WEBVTT - Apple’s Car Project Loses Three More Key Engineers 0:00:01.800 --> 0:00:04.440 This is Bloomberg Business Week. I'm Karl Masser and I'm 0:00:04.480 --> 0:00:07.280 Bloomberg Quick Takes Tim Stanovk. We're here every day bringing 0:00:07.320 --> 0:00:09.840 you the latest news from the world to business and finance, 0:00:09.840 --> 0:00:13.640 plus technology, politics, economics, all purtnising the power of Business 0:00:13.680 --> 0:00:17.119 Week reporters and editors, not to mention our journalists and 0:00:17.120 --> 0:00:20.000 analysts in more than one twenty countries. You can download 0:00:20.000 --> 0:00:23.479 Bloomberg Business Weekend iTunes, SoundCloud, or Bloomberg dot com. You 0:00:23.480 --> 0:00:25.439 can also listen to our radio show at two pm 0:00:25.480 --> 0:00:27.880 Eastern Time on the Bloomberg Radio or watch us on 0:00:27.920 --> 0:00:31.680 YouTube search Bloomberg clovel News. Timan I mentioned some of 0:00:31.680 --> 0:00:33.600 the headlines that are out there. We mentioned the FDA 0:00:33.720 --> 0:00:36.880 authorizing Fiser's COVID booster for sixteen and seventeen year old 0:00:37.680 --> 0:00:39.960 some mornings from the New York City mayor build the 0:00:40.040 --> 0:00:42.839 Blasio concerned about hospitals. And the thing is, Tim, we 0:00:42.880 --> 0:00:46.760 know that this variant right is not as virulent, but 0:00:46.840 --> 0:00:49.760 we are seeing it's more contagious. I want to be careful. 0:00:49.760 --> 0:00:52.760 We don't know at this point. Okay, folks have told 0:00:52.840 --> 0:00:55.480 us exactly yeah, and and and indications seemed to be 0:00:55.600 --> 0:00:58.360 an indications seemed to be pointing in that direction, but 0:00:58.480 --> 0:01:00.760 it's still we're still at a point from understanding that 0:01:00.960 --> 0:01:02.680 we're waiting on the data to come in, right we 0:01:02.720 --> 0:01:04.600 do any more data, that's a good point. The thing 0:01:04.640 --> 0:01:06.720 is where are concerned about the stresses on our system, 0:01:06.720 --> 0:01:09.400 whether it's our medical and healthcare system, which we've definitely 0:01:09.400 --> 0:01:12.240 seen already around the world. Uh Meantime, we did mention 0:01:12.240 --> 0:01:15.240 a study showing the omicron variant four time four point 0:01:15.240 --> 0:01:18.040 two times more transmissible than the delta variant in its 0:01:18.040 --> 0:01:20.800 early stages. And again that's based on data that we're 0:01:20.800 --> 0:01:23.000 getting out of South Africa. So let's get to it 0:01:23.360 --> 0:01:26.119 with our guest. Dr Cassar to a Lot is with us. 0:01:26.160 --> 0:01:28.760 She is Associate Professor of International Health. She's gonna expertise 0:01:28.760 --> 0:01:31.960 and infectious disease and diseases and international health at the 0:01:31.959 --> 0:01:34.839 Bloomberg School of Public Health, supported by Michael R. Bloomberg, 0:01:34.959 --> 0:01:38.080 founder of Bloomberg LP and Bloomberg Philanthropies. She joins us 0:01:38.080 --> 0:01:40.919 on the phone from Tacoma Park, Maryland. Dr to Lot, 0:01:41.280 --> 0:01:43.319 good to have you here on Bloomberg Radio. How are 0:01:43.360 --> 0:01:46.160 you very well? Thank you and it's a pasure to 0:01:46.160 --> 0:01:48.800 be here. Well, it's great to have you here when 0:01:48.880 --> 0:01:51.320 you get up in the morning and you want to 0:01:51.320 --> 0:01:53.000 know what the top headlines are when it comes to 0:01:53.000 --> 0:01:54.960 the pandemic. What are the things that you're most looking 0:01:54.960 --> 0:01:58.600 out for. I'm looking for the number of cases, how 0:01:58.680 --> 0:02:01.640 quickly they're going up or whether they're coming down. Also 0:02:01.720 --> 0:02:04.880 the number of deaths. UM. I'm looking to see how 0:02:04.960 --> 0:02:09.960 fast the omicron variant is spreading, UM and how many 0:02:10.000 --> 0:02:14.800 countries and UM. Also looking to see UM any vaccine news. 0:02:14.880 --> 0:02:17.960 So it's very exciting today that the FDA authorized the 0:02:18.000 --> 0:02:20.480 booster for sixteen and seventeen year olds. So what would 0:02:20.480 --> 0:02:22.760 you advise sixteen