Well im Richelle Carey this is counting the cost on aljazeera your look at the world of business and economics this week billions now to save trillions in lost economic output the hunt for a vaccine is on well talk to the c. E. O. Of a drug maker that is using a cancer drug in trials to treat over 1000. 00 patients and from senegal the 1. 00 test kit. Oil shock through to sinks into negative territory now cheap oil may be good for some users but it also means job losses as rigs shut down production. As government spent trillions on keeping a condemnation from collapsing it is time to consider the other crisis Climate Change and starting to issue green beyond. What should take 10 to 15 years the Global Scientific Community hopes to cramp in 2 months World Health Organization says there are 70 vaccines in the works for covert 193 of the most promising rall ready in testing the billions being spent now could help return the economy back to normality for now though these on and off lock downs and flare ups could be the norm and there is no guarantee that any will work the bella Melinda Gates foundation will fund the manufacture of 7 potential vaccines despite the fact billions of dollars could be wasted maybe one or 2 will actually be successful but bill gates argues losing a 1000000000 is better than the Global Economy losing trillions of dollars. The United States has set aside 27000000000. 00 including for the development of vaccines and bet almost 500000000. 00 on drug maker merck to deliver its coben 1000. 00 back saying which is already in trials tech start up the devil has unleashed its Artificial Intelligence power to fund existing drugs that may be used in the fight against this pandemic is identified a Rheumatoid Arthritis drug from eli lilly that may do the job its just one of many drugs though that are in trials right now and its not just the western world that has the scientific know how to beat the virus and senegal a laboratory is used its aids in a bowl experience to develop a 1. 00 kovan 1000. 00 testing kit aljazeera has more. Senegal is doing what most countries count testing everyone symptoms are not entering a Health Center for the Novel Coronavirus it has no shortage of testing kit thanks to this lab at the best researchers are developing a one dollar quick diagnose ticket originally made to test for dengue fever patients drop blood or saliva on to the devices and wait for a blood line to appear like a pregnancy test explains researcher i do sell. There is no need for a highly equipped its a simple test that can be done anywhere the idea is to rip at least produce 2. 00 to 4000000. 00 kits not just for us but for african countries so that we can detect and isolate patients quickly the sick are administered a cheap anti malarial drug called chloroquine commonly found in Subsaharan Africa where malaria is endemic while the World Health Organization cautions the use of it to cardboard scientists says its an Affordable Treatment for poor african countries dealing with the outbreak. In these clearing. The virus from respiratory system proven in making said people on the more contenders. Know more sick. With only 50 ventilator machines for 16000000. 00 people senegalese engineer using a 3 d. Printing machine to produce more well imported ventilators costs 16000. 00 and this one is just 60. 00. Sinegal is counting the cost and its paying off more than a month into the outbreak the small west african nation suffered only 2. 00 death with most patients treated healed senegal has the largest rate of recovery in patients infected with the current virus in africa the 3rd in the world ahead of countries like the United States and france and while it has a tiny Health Budget compared to those countries it has a wealth of experience in dealing with Infectious Diseases and outbreaks over 3000. 00 children died of pneumonia last year in senegal thousands more from malaria coronavirus is one of many deadly infections the country is dealing with Lessons Learned from the aids epidemic the recent bull outbreak were key in senegal strategy in dealing with the pandemic. Im interested because summers are already. Important case coming in the country and the condition of movement in confinement of people from pm to 6 am i things so since. These measures were taken when there were less than 100. 00 cases scientific modeling predicted tens of thousands of infections and hundreds of deaths but this has not happened Early Detection and african led Research Means senegal is so far beating the odds Nicholas Hawk aljazeera the car. But there are no drugs to treat covert 19 enterprising pharmaceutical companies that are using existing drugs to help those seriously affected by the pathogen out there as robert also caught up with the chief executive of u. S. Drug maker sided die a strike has been used on ventilated patients with a high degree of success rob again by asking doctrinaire person about the results of the trials and how far off it was from getting Regulatory Approval were on the map is that humanize monell coronal antibody that was used for a child being the occasion for the last 20 years or so were about ready to finalize our application for fine and approval from f. D. A. Have been used for over 840 patients with 0 serious adverse event when corona virus hit the world are doctors dr Bruce Patterson an expert in the mechanism of action of our product indicated that we will not be able to be a vaccine nor we can stop people from getting corner virus with this product however the main reason the patients have mortality and morbidity is because the a r d is which is caused by