meta_pixel
Tapesearch Logo
Log in
FT News Briefing

Big tech antitrust hearings, Moderna prices vaccine, Fed extends emergency lending

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 29 July 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

Moderna is pitching its coronavirus vaccine at about $50 to $60 per course, the Federal Reserve has announced that it will extend emergency lending facilities, the European Central Bank has called on eurozone banks to continue to freeze dividend payments and Europe is bracing for another surge in coronavirus cases. Plus, the heads of Amazon, Apple, Alphabet and Facebook are set to appear together before Congress for the first time. The FT’s Lauren Fedor will explain what might come out of this hearing.


Big tech goes to Washington 

https://www.ft.com/content/3e26d31f-9cff-4b3b-a971-02e16996c190


Moderna pitches virus vaccine at around $50-$60 per course

https://www.ft.com/content/405c0d07-d15a-4f5b-8a77-3c2fbd5d4c1c


Europe battles to contain surge in Covid-19 cases

ft.com/content/bcddc297-b7f2-444d-908f-54e8ce6f4f98?


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:00.0

Good morning from the Financial Times.

0:01.7

Today is Wednesday, July 29th,

0:04.1

and this is your FT news briefing.

0:08.9

There's a troubling rise in coronavirus cases in Europe, and we might have a price tag from

0:14.6

Moderna's planned vaccine. But first it's Jeff Bezos's first time testifying

0:20.0

before Congress. He'll be next to Mark Zuckerberg, Tim Cook, and Sundar Pachai in a virtual hearing.

0:26.0

I'm Mark Filipino, and here's the news you need to start your day.

0:30.0

The chief executives of four of America's biggest tech companies will appear

0:36.7

together before the US Congress. It's the culmination of 13 months of

0:41.0

antitrust investigation.

0:43.4

Lawmakers will question the heads of Apple, Amazon,

0:46.2

Facebook, and Google about their sheer size.

0:49.7

Given how much of their markets these companies dominate, members of Congress want to know.

0:54.7

Can smaller rivals even compete?

0:57.6

The F.T.'s Washington correspondent Lauren Feedor explains that these kind of hearings don't happen very often.

1:03.6

It's not every day that you see chief executives

1:07.5

from companies like this appearing before Congress.

1:10.9

There is the caveat that because of coronavirus these hearings

1:14.5

will not be taking place in person so you won't get that image of these four

1:19.0

chief execs all sitting in a courtroom like setting at a table together.

1:23.6

They'll be participating virtually.

1:25.7

Part of this probe, there were hearings held last summer,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Forhecz Topher, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Forhecz Topher and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.