and seventeen year olds who have gotten 0:02:22.760 --> 0:02:24.320 two shots. Would you say, hey, go out and get 0:02:24.360 --> 0:02:27.680 a booster as soon as you can. I think it 0:02:27.880 --> 0:02:32.160 honestly depends on their risks. So if they are living 0:02:32.200 --> 0:02:35.720 in a state where they because most sixteen and seven 0:02:35.760 --> 0:02:38.960 two year olds haven't been vaccinated for as long just 0:02:39.040 --> 0:02:42.240 because they weren't an initial priority group, UM. So if 0:02:42.280 --> 0:02:45.600 they were living in a state where they have really 0:02:45.680 --> 0:02:50.160 high transmission rates and the cases are going up very quickly, UM, 0:02:50.280 --> 0:02:54.120 and they're going to school there may be going to work, UM. 0:02:54.240 --> 0:02:57.160 Often they you know, kids are in service jobs where 0:02:57.160 --> 0:02:59.920 they're forward facing with the public, I would say would 0:02:59.919 --> 0:03:03.120 be something to think about. Um, you know, if they are, 0:03:04.080 --> 0:03:05.960 if they don't have a lot of risk factors, they 0:03:06.000 --> 0:03:09.640 don't live with somebody who's necessarily I mean compromise, they 0:03:09.639 --> 0:03:14.080 could probably wait because, um, you know, at sixteen and seventeen, 0:03:14.440 --> 0:03:17.600 your immune system is amazing, and so they've had a 0:03:17.720 --> 0:03:21.000 very good response to the original two doses of vaccine. 0:03:21.760 --> 0:03:24.400 I always wonder too, And maybe because I feel like, 0:03:25.720 --> 0:03:28.000 you know, for me once, shame on you, for me twice, 0:03:28.000 --> 0:03:29.440 shame on me. And I guess I bring that up 0:03:29.440 --> 0:03:31.639 because you know, if I go back a year ago, 0:03:31.680 --> 0:03:33.440 I think we all thought we would be. We're in 0:03:33.480 --> 0:03:35.240 a much better place, no doubt about it. A lot 0:03:35.240 --> 0:03:38.480 of vaccines have gone out. I'm back at work regularly, 0:03:38.520 --> 0:03:41.160 so are a lot of my colleagues. Restaurants are open, 0:03:41.240 --> 0:03:43.040 you can go in and out of stores. But I 0:03:43.080 --> 0:03:46.839 do think we thought, okay, we would be out of this. Um, 0:03:46.920 --> 0:03:49.720 we're learning a hard lesson in real time. What is 0:03:49.760 --> 0:03:51.440 it What is it that we need to keep in 0:03:51.480 --> 0:03:53.360 mind about that and maybe what it tells us about 0:03:53.360 --> 0:03:57.920 our future? UM. I think what we we need to 0:03:58.000 --> 0:04:01.040 keep in mind is that nobody is safe on tob 0:04:01.040 --> 0:04:05.320 are all protected, and so we live in a very 0:04:05.440 --> 0:04:09.760 very connected world. And so until everybody in the world 0:04:09.840 --> 0:04:14.360 is vaccinated, we're going to keep seeing variance arizing. UM. 0:04:14.520 --> 0:04:18.159 And so just vaccinating the United States and people in 0:04:18.160 --> 0:04:20.040 the United States over and over again isn't going to 0:04:20.080 --> 0:04:23.640 protect us from the development of these variants. I do 0:04:23.760 --> 0:04:27.480 want to actually UM caveat something I just said about 0:04:27.480 --> 0:04:30.200 sixteen and seventeen year old UM. The f d A 0:04:30.360 --> 0:04:33.320 has authorized the boosters that the CDC has not yet 0:04:33.400 --> 0:04:36.920 MUTCH recommend them it. So right now I would not 0:04:37.000 --> 0:04:40.200 recommend that they get it because it's not available to them. UM. 0:04:40.440 --> 0:04:45.880 But if the CDC advisor Community Aimization Practices meets UM 0:04:46.040 --> 0:04:48.840 and recommends it, then it would be something to consider. Right. 