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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. You're listening to the

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Speaker 1: Bloomberg Intelligence podcast. Catch us live weekdays at ten am

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Speaker 1: Eastern on Apple, Cocklay and Android Auto with the Bloomberg

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Speaker 1: Business App. Listen on demand wherever you get your podcasts,

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Speaker 1: or watch us live on YouTube.

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Speaker 2: You mentioned Lululemon and the Big Fan. Are you yes?

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Speaker 2: What have you brought from Lula?

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Speaker 3: No, it's not that I wear them. I appreciate them

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Speaker 3: among other people.

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Speaker 4: Oh I see, okay, so you happen a buyer, probably

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Speaker 4: as gifts.

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Speaker 3: Uh yeah, but when I talk to buyers or prospective

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Speaker 3: buyers like you or Lisa Mitteo or Lexus christoffers, the

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Speaker 3: theme is really good products. Befoy they're expensive.

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Speaker 4: Yeah, they were kind of the first mover on really

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Speaker 4: good products. But then a lot of copycats came around,

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Speaker 4: and guess what, they've all figured out how to do

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Speaker 4: it pretty well too, for a lower price. Put On

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Speaker 4: goyelis our senior US e commerce and retail analysts here

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Speaker 4: Bloomberg Intelligence, and she joins us now with more on

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Speaker 4: Lulu Lemon. And this has been kind of the challenge

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Speaker 4: for Lulu Lemon for a while. Now this is not

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Speaker 4: a new problem, that there's so much competition out there

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Speaker 4: and that the quality that Lulu Lemon is known for,

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Speaker 4: you're now seeing it at other companies. What has been

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Speaker 4: the response, because I feel like they haven't figured that

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Speaker 4: out yet.

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Speaker 5: No, they haven't. You know, the problem continues to linger.

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Speaker 5: But the problem is more than just competition. Competition is

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Speaker 5: one thing. Lul Lemon's had competition for years. The issue

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Speaker 5: is really the product at its core, and the product

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Speaker 5: in North America, especially across the women's business, they don't

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Speaker 5: have a good lineup of product. The product that they're

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Speaker 5: introducing isn't fully resonating with shoppers. It's a hit or miss.

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Speaker 5: In most cases. The pipeline to bring new product to

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Speaker 5: market is very long and they need to shorten that.

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Speaker 5: So this is more in my eyes, a product execution

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Speaker 5: miss than competition. Competition does play a part in it,

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Speaker 5: but I think, you know, not having the right product

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Speaker 5: just adds more to the tension and the downside.

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Speaker 3: And put them you've covered retail for years and years

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Speaker 3: and years and you've seen companies struggle with product and

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Speaker 3: product innovation. How do you fix that kind of thing?

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Speaker 3: Is it just hiring the right person? Or is it

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Speaker 3: changing your process? How do you do that right?

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Speaker 5: So I think there's two ways to think about it.

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Speaker 5: When a company like Lululemon or even a Nike, they

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Speaker 5: have such great brand equity and heat that they can

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Speaker 5: use that to their advantage. What they need is a

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Speaker 5: product led person. They need innovation and products, so they

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Speaker 5: need the execution on the product side. And once they

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Speaker 5: have that, because they have the brand heat, because they

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Speaker 5: have the brand loyalty, people do come back. So I

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Speaker 5: don't think it's women are not wanting to shop lul Lemon.

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Speaker 5: They don't have what they want there. It's no longer

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Speaker 5: providing it innovation fast enough, and others are coming into

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Speaker 5: the picture. So I do think when Heidi comes on

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Speaker 5: board in September, you know there's a lot of I

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Speaker 5: guess there are a lot of people who are critical

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Speaker 5: of her appointment, But I think the one thing that

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Speaker 5: she does come with is a product led background, and

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Speaker 5: should she be able to improve just speed to market

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Speaker 5: and the product lineup. I think that's a step forward

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Speaker 5: for Lulu Lemon. The rest of it is still uncertain,

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Speaker 5: but I think that will give them a leg up.

