1 00:00:03,760 --> 00:00:09,120 Speaker 1: Welcome to Prognosis. I'm Laura Carlson. It's day one eighty 2 00:00:09,200 --> 00:00:14,680 Speaker 1: two since coronavirus was declared a global pandemic. Today's main story. 3 00:00:15,920 --> 00:00:19,680 Speaker 1: Health agencies and drug companies are taking steps to reassure 4 00:00:19,720 --> 00:00:24,200 Speaker 1: the public that they're developing a vaccine safely and not 5 00:00:24,320 --> 00:00:28,320 Speaker 1: being guided by political pressure. They might have to do 6 00:00:28,480 --> 00:00:32,120 Speaker 1: a lot for the public to trust an eventual vaccine, 7 00:00:33,680 --> 00:00:48,800 Speaker 1: but first, here's what happened in virus news today. India's 8 00:00:48,840 --> 00:00:54,400 Speaker 1: coronavirus fatalities are creeping up. The country recently surpassed Brazil 9 00:00:54,560 --> 00:00:59,760 Speaker 1: to have the world's second highest number of cases. India 10 00:00:59,840 --> 00:01:03,400 Speaker 1: has reported more than one thousand deaths from COVID nineteen 11 00:01:03,760 --> 00:01:09,080 Speaker 1: for eight consecutive days. That's higher than the daily death 12 00:01:09,120 --> 00:01:13,840 Speaker 1: toll in other hard hit nations like the US, Brazil, Russia, 13 00:01:14,000 --> 00:01:20,080 Speaker 1: and Mexico, with almost seventy four thousand virus related deaths. 14 00:01:20,600 --> 00:01:25,160 Speaker 1: India has the world's third most people killed by the virus. 15 00:01:26,760 --> 00:01:31,440 Speaker 1: In at least one US city, Halloween festivities are canceled. 16 00:01:32,600 --> 00:01:36,600 Speaker 1: Los Angeles is not allowing door to door trigger treating 17 00:01:37,040 --> 00:01:40,679 Speaker 1: as well as other traditional Halloween gatherings this year to 18 00:01:40,840 --> 00:01:44,480 Speaker 1: curb the spread of the virus. That's according to the 19 00:01:44,480 --> 00:01:50,240 Speaker 1: city's Department of Public Health. So called trunk or treating 20 00:01:50,280 --> 00:01:53,240 Speaker 1: events where children go from car to car to receive 21 00:01:53,320 --> 00:01:57,440 Speaker 1: treats have also been banned, as have gatherings with non 22 00:01:57,520 --> 00:02:02,800 Speaker 1: household members, even those out doors. Finally, one of the 23 00:02:02,840 --> 00:02:08,600 Speaker 1: most promising coronavirus vaccines has stumbled, delivering a reality check 24 00:02:08,639 --> 00:02:13,120 Speaker 1: about the odds of developing a drug quickly. Astra Zeneca 25 00:02:13,440 --> 00:02:18,160 Speaker 1: paused tests of its experimental shot after one patient became ill. 26 00:02:19,360 --> 00:02:22,959 Speaker 1: Doing so is routine in the farming industry. The patient's 27 00:02:23,000 --> 00:02:27,160 Speaker 1: illness could be a harbinger of something worrisome or something 28 00:02:27,440 --> 00:02:32,680 Speaker 1: entirely unrelated to the vaccine, But in a world crippled 29 00:02:32,720 --> 00:02:36,400 Speaker 1: by the pandemic, the setback comes as a reminder that 30 00:02:36,520 --> 00:02:41,120 Speaker 1: vaccines can fail, or worse, that they can sometimes deliver 31 00:02:41,520 --> 00:02:46,640 Speaker 1: more harm than good, a disclaimer for politicians and governments 32 00:02:46,880 --> 00:02:50,760 Speaker 1: promising that a COVID nineteen fix is around the corner, 33 00:02:57,400 --> 00:03:01,520 Speaker 1: and that brings us to today's main story. Rate. An 34 00:03:01,639 --> 00:03:05,800 Speaker 1: unsubstantiated claim two weeks ago by President Donald Trump that 35 00:03:05,919 --> 00:03:09,320 Speaker 1: the Deep State was slowing approval of a COVID nineteen 36 00:03:09,400 --> 00:03:13,560 Speaker 1: vaccine has set off an effort by government officials and 37 00:03:13,720 --> 00:03:18,160 Speaker 1: