Transcripts For DW Business - News 20220811 : vimarsana.com

DW Business - News August 11, 2022

D w, travel off we go. Sometimes a seed is all you need to allow big ideas to grow. Were bringing Environmental Conservation to life with learning facts, like global ideas. We will show you how Climate Change and Environmental Conservation is taking shape around the world and how we can all make a difference. Knowledge grows through sharing. Download it now, feel free. Ah, netflix is no longer this streaming king. Disney is now top of the tree when it comes to numbers of subscribers. Its inched past its rival as netflix struggles to cling onto its uses. Washingtons farmer love is taking its alpha gear is us representatives to prep prepared to pass a bill that should mean cheaper drugs for some americans could best tower in berlin, jose key to getting germany through a cold winter. This is day to be business on robots in berlin. Welcome to the program. Disney has just leap frogs, the Traditional Market leader to become the worlds biggest streaming service for subscribers. Disney added 14400000 paid uses across its 3 platforms in the 1st quarter, edging past netflix for the 1st time. And now has 221000000. 00 subscribers to its disney plus hulu. And e s p n plus services isnt it, has also revealed is finding a new ad supported streaming service in the u. S. At the end of this year. Lets get more on all of that from our wall street correspondent yen score to the ends. Levies have you on just explain to us how has disney managed to leapfrog netflix when it comes to streaming content is king. And in that regard to the success of disney, its a long way in the making if you want to put it that way already in 2006, the disney bought picks up partly from the job. And that, by the way, it was one year before netflix thought of switch from sending dvds by mail to their streaming service that an o 9, a disney followed up with the purchase of the marvel universe. And then in 2012, they bought lucas film. And it was that the right to star was met, also Indiana Jones and done not that long ago. They bought the entertainment business of 21st century fox. Thats all the content that is paid off now. And it took a disney in general about 60, in a month to get their 1st 100000000. 00 subscribers to took a netflix about 10 years to achieve that. So its, its pretty much content thats driving the thick of that. But there are changes coming, as disney said, that is funding this ad supportive subscription. So people will be able to watch adverts and then pay a little bit less per month of space. Whats the thinking behind that . Well, the thinking behind it is a content might be king, bed to content also comes with a price take right to it. Its pretty expensive, not just those a 1000000000. 00 that disney spend on buying those companies. But its also to produce new content again and again and again. And so therefore, disney announced you can choose, you can either have a cheaper version that is at base, or you can have a more expensive version that is at a free that is, by the way, a tendency that we also see with other Companies Like netflix and f successful as to streaming business off. Disney might have been, it is not profitable at this point. Okay. Yeah, of course in new york, write them down for us. Thank you very much. Staying in american, be us house of present. This is expected to pass the inflation reduction acts on friday. Its a landmark bill for the bible administration. One of the key changes is allowing the government to negotiate drug prices, virus, medicare, Health Insurance program, for retirees. The government expects, itll reduce trucks costs for 64000000. 00 americans among the provisions, the ability for the government to find companies that raise prices above inflation plus a cap of 2000. 00 on out of pocket costs for medicine. But again, more on how this is playing out in washington. Lets cross to our correspondent, caroline carolina. She boy, great. Have you on the program carolina just explained to us how the pharmaceutical industry is reactive to these plans. Well, rob, the Pharma Companies are getting ready already to take legal actions. Again said the Farmer Industry has already suggested its likely to sue to challenge the law. But this is not a surprise, of course, that the industry has it. Historically, always been on a high alert when it comes to a change, especially law changes that might affect their product, monopolies, and experts are actually saying that this is just the beginning rather than the end of developments over medicare drug prize and negotiations. And it is also important to point out rob that even if the bill is passed in the house tomorrow, as expected, the direct price measures will only take effect once the u. S. Department of health and Human Services rolls out regulations on their execution towards prices in the us are higher than a lot of comparable economies. Whats of impact is that having for patients in america as he to say, if the prices are for medicines. Here the United States are very high and according to a report, a last year published by the year as a government there, they are 2 to 4 times higher than in australia, friends or canada, but is really a lot. And among the most effective people are of course seniors because they usually need more medication due to their age, but also people with chronic illness who as statistically usually come from lower income families. So they have sometimes to make decisions. Very serious decisions about either food or medicines or how to pay the rent or, or buy their medicines. As you said, the former industry is not too into this bill. Is it . But is there a lot of hope beyond the Pharma Industry fast it will have an impact on those very high prices for patients or to answer that question, its important to see why the folk was, is the core of this part of the legislation. And am a that is that the government, the federal government through medicare would have the power to change 10 of the more expensive medicines in the year to rent to 22026. 