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Speaker 5: But I don't expect to see that until you know

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Speaker 5: mid twenty twenty seven. She comes in in September and

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Speaker 5: things are sliding as we speak into the year, with

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Speaker 5: sales expected to be down at the midpoint.

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Speaker 2: So it's going to take time.

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Speaker 4: And you mentioned that the selection, the product selection is

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Speaker 4: a challenge here in North America, but we've seen that

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Speaker 4: Lula Lemon does fairly well overseas. Why is that? Is

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Speaker 4: it because the competition is just isn't there. There's still

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Speaker 4: a freshness factor with the brand over there.

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Speaker 5: So the brand is much smaller internationally, right, so that

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Speaker 5: makes the difference. Also the competition, Yes, you could argue that,

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Speaker 5: we know you're talking about the Aloes of the World

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Speaker 5: and others. It's probably more competitive here than it is

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Speaker 5: in China for them, But it really comes down to

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Speaker 5: the base. Lula Lemon's biggest business is in North America,

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Speaker 5: and while China is still up in thirty percent, it's

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Speaker 5: off a much smaller base.

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Speaker 3: What are they saying about China here because they're one

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Speaker 3: of the companies that you covered that are one of

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Speaker 3: the many companies you cover that do have exposure there.

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Speaker 5: So Lula Lemon is actually doing better than the other

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Speaker 5: at leisure competitors in China. However, in the quarter there

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Speaker 5: was a little hiccup given the negative backlash that they

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Speaker 5: had in the news. China sales did trail a little

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Speaker 5: in the quarter, but since have recovered, so we think

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Speaker 5: China will be okay. But China is also sensitive to

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Speaker 5: product quality news and other news that lul Lemon has

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Speaker 5: to face from consumers.

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Speaker 2: What about the role of Chip Wilson.

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Speaker 4: He's the founder of Lululemon, and he's been agitating for changes.

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Speaker 2: It feels like he's.

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Speaker 4: In conflict with the current management and they're kind of

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Speaker 4: trying to work with him because obviously he has hit

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Speaker 4: upon some soft points for the company and they recognize

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Speaker 4: that his criticism is valid. Is there path forward for

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Speaker 4: them to work together.

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Speaker 5: It's already in place. The last announcement we heard from

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Speaker 5: Chip Wilson was that the members, some of the members

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Speaker 5: he is appointing to the board are of his choice.

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Speaker 5: So that should help attentions resolve between Lula Lemon and

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Speaker 5: Chip Wilson. And he will have access to Heidi when

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Speaker 5: she joins in September, so there will be dialogue and

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Speaker 5: how to move Lulua Lemon forward and really get it

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Speaker 5: out of the stump that it's in, and hopefully as

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Speaker 5: they work together. He is the founder, he is a

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Speaker 5: visionary behind Lululemon, so I do think he'll have a

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Speaker 5: lot to add to the conversation, and as they take

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Speaker 5: his input bring their own input into place, they could

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Speaker 5: start to lead a turnaround. But once again, it's all

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Speaker 5: about the execution, and we won't know more until the

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Speaker 5: end of this year until we hear from Heidi, hear

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Speaker 5: her plans, hear her vision, and then to execute that

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Speaker 5: is another six to twelve months.

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Speaker 2: Stay with us. More from Bloomberg Intelligence coming up after this.

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Speaker 1: You're listening to the Bloomberg Intelligence podcast. Catch us live

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Speaker 1: weekdays at ten am Eastern on Applecarplay and Android Auto

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Speaker 1: with the Bloomberg Business app. Listen on demand wherever you

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Speaker 1: get your podcasts, or watch us live on YouTube.

