4.4 • 4.9K Ratings
🗓️ 26 May 2020
⏱️ 21 minutes
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The pandemic has caused a shift in how drug firms are viewed: their capacity for big-money innovation will give them immunity in the crisis. Widespread homeworking will have broad consequences, from commercial-property values to urban demographics. And a seemingly innocuous Hong Kong history exam is a window into the territory’s increasingly fraught politics.
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0:00.0 | Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer. |
0:10.2 | Every weekday we provide a fresh perspective on the events shaping your world. |
0:18.2 | What seems like a long time ago, the phrase working from home, suggested an easy day. |
0:24.0 | Now hundreds of millions of people know better. We look at the possible long-term impacts |
0:29.3 | for workers, for commercial property, maybe even for the makeup of cities. |
0:34.7 | And in Hong Kong, a straightforward history exam question has ignited an almighty fight. |
0:40.8 | As tensions imposed by Beijing rise, even high school essays can be seen as political acts, |
0:46.8 | and many of the kids aren't all right with it. |
0:56.1 | But first… |
0:59.5 | It wasn't so long ago that America's Republicans and Democrats found a rare area of agreement. |
1:06.8 | Drug prices were too high, and big pharmaceutical companies were to blame. |
1:11.2 | One of my greatest priorities is to reduce the price of prescription drugs. |
1:20.3 | It comes to prescription drugs. We're going to throw the book at the pharmaceutical companies in a huge repoll. |
1:26.4 | But the pandemic has led to a shift. |
1:31.1 | Yesterday, Novavax, an American biotech firm, said it had started the first human trial of its |
1:36.6 | coronavirus vaccine candidate. A few days after a small vaccine trial by Moderna, |
1:41.4 | another biotech company showed positive results. Last week, AstraZeneca said it had capacity |
1:47.1 | to manufacture a billion doses of a vaccine that's being developed by Oxford University. |
1:52.4 | And the firm has two drug candidates, it's testing that may help treat some of the worst |
1:56.8 | symptoms of COVID-19. As the world anxiously awaits both treatments and an eventual vaccine, |
2:03.2 | the industry's reputation has turned around. |
2:07.0 | Before the crisis, Big Pharma was an industry that had lost its way. |
... |
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