0:04:48.880 --> 0:04:51.720 There's that whole process and and and now we get listen, 0:04:51.720 --> 0:04:53.200 we get caught up in it too. It's like, wait, 0:04:53.279 --> 0:04:56.000 it's a great way, no way, because there's there's multiple 0:04:56.040 --> 0:04:58.520 set as we as we remind everything, it's all happening 0:04:58.520 --> 0:05:00.599 in front of us. Uh, and we're learning a lot 0:05:00.640 --> 0:05:03.679 along the way. UM. You know. I guess what's interesting 0:05:03.720 --> 0:05:07.560 too is I often wonder, I mean, can the can 0:05:07.680 --> 0:05:11.839 COVID nineteen. Can it just burn itself out? Can it 0:05:11.920 --> 0:05:16.000 just die out? I don't think it's going to die out, 0:05:16.040 --> 0:05:18.760 But what we all hope for is it will eventually 0:05:18.839 --> 0:05:22.479 become a milder and milder illness as we all acquire immunity, 0:05:22.880 --> 0:05:26.960 hopefully through vaccination, but unfortunately many people in the world 0:05:26.960 --> 0:05:30.039 are acquiring immunity through repeated natural infections, and as we 0:05:30.080 --> 0:05:33.080 can we see in South Africa. You know, natural infection 0:05:33.160 --> 0:05:36.080 isn't enough to protect you against reinfection with new variants 0:05:36.120 --> 0:05:39.719 and so um, it's really important to get the vaccine 0:05:39.760 --> 0:05:43.360 even if you've had covid um. I think the best 0:05:43.440 --> 0:05:45.320 we can hope for at this point is that it 0:05:45.360 --> 0:05:48.480 will become a cold virus. So I wonder, you know, 0:05:48.560 --> 0:05:50.160 Tim and I were talking as we get into it, 0:05:50.200 --> 0:05:52.120 that one thing we are different from a year ago 0:05:52.200 --> 0:05:54.280 or so is certainly at the start of all of this, 0:05:54.440 --> 0:05:57.360 is we do have vaccines, We do have treatments if 0:05:57.360 --> 0:06:00.640 you are hospitalized. We have a better understanding, We understand 0:06:00.640 --> 0:06:03.600 the value of masks and social distancing, so that when 0:06:03.640 --> 0:06:05.560 there are flare ups, we kind of know what to do. 0:06:05.720 --> 0:06:10.719 Having said that shutdowns working from home UM social distancing again, 0:06:10.839 --> 0:06:12.720 is that something that you think we need to still 0:06:12.760 --> 0:06:16.120 respect and have as a constructive and productive part of 0:06:16.120 --> 0:06:19.560 that tool kit. I think, UM, it would be a 0:06:19.640 --> 0:06:25.279 last resort. UM. But if we if we go through UM, 0:06:25.320 --> 0:06:27.640 are you know, if we try to get people vaccinated 0:06:27.920 --> 0:06:32.599 and we encourage people to wear masks and we still 0:06:32.600 --> 0:06:37.560 see cases rising out of control and hospitalizations um uh, 0:06:37.920 --> 0:06:41.400 the hospitals filling up and people UM not being able 0:06:41.440 --> 0:06:44.560 to access healthcare because there is no space in the 0:06:44.600 --> 0:06:47.200 hospital for them to be admitted for whatever medical problem 0:06:47.240 --> 0:06:50.840 there they have. UM. I think then that's something that 0:06:50.880 --> 0:06:53.719 shut down from UM need to be considered UM. In 0:06:53.800 --> 0:06:56.200 order to protect the health of the public. UM. There's 0:06:56.240 --> 0:06:59.159 so much that we can do to prevent those from happening, 0:06:59.160 --> 0:07:01.640 and vaccination the number one thing that we can do. 0:07:02.000 --> 0:07:03.920 Doctors a lot. I want to go back to something 0:07:03.960 --> 0:07:06.039 that you said earlier, the idea that it must we 0:07:06.240 --> 0:07:08.760 really vaccinate the world. We're going to continue to see 0:07:09.240 --> 0:07:13.320 variants emerge. Given you know that what we've seen in 0:07:13.360 --> 0:07:16.360 the United States, is it kind of unrealistic to think 0:07:16.360 --> 0:07:18.760 that we can actually vaccinate the world. And this is 0:07:18.760 --> 0:07:21.240 going to turn into something like the flu where we 0:07:21.280 --> 0:07:22.720 see new variants each and every year, and we have 0:07:22.720 --> 0:07:25.280 to get shots that are tailored towards toward those versions 0:07:25.280 --> 0:07:27.880 of the flu. We may need to do that, but 0:07:27.920 --> 0:07:30.640 I think we we vaccinate the world against the whole 0:07:30.760 --> 0:07:34.520 post of diseases. You know, the vast maturity of people 0:07:34.520 --> 0:07:37.040 in the world are vaccinated against these. Granted we do 0:07:37.080 --> 0:07:41.240 that in children, UM, young children, UM for the most part, 0:07:41.320 --> 0:07:44.800 but we are increasing our vaccinations for diseases such as 0:07:44.960 --> 0:07:48.720 HPV that we vaccinate ours. So I