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Speaker 3: Let's get back to the world of technology. Technology taking

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Speaker 3: it on the chin here today the Philly Semi Index

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Speaker 3: down about five percent, bringing down the overall Nasdaq down

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Speaker 3: about two point two percent here, but let's be honest,

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Speaker 3: these things have been just ripping forever. Here. Let's check

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Speaker 3: in when somebody does this stuff for a living. Matthew Bloxham.

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Speaker 3: He covers all the TMT stuff for Bloomberg Intelligencies based

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Speaker 3: in London here, so rough day for the semis here,

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Speaker 3: Matt's what's going on out there in the world of

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Speaker 3: technology when you talk to tech investors, because this AI

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Speaker 3: trade just seems like it's got so much legs left

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Speaker 3: in it.

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Speaker 6: Yeah, and you know how a great run for the

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Speaker 6: last few weeks and months. We've been talking about that

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Speaker 6: a little bit here. It's actually at the desk, and

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Speaker 6: you know, I think at least to some degree, you

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Speaker 6: have to think that people are making a little bit

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Speaker 6: of room for the SpaceX IPO and what they hope

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Speaker 6: will be a location, you know, because you kind of feel,

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Speaker 6: I mean, who knows where people are going to get

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Speaker 6: the money from, but you would think that it's going

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Speaker 6: to come from from some of the other big tech holdings. Yeah,

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Speaker 6: we should arguably probably bigger holdings and more liquid So

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Speaker 6: that that's our sense that, you know, at least to

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Speaker 6: some degree, it's a little bit of liquidity for that.

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Speaker 7: Yeah.

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Speaker 6: Well.

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Speaker 2: Now, of course broad Com in the.

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Speaker 8: News this week because even though it was a solid

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Speaker 8: set of results, it was still disappointing because such high

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Speaker 8: expectations for all of these are companies here. But you know,

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Speaker 8: one of the details that we've got is that the

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Speaker 8: CEO saying AIR growth is so strong they're not even

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Speaker 8: looking at acquisitions.

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Speaker 2: They're thinking that it's a distraction.

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Speaker 8: Where does that tell you where are in terms of

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Speaker 8: the AI infrastructure spending cycle at recent in the early inning,

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Speaker 8: So you're given that view.

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Speaker 6: Yeah, I think so. I think it also talks to

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Speaker 6: the fact that that they feel like they're executing well

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Speaker 6: against their plan. And actually when you when you look

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Speaker 6: at the numbers, the numbers will tell you they are

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Speaker 6: because you'll see that the big part of the plan

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Speaker 6: is to pivot towards AI. In the quarter, they reported

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Speaker 6: that AI sales were up one hundred and forty three percent,

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Speaker 6: and if I've remembered it correctly, you know for the

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Speaker 6: forward quarter guide they're talking about a more than two

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Speaker 6: hundred percent increase in AI revenue. So yeah, you know

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Speaker 6: that that board guide was a little bit shy of

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Speaker 6: where the market was. Your sixteen billion dollars of revenue

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Speaker 6: versus seventeen, but you know, that's a huge, huge growth rate,

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Speaker 6: and so I think it tells you that they're comfortable

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Speaker 6: that they've got all the assets and capables they need

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Speaker 6: to deliver on the plan.

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Speaker 3: Matt, you mentioned SpaceX, and of course it's They started

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Speaker 3: their room show yesterday and I think they're in New

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Speaker 3: York today and maybe a couple more dates here in

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Speaker 3: the US. Do you know if SpaceX is coming to London?

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Speaker 6: I don't know actually for sure. I mean, I guess

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Speaker 6: it's certainly a possibility, but I've not seen any specific plans.

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Speaker 3: What's the when you talk to folks, what's the feeling

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Speaker 3: about SpaceX, Because obviously it's if you're looking for a

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Speaker 3: pure play kind of on Elon musk in it, which

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Speaker 3: has got a space component to it, you know, a

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Speaker 3: kind of a telecoms component to it and as well

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Speaker 3: as an AI component. What are the discussions you're having

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Speaker 3: with your clients.