00 with the number growing up to a 60 medicines by the year 2029, now the opinions are quite divided on the impact of the legislation. Some say that the measures are good for Medicare Beneficiaries and taxpayers who fund the medicare benefit. But some are disappointed because they say that this provisions apply only into medicare about the measures, despite their limitations could change or the way of the people are paying for drugs and sophistic say that even the up to 48000000 people could have a better life and a better way of painter medicines with this charlene and she way in washington forest. Thank you very much. South of lucas and the other business news. Housing prices in the u. S. Hit record high is during the 2nd quarter with most of the country experiencing double digit price rises compared to earlier in the year. Ex 1st play may surgeon mortgage Interest Rates rising, raising Monthly Payments for prospective home buyers, which then have a knock on effect on prices. German gas Storage Facilities are almost 75 percent for and on track to beat target set by the government. Despite reduced russian gas deliveries for weeks. Germany has been buying gas on the global market, well conserving energy in an effort to fill the National Reserves ahead. Were staying with gas and german chancellor olive shots as announced his support for a proposed pipeline to bring more of it from southern to central europe. The so called mid cat pipeline would funnel gas from portugal and spain to france. And perhaps beyond it would require an estimate of 3000000000 euros in financing. The proposal is a revival of an idea which was previously branded financially and viable by regulators. Reporter emily lesh now has more chance are shorter announced to support for the project during a press conference saying he spoken about the potential pipeline with leaders from spain and portugal, as well as a European Commission in brussels. Spain has 6 terminals for importing liquefied natural gas, and portugal has one. But there isnt the infrastructure to transport the gas to elsewhere in europe efficiently and effectively. The idea for this pipeline is not new. It was 1st put forward in 2013, but ultimately fell through in 2019 because of strong opposition from environmental groups and from spain. Both schultz and European Commission chief ursula vander lion, are hoping the project can be resumed. Now that the geopolitical landscape has shifted so drastically short stated at the press conference that the pipeline would massively relieve the situation now. But it may actually be years before oil flows through the pipeline. If the leaders agree to build it. Germany is also hoping Renewable Energies will help ensure citizens have enough power. One of the big challenges to overcome how to store excess energy for days when the wind is blowing or the sun is shining, solutions are already in the works. There are 4 to 5 meters high energy storage. Facility is under construction. Near berlin is the largest of its kind in germany built by the major energy company. What temporary weekend store energy in the form of warm water will put it in the grip. And then the customers can have a hot shower or in the winter he, dr. Homes. Its very difficult to store the energy coming from renewables. Often the potential of windmills and solar panels is wasted because their energy is not needed at that moment. Thanks to this tank, that energy can still be used to warm up water that will be stored and used later on. This tank can hold 56000000 liters of warm water, about 350000 backups. So if you, for example, go out on a day trip in the morning, you make your coffee nice and warm, you put it in a tear. Moss, 3 hours later, you still have your warm cup of coffee. Thats kind of at the idea. But the transition to renewables is slow. So far, only a fraction of the water in the tank is heated with green energy. The strategies to stop using fossil fuels by 2040 or 2050. To achieve this, the entire infrastructure must be transformed. I mean, these are huge things before you have this plant engineered, constructed. That takes time though, we all would like it to go faster. As worries over russian gaskets mount storage tanks like this can help relieve some pressure. But much of the energy use to heat up the water still comes from fossil fuels. Massive investments and Renewable Energy is, are necessary to make the process more sustainable. Just lacked. Lastly, itll be like selling ice to the north pole. Thats what critic said. When you asked pizza cheney dominos set out to crack the italian market, and it appears they may have been right after setting an ambitious goal of over 800. 00 outlets and raising hundreds of millions of dollars sales werent. While the company had out for this week, the last of the may of 29 branches of Dominos Pizza that had actually opened it was shut it, and it has, it has now fully exited the home of pizza. And so for me and the Business Team here in berlin until next time with conflict zone with arrest, banner g, russia and ukraine are taking heavy casualties in the don bus. But has ukraine already lost the east my guest this week . Believe that is likely the case in bremo is a political scientist and founder of the you risha group thing going to happen in the little the russians that said it was all this and more on this weeks complete zone with d, w. Ukraine in green cities, relaxing away city despite record temperatures. Its not a mirage. Refreshing architectural ideas and innovative Landscape Planning are both cool and clever, chilling cities out in 60 minutes on d. W. Ah. With a ended glistening place of longing. The mediterranean sea. Its waters connect people of many cultures seen of almost rock and jaffar. Abdul karim drift along with exploring modern lifestyles and mediterranean where it has history left its traces, meeting people hearing their dreams, a mediterranean journey intent. It starts august 14th on d, w. Russia and ukraine. Are taking heavy casualties in the don bus, but has ukraine already lost the east my guess this week believe that is likely the case in bremo

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