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President of the European Commission ursula fund arline welcome to the program and thank you so much for joining us thank you its good to be with you. On monday the European Union is joining forces with Global Partners to raise 7500000000 euros in a worldwide pledging initiative to support coronavirus diagnostics and vaccines what is the top thing that you hope to achieve. Well for us its important that we give a strong answer to the corona virus because we know it knows no borders it knows no nationalities and we can only defeat that virus by a vaccine and for that we need a global coordinated action because we want to prevent that there is a run to the vaccine once we have it for those who can afford it so we need to coordinate research on the vaccine when we have it and we start right now already we have to buil ....
There and South Africans get some exercise as they celebrate being allowed to leave their homes theyre locked down one of the strictest in the world is being teased. Im sorry kelly welcome to the program but European Union aims to raise 7500000000 euros next week to Fund Research into a vaccine for the coronavirus as well as developing new treatments and more efficient testing the e. U. Commission says that the goal is to develop a vaccine treatment and tests that are available to all who need it and at an affordable price the hope is that the donors will continue to stump up funds in coming months so that the effort can be scaled up and help to pay the cost of distributing the vaccine and medical equipment. And i am now joined by the president of the European Commis ....
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Due to hurricane maria. Haiti has been removed from the list of countries eligible to participate in two temporary work visa programs. The department of Homeland Security released a note saying haitians who apply for visas have shown high levels of fraud and abuse and a tendency to overstay their visas. Rupert murdoch is said to have been hospitalized after back injuryserious earlier this month. According to vanity fair magazine, the media mogul was vacationing on his sons yacht at the time. He is recuperating in an l. A. Hospital. Global news 24 hours a day more than 2700 journalists and analysts in 120 countries. Im a alisa parenti. This is bloomberg. Emily i am emily chang, and this is bloomberg technology. Coming up, the tech is back on capitol hill. This time, it is all about fighting online extremism. Did lawmakers get the answers they were after . Plus the cryptocurrency crunch. Has the bubble burst . And it is a payday ....