private industry to ensure the White House doesn't interfere with 38 00:03:18,240 --> 00:03:24,560 Speaker 1: a methodical, careful scientific process. Leaders of the U s. 39 00:03:24,560 --> 00:03:28,160 Speaker 1: Food and Drug Administration are trying to insulate the agency's 40 00:03:28,280 --> 00:03:33,720 Speaker 1: vaccine reviewers from outside political pressure. They're also making clear 41 00:03:33,760 --> 00:03:37,320 Speaker 1: to f d A staff that the political noise shouldn't 42 00:03:37,400 --> 00:03:42,720 Speaker 1: influence the agency's decisions. F d A Commissioner Stephen Hahn 43 00:03:42,840 --> 00:03:46,960 Speaker 1: last week sent an email to all seventeen thousand staff 44 00:03:47,000 --> 00:03:51,120 Speaker 1: members promising that the agency would adhere to strictly the 45 00:03:51,320 --> 00:03:56,120 Speaker 1: science in a vaccine review. I talked to Bloomberg senior 46 00:03:56,200 --> 00:04:00,280 Speaker 1: editor for Healthcare Drew Armstrong about why measures like these 47 00:04:00,320 --> 00:04:04,480 Speaker 1: are necessary and what agencies and companies are trying to 48 00:04:04,520 --> 00:04:09,280 Speaker 1: do to make sure the public can trust an eventual vaccine. 49 00:04:16,400 --> 00:04:20,640 Speaker 1: What are pharmaceutical companies like Astra Zenica doing to try 50 00:04:20,680 --> 00:04:24,960 Speaker 1: and quell fears that a vaccine might be rushed or unsafe. 51 00:04:26,320 --> 00:04:30,000 Speaker 1: We're in such an interesting time right now for the 52 00:04:30,040 --> 00:04:35,800 Speaker 1: development of these vaccines because you have these two forces 53 00:04:35,800 --> 00:04:41,200 Speaker 1: pushing on exact opposite sides, and it's created a really 54 00:04:41,240 --> 00:04:45,719 Speaker 1: interesting tension for both the companies developing these vaccines. The 55 00:04:45,960 --> 00:04:50,119 Speaker 1: government's overseeing them and pretty much all of science. Because 56 00:04:50,960 --> 00:04:53,359 Speaker 1: on one hand, you have this desire for there to 57 00:04:53,400 --> 00:04:58,200 Speaker 1: be incredibly robust safety and efficacy data, the type of 58 00:04:58,240 --> 00:05:00,000 Speaker 1: thing that you want on any vaccine, because you're giving 59 00:05:00,000 --> 00:05:01,680 Speaker 1: a healthy people and you want to know that it 60 00:05:01,760 --> 00:05:05,440 Speaker 1: works and that it's not going to create any harm. 61 00:05:05,520 --> 00:05:07,680 Speaker 1: And then on the other hand, you have in the 62 00:05:07,760 --> 00:05:11,479 Speaker 1: United States close to a thousand people dying a day 63 00:05:11,520 --> 00:05:15,479 Speaker 1: of this disease, which is a real counterweight. And so 64 00:05:15,560 --> 00:05:18,560 Speaker 1: you have these dual desires pushing against each other, and 65 00:05:18,600 --> 00:05:23,480 Speaker 1: the development of these vaccines is stuck right in the middle. Um. 66 00:05:23,520 --> 00:05:26,600 Speaker 1: So one of the things that we have seen uh 67 00:05:26,839 --> 00:05:29,719 Speaker 1: to try and reassure the public that these will be 68 00:05:29,880 --> 00:05:33,400 Speaker 1: safe and that they will be effective, is a pledge 69 00:05:33,560 --> 00:05:36,960 Speaker 1: from vaccine makers that are engaged with the US government 70 00:05:37,000 --> 00:05:40,640 Speaker 1: that they will not submit anything to the US until 71 00:05:40,680 --> 00:05:44,279 Speaker 1: they have robust safety and efficacy data. Now that is 72 00:05:44,560 --> 00:05:48,000 Speaker 1: would in normal times be a very very bland statement, 73 00:05:48,320 --> 00:05:51,560 Speaker 1: but put up against some of the public statements from 74 00:05:51,600 --> 00:05:55,120 Speaker 1: the President um where he has accused parts of the 75 00:05:55,160 --> 00:05:58,200 Speaker 1: FDA of being the deep state to slow him down 76 00:05:58,760 --> 00:06:02,880 Speaker 1: or giving optic, mystic timelines about a vaccine being ready 77 00:06:02,920 --> 00:06:06,480 Speaker 1: before election day, which obviously has pretty serious political implications. 