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https://www.theguardian.com/world/2021/may/08/us-must-export-doses-before-waiving-covid-vaccine-patents-say-eu-leaders

"US must export vaccine doses before waiving patents, say EU leaders
Frustration expressed at what several leaders see as US attempt to claim moral high ground"

Biden tried to make America look Ike the good guy but has just highlighted it's selfishness.

https://blogs.sciencemag.org/pipeline/archives/2021/05/06/waiving-ip

"...This is why many comments on this decision have called it as much of a public relations move as anything else. I can see the point. It is indeed a big step for a US administration to call for something like this, because the US (with a large proportion of the R&D-driven industry in the world) has traditionally been very hard-line on patent protection. But calling for it is not the same as delivering it (for various definitions of “it” and various values assigned to them!) For now, the US government has agreed to start to think about how to negotiate the issue, with details to follow at an undetermined later point."

Great article IMO, definitely worth a read.

Out not our*

But significant that Angela Merkel, Emanuel Macron and now the European Commission President are all saying basically it's a stupid idea.

Good news for us Scancell holders IMO.

Sounds like this is starting to backfire on Biden a little.

"The European Commission called on Friday on the United States and other major COVID-19 vaccine producers to export what they make as the European Union does, rather than talk about waiving intellectual property rights to the shots."

https://www.reuters.com/business/healthcare-pharmaceuticals/eu-calls-us-others-exports-their-vaccines-2021-05-07/

Instead of trying to waive patents maybe start actually shipping your own vaccines our Mr President.

https://www.reuters.com/world/europe/eu-split-vaccine-waiver-idea-unlikely-take-clear-stance-2021-05-07/
"Five European Union countries distanced themselves on Friday from the idea of waiving patent rights on coronavirus vaccines, saying the key to ending the COVID-19 pandemic was making more vaccines quickly.

https://www.fnlondon.com/articles/pharma-investors-scoff-at-covid-vaccine-patent-waiver-we-are-not-convinced-20210507

I'm starting to wonder (and maybe someone mentioned this already) but is this a big scare tactic to get the big pharma/big pharma countries to get a move on distributing around the world quicker than they are? It's certainly caused them to focus more.

Also USA and the UK havent exprted any of the vaccines they've produced on their own shores?? Only the EU have?
If so, Biden's actions are incredibly rich coming from him/the USA.

Macron:
https://www.independent.co.uk/news/eu-says-patent-waiver-idea-misses-point-of-vaccine-shortage-europe-emmanuel-macron-joe-biden-porto-portugal-b1843952.html

Why do i get the feeling he did an about turn on this?

Looking more and more like an ill thought out idea by Biden and his advisors. However I think it was a win-win for him, maybe he and his advisors knew there would be too much resistance to the idea anyway, but Biden can say "hey, I tried but greedy pharma and Germany says no" which makes him look good. And modern politics is all about posturing/trying to look good in the eyes of the electorate, sadly.

Isn't the actual meeting between the nations about this tonight?

https://www.bloomberg.com/news/articles/2021-05-07/spain-backs-ip-waivers-for-vaccines-ahead-of-eu-leaders-summit?srnd=premium-europe

... showing as a sell if anyone is interested to know.

Roses just FYI, as before I can sell 100k to 200k, possibly more.

Up 8.44%, flying out of the blocks it seems. Guess the BioNtech investors knows what's up.

Isn't there something about air recirculation on planes that makes this even transmission of air borne viruses even worse?

https://finance.yahoo.com/quote/BNTX?p=BNTX&.tsrc=fin-srch

I think it recovered a lot of yesterday's opening losses by the close of play (?), but not only that it's showing +5% up in the premarket today. Promising for the sector perhaps.

But yes some odd goings on's again...don't we get this type of thing if there is a big buy or sell happening in the background? Guess we'll find out close of play or early next week?

Just double-checked, definitely the sell button. Might be your broker having issues?
Can anyone else try?

You can sell, in larger quantities!

Got a quote for 20.20 for 100k, can even get a sell quote for 200k.

Think this is similar to when you can't buy, it seems to be certain block sizes, i.e. between 100 to 10,000. Not got time to work out the exact range so have a play and find out if you can.

https://www.theguardian.com/world/2021/may/06/new-concerns-indian-covid-variant-clusters-found-across-england-ongoing-risk-high

Who'd have thought it!?
Yet another border/travel failure by UK gov.

(Rest of the article in case you've hit your bloomberg article limit. Seems Merkels comments are what caused a rebound in BionTechs & CureVacs SP? Plus importnat point about those newly highly valuable mRNA patents and China...seriously, why would BionTech/Germany give them up!?)

"...Pharmaceutical stocks that had sunk on the news of the U.S. proposal rebounded on Merkel’s stance. Moderna Inc. was down 2.1% after falling as low as 12% earlier. CureVac NV fell 5.4%, an improvement from its earlier 13% decline."

"The U.S., Germany and other countries will take up debate over the idea in the coming weeks via the World Trade Organization, pitting the idea of sharing proprietary know-how against the need to boost global supplies, especially in developing countries that have struggled to get their populations inoculated."

"Officials and diplomats in Brussels cautioned that such discussions will take months and will likely result in partial waivers only, as there’s little chance the EU and the U.S. will agree to cede intellectual property for the revolution of its mRNA technology with China. In any case, most poor countries in the world have neither the capacity nor the expertise to produce such advanced treatments. A more immediate solution to the problem, the officials said, would be for the U.S., the U.K and others to follow the EU’s lead and lift their effective restrictions on vaccine exports to those who need it."

https://www.bloomberg.com/news/articles/2021-05-06/merkel-pushes-back-on-vaccine-patent-waiver-in-clash-with-biden?srnd=premium-europe

"German Chancellor Angela Merkel weighed in against a U.S. proposal to waive patent protections for Covid-19 vaccines, casting doubt on whether the idea has enough international support to become a reality.

The U.S. plan would create “severe complications” for the production of vaccines, a German government spokeswoman said Thursday in an email. Without the incentive of profits from research and development spending, drugmakers might not move as aggressively to make vaccines in the future, the industry has argued."

Perfectly put IMO.

...appears to be recovering from the market open price. As mentioned previously, investors over reacting and not understanding initially?
(A little disappointed as it went above my buy order price lol)