think, UM, if 0:07:48.760 --> 0:07:52.720 there is a will, we can vaccinate the world. It 0:07:52.800 --> 0:07:56.520 might take a little bit of time. UM, But vaccine 0:07:56.560 --> 0:08:01.400 manufacturers have the capacity to increase manufay ucturing. They should 0:08:01.480 --> 0:08:05.360 be sharing this technology with manufacturers and in the lincome 0:08:05.400 --> 0:08:09.640 countries that are eager and able to make the vaccines. UM, 0:08:09.720 --> 0:08:12.840 and we should be able to get vaccines into as 0:08:12.880 --> 0:08:15.000 many arms as possible. Do you think we could get 0:08:15.000 --> 0:08:16.680 to a point where this could be the type of 0:08:16.720 --> 0:08:19.239 vaccine that we could give children and we can actually 0:08:19.240 --> 0:08:22.840 eradicated in a way that we've only eradicated truly one disease. 0:08:23.920 --> 0:08:29.000 It's very hard to eradicate a restaurant. Um, it is possible. UM. 0:08:29.080 --> 0:08:32.199 It takes a tremendous amount. I mean, as we see, 0:08:32.240 --> 0:08:37.959 we've only eradicated successfully one human disease completely, smallpox. UM. 0:08:38.240 --> 0:08:40.680 We're very close on a couple of others. But it's 0:08:40.760 --> 0:08:43.800 the effort is tremendous. UM. I'm hoping that we get 0:08:43.840 --> 0:08:45.760 to a point where this is a flu like illness 0:08:45.960 --> 0:08:49.439 or a cold like virus UM, where it doesn't cause 0:08:49.480 --> 0:08:52.360 as much severe disease as it is now UM. But 0:08:52.600 --> 0:08:54.800 that that's going to take time, and it's going to 0:08:54.880 --> 0:09:00.200 take a concerted political will from everybody to make her 0:09:00.240 --> 0:09:04.439 that we're all protected. You know. I also do wonder 0:09:05.000 --> 0:09:09.240 it's interesting. Earlier today for the Bloomberg Sustainable Business Sumit, 0:09:09.280 --> 0:09:12.280 I caught up with Sanda O Giambo over at You 0:09:12.360 --> 0:09:15.360 Not in Nations the Global Compact. She's head of that, 0:09:15.840 --> 0:09:18.040 and she talked about the importance of it and said, basically, 0:09:18.160 --> 0:09:20.360 until we are able to get access to vaccines globally, 0:09:20.400 --> 0:09:22.640 will not ever be able to say we are truly 0:09:22.679 --> 0:09:24.840 free your safe from COVID. Having said that, it just 0:09:24.880 --> 0:09:27.840 reminds me about the importance of global collaboration at a 0:09:27.920 --> 0:09:31.400 time where we're seeing strained relations between companies, most notably 0:09:31.920 --> 0:09:34.600 the US and China. Does that worry you going forward? 0:09:35.960 --> 0:09:38.480 So I'm not I'm not a political scientist, but yes, 0:09:38.559 --> 0:09:43.480 I mean every time there are there there is distrust UM, 0:09:43.520 --> 0:09:45.880 there is going to be a lack of willingness to 0:09:45.920 --> 0:09:49.800 share information freely across UM borders and it's and for 0:09:50.200 --> 0:09:54.160 diseases such as UM, for viruses and transmission, it is 0:09:54.200 --> 0:09:57.280 so important for the information to be shared as quickly 0:09:57.320 --> 0:09:59.760 as possible so that the world is aware of what's 0:09:59.760 --> 0:10:03.239 happen beenning. I mean, South African science should be commended 0:10:03.440 --> 0:10:08.320 and applauded for sharing that information so quickly to set 0:10:08.320 --> 0:10:10.839 off the alarm about the omicon variant and and we 0:10:11.120 --> 0:10:14.080 want to encourage that end. When we have free and 0:10:14.120 --> 0:10:17.840 open exchange of ideas UM, it makes things much easier, 0:10:17.880 --> 0:10:21.880 and political stresses can sometimes interfere with that. All right, 0:10:21.920 --> 0:10:23.720 We're gonna leave it on that note. Thank you so much. 0:10:23.760 --> 0:10:27.000 We really appreciate your time today. Dr Kassar to a 0:10:27.000 --> 0:10:30.120 lot Associate Professor at the Johns Hopkins Bloomberg School of 0:10:30.120 --> 0:10:32.880 Public Health, of course, supported by Michael R. Bloomberg, founder 0:10:32.920 --> 0:10:36.280 Bloomberg Bloomberg, ALP and Bloomberg Philanthropy. She's joining us on 0:10:36.320 --> 0:10:40.440 the phone from