78 00:06:06,880 --> 00:06:10,360 Speaker 1: It has seemed to be a necessary step by by 79 00:06:10,440 --> 00:06:14,000 Speaker 1: the industry to kind of protect health regulators inside the 80 00:06:14,080 --> 00:06:18,120 Speaker 1: US government from some of those pressures. And I definitely 81 00:06:18,120 --> 00:06:21,120 Speaker 1: want to talk about the political pressures and certainly the 82 00:06:21,200 --> 00:06:23,880 Speaker 1: role of the f d A, but let's stay on this, 83 00:06:23,880 --> 00:06:27,279 Speaker 1: this development that's happened with astra zenica in the course 84 00:06:27,279 --> 00:06:31,240 Speaker 1: of you know, a usual vaccine study, UM a participant 85 00:06:31,279 --> 00:06:34,520 Speaker 1: falling ill. Is this an unusual step in the process 86 00:06:34,520 --> 00:06:38,040 Speaker 1: at all. It's not. And I think to understand this 87 00:06:38,080 --> 00:06:40,440 Speaker 1: a little bit better, you have to know how these 88 00:06:40,480 --> 00:06:43,599 Speaker 1: things get handled. Anytime you have a large trial of 89 00:06:43,640 --> 00:06:46,680 Speaker 1: a drug, you have a group of scientists who are 90 00:06:46,720 --> 00:06:50,279 Speaker 1: helping oversee what's happening there, called the Data Safety Monitoring Board. 91 00:06:50,760 --> 00:06:53,400 Speaker 1: Their job is to look at anything that happens into 92 00:06:53,440 --> 00:06:57,400 Speaker 1: the trial that might be a worrying side effect or 93 00:06:57,400 --> 00:07:00,000 Speaker 1: adverse events what the industry calls it, and make sure 94 00:07:00,040 --> 00:07:03,080 Speaker 1: it's not related to the vaccine. So any time anyone 95 00:07:03,120 --> 00:07:05,159 Speaker 1: gets sick, whether or not it seems like it's related 96 00:07:05,240 --> 00:07:06,880 Speaker 1: or not, they look at this. If someone is in 97 00:07:06,920 --> 00:07:10,560 Speaker 1: a car accident, um, you know, or it gets god forbid, 98 00:07:10,600 --> 00:07:13,400 Speaker 1: hit by a bus crossing the street, they have a 99 00:07:13,480 --> 00:07:16,520 Speaker 1: heart attack. You have to look at it because, as 100 00:07:16,720 --> 00:07:18,600 Speaker 1: odd as it seems, you want to make sure you 101 00:07:18,640 --> 00:07:22,080 Speaker 1: don't have you know, let's just say hypothetically that that 102 00:07:22,160 --> 00:07:25,440 Speaker 1: the drug or the vaccine didn't cause one of those things. 103 00:07:25,680 --> 00:07:28,280 Speaker 1: A lot of those can be looked at and ruled 104 00:07:28,320 --> 00:07:30,680 Speaker 1: out relatively quickly, but then you get a category of 105 00:07:30,760 --> 00:07:33,880 Speaker 1: things that you might say, you know, hey, we need 106 00:07:33,920 --> 00:07:37,040 Speaker 1: to actually pause and examine this a little bit further. 107 00:07:37,480 --> 00:07:40,160 Speaker 1: Sometimes they will be found not to have any relation 108 00:07:40,200 --> 00:07:43,400 Speaker 1: to the vaccine. It's just bad luck that happens. Anytime 109 00:07:43,440 --> 00:07:46,200 Speaker 1: you have a large trial tens of thousands of people. 