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Speaker 6: You know, it's incredibly polarized. Maybe not that surprisingly, you know,

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Speaker 6: I mean, I think the opportunity and ambition they set

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Speaker 6: out in the S one filing is almost overwhelming. There's

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Speaker 6: so many parts to it, and it's so big. You know,

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Speaker 6: there's twenty eight and a half trillion dollar mark opportunity

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Speaker 6: they talk about, and when you see some of the

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Speaker 6: components that go into that, particularly things like the orbital

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Speaker 6: data center strategy, you know, the the ambition they have

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Speaker 6: for the Starship rocket launch platform. I think some people

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Speaker 6: kind of find it a little bit hard to grasp.

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Speaker 6: But you know, at the other other end, you know,

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Speaker 6: some of these things could be really quite profound in

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Speaker 6: how they shake up, you know, existing markets, you know,

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Speaker 6: the data infrastructure, the data center infrastructure market that the

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Speaker 6: big AI players like Anthropic and Open Eyes Open Eyes.

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Speaker 6: So this has really quite significant implications for all the

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Speaker 6: big parts of the market. And yeah, it's really really

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Speaker 6: spilling people right down the middle. You know, some people

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Speaker 6: are just kind of very much brought into the Elon

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Speaker 6: masterrink in that chool aid And at the other end,

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Speaker 6: you just cout people thinking, you know this, you know,

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Speaker 6: this isn't going to play out the way the market thinks.

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Speaker 6: And you know, I think certainly obviously we've seen some

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Speaker 6: numbers today in terms of what the lead banks are

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Speaker 6: pitching in terms of the revenue growth opportunity. You know,

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Speaker 6: we're talking about adding four hundred billion dollars of revenue

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Speaker 6: and in five years and continuing to grow beyond that,

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Speaker 6: a four fifty to five hundred billion dollar revenue number.

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Speaker 6: We put them in the top ten listed companies by

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Speaker 6: sales in the world. Is there's only really Amazon and

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Speaker 6: Walmart that would be substantially bigger than that. So it's

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Speaker 6: an enormous task to kind of scale your business quite

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Speaker 6: that quickly, and to do that you need a huge

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Speaker 6: amount of infrastructure. And I guess one of the questions

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Speaker 6: would be, can they really deploy enough infrastructure even if

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Speaker 6: the market is there? Can they deploy the infrastructure quickly

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Speaker 6: enough to kind of get the revenue flywheel going so quickly?

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Speaker 2: Stay with us more from Bloomberg Intelligence coming up after this.

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Speaker 1: You're listening to the Bloomberg Intelligence. Catch us live weekdays

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Speaker 1: at ten am Eastern on Applecarplay and Android Auto with

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Speaker 1: the Bloomberg Business App. Listen on demand wherever you get

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Speaker 1: your podcasts, or watch us live on YouTube.

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Speaker 3: SpaceX is on the road. They started their road show yesterday.

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Speaker 3: Their scheduled to price this ipo, the seventy five billion

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Speaker 3: dollar IPO, next Thursday, after the close to trade on Friday.

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Speaker 3: So that is the schedule. Let's get the latest reporting there.

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Speaker 3: Billy Lipschultz, Senior Equities reporter for Bloomberg News joints is here,

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Speaker 3: So Billy, it looks like so they kicked it off yesterday.

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Speaker 3: What did we know? What did we hear? Anything new?

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Speaker 9: Not much new we did have yesterday evening Jamie Diamond

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Speaker 9: interviewed Elon Musk for about a half hour that was

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Speaker 9: streamed on x that was broadcast to I believe about

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Speaker 9: ninety JP Morgan Branch's number of high networth individuals attended

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Speaker 9: here in New York attended around the country. Not really

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Speaker 9: anything groundbreaking from Elon from that conversation, but certainly got

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Speaker 9: people pretty jacked up that the man himself was kind

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Speaker 9: of participating in this coinsation with Jamie Diamond.