Maryland. You know, these conversations every day. 0:10:40.480 --> 0:10:42.040 I kind of learned something and I feel like we 0:10:42.160 --> 0:10:45.160 fine tune what we know about the virus that spread 0:10:45.160 --> 0:10:46.720 and how to deal with it. And look, this is 0:10:46.760 --> 0:10:50.679 you know, somebody who's studied uh bola and vaccines and 0:10:50.720 --> 0:10:55.800 a bolo vaccines and malaria, um vaccines and influenza, and 0:10:55.800 --> 0:10:58.880 she's optimistic that we could actually vaccine ate the world 0:10:58.880 --> 0:11:03.240 against this out. No, absolutely, and I think that comparison, 0:11:03.280 --> 0:11:05.480 that point that she makes when it comes to other 0:11:05.559 --> 0:11:08.960 things that we have certainly eradicated from the world, it's 0:11:09.000 --> 0:11:11.120 a reminder of what we can do. You're listening to 0:11:11.240 --> 0:11:15.199 Bloomberg Business Week with Carol Messer and Bloomberg Quick Takes 0:11:15.320 --> 0:11:19.800 Tim Stinovic on Bloomberg Radio Business Week. The cover story 0:11:19.800 --> 0:11:21.800 also happens to be among the most read on the 0:11:21.840 --> 0:11:25.680 Bloomberg Today and Tim, it's also the Bloomberg Big Take it. Yeah, 0:11:25.720 --> 0:11:28.599 it's all about one vaccine to rule them all. I 0:11:28.640 --> 0:11:30.360 couldn't help but think of some sort of like you know, 0:11:30.440 --> 0:11:32.160 Lord of the Rings reference. There is that Lord of 0:11:32.160 --> 0:11:33.839 the Rings. I don't know, it's one vaccine to rule 0:11:33.880 --> 0:11:37.440 them all, wanting to rule them all. It is and uh, 0:11:37.600 --> 0:11:40.360 the story, though, I think is a little bit more nuanced. 0:11:40.520 --> 0:11:42.920 That voice that you're hearing is none other than Joel Webber, 0:11:43.080 --> 0:11:45.120 editor at Bloomberg business Week. He joins us in the 0:11:45.120 --> 0:11:48.400 Bloomberg Interactive Broker Studio along with Bob Langrath, healthcare reporter 0:11:48.440 --> 0:11:50.480 for Bloomberg News, also with us in the Bloomberg and 0:11:50.520 --> 0:11:53.439 Active Broker Studio. Bob's story is the cover of the 0:11:53.440 --> 0:11:55.720 new issue of Bloomberg Business Week magazine. It's available on 0:11:55.720 --> 0:11:58.880 news stands, online, and at Bloomberg dot com Slash business Week. 0:11:58.920 --> 0:12:00.920 What's interesting about this story, Rate is you talk about 0:12:00.920 --> 0:12:04.520 this idea for super vaccine to build to really beat Delta, 0:12:04.559 --> 0:12:07.080 amicron and more. But there's a lot more going on here, Joel, 0:12:07.080 --> 0:12:08.880 about whether or not indeed it will get done. It's 0:12:08.880 --> 0:12:11.800 not just a science story or medical story. It's also 0:12:11.800 --> 0:12:15.120 an economic story. It's all of that. Um But what 0:12:15.120 --> 0:12:17.959 we're ultimately talking about here isn't about just a booster 0:12:18.679 --> 0:12:21.760 or or even anything that's specifically about COVID, although it 0:12:21.840 --> 0:12:25.000 could solve it with but there is a very very 0:12:25.240 --> 0:12:30.360 very early science that suggests that we could actually be 0:12:30.440 --> 0:12:33.000 able to develop something that looks like a pan coronavirus. 0:12:33.040 --> 0:12:36.520 So that would account for not just COVID, but remember mers, 0:12:36.520 --> 0:12:41.200 remember stars, Uh, even maybe even the common cold. Um. 0:12:41.400 --> 0:12:46.200 And again let me underscore this early science. Uh. And 0:12:47.280 --> 0:12:50.199 if this plays out a little bit though, knowing what 0:12:50.240 --> 0:12:52.760 we know now about being able to develop vaccines, it 0:12:52.840 --> 0:12:54.760 might not be so much that the science would be 0:12:54.760 --> 0:12:56.440 the thing that would hold us back so much as 0:12:56.480 --> 0:12:59.120 the economics of it. All Right, So so Bob, take 0:12:59.160 --> 0:13:03.280 us to Singapore, um where some where the science as 0:13:03.320 --> 0:13:06.120 part of the sciences is coming from. Yeah. So we 0:13:06.280 --> 0:13:08.400 begin the story with a lead of one of the 0:13:08.520 --> 0:13:11.800 from one of the kind