From the forums managing director. In the spanish town was a byword for the beach holidays but now benetton sandy shore life isnt. There some reports in berlin welcome to the program this week the goliaths of wall street have met that david the game stop shares frenzy has seen a surge of stock purchases by small investors lead to losses in the billions for hedge fund pros but now go on the online forums where this rebellion was coordinated after brokerage apps blocked any more trades. Theyre placing their bets a group of small time speculators not professional traders have been coordinating the purchase of game stop stocks in online forums even though the retailer is virtually broke this has been causing share prices to skyrocket at the peak of the frenzy the stock had risen 2500 percent from its price at the start of the year well it played out that those who are pushing the share Prices Higher are on the winning side but those hedge funds that are short the stock. Believe that the pr
Thats a lame excuse they say there is a clear commitment and that is why they hope the company will publish the this particular contract today for everyone to see that the promises that have been made to the e. U. Are unfulfilled so that the e. U. Not know that the u. K. Would have priority and is was the lack of Due Diligence on the on the use part or should i have told them. There from from the perspective of the e. U. There is a lack of information though the key issue for them is that if you cut the vaccine supply that was promised by contract by more than half by 60 percent you need to come up with some some really good reasons for that and those reasons have been given apparently there is a problem in the supply chain on the european side in effect 3 in belgium but from the perspective of the e. U. Arsenic as a club a company theyre producing as far away as india and if they have supply problems that bug needs to be shared by all the countries that they are at handing out their v
See the European Union has spent hundreds of millions of euros in advance even before approval from the European Medicines Agency so that a vaccine can be produced so the moment it is approved it is there to be vaccinators so but thats also part of the problem astras is supplying vaccine to the United Kingdom isnt it. Exactly and the argument of the European Commission is that stress anika is a close call company that is producing not only in the e. U. But also in the u. K. Also in india and that supply chain problems must then affect all those countries that are buying vaccines and europe is the biggest customer and it cant be that its just europe that is carrying the burden just because the supply chain problem appears to be in a belgian factory but both are strong and the e. U. Have said its states in the contract that they respectively were right and now the redacted version of the contract that you have in front of you still doesnt shed any light on the core issues here why do you
Saying rich nations need to show solidarity towards the global south face the consequences. Plus the game stop friends ends the week with fuel thats outrage on small investors also on line growth has restricted the buying of the companys shares so what will happen next in this wild ride on wall street. Has welcome to the show the president of the year European Commission also a fund a line has urged Pharma Company astra zeneca to stick by its commitments to supply the e. U. With its covert 900. 00 vaccine comments come after the british swedish firm said it was cutting the number of doses for the e. U. By 60 percent because of production problems. The drugmaker also said it was not contractually obliged to deliver on the line said the contract is quote Crystal Clear the controversy comes as the bloc faces pressure with many countries countries failing to meet their vaccination targets. Other w. s correspondent mark martins joins us now from brussels hes following this ongoing story the
Samples of various vintages the damage from the glass fire was being assessed by the winerys owner. The 11,000 square foot farmhouse was gutted equipment and approximately a 120,000 bottles of wine were lost in the blaze and because this winery was built to replicate a 13 thcentury tuscan castle. Theyre going to need to bring artisans in from italy to make the repairs. The owner says the back to back fires here in the north bay coming after having to close for 3 months because of the pandemic is the worst catastrophe hes experienced in 45 years in the wine business and its a pain being felt throughout the napa valley which relies heavily on tourist traffic and how can people help. They can help. Visiting the napa valley. Im going to rush for i from the napa valley just coming up here spending little money because a lot of businesses are simply going close down. Theyve wracked fires are new covid over and over and its just its impossible stay open. I found a group of tourists here toast