WHO cautions against remdesivir, wildfires and wine, Venezuelan oil as a stranded asset
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 20 November 2020
⏱️ 12 minutes
🧾️ Download transcript
Summary
The World Health Organization has recommended that doctors do not prescribe Gilead's remdesivir to patients in hospital with coronavirus, US Treasury secretary Steven Mnuchin has decided against extending several of the Federal Reserve’s emergency lending facilities, and online wine retailer, Naked Wines, has said that worsening wildfires are becoming a challenge for the industry. Plus, the FT’s Michael Stott explains why Venezuelan oil could become the world’s biggest stranded asset.
WHO recommends against prescribing remdesivir to Covid patients
ft.com/content/cc8d2fc7-f7e9-441e-a33c-94b8f82ce110?
US Treasury says no to extending some of Fed’s crisis-fighting tool
https://www.ft.com/content/e4b3a063-db44-4e6c-b998-74a29d70b136?
Wildfires pose threat to industry, warns Naked Wines
https://www.ft.com/content/55daaf65-b233-47b8-b24a-b38b1b93f0f0
Venezuelan oil could become world’s biggest stranded asset, say experts
https://www.ft.com/content/cafbd3c7-2434-4f23-8da8-1f7052efdc8e
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Transcript
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| 0:00.0 | Good morning from the Financial Times. |
| 0:02.0 | Today is Friday, November 20th. |
| 0:04.0 | And this is your F.T. news briefing. |
| 0:08.0 | The World Health Organization tells doctors to stop prescribing |
| 0:12.0 | an important treatment used to fight |
| 0:13.7 | coronavirus. A rare tug of war is going on between the US Treasury Department |
| 0:17.9 | and the Federal Reserve and wildfires are having an unusual effect on a |
| 0:22.1 | favorite adult beverage. |
| 0:24.0 | Plus, Venezuela has depended on its oil to keep its economy afloat for decades. |
| 0:29.0 | But now, experts are saying it could become the world's biggest stranded asset. |
| 0:33.5 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:40.7 | For a while, Remdesevir was the go-to treatment when it came to handling coronavirus. |
| 0:45.0 | Even President Donald Trump took it when he had the virus back in October. |
| 0:49.0 | But yesterday, the World Health Organization came out with a recommendation against the drug produced by Gilead Sciences. |
| 0:55.8 | Doctors should stop prescribing it to hospitalize COVID-19 patients. |
| 1:00.4 | With me now is the F.T.'s Donato-P Apollo Manchini. He covers the coronavirus. |
| 1:04.0 | Hey, Mark, thanks for having me. |
| 1:07.0 | So Denato, why did the WHO come out with this recommendation? |
| 1:11.0 | So the WTO had a landmark study last month that looked at |
| 1:15.4 | Rondesivore and a bunch of other drugs and what it found is that Rondesavir |
| 1:18.5 | does not have any effect on patients in hospital whatsoever. It doesn't affect the time they spend in hospital |
| 1:26.8 | and it doesn't affect their need for ventilation. The WHO threw an independent |
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