Exactly. Are no laws are sculpture history. Travel extremely worth a visit. As the rate for a cove is 19 vaccine heats up German Biotech Company karabakh goes public in a bid to raise cash for Clinical Trials u. S. President donald trump is among those whod be keeping a close eye on the companys progress. Also coming up the u. S. And china are prepared to resume trade talks the backdrop of a Global Pandemic and washingtons threat to bomb social media giant take top. Business im Kate Ferguson thanks for joining me. It was a hotly anticipated i. P. O. And it turns out to have been as lucrative as Analysts Expect it German Biotech Company karabakh has made well over 200000000. 00 in its debut on the enough Stock Stock Exchange giving it a total value of a bite 2800000000. 00 for firm is working on a covert 19 vaccine and wants to use the funds to pay for Clinical Trials. For more lets bring in Business Correspondent yes quite to yes how much of a boost is this for a cure back. Well its clearly helpful i mean a good 200000000. 00 that is very promising and it was a very good start here in midtown manhattan at the stock up by 250 percent so it more than tripled in the 1st trading day but youre of it already said that theyre going to need to more money probably hundreds of millions of dollars maybe from a safety cofounder a deeper hole pool is one of the big investors in a cure a victim also of the bill and Melinda Gates foundation are in vested and if you look at other companies that already listed before the pandemic started they actually sold. To see if successful for billions of dollars and theyre also getting hundreds of millions of dollars from some governments to speed up the development of the vison so clearly this i. P. O. Money wise is helpful but more money will be needed. So you can search for a vaccine is turning into something of a modern day basic race where when you place your back in a list. Well i mean right now if theyre already in the early stages they got just got the thumbs up for phase one trial they will then soon start was Clinical Trials of other companies if you look at nowak so moderna pfizer was the german Partner Company on take most of them already started phase 3 trial so its early in the game but even the more every dollar is needed to speed up the process for finding a scene as soon as possible in school i think in new york thanks as ever. To some of the other business stories making news. Germanys finance ministry has denied allegations of Insider Trading at the countrys financial watchdog it said the increase in employee trading of wire card stock was not unusual compared to other volatile companies wire cards filed for insolvency in june after a 2100000000. 00 hole was revealed in its accounts. The United States has seize the fuel of board 4 iranian tankers banning for venezuela disrupting a key supply line for both terror ron and caracappa asleep to fight u. S. Sanctions the u. S. Justice Department Says the cargo amounts to over a 1000000 barrels of petroleum making it the largest ever u. S. Seizure of iranian fuel. The turkish lira has full into a new low wakens the us dollar after years of declining value its now worth just over 0. 13 making it one of the worst performing currencies among emerging markets rising inflation a result of a cheap loan policy has added to pressure on the lira. Google says it will no longer respond to Data Requests from hong kong the move follows beijings introduction of a new National Security law in the territory critics say the legislation is designed to target protesters and free speech. In the United States on china are due to resume trade talks this weekend 8 months after agreeing to phase one of a trade deal the contentions couldnt be any more tense the world is in the grips of a pandemic which u. S. President Donald Trump Blames on beijing and washington is in the middle of a crack on chinese tech giants. The Popular Video service to talk is facing about and. 8 thats what President Donald Trump wants citing concerns over the chinese states potential access to the user data take top collects then tick tock happens to be very successful in the u. S. It may yet avoid a ban if an American Company takes over the video platform and its 100000000 american users until september 15th. Both microsoft and twitter have registered interest and negotiations are ongoing. Is already banned the messaging app is a must have in china and most chinese smartphone users have it installed in their phones phones they take with them when they move to the us to work or study but the number of we users is far behind that of tick tock these are only the latest battleground in the fight protect supremacy between the u. S. And china but it takes 2 to play the game American Social media platforms like facebook and twitter have been banned for years and chinese tech conglomerate huawei has been a bone of contention for the u. S. Despite washington sanctions however while way still managed to sell more smartphones than any other company but whether that success will hold is another question while ways struggling with challenges to its smartphone production mostly due to u. S. Trade restrictions against china that prevent american chip producers like qualcomm from providing wall way with processors their supply is only enough for a few more weeks even