coronavirus in lungs causes death in patients and he said that the cycle kind of storm is what causes a. R. V. s which is actually respiratory distress syndrome and he believes that this is the solution so when we 1st filed for emergency i and the 2 doctor had reshoots see him from month to fear medical school at that isin college of medicine that the f. D. A. Also was questioning whether this could have any impact the 1st 2 patients one of them self into baited and came aware of what. Came out of the city he said vision that sedation that he was on there and was able to sell x. To big then we did not more patient in that same hospital immediately and for patients who extubated 2 of them but this job. And then other doctors in south california use that 11 patient majority got very well and the patients that got this chart they were very much happy so they went to media they Start Talking to see b. S. I believe and they said that my life was saved and more patients are sort of wanting the product and we realize that this is really working out very well for everybody so we ask if the if are a face to the media to give us a green light for that we ask for phase 3 in a severe population of corner virus they also give us the green light for that and we are now close to asking this if the 8 to approve the drug for compassionate use for everybody who is is in severe condition because our mechanism of action which will we reach and we will be publishing a paper hopefully by the end of this week or so would show that their way to stop this virus is to stop that from killing people through a. R. V. s in their lungs and we are happy to see some positive result and we are going to continuously in broad in both of the trials that we have also so if the f. D. A. Gives you final cruel would that also apply to other countries would it be good enough for European Union or other countries to go ahead and start using the medication. So if country had their own rules and regulations United Kingdom has asked us already for the product to be involved in this test that we have they have indicated that the European Food and Drug Administration is agri to allow this product to be used in any Clinical Trial as long as the if he ate in United States i grease to allow the coup Clinical Trials to go forward and have a green light we have a green light not for phase 2 but also for one face 3 and final pivotal puts right we believe and the other countries also always they follow the guidelines of if the United States and the. European food and Drug Administration so if both of these are aligned then the rest of the world would also immediately would allow us to be used for this special problem. Can you give us any update on how the search for a vaccine against the corona virus might be going in vaccine does imagine if we were going to say ok we have a product we believe it has gone through most of the tests we want to test it now for final tests where you going to kick out these 2000 people give them perhaps the vaccine now if a 1000 of them are in place cboe and a 1000 are in the drug then youre going to have to wait to see who gets exposed to coroner virus and whos who wives who does it that process is very thing and thats why the United States media has been correctly indicating that the vaccine dr fowler she has also indicated that would take some time it takes usually 5 to 10 years but in this case theyre cutting through a lot of regulation to make it habitable hopefully in one year if they have something that works how can we ensure in the future that we dont have a double tiered system where wealthy countries and their residents have access to drugs to fight covert 19 but people who live in impoverished countries with weak Public Health infrastructure go without in the United States we have a bill Gates Foundation and i get the National Institute of Health Foundation reserve funding we have and for that has funding bar that has funny so all these funds that could be used to disperse this product without any cost to the 3rd world countries is going to be at work in media the i have been approached already by a couple of those institution and they are saying that your science look very strong your results look strong if the if it happens that you get approval which we think could happen in the next perhaps 6 to 8 weeks event if those best Case Scenario happen can we be involved to immediately have this protocol build up or for 3rd world country and we said absolutely yes they asked us for the cost of the product because its being minimum its not very large and its. We are able to cover the whole world we have on many facts in that sound sung by logic in south korea said with a click produced him into some of the products and we have manufactured the United States ready to go everything he said we need to walk and we need to have some proof of concept these are going very well be the patients who have received this part of the emergency i and the and reported it but the chinese that will blind it we dont know the results for another 2 or 3 weeks and then we will know what path we have to tick thank you thank you very much for having me on to shit. A pandemic a global glut and a lack of storage the perfect storm that set us all prices at a negative territory for the 1st time ever traders are forced to pay buyers to take the oil off their hands with oil at a store close the u. S. Oil industry is paying a heavy price that Many Companies by allowing for bankruptcy out of 0700 new ports from chicago. Across american oil country the pumps are shutting down since the coronavirus last much of the western world in their homes the floor has dropped out of the oil market is a gas station selling gasoline for 99 cents a gallon now you would think wow thats great and theyre pretty well run there was a line of people there to fill the course of the question is where are you going to go the price of the benchmark american crude west texas intermediate has collapsed from 60. 