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Speaker 3: But we did break about an hour ago.

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Speaker 9: I believe that they have officially over called the book

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Speaker 9: over subscribed, so they've officially had more than seventy five

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Speaker 9: billion dollars of orders placed, which is a pretty quick turn,

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Speaker 9: though not completely unsurprising just given how these deals are

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Speaker 9: going to go.

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Speaker 8: Yeah, well, what's the word industry, I mean mega mega IPO,

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Speaker 8: big size. But any concerns at all that the market

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Speaker 8: is not going to be able to handle this in

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Speaker 8: terms of digesting it or really everyone's just let's go buy.

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Speaker 3: In well, I think that the debate is do you

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Speaker 3: believe in Elon Musk? Yes or no?

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Speaker 9: Is kind of the first start. I think when you

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Speaker 9: talk to investors, yes, there are a number of caveats

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Speaker 9: around the deal in particular, but like Google able to

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Speaker 9: raise about eighty billion dollars, north of eighty billion dollars

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Speaker 9: kind of assured a lot of people that there's plenty

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Speaker 9: of cash either on the sideline or can be pulled

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Speaker 9: out of things like bitcoin other assets. So it doesn't

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Speaker 9: seem like there's any concern about the ability to have

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Speaker 9: investors show up in size for seventy five billion dollars

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Speaker 9: you had on the green shoe, north of eighty billion dollars.

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Speaker 9: I think the big question will be A how does

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Speaker 9: it trade after that? And B how are these bankers

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Speaker 9: thinking about allocation? Are we going to see, you know,

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Speaker 9: the PIFs of the world, these big funds showing up

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Speaker 9: in size for five, ten, fifteen billion dollar orders, or

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Speaker 9: is retail actually going to take down thirty percent of

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Speaker 9: this deal like we had reported, was kind of the

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Speaker 9: ceiling Because you do the math, that's north of twenty

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Speaker 9: billion dollars going just to individual investors, which is something

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Speaker 9: we have never seen before.

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Speaker 3: We were talking to Matthew Blocks, some TNT analyso Bloomberg

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Speaker 3: Intelligence in London. He was saying that, you know, he's

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Speaker 3: talked to some clients and about the today's saw off

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Speaker 3: in the NASDAC and the Philly stock in Stock Exchange

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Speaker 3: semi indexes down about six percent today. Maybe that's a

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Speaker 3: little selling to raise some capital to invest in SpaceX

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Speaker 3: coming up, and maybe even some of the other ai

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Speaker 3: ones coming around. Is that something you're hearing?

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Speaker 9: Yes, and now I think when I talked to people

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Speaker 9: who manage a lot of money, this has been the

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Speaker 9: worst kept secret of all time. They've been meeting with

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Speaker 9: SpaceX management since January right in taking these trips. This

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Speaker 9: targeted range, in targeted size has been discussed.

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Speaker 3: For six months.

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Speaker 9: At this point, I just want to call out, Yes,

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Speaker 9: that's a good point. The socks is down six percent,

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Speaker 9: it's up eighty one percent a year. Yeah, So I

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Speaker 9: don't think, at least from my conversations, anyone is saying

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Speaker 9: weakness on Thursday and Friday is because people need clear capacity.

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Speaker 3: One other interesting news point for SpaceX. I guess some

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Speaker 3: of the other ai I tast coming is the s

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Speaker 3: and P has said they've been a fast track entrance

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Speaker 3: into the index. What does that mean?

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Speaker 9: So SMP was reviewing a rule change that would add

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Speaker 9: some of these companies in six months instead of twelve months.

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Speaker 9: We saw Nasdaq cut their timeline down to fifteen days.

