E Virus Nationalism

Another day, another attempt to resume my blogs, after a technical error caused the site to go down Tuesday. I tried to get hold of my local techie but there were so many other site issues that he will not be able to visit until late today. I think I have got the clunker, my old desktop computer, back in clover while the laptops are out of commission. There is a terrible irony in the way the web works now.

While the world looked on the crackdown in Myanmar with horror, a Japanese state-financed hotel paid dividends to a major owner, the military junta of former Burma.

Poor Germany was unable to find a local president for market regulator Bafra, heavily compromised by recent scandals. It hired the Briton Mark Branson who used to run the Swiss one.

Boris Johnson, British Prime Minister, today claimed that its Covid-19 successes in inoculation of its population were the result of “greed and capitalism”. This is a backdoor criticism of the European Union Britain is no longer part of.

Business newspaper article

image source

There is a lot more news on the virus. India has found a new “double mutation” in the state of Maharashtra. In part because of this, it is stopping exports from the Serum Institute of India of vaccines going to other countries. Virus nationalism is on the rise also in Europe where newly discovered surplus jabs found in Italy are going to be kept from foreigners and given to Belgians. Now for our company news, starting with the virus and pharma stocks:

Pharma

*The share in focus both in India and in Italy is from Astra Zeneca and Oxford University. It had licensed Serum Institute of India to make its jab now being kept in India. The 29 mn Italian inoculations just found were from AZN, so nationalism will keep the jabs in the shortage hit European Union, Belgium.

AZN is being hauled over the coals for using out-of-date data to get permissions for sales in the US. AZN was rated “sell” yesterday by Goldman Sachs and US legal eagles seek big shareholders in US-listed GSK to sue the UK firm. The share was down 1.13% today but now is off 0.6%.

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