being figured out after the fact,” he said.

    Health advocates have warned that the world needs billions of doses to quell the pandemic and to halt uncontrolled spread that generates more dangerous variants, against which vaccine protection may be less effective.

    The pledges come as the bloc grapples with another question — whether and how to lift intellectual property rights protections for the vaccines. Biden threw his weight behind that idea but it has languished after Merkel opposed it.

    Despite some lingering resentment, the new doses pledged at the summit are a welcome sign to nations without domestic vaccine production that have been desperately awaiting shots. The new and existing pledges include:

    500 million Pfizer Inc. doses pledged by the U.S., for delivery beginning in August and through 2022, on top of 80 million Biden previously announced

    100 million doses pledged by the U.K. from a mix of manufacturers

    as many as 100 million doses pledged by Canada at the summit

    100 million doses pledged by the EU at a meeting last month, including 75 million from Germany, France and Italy — the EU’s G-7 members

    While some of that was previously announced, the latest measures are also in some cases not entirely new. The 500 million doses pledged by the U.S. will be funded in part by $2 billion that Biden had initially promised for Covax, the World Health Organization-backed initiative aimed at facilitating equitable global distribution. Biden will claw that money back and buy doses directly, then work with Covax to distribute them.

    Biden also has said he’ll share 80 million doses by the end of this month. Those are expected to be a mix of Pfizer, Johnson & Johnson, Moderna Inc. and AstraZeneca Plc shots.

    The 100 million U.K. doses — including 5 million to be distributed by September and a total of 30 million in 2021 — will be a mix of several suppliers and will be based on U.K. supply. The cost of the doses remains unclear.

    The Canadian doses are a mix of those funded by a previous C$440 million ($361.9 million) pledge to Covax, as well as surplus doses the country ordered. Prime Minister Justin Trudeau’s vaccination program initially struggled from a lack of domestic production, leaving it reliant on imports and now facing a belated wave of orders rolling in.

    Bloomberg Quicktake: Now YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: AstraZeneca

    AstraZeneca plc/AB (LON: AZN) is a British-Swedish multinational pharmaceutical and biopharmaceutical company with its headquarters in Cambridge, United Kingdom and Södertälje, Sweden. Its R&D is concentrated in Cambridge in United Kingdom, Södertälje in Sweden, and Maryland and Toronto in North America.

    3 Recent Items: AstraZeneca

  • Residents of hotspots struggle to find vaccines | Coronavirus | 9 News Australia
  • Vaccine rollout steps up as PM vows to give every Australian opportunity to get vaccinated | 7NEWS
  • NSW braces for lockdown extension, NSW pharmacies expecting vaccine spike | 9 News Australia
  • In This Story: Canada

    Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.

    Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.

    Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.

    As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.

    2 Recent Items: Canada

  • Indigenous leaders call for investigation of all former residential schools
  • Fears of fourth wave as COVID-19 cases rise in Canada’s west
  • In This Story: France

    France is a republic and the largest Western European nation. Through expansion and colonisation in the 17th and 18th centuries France became a great power and still retains territories around the world. It has a seat on the UN security council and is the world’s fourth most wealthy country with a high standard of living and strong cultural identity.

    6 Recent Items: France

  • US swim star Dressel takes second Tokyo gold in men’s 100m freestyle • FRANCE 24 English
  • Biles withdraws from second Olympic gymnastics event to focus on mental health • FRANCE 24
  • Pegasus Affair: Israel tells France it is taking spyware allegations ‘seriously’ • FRANCE 24
  • Peru’s Castillo assumes presidency, vows to bridge social divide • FRANCE 24 English
  • Tunisia president offers ‘penal settlement’ to Tunisians who stole $4.8 bln • FRANCE 24 English
  • France allegedly warned US about Wuhan lab concerns prior to pandemic
  • In This Story: Germany

    Germany, officially the Federal Republic of Germany, is a country in Central and Western Europe. It lies between the Baltic and North seas to the north, and the Alps to the south.

    Germany is a federal parliamentary republic led by a chancellor. With over 83 million inhabitants of its 16 constituent states, it is the second-most populous country in Europe after Russia, as well as the most populous member state of the European Union. Its capital and largest city is Berlin, and its financial centre is Frankfurt; the largest urban area is the Ruhr.

    5 Recent Items: Germany

  • German top court finds Cum-Ex trading illegal | DW News
  • Germany: Syrian doctor charged over torturing civilians in Syria
  • Germany: Syrian doctor charged over torturing civilians in Syria
  • Negative COVID-19 tests could soon be required for all arrivals in Germany | DW News
  • This is not a game. This is for the GOLD! 🥇 #Tokyo2020 #Dressage
  • In This Story: Italy

    Italy is a republic in central Europe which forms a peninsula in the Mediterranean Sea as well as bordering France, Switzerland, Austria and Slovenia. The islands of Sardinia and Sicily form part of the main territory of Italy. Italy is part of the Eurozone, having entered the common currency on 1st January 1999.

    The capital, Rome, is home to the Vatican as well as landmark art and ancient ruins. Other major cities include Florence, with Renaissance masterpieces such as Michelangelo’s “David” and Brunelleschi’s Duomo; Venice, the city of canals; and Milan, Italy’s fashion capital.

    4 Recent Items: Italy

  • Italians Line Up for Covid Vaccine After Country Launches Green Pass
  • Afghan refugees struggling to reach Turkey through Iran
  • Italy flooding: Towns around Lake Como battered by extreme weather
  • Lake Como landslides: Dozens of houses buried in debris after heavy rainfall
  • In This Story: Japan

    Japan is an island country in East Asia located in the northwest Pacific Ocean. Part of the Pacific Ring of Fire, Japan comprises an archipelago of 6,852 islands covering 377,975 square kilometers (145,937 sq mi); the country’s five main islands, from north to south, are Hokkaido, Honshu, Shikoku, Kyushu, and Okinawa. Tokyo is Japan’s capital and largest city.

    Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.

    Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.

    4 Recent Items: Japan

  • Weightlifter Detained in Uganda After Going Missing in Japan
  • Sport for Sustainability and Climate Action – SDG ZONE at TOKYO
  • Asian nations struggle to contain highly infectious Delta strain | The World
  • Olympic gymnast Simone Biles praised for mental health stance
  • In This Story: Joe Biden

    Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.

    He is married to Dr Jill Biden.

    Books by Joe Biden #Ad

    6 Recent Items: Joe Biden

  • LIVE: Biden’s ‘Summer of Joy’ Turns Grim as Delta Infections Skyrocket | Top News
  • Biden touts American manufacturing, infrastructure deal
  • Redo vote on bipartisan infrastructure deal could come Wednesday night
  • New York City Will Pay You $100 to Get a Covid Vaccine
  • Biden Tours Pennsylvania Truck Factory
  • Senate negotiators reach an agreement on infrastructure bill
  • In This Story: Moderna

    Moderna is an American biotechnology company based in Cambridge, Massachusetts that focuses on drug discovery, drug development, and vaccine technologies based exclusively on messenger RNA.

    CEO: Stéphane Bancel (2011–)

    Stock ticker: (NASDAQ:MRNA)

    5 Recent Items: Moderna

  • Queensland offers to manufacture COVID-19 vaccines | Coronavirus | 9 News Australia
  • Callout for volunteers to test new Australian COVID jab | 7NEWS
  • Quebec allowing 3rd dose of COVID-19 vaccine for travel purposes
  • Canadian travellers frustrated as some US cruise lines won’t recognize mixing COVID-19 vaccines
  • Johnson & Johnson vaccine much less effective against delta variant, new study says
  • Leave a Comment