110 00:07:46,560 --> 00:07:48,679 Speaker 1: People get sick, and you know that that can happen 111 00:07:48,720 --> 00:07:51,200 Speaker 1: in the course of the trial. Things can happen to people, 112 00:07:51,520 --> 00:07:53,320 Speaker 1: but you have to investigate that and you have to 113 00:07:53,360 --> 00:07:57,280 Speaker 1: make sure that it's not something that is potentially caused 114 00:07:57,280 --> 00:07:59,880 Speaker 1: by the vaccine. That's an important step, and I think 115 00:08:00,000 --> 00:08:03,320 Speaker 1: in general people should probably take confidence that this is 116 00:08:03,360 --> 00:08:06,840 Speaker 1: happening right now. It's certainly might you know, set back 117 00:08:06,920 --> 00:08:09,520 Speaker 1: the timeline or the best possible timeline to see these 118 00:08:09,560 --> 00:08:11,720 Speaker 1: types of things, but it should give people confidence in 119 00:08:11,720 --> 00:08:14,040 Speaker 1: the science, that science is going to be allowed to 120 00:08:14,080 --> 00:08:17,840 Speaker 1: play out. Any adverse events caused by these vaccines are 121 00:08:18,000 --> 00:08:20,760 Speaker 1: going to be looked at, and that they're going to 122 00:08:20,880 --> 00:08:24,560 Speaker 1: do the hard work and the sometimes you know, unfairseeming 123 00:08:24,600 --> 00:08:27,920 Speaker 1: work of trying to find a vaccine that's um that's 124 00:08:27,960 --> 00:08:32,320 Speaker 1: safe and effective. And so let's also take a look 125 00:08:32,360 --> 00:08:35,320 Speaker 1: at the role of the f d A. You know, 126 00:08:35,400 --> 00:08:38,439 Speaker 1: once the pharmaceutical companies have a vaccine that they think 127 00:08:38,520 --> 00:08:43,280 Speaker 1: is safe and effective, what pledges or what stance have 128 00:08:43,400 --> 00:08:46,880 Speaker 1: they taken in terms of guaranteeing that a vaccine that 129 00:08:46,920 --> 00:08:51,440 Speaker 1: they approve is going to be safe and effective. You know, 130 00:08:51,600 --> 00:08:54,800 Speaker 1: the f d A has always had very high standards. 131 00:08:54,880 --> 00:08:57,920 Speaker 1: It's been thought of as the kind of gold standard 132 00:08:58,040 --> 00:09:01,880 Speaker 1: for the world in terms of drawing and healthcare regulation. 133 00:09:02,440 --> 00:09:05,640 Speaker 1: And one of the things that we've seen, UM is 134 00:09:05,679 --> 00:09:09,280 Speaker 1: that the FDA has really had to emphasize to people 135 00:09:09,400 --> 00:09:12,280 Speaker 1: because of some of this noise coming from the President 136 00:09:12,559 --> 00:09:15,880 Speaker 1: UM about vaccine timelines and other things, that you know, 137 00:09:16,040 --> 00:09:19,240 Speaker 1: it's not willing to let things be politicized, that it 138 00:09:19,360 --> 00:09:21,600 Speaker 1: is going to stick to the science, that it will 139 00:09:21,679 --> 00:09:25,840 Speaker 1: do a full and deep review of these vaccine products. 140 00:09:25,880 --> 00:09:28,280 Speaker 1: And that will do so transparently and let the public 141 00:09:28,360 --> 00:09:32,600 Speaker 1: see the data. You've also seen some reports out there 142 00:09:32,640 --> 00:09:35,960 Speaker 1: of top government scientists saying they wouldn't participate in a 143 00:09:36,080 --> 00:09:39,400 Speaker 1: process that they thought the scientifically compromised. You know, the 144 00:09:39,480 --> 00:09:43,160 Speaker 1: FDA is attempting to guard its reputation here quite carefully, 145 00:09:43,360 --> 00:09:46,800 Speaker 1: and that's become harder and harder when you know the 146 00:09:46,880 --> 00:09:49,880 Speaker 1: vaccine has gotten wrapped up in a political environment where 147 00:09:49,920 --> 00:09:54,679 Speaker 1: the president's re election depends quite heavily on the administration's 148 00:09:54,720 --> 00:09:57,600 Speaker 1: response to this virus. So they're doing their best to 149 00:09:58,080 --> 00:10:02,320 Speaker 1: emphasize that independence, try to kind of shield the agency 150 00:10:02,520 --> 00:10:06,319 Speaker 1: from real or perceived pressures. Because the public confidence in 151 00:10:06,320 --> 00:10:09,840 Speaker 1: the agency is um it has its own