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Speaker 9: Some of the footsies kind of exchanges are now like

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Speaker 9: five days, so even shorter. I think the bigger news

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Speaker 9: point in that lack of a change from the S

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Speaker 9: and B five hundred is not the shorter timeline six

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Speaker 9: months twelve months. When I talk to people who cares,

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Speaker 9: they were considering waving that you needed to be net

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Speaker 9: income positive for twelve months. So you say, what does

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Speaker 9: that mean for SpaceX, Well, they were negative. They wouldn't

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Speaker 9: be eligible anyway if this rule change doesn't happen. And

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Speaker 9: the bigger question from there is Anthropic and Open AI.

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Speaker 9: They can pull some accounting levers, but these are two

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Speaker 9: companies that people do not expect to be netting compositive

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Speaker 9: for quite some time. Does that mean Anthropical IPOs later

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Speaker 9: this year? But it's not in the S and P

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Speaker 9: five hundred until twenty thirty one. I mean that's a

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Speaker 9: pure speculation. But when you look at SMP at least

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Speaker 9: for now, sticking from to those rules, these are companies

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Speaker 9: that are not going to be the SMP five hundred.

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Speaker 9: They will be in the NASZAQ one hundred if they

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Speaker 9: choose a list on NASAK much more quickly. How does

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Speaker 9: that change how we market watch and how does that evolve,

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Speaker 9: especially when you think about micro Strategy being in NAZAQ

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Speaker 9: one hundred. But SMP saying no thanks, Michael Saylor stated,

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Speaker 9: whatever you're.

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Speaker 8: Doing, yeah, yeah, And what do you think is a

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Speaker 8: driver for that decision? Is it kind of the sb

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Speaker 8: prioritizing market stability over the hype that some of these

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Speaker 8: IPOs bring.

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Speaker 9: We haven't heard firmly there is a committee that makes

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Speaker 9: this decision. When I've talked to people around kind of

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Speaker 9: their view and again just their speculation, their reading of

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Speaker 9: the teele uses. SMP has an objective that they want

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Speaker 9: to reach, and that is making sure the s and

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Speaker 9: P five hundred has companies that are liquid, companies that

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Speaker 9: have a fair amount of free float, and companies that

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Speaker 9: kind of meet their bar. They didn't want to change

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Speaker 9: that right now. Again, is this something that is reviewed

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Speaker 9: in six months?

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Speaker 3: Again? I do not know.

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Speaker 9: I don't think anyone knows, but for this kind of

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Speaker 9: point in time, they are sticking to their hurdles, their

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Speaker 9: thresholds that they want to be met, and we're not

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Speaker 9: kind of at least reconsidering. Similar to what we saw

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Speaker 9: with Nasdaq one hundred. They're in exchange. They benefit from

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Speaker 9: having spacexlists on their exchange.

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Speaker 3: They make money from that.

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Speaker 2: Stay with us. More from Bloomberg Intelligence coming up after this.

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Speaker 1: You're listening to the Bloomberg Intelligence Podcast. Catch us live

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Speaker 1: weekdays at ten am Eastern on Apple, Cocklay and Android

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Speaker 1: Auto with the Bloomberg Business App. Listen on demand wherever

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Speaker 1: you get your or watch us live on YouTube.

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Speaker 3: Let's get to the big take story here. We like

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Speaker 3: to focus on the big take stories on the Bloomberg terminal.

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Speaker 3: These are the stories that are just really important stories.

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Speaker 3: A lot of resources get invested in these stories, deep

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Speaker 3: deep reporting, deep deep sourcing. Oftentimes some really cool graphics,

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Speaker 3: which makes it good for me, that helps me understand

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Speaker 3: a lot of stuff. Today's no different talks about Ebola.

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Speaker 3: The Ebola exposes how AID cuts hollowed out global disease defense.