while way might have to stop producing phones as early as september. Lets bring in james under a new if hes the director of the Technology Policy program at the center for strategic and International Studies in washington d. C. James welcome to the show how big a role will chinese tanks play in this next round of talks. Well i think it will overshadow them its surprising if theyre making any progress theres areas like cultural products where theres still room of the president we welcome progress on agriculture but tech overshadows everything ok now washington is threatening to take talk on National Security grants not a way to look at this is that america is simply threatened by at Chinese Success story what do you think about no its not a threat of the Chinese Success story its the threat of chinese espionage and chinese censorship and of chinese influence operations fortunately theres good evidence that china is doing this we know theyre censoring things on to talk theres a deep concern in the government that they will use to talk as a platform to spread chinese propaganda that theyve done it the other areas and finally theres the whole question of what happens to the personal data there can be collected over by defense its best to see to talk not as an individual case that part of a larger pattern groups in Health Care Companies and Insurance Companies chinas vacuuming up u. S. Person data to populate a surveillance database and thats the primary grounds for concern on that question of data about us present donald trump educating Chinese Companies of mining you say state as you say im the likes of facebook and google doing exactly the same thing. They are but they dont have prison camps engine jank they dont violate their agreements in hong kong theyre not a state and so china is the Worlds Largest surveillance state its the Worlds Largest police state its not a democracy it doesnt respect human rights or the rule of law that makes it fundamentally different facebook and google cant throw people in jail china can. And what do you think beijing strategy will be then in the next round of talks. Oh i think ill look for retaliation i mean as you mentioned going into this of course us social media platforms are banned in china so even some chinese are told me we understand why youre doing this youre just using a page from our playbook but china will look for other areas where they can retaliate and when i do that since you know im sore and investments are Something Else were showing it will be careful to do this in a way that doesnt hurt their own economy but theyre looking for ways to retaliate and well probably see that relatively soon now these negotiations come on an incredibly volatile time for the Global Economy what i the chances of a breakthrough. I would say a major breakthrough its close to 0 progress in some areas theyre trying to ministration would like to see some progress because of the election i hope the chinese dont overestimate that the chinese keep saying well hes doing this because in the election it will help him that much you know will hurt him that much i mean the americans do vote their pocketbook but the trade talks wont really change a lot of the fundamental issues so minor progress the best thing would be no rupture at all because a rupture would send a very bad signal to markets and so if we can just keep kicking the ball down the road a little bit might be best for now ill keep that ball downing James Andrew Lewis thanks so much thank you and finally wed like to take you to the wine growing region of me that in the fight a front of white muscat then have been enjoying as if actually Early Harvest 10 days ahead of schedule to be exact. Very warm temperatures at the end of june added to an earlier ripening of the great fat make mufc out why which is naturally life on face the face. And that wraps up our show for more check out our website e. W. Dot com slash business were on facebook and twitter to me on the team its goodbye and taken. To the point of strong opinions clear position on some International Perspectives of. Comfort to treat us in germany over the north st johns pipeline linking germany with russia to boil over the American Science pondering to come to probing trust interaction find out more on to the point. To the point. Of the 60 minutes. Described. As its sick. To understand the world better we need to take a closer look at. The experience knowledge to morrow to. Come. Every day just for us and for our planet when. Google ideas is on its way to bring you more conservation play how do we make seduced greener how can we protect animals and their habitats what to do the following waste. We can make a difference by choosing reforestation over 34 stations recycling over disposable Smart New Solutions oberstein said in our waste her place truly unique and we know that their uniqueness is what allows us to live and survive good my ideas for the Environmental Issues to global 3000 on g. W. And on modern to. Look at. This as did having years africa coming up on the program. Faces sophia in was on beat many thousands are displaced and killed us islamist militants carry altitudes a lot tox and then off of a country. Evil ending in times of corona pilots for there to malawi has given some children hope a school with 19 hospitals the classrooms across the country