significant importance, 152 00:10:10,440 --> 00:10:14,600 Speaker 1: along as well as the scientific integrity of the agency. Now, 153 00:10:14,640 --> 00:10:19,599 Speaker 1: looking at this highly politicized landscape of the development and 154 00:10:19,720 --> 00:10:24,640 Speaker 1: approval process of COVID nineteen treatments and therapies, what have 155 00:10:24,760 --> 00:10:28,640 Speaker 1: been some of the say, political tools that have been 156 00:10:28,760 --> 00:10:34,640 Speaker 1: deployed to perhaps either fast track or expedite the availability 157 00:10:34,679 --> 00:10:39,520 Speaker 1: of these UM treatments for for COVID nineteen. Right, So, 158 00:10:39,760 --> 00:10:41,760 Speaker 1: when we think about the tools that have been deployed, 159 00:10:41,920 --> 00:10:44,560 Speaker 1: I would I would emphasize that, you know, they're less 160 00:10:44,600 --> 00:10:48,959 Speaker 1: political tools and more policy tools. Um, the Operation Warp 161 00:10:49,000 --> 00:10:53,120 Speaker 1: Speed program that the Trump administration has set up is 162 00:10:53,440 --> 00:10:58,680 Speaker 1: essentially a way of artificially stimulating demand for a vaccine 163 00:10:59,240 --> 00:11:03,000 Speaker 1: by striking billions of dollars worth of deals with pharmaceutical 164 00:11:03,040 --> 00:11:04,880 Speaker 1: companies to say, we are going to pay for the 165 00:11:04,920 --> 00:11:07,680 Speaker 1: manufacturing these, We're gonna help fund the development they use, 166 00:11:07,720 --> 00:11:10,600 Speaker 1: and to allow them to kind of produce or attempt 167 00:11:10,720 --> 00:11:15,400 Speaker 1: to chase multiple, multiple different vaccine targets all at once. 168 00:11:15,679 --> 00:11:18,080 Speaker 1: That's kind of the strongest policy tool that I think 169 00:11:18,080 --> 00:11:20,839 Speaker 1: we've seen applied here, which is, you know, part of 170 00:11:20,840 --> 00:11:22,440 Speaker 1: the role of government. I mean, you want the government 171 00:11:22,480 --> 00:11:25,160 Speaker 1: to kind of come in and provide incentives and do 172 00:11:25,240 --> 00:11:29,720 Speaker 1: things that private industry might not necessarily do on its own. 173 00:11:29,800 --> 00:11:33,640 Speaker 1: And in this case, it's saying, let's have everybody chase 174 00:11:33,679 --> 00:11:37,199 Speaker 1: after the exact same thing all at once, even if 175 00:11:37,240 --> 00:11:39,240 Speaker 1: we know there's going to be a great deal of failure, 176 00:11:39,400 --> 00:11:41,440 Speaker 1: maybe only one of you is going to win. You 177 00:11:41,480 --> 00:11:45,600 Speaker 1: want to reduce the risk for the pharmaceutical industry, so 178 00:11:45,640 --> 00:11:48,040 Speaker 1: you get lots and lots of chances to do that. 179 00:11:48,040 --> 00:11:52,800 Speaker 1: That's almost certainly the strongest policy option that the government has. 180 00:11:53,080 --> 00:11:56,640 Speaker 1: At the same time, we will also soon need to 181 00:11:56,679 --> 00:11:59,920 Speaker 1: see the government take steps to encourage people to get 182 00:12:00,040 --> 00:12:03,600 Speaker 1: these vaccines. Um. I think that because of the political 183 00:12:03,679 --> 00:12:07,480 Speaker 1: environment we're in where we have a presidential election coming 184 00:12:07,559 --> 00:12:11,760 Speaker 1: up in less than two months, the vaccine itself, the 185 00:12:11,800 --> 00:12:15,520 Speaker 1: development of the vaccine, access to the vaccine, people's willingness 186 00:12:15,559 --> 00:12:18,679 Speaker 1: to take a vaccine, has really been wrapped up in 187 00:12:18,720 --> 00:12:23,480 Speaker 1: the political process, and that presents some not insignificant challenges, 188 00:12:23,840 --> 00:12:26,479 Speaker 1: not just to developing this, not just getting it approved, 189 00:12:27,120 --> 00:12:29,000 Speaker 1: as we've talked about with some of the pushback from 190 00:12:29,000 --> 00:12:31,560 Speaker 1: the pharma companies and trying to protect the FDA, but 191 00:12:31,600 --> 00:12:34,360 Speaker 1: then also in terms of getting people to then take it, 192 00:12:34,400 --> 00:12:37,320 Speaker 1: which is the most important thing once you have a vaccine. 