of world's top bat coronavirus exports, 0:13:12.160 --> 0:13:14.560 a guy named Linfa Wang, and Singapore has been studying 0:13:14.559 --> 0:13:17.440 bad born viruses for decades and one had led the 0:13:17.440 --> 0:13:19.920 team that discovered that stars that was at one of 0:13:19.920 --> 0:13:24.040 the the coronavirus UH deadly chroma virus epidemic and two 0:13:24.080 --> 0:13:27.760 us in three he discovered that came from bats uh 0:13:27.800 --> 0:13:32.320 and uh So when the UH the pandemic started to 0:13:32.320 --> 0:13:34.560 happen early on, he had this idea that maybe some 0:13:34.640 --> 0:13:37.240 of these stars survivors and Singapore some kind of special 0:13:37.320 --> 0:13:39.920 antibodies that they could protect against COVID to look at them. 0:13:39.920 --> 0:13:42.200 It turns out they didn't. But then about a year later, 0:13:42.800 --> 0:13:46.440 you know, those survivors in Singapore, the original stars, you know, 0:13:46.480 --> 0:13:49.839 started getting UH immunizations for COVID, and he had this 0:13:49.880 --> 0:13:52.280 idea like, now they've kind of this is this rare 0:13:52.360 --> 0:13:56.240 window into immune systems have been exposed to these different 0:13:56.280 --> 0:13:58.720 you know, epidemic strains of coronaviruses, and do they have 0:13:58.800 --> 0:14:02.000 some special cross reactive anybodies. They looked again, and they did. 0:14:02.000 --> 0:14:05.120 They had antibodies of protection against like five different coronaviruses 0:14:05.120 --> 0:14:06.920 that have never been a humans before. It feels like 0:14:06.960 --> 0:14:09.520 a holy grail on this. That was the first signs 0:14:09.640 --> 0:14:11.760 like this sort of thing might be possible. And he 0:14:11.920 --> 0:14:14.360 and about you know, ten twelve, thirteen other labs and 0:14:14.440 --> 0:14:17.199 a bunch of smaller biotechs or you know, racing to 0:14:17.280 --> 0:14:18.800 work on this. But you know, a long term the 0:14:18.880 --> 0:14:21.720 key question is if if this continues to look prompting, 0:14:21.760 --> 0:14:23.240 who's going to put up the money to do it 0:14:23.320 --> 0:14:25.240 for the big kind of Manhattan project to do it? 0:14:25.400 --> 0:14:29.160 Fights in Madeia, I don't know so about that. That 0:14:29.240 --> 0:14:30.760 was part of One of the most interesting parts of 0:14:30.760 --> 0:14:32.880 the story I thought is that you know, here we 0:14:32.920 --> 0:14:35.960 are with the omicron variant making its way around the world, 0:14:36.000 --> 0:14:37.960 and the executives of these companies are being asked, are 0:14:37.960 --> 0:14:40.680 you working already on an omicron variant shot? If they're 0:14:40.720 --> 0:14:43.120 giving some sort of shot every six months to attack 0:14:43.160 --> 0:14:45.880 a new variant, that's money in their pockets. So incentives 0:14:45.880 --> 0:14:48.640 aren't necessarily aligned with them creating the shot to end 0:14:48.640 --> 0:14:50.880 all shots. All right, they have a thing, you know, 0:14:50.920 --> 0:14:53.400 that works right now, and they've a kind of procedure 0:14:53.440 --> 0:14:56.120 they know that probably gonna work to make something for 0:14:56.200 --> 0:14:58.160 a new variant, at least for you know, we don't 0:14:58.160 --> 0:14:59.920 know how long these things are gonna work. That's one thing. 0:15:00.080 --> 0:15:02.560 Then if new variants keep coming, you know, even with 0:15:02.720 --> 0:15:05.960 m RNA, which is faster than other vaccine technology, you're 0:15:05.960 --> 0:15:08.680 still scrambling to keep up. You've still gotta know a 0:15:08.760 --> 0:15:12.400 virus that raises ahead of things. So, you know, so 0:15:12.480 --> 0:15:14.680 the riskier thing, but it could pay off, would be 0:15:14.720 --> 0:15:16.880 to put in a lot of money, a big Manhattan 0:15:16.920 --> 0:15:20.360 style research project by someone to see if this universal 0:15:20.400 --> 0:15:23.840 thing is really possible. But someone has to put big 0:15:23.840 --> 0:15:26.720 bucks behind it. If the research continues to be promising. Well, 0:15:26.760 --> 0:15:28.760 the other thing here is like there's there's Big Bucks 