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Speaker 3: Is a strain with no known treatment or vaccine is

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Speaker 3: spreading fast and the international system built to contained outbreaks

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Speaker 3: is in crisis. Let's learn more about this with one

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Speaker 3: of the writers and one of the reporters on the story,

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Speaker 3: Jessica and Nick Bloomberg, Health reporter. What you find here, Jessic,

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Speaker 3: Because this is ebola case over in Africa, it seems

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Speaker 3: far away. It seems a little bit back burner for

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Speaker 3: a lot of us here in the US because we

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Speaker 3: have the war with a brand, we have lots of

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Speaker 3: other issues. What did your reporting find out.

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Speaker 7: Well, there's a lot going on with this particular ebola outbreak.

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Speaker 7: This is the first time we've seen this strain really

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Speaker 7: explode like it has because there's no vaccine, there's no treatment,

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Speaker 7: and then compounded on top of that, the US is

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Speaker 7: largely left a lot of our Global Health partners and

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Speaker 7: some other G seven countries, including the UK and Germany

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Speaker 7: have also pulled back on some of their global health

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Speaker 7: funding as well. So because of a lot of these

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Speaker 7: countries pulling back, this virus has been able to spread

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Speaker 7: a lot of the people on the ground and the

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Speaker 7: NGO partners, mutual aid partners, a lot of those formal

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Speaker 7: and even informal networks that would be doing contract tracing

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Speaker 7: or surveillance. A lot of that has been dismantled as well,

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Speaker 7: so that's why it's been exploding in this area now.

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Speaker 8: The story paints Eastern Congo is one of the hardest

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Speaker 8: places in the world to contain an outbreak. What about

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Speaker 8: that region is makes the response to this outbreak uniquely challenging.

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Speaker 7: There's a lot of unique challenges to this one. The

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Speaker 7: geography is very interesting, but also it is an area

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Speaker 7: that's riddled with conflict right now, so that makes it

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Speaker 7: even harder for some of these AID workers to be

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Speaker 7: able to go into the area and talk to people

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Speaker 7: about the dangers of this virus, about safe burial practices

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Speaker 7: as well. Ebola is at its highest infection peak after

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Speaker 7: a person has already died, and so in this area,

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Speaker 7: people are in their burial practices really interact with dead

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Speaker 7: bodies and so that's why we're seeing it spread a

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Speaker 7: lot too, because they just don't know how to handle

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Speaker 7: these bodies, which is really sad.

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Speaker 3: Well, we've seen President Trump and Elon Musk with those

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Speaker 3: cut back on us AID. How much has that impacted

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Speaker 3: this situation or is it is this an area where

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Speaker 3: maybe we didn't have a presence.

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Speaker 7: Well, former health officials from the US say that this

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Speaker 7: has had a huge impact in terms of how we

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Speaker 7: are responding to this outbreak, because again, those formal and

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Speaker 7: informal networks are no longer there. USAID was cut back

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Speaker 7: by eighty three percent last year under DOGE. A lot

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Speaker 7: of that's been moved under the State Department. State Department officials, though, say,

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Speaker 7: you know, this has had no impact in terms of

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Speaker 7: our response, and that within twenty four hours of being

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Speaker 7: notified of this outbreak that they were able to deploy resources.

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Speaker 7: The State Department has mobilized about one hundred and sixty

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Speaker 7: two million dollars to the outbreak area, specifically to eastern

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Speaker 7: Congo and to Uganda as well.

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Speaker 8: No, that we've seen kind of more of an outbreak

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Speaker 8: hatching focus. Once again, is there a sense that some

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Speaker 8: of the countries that have pulled back funding in communing

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Speaker 8: the US would reverse list positions.

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Speaker 7: There isn't a sense of that yet. They are pulling

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Speaker 7: a lot of resources into the balla response now, but

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Speaker 7: there's no indication that the US, for example, would rejoin

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Speaker 7: the World Health Organization that's really leading the global coordination

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Speaker 7: on this response.

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Speaker 3: So the US did withdraw from the World Health Organization

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Speaker 3: in early twenty twenty five. I would think that that

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Speaker 3: would be pretty impactful because I'm sure we were funding

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Speaker 3: most of it, a lot or a lot of it, Oh,

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Speaker 3: very impactful.

