Moderna CEO Racing for a Vaccine; Harlem Children’s Zone’s National Covid Relief

Squawk Pod

CNBC

Investing, Business News, News, Business

4.2 • 543 Ratings

🗓️ 27 July 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

As coronavirus cases spike in hot spots across the country, biopharmaceutical companies race to find a vaccine. Moderna Therapeutics has secured an additional $472 million in government funding to develop its own vaccine candidate, which begins phase 3 human trials today. Moderna CEO Stéphane Bancel discusses the vaccine development and addresses concerns about his executive team’s lucrative and unscheduled stock sales over the past six months. The Harlem Children’s Zone is going national with its efforts to provide communities with holistic Covid-19 relief. President Geoffrey Canada and CEO Kwame Owusu-Kesse discuss the disproportionate effect the pandemic has had on Black communities, and share their approach to scaling relief efforts from NYC to six other cities across the US.

Transcript

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0:00.0	This is Squawk Pod. I'm C. NBC producer Katie Kramer today on our podcast.
0:07.0	Moderna begins phase three COVID vaccine trials amid questions about the company's executive stock sales.
0:12.9	CEO Stephan Bonsel pushes forward in the race for a vaccine
0:17.0	and addresses Wall Street's concerns.
0:19.1	If you look at a big picture, I have so less than 1% of my holdings in the company since the company went public.
0:25.0	And while COVID-19 continues to surge across the US communities of color are
0:30.7	disproportionately affected in terms of health, education, and finances.
0:35.3	The Harlem Children's Zone is scaling its model for relief from New York to six other major cities.
0:40.6	We believe we have the answers, so for those that are asking the question, what can we do again?
0:45.0	It is about targeting neighborhoods with comprehensive services.
0:48.0	Those stories plus a few of Joe's baseball bets from the weekend.
0:52.0	It's Monday, July 27th, 2020 Squackpad begins right now.
0:58.0	Good morning. Welcome to Squackbox right here on C.M. Andrew Us.
1:01.0	Working along with Joee kernan and
1:02.8	ballis a day off and i think we're gonna see her hopefully later this week
1:09.5	and are you hung over and uh... oh for my tequila you know what i actually you know what I actually you know what I actually you know what I don't
1:15.3	if we took a we have might have a video of it I don't know if I can get it to
1:18.8	everybody I'm not hung over but I did get to enjoy that that tequila and apparently it's a famous
1:26.8	brand and now I'm escaping what the brand is but there's lots of people who seem to
1:32.2	I actually had a conversation with Penelphi about it But there's lots of people who seem to.
1:32.6	I actually had a conversation with Penelphia about it.
1:35.3	And we both said, there's no way you bought that.
	...

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