0:15:28.800 --> 0:15:30.840 and and there's some of that, right and I h 0:15:30.920 --> 0:15:32.800 just put some of them in there, But there's even 0:15:32.840 --> 0:15:35.800 like potentially different technologies, right, Like we've all come to 0:15:35.880 --> 0:15:39.680 understand the m RNA is one thing, but nanoparticles, Yeah, 0:15:39.760 --> 0:15:42.920 so that's one of the new tell more. Yeah, i'd 0:15:42.960 --> 0:15:46.040 say like the next next generation like vaccines. So the 0:15:46.120 --> 0:15:48.720 idea behind these nanoparticle vaccines, which is one of the 0:15:48.760 --> 0:15:51.640 main technologies are pursuing for a kind of pan or 0:15:51.680 --> 0:15:54.760 coronavirus shots, is that you have a little kind of 0:15:54.800 --> 0:15:57.720 virus sized particle, it's either some sort of bacterial or 0:15:57.840 --> 0:16:00.480 kind of artificial protein you could just add on a 0:16:00.520 --> 0:16:03.800 little different spike proteins or surface proteins from different coronavirus 0:16:03.840 --> 0:16:05.600 is kind of all over the top. So so it 0:16:05.600 --> 0:16:08.000 looks like to the immune system, looks like a virus 0:16:08.080 --> 0:16:11.560 with pieces of ten different coronaviruses on top, and that 0:16:12.240 --> 0:16:15.280 in theory might train the immune system to kind of 0:16:15.280 --> 0:16:19.120 generate cross reactive antibodies against multiple coronaviruses. And that's what 0:16:19.200 --> 0:16:22.720 they're showing in these lab experiments and area and it's 0:16:22.760 --> 0:16:26.200 mostly lab experience. There's a few Phase one human trials, 0:16:26.200 --> 0:16:28.320 but not many. That's what they're showing that may be 0:16:28.440 --> 0:16:31.360 happening in some of these early experiments. And yeah, so 0:16:31.400 --> 0:16:35.640 it's very intriguing. Okay, so slow that down a little bit. 0:16:35.840 --> 0:16:38.760 It's a completely different technology. It is, some of it 0:16:38.880 --> 0:16:43.760 is being tested. It's very early. Uh, little dongles hanging 0:16:43.760 --> 0:16:46.160 off there, like what what how exactly does all of 0:16:46.200 --> 0:16:50.800 this stuff come together? And if that technology bears out? Yeah, 0:16:51.040 --> 0:16:53.080 I'll exactly show your question. But it's basically a little 0:16:53.080 --> 0:16:55.400 little you know, protein balls to which you can just 0:16:55.480 --> 0:16:58.320 depend like different spike proteins are literally literally these a 0:16:58.320 --> 0:17:02.040 little little cages and jeer uh. And there's several other 0:17:02.120 --> 0:17:04.680 technologies they're pursuing. And then the question we've got to 0:17:04.720 --> 0:17:07.080 sort through these and you know, see which ones are 0:17:07.080 --> 0:17:10.560 most promising and to go ahead with on a larger scale. Bob, 0:17:10.600 --> 0:17:14.000 does the flu vaccines give us any insight into any 0:17:14.040 --> 0:17:16.439 of this? That's that's a very good question. So you know, 0:17:16.560 --> 0:17:18.600 one thing we note in the story is that you know, 0:17:19.040 --> 0:17:21.160 back on the forties, when you know, at the University 0:17:21.160 --> 0:17:24.080 of Michigan, Uh, there was a guy named Thomas Francis 0:17:24.119 --> 0:17:26.560 and his protege you may have heard of him, Jonah Salk. 0:17:27.280 --> 0:17:29.520 They developed in the first flu vaccines, and early on 0:17:29.600 --> 0:17:32.560 with the flu vaccine, they thought, hey, these look highly promising. 0:17:32.560 --> 0:17:36.800 The results look really really good. Seventy efficacy and oh yeah, 0:17:36.840 --> 0:17:38.959 there's some variants of the flu, but no problem, we'll 0:17:38.960 --> 0:17:40.960 gotta handle of on that. By you know, varying the 0:17:41.000 --> 0:17:43.160 flu from strange from year to year, it was only 0:17:43.280 --> 0:17:46.040 told decades later. So they realized that the efficacy the 0:17:46.040 --> 0:17:49.439 flu vaccine can was mediocre. So the flu, you know, 0:17:49.520 --> 0:17:52.920 provides an example of how hard it is to get 0:17:52.920 --> 0:17:55.240 a handle and you know, respiratory viruses, what's kind of 0:17:55.280 --> 0:17:59.320 annual