Moderna vaccine trial pleases investors, EBITDAC backlash, Huawei sanctions
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 May 2020
⏱️ 11 minutes
🧾️ Download transcript
Summary
Positive results from the first US Covid-19 trial raised investors’ hopes of an economic rebound, Chinese self-driving car start-ups have been accelerating pilot projects as US rivals sit idle, and bond investors have hit out at the growing trend of companies reporting “earnings before coronavirus”. Plus, the FT’s Kiran Stacey explains what the latest US sanctions against Huawei mean for the Chinese telecoms company’s survival.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, May 19th. This is your F.T. news briefing. |
| 0:07.0 | A new potential coronavirus vaccine has given investors high hopes for an economic rebound. |
| 0:14.0 | Self-driving car projects are ramping up in China, |
| 0:18.0 | and bond investors are warning companies not to get any ideas when it comes to EBITAC. |
| 0:23.4 | Plus the F.T.'s curin' Stacy explains what the latest US sanctions |
| 0:27.1 | against Huawei mean for the survival of the Chinese telecoms |
| 0:30.5 | company. |
| 0:31.6 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:40.5 | Global stock markets started the week on an optimistic note. |
| 0:45.0 | Investors have been looking for signs of growth after several months in lockdown, and there were |
| 0:49.0 | a few things to give investors hope. |
| 0:52.0 | First, the gradual easing of lockdowns in Europe and early signs of a |
| 0:55.7 | shallower than expected recession in Germany. Then comments from Federal Reserve Chair |
| 1:00.9 | J. Powell on Sunday night saying that the Central Bank still has |
| 1:04.3 | firepower to support the U.S. economy. |
| 1:07.1 | Plus Boston-based biotech company Moderna said its potential coronavirus vaccine has delivered positive results. |
| 1:14.4 | Moderna shares closed 20% higher at $80 a piece on Monday, |
| 1:19.0 | but is the potential vaccine the real deal? |
| 1:21.7 | The FTS Hannah Cushler, has more. |
| 1:24.0 | So investors were really pleased with these results, which are the first that we've seen from |
| 1:28.4 | US COVID-19 vaccine trial, because they showed that the participants who had had the vaccine |
| 1:35.0 | had the same kind of antibody reaction to the virus as patients who actually |
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