FT News Briefing Macron’s FT interview, GameStop hearing, oil rises and US Treasuries tumble
Feb 19, 2021
Emmanuel Macron emphasizes the urgent need for wealthy nations to provide coronavirus vaccines to poorer countries, highlighting the risk of new viral variants. The podcast also delves into the congressional hearing around the GameStop trading frenzy, featuring Robinhood's CEO. Meanwhile, rising bond yields raise alarms about the stock market's stability. Additionally, oil prices are on the rise, with predictions suggesting a potential surge to $100 per barrel as economic recovery gains momentum.
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Global Vaccine Allocation
- Wealthy nations should allocate up to 5% of their vaccine supplies to poorer countries.
- This will prevent the emergence of new virus variants and address global health inequities.
Vaccine Nationalism
- Vaccine nationalism poses a challenge to global vaccination efforts.
- While many agree conceptually, practical implementation faces public resistance due to limited supply.
Robinhood's Role in GameStop Saga
- Congressional hearings focused on Robinhood's actions during the GameStop saga.
- Robinhood CEO Vlad Tenev's apology and admission of restricting trading were key moments.