vaccines. It's a great story. There's so much going on, 0:18:00.359 --> 0:18:02.800 uh and just to understand how science is moving along 0:18:02.800 --> 0:18:05.040 on this and an understanding and maybe a breakthrough going 0:18:05.600 --> 0:18:07.280 down the road. It is the cover story of Bloomberg 0:18:07.280 --> 0:18:09.760 Business Week. It's the big take. It's among the most read. 0:18:09.760 --> 0:18:12.520 Bobbling Breath, another great story as we continue to go 0:18:12.560 --> 0:18:14.920 through this pandemic. All your stuff has always been a 0:18:15.000 --> 0:18:17.400 must read. Bob blaneg greath healthcare reporter U Bloomberg News. 0:18:17.440 --> 0:18:20.400 Here in our Interactive Broker Studio. Jill Webber, Editor Bloomberg 0:18:20.400 --> 0:18:23.040 Business Week, ME Magazine. He's in the kids chair here 0:18:23.080 --> 0:18:26.399 in our studio, kids chair in in a in a 0:18:26.440 --> 0:18:28.640 suit that you know looks really good on a colleague 0:18:28.640 --> 0:18:31.639 to all right, you're listening to Bloomberg Business Week. This 0:18:31.680 --> 0:18:36.200 is Bloomberg Radio. This is Bloomberg Business Week with Carol 0:18:36.240 --> 0:18:40.680 Masser and Bloomberg Quick Takes Tim Stenovic on Bloomberg Radio. 0:18:41.160 --> 0:18:43.880 So one of the names that we've been watching today 0:18:44.240 --> 0:18:48.000 is Apple again as it continues to grind. It's not 0:18:48.040 --> 0:18:50.480 really grinding higher today, it's just down about two tens 0:18:50.480 --> 0:18:52.520 of percent, so we'll change. But we're watching it so 0:18:52.520 --> 0:18:54.800 closely because it's almost hitting three trillion. Ye right now, 0:18:54.800 --> 0:18:58.479 it's at two point eight six seven billion to trillion. 0:18:58.520 --> 0:19:00.560 Excuse me, two point eight six seven. It's been a 0:19:00.720 --> 0:19:06.520 bit above that. But um, we all are um, let's 0:19:06.520 --> 0:19:08.760 get to it there because there's some interesting stuff. Are 0:19:08.800 --> 0:19:11.880 Mark German put out a story about Apple Apparently there 0:19:11.880 --> 0:19:15.880 are company's self driving car project, him losing three key engineers. Yeah. 0:19:15.920 --> 0:19:19.080 So interestingly enough, a lot of those engineers headed to 0:19:19.359 --> 0:19:22.240 other transportation startups. For this, we bring in Ed Ludlow, 0:19:22.240 --> 0:19:24.680 West Coast correspondent at Bloomberg News. He joins us now 0:19:24.920 --> 0:19:28.560 from our Los Angeles bureau in southern California, no longer 0:19:28.640 --> 0:19:31.600 northern California. It's usually joining us from. And a couple 0:19:31.640 --> 0:19:33.600 of things stand out to me about this story. One is, 0:19:33.720 --> 0:19:36.200 you know who who actually left Apple, but but also 0:19:36.240 --> 0:19:38.399 where they're going. Let's get to that in just a second. First, 0:19:38.400 --> 0:19:40.840 what do we know up to now about what Apple's 0:19:40.880 --> 0:19:43.440 doing when it comes to autos? Well, just retty quick, 0:19:43.440 --> 0:19:45.960 I mean Carol talking about three trillion, right. The reason 0:19:46.000 --> 0:19:48.359 that Morgan Stanley raised his price target at the beginning 0:19:48.359 --> 0:19:51.359 of the week is they said these future endeavors, future 0:19:51.400 --> 0:19:54.320 products like an Apple car, just aren't priced into the stock. 0:19:54.480 --> 0:19:58.359 That's why we're paying such close attention. Right. But this 0:19:58.440 --> 0:20:01.960 is has been the main podcast story, not what they've done, 0:20:02.040 --> 0:20:04.840 but the sort of merry go round of executives. You know, 0:20:05.240 --> 0:20:08.040 their leader on the right radar front has departed for 0:20:08.080 --> 0:20:11.080 a startup. Radar really important part of the sensor suite 0:20:11.359 --> 0:20:14.520 which goes into autonomous technology. And we know from Mark 0:20:14.560 --> 0:20:17.440 German's fantastic scoop last month that is what Apple wants 0:20:17.480 --> 0:20:19.800 to do, right, They want to start with a fully 0:20:19.800 --> 0:20:22.600 autonomous vehicle, not sort of a normal car, and build 0:20:22.680 --> 0:20:25.000