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Speaker 7: The US was the biggest donor to the World Health Organization,

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Speaker 7: so by pulling out of the World Health Organization, their

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Speaker 7: budgets are completely decimated.

438
00:21:57,560 --> 00:21:59,720
Speaker 3: So it raises a question, like a lot of other things,

439
00:21:59,760 --> 00:22:03,040
Speaker 3: is US pools back the mends? For example, it's time

440
00:22:03,040 --> 00:22:05,359
Speaker 3: for you guys to step up. Have we seen Europe?

441
00:22:05,400 --> 00:22:07,520
Speaker 3: Have we seen other parts of the world step up

442
00:22:07,520 --> 00:22:10,520
Speaker 3: to maybe fund what the US was funding?

443
00:22:10,720 --> 00:22:13,800
Speaker 7: Actually, no, we've actually seen the opposite. Some of these

444
00:22:13,840 --> 00:22:15,640
Speaker 7: countries have pulled back on their funding.

445
00:22:16,920 --> 00:22:21,200
Speaker 8: Wow ending Yeah, that doesn't seem very promising at all.

446
00:22:22,080 --> 00:22:25,280
Speaker 8: I mean, prior to kind of the big outbreak, were

447
00:22:25,280 --> 00:22:29,879
Speaker 8: there any kind of early signs that response capabilities and

448
00:22:29,920 --> 00:22:31,840
Speaker 8: surveills were already deteriorating.

449
00:22:32,440 --> 00:22:35,399
Speaker 7: There were some early signs just because this virus was

450
00:22:35,480 --> 00:22:38,480
Speaker 7: spreading for a while, there were rumors about this type

451
00:22:38,480 --> 00:22:42,080
Speaker 7: of fever going around, but because this type of strain

452
00:22:42,160 --> 00:22:45,000
Speaker 7: is a little bit rarer, no testing was able to

453
00:22:45,080 --> 00:22:47,239
Speaker 7: pick it up. And then it also makes it more

454
00:22:47,240 --> 00:22:49,639
Speaker 7: difficult because, like I said, this is a conflict area.

455
00:22:49,840 --> 00:22:53,520
Speaker 7: So when we're transporting these specimens to go towards laboratory testing,

456
00:22:53,600 --> 00:22:57,119
Speaker 7: a lot of that was destroyed in transit because they

457
00:22:57,160 --> 00:22:59,800
Speaker 7: weren't cooled properly, so we weren't able to pick up Oh,

458
00:22:59,800 --> 00:23:01,600
Speaker 7: this is actually a different type of strain that's more

459
00:23:01,640 --> 00:23:03,240
Speaker 7: dangerous and has no vaccine.

460
00:23:03,280 --> 00:23:06,200
Speaker 3: All right, bet thirty seconds left. What are the experts saying?

461
00:23:06,200 --> 00:23:07,600
Speaker 3: How is this play out? Do you think? I mean

462
00:23:07,600 --> 00:23:10,080
Speaker 3: there's no known cure for the vaccine that kind of thing.

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00:23:10,440 --> 00:23:13,080
Speaker 7: Experts are very concerned. There is a rush right now

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00:23:13,119 --> 00:23:15,879
Speaker 7: to be able to work on treatments and work on vaccines.

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00:23:16,080 --> 00:23:18,080
Speaker 7: There's no expectation that this is going to become the

466
00:23:18,080 --> 00:23:20,399
Speaker 7: next COVID or the next pandemic. That's just not how

467
00:23:20,640 --> 00:23:23,200
Speaker 7: ebolo works. But it's very worrying to be able to

468
00:23:23,240 --> 00:23:25,159
Speaker 7: look at an area like this and see a virus

469
00:23:25,200 --> 00:23:25,760
Speaker 7: this deadly.

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