00 a barrel in january to below 20 in the past week across the u. S. The price at the pump is lower than its been in years because even at rush hour if you are buying the International Energy agency says the worlds appetite for oil hasnt been this low since 1995. Especially hit hard the fracking industry that turned the u. S. Oil industry into a net exporter since 2011 Fracking Companies which break rocks to find fuel need oil above 30. 00 a barrel to make a profit its not its not just that it was a company you know its the Oil Service Companies its the little towns in the oil patch that you know the motels the diners restaurants you know those types of things the Ripple Effect is tremendous when you go move out from the old gas company and all the ancillary companies that provide them services and parts so im afraid its going to be ugly the 1st casualty came on april 1st denver based Whiting Petroleum declare bankruptcy if prices dont increase soon whiting will likely become only the 1st of hundreds of oil and related companies to do so right now if theyre like well its. Not were not 80. 80 you know maybe whatever. David a situation so the oil industry waits and worries until all the pumps return to service john hendren aljazeera chicago so despite opecs record Production Cut oil prices have fallen further has the oil cartel lost its ability to manage prices thats asked rajat kapoor hes an oil analyst and managing director of oil and gas at a w. R. Lloyd we appreciate your time very much right so what about that what role can or should opec have been playing in this i mean how much power do they really have right now what is their influence when you talk about the big from the producers say. Whites they do have considerable amount of clout youve got a relays not i didnt lead the market has to be balanced by trying to be consumers and a bigger source but a lot of the seeing it was reflective of the negative prices of the going here that the deputy i was mortified to fall off the constraint in the supply chain in in in the Storage Infrastructure so. Has as as you said big plus plus to associate other countries including mexico and agreed for a price cut up to 9700000. 00 barrels a day but on the demand side of things we are seeing that that is it drop in demand which is much much more at times but why some analysts here say is that the demand draw for crude for the month of april is going to be 30000000. 00 about and who today now you just suppose that against a drop or a cut of 10000000 pounds of that boat thats not much you still have a huge supply cut that it means which does not find its way up its cannot find its way of to to consumers because you know that market is suddenly about it so what were saying with everything that has fallen off the cliff basically with debbie t. I do you think thats also going to happen with what brant which is the International Benchmark i mean youre talking about this oversupply is a problem that everybody is having so. What do you think is going to happen with bret prices. U. T. I. For in 20 years was as you said and only i was 37. 00 about it was to do because a good future for me. Had to be closed off had to be squared off on may 20th and there was no pleasing pushing the who want to take those. Additional buttons that is a peculiarity of the beauty where the grid has to be stored only in one piece. But and that we has a little bit more of it because physical storage of put in place not just in one location but one of the distributions doubling back to your point but end for all good fun of the cliff as deputy i has i think the answer to that is a gentle slowdown in all of the countries that work in general i am it came out with some numbers of what we did we did it expecting the word of the contract at 3 percent. That means last year it was a 3 percent drop this year be looking at people saying but traction what is the relationship between opec and what do they care about whats happening with the shale industry in the u. S. I think theyve got a key link because in many of your work both of them are producing and act different stages of life are competing for the consumer to families now as the north the whats to producing. In the u. S. Especially the shale backed is much higher than the cost of producing food in any of the a big. As you would batteries so when crude forms of the cliff today be the king at about 20. 00 per bottle. Of brand. Which you know has fallen down from you know about 6068. 00 by the start of this year whites this is going to bleed the producer countries in the opec it is also going to be lead the shared wild bunch in not the better not much of the u. S. But theyre going to rise up because that cost of producing grew on a book about a basis is much higher know whether theyll be able to survive the storm its very difficult because weve already seen Shell Companies and i was just hearing you a few minutes back that you spoke about is going into chapter 11 bankruptcy and you dont see more of this happening because for at least for this year the boomer did good prices but not be that dramatic at all hoping that it does not bottom out there does not go beyond that beyond below the current levels of 2022 but its but and it will it be nice but home much