Evening Edition: The United States Backs Suspension Of Vaccine Intellectual Property Rights, Surprising Allies

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.4 • 1.7K Ratings

🗓️ 7 May 2021

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

The White House has announced they support suspending the intellectual property rights on COVID-19 vaccine in order to increase vaccine production. This has surprised European Allies including Germany that have said they wouldn't like to cross that line. Other opponents say it won't help because ramping up production of vaccines is not based solely on the recipe but the raw materials available and the production facility capabilities. FOX's Trey Yingst speaks with Craig Singleton, of the Foundation for Defense of Democracies, about the announcement and what it may mean to vaccine production and the companies that developed their own. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:29.9	I'm Greg Jera.
0:31.2	I'm Shannon Breen. I'm Steve Doosey and this is the Fox News
0:34.8	rundown. Friday, May 7th, 2021. I'm Trey Yanks. The Biden administration said this week it supports suspending intellectual property rights on COVID-19 vaccines.
0:49.4	In other words, should that recipe be sold to other companies around the world at no cost, really,
0:57.0	to develop their own stockpiles of vaccines.
1:00.0	And until this week, there appeared more or less to be consensus between the United States and Europe about holding the line.
1:08.0	This is the Fox News rundown, Evening Edition. evening edition. The news that President Biden supports intellectual property rights being suspended on
1:19.7	COVID-19 vaccines drew criticism from some US allies, including Germany.
1:24.9	The Biden administration sees the move as part of an effort to make vaccine availability
1:29.2	more widespread and less political, though critics worried the decision plays into the hands of China.
1:35.0	Intellectual property rights have long been a lasting dispute between Washington and Beijing.
1:40.0	Right now, obviously there's an immense push by developed countries like the United States
1:45.5	and part of the EU, the European Union, to get as many vaccines as possible to developing countries
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