193 00:12:37,400 --> 00:12:41,400 Speaker 1: Vaccines are important not just because they protect individuals, but 194 00:12:41,600 --> 00:12:44,360 Speaker 1: because they protect society. And if you don't have lots 195 00:12:44,360 --> 00:12:48,360 Speaker 1: and lots of uptake to protect broad parts of society, 196 00:12:48,440 --> 00:12:52,199 Speaker 1: you won't be able to solve this problem. So looking ahead, 197 00:12:52,400 --> 00:12:56,800 Speaker 1: is there a broader risk or danger here, and that 198 00:12:56,840 --> 00:12:59,400 Speaker 1: we might be in a situation in which we have 199 00:12:59,600 --> 00:13:04,320 Speaker 1: and of available and approved vaccine, but one that the 200 00:13:04,400 --> 00:13:08,720 Speaker 1: public doesn't trust I think that's a real concern if 201 00:13:08,760 --> 00:13:10,840 Speaker 1: you look at some of the polling data out there. 202 00:13:11,880 --> 00:13:15,880 Speaker 1: One poll from early August by the Gallup Organization UM 203 00:13:15,920 --> 00:13:18,199 Speaker 1: suggested that about a third of Americans wouldn't take a 204 00:13:18,280 --> 00:13:22,920 Speaker 1: vaccine when one becomes available. Another more recent poll showed 205 00:13:22,960 --> 00:13:27,080 Speaker 1: that a large majority of Republicans and Democrats but that 206 00:13:27,120 --> 00:13:31,679 Speaker 1: a vaccine approval process was going to be politicized. And 207 00:13:31,920 --> 00:13:34,120 Speaker 1: I think that as we get closer to an election, 208 00:13:34,280 --> 00:13:38,600 Speaker 1: with so much hinging on a vaccine um and it 209 00:13:38,679 --> 00:13:42,560 Speaker 1: being such a priority for this president and UH and 210 00:13:42,600 --> 00:13:45,960 Speaker 1: the Democrats making it an issue as well, we are 211 00:13:46,000 --> 00:13:50,400 Speaker 1: going to see some of those concerns increase more and more. 212 00:13:50,559 --> 00:13:53,360 Speaker 1: The noise around this is going to get louder and louder, 213 00:13:53,880 --> 00:13:56,240 Speaker 1: and I think if we're not careful, we could see 214 00:13:56,480 --> 00:14:00,080 Speaker 1: permanent damage done to trust of vaccines and drug in 215 00:14:00,160 --> 00:14:10,080 Speaker 1: this country. That was Drew Armstrong and that's it for 216 00:14:10,120 --> 00:14:12,840 Speaker 1: our show today. For coverage of the outbreak from one 217 00:14:13,240 --> 00:14:16,960 Speaker 1: and twenty bureaus around the world, visit Bloomberg dot com 218 00:14:17,000 --> 00:14:21,760 Speaker 1: slash coronavirus and if you like the show, please leave 219 00:14:21,800 --> 00:14:24,840 Speaker 1: us a review and a rating. On Apple Podcasts or 220 00:14:24,880 --> 00:14:28,680 Speaker 1: Spotify it's the best way to help more listeners find 221 00:14:28,720 --> 00:14:33,000 Speaker 1: our global reporting. The Prognosis Daily edition is produced by 222 00:14:33,360 --> 00:14:39,040 Speaker 1: top foreheads Jordan gas Pure, Magnus Henrickson, and me Laura Carlson. 223 00:14:39,720 --> 00:14:44,360 Speaker 1: Today's main story was reported by Drew Armstrong. Original music 224 00:14:44,440 --> 00:14:49,000 Speaker 1: by Leo cedri Our. Editors are Rick Shine and Francesca Levi. 225 00:14:49,640 --> 00:14:54,320 Speaker 1: Francesca Levi is Bloomberg's head of podcasts. Thanks for listening, 226 00:15:15,520 --> 00:15:15,560 Speaker 1: l