FT News Briefing EU vaccine shortage, Reddit traders challenge establishment, North Korea defector
Jan 29, 2021
The EU is grappling with a COVID-19 vaccine crisis as supply shortages halt inoculation efforts in several regions. Meanwhile, amateur traders on platforms like Reddit are turning the stock market upside down, challenging the financial elite and reshaping traditional trading dynamics. Additionally, a North Korean defector sheds light on how international sanctions are straining Kim Jong Un's regime and affecting diplomats. These developments create a fascinating narrative of resilience, disruption, and geopolitical tension.
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EU Vaccine Shortage Crisis
- The EU's COVID-19 vaccine rollout faces a crisis due to dose shortages.
- Frustration mounts with AstraZeneca for underdelivering promised doses.
Global Vaccine Inequity
- Rich nations struggle for limited vaccine supplies, highlighting global inequity.
- Ensuring equitable vaccine access for poorer countries is crucial for pandemic resolution.
Reddit Traders vs. Hedge Funds
- Reddit traders, coordinating on social media, challenged established investors.
- One hedge fund lost billions betting against GameStop's stock price.