A handful of wealthy nations have had a change of heart about Covid-19 vaccine patents.

“It’s a belated but powerful step intended to boost vaccine campaigns in developing countries as new virus hotspots flare up,” writes @LionelALaurent trib.al/JwwJY3R
As big as it is, it’s only a start.

Even assuming WTO patent obligations are waived with the support of the U.S. and Europe — which isn’t a sure thing yet — it’s unlikely to be enough on its own to break the world out of this pandemic trib.al/JwwJY3R
Pushing the pharmaceutical industry to share manufacturing know-how is the real goal.

"It's not really the recipe that's the problem at this point, it's getting the expertise to manufacturers in developing countries that's important," says @mihirssharma trib.al/JwwJY3R
Vaccine campaigns are glaringly unequal right now.

The wealthiest 27 places in the world account for 10.5% of the population, but 35.6% of vaccinations. In India, barely 2% of its population is fully vaccinated bloomberg.com/opinion/articl…
Twelve billion vaccine doses could be produced this year, if all current projections are aggregated. But we’re nowhere close to that in actuality.

And the doses that are available have largely been gobbled up by rich countries bloomberg.com/opinion/articl…
While worthy initiatives exist to get doses to the developing world, they’re not nearly enough on their own.

Other mutations will emerge if the pandemic isn’t brought under control bloomberg.com/opinion/articl…
Will waiving an obligation to follow WTO rules on patents rebalance this?

Unlike in the AIDS crisis, when South Africa fought for affordable access to life-saving drugs, today’s biggest challenge is manufacturing enough vaccines for billions of people trib.al/JwwJY3R
With patients in India dying in the streets and crematoriums melting down from overuse, the U.S. and other rich nations are backing efforts to waive vaccine patents.

But IP waivers, by themselves, won’t get the job done bloomberg.com/opinion/articl…
There are many obstacles, not all of them patent related:

💉Raw materials and supplies
💉Complexity of m-RNA vaccines
💉Logistical issues
💉Scaling up production

Without more know-how on how to make vaccines, waiving patents won't be a game-changer trib.al/JwwJY3R
Having access to the “recipe” certainly helps, but understanding how to put it together and produce it at scale is something else.

The hope is that the more strident tone on patents from Biden and Macron will hold the industry’s feet to the fire trib.al/JwwJY3R
Given the billions in public money plowed into researching, developing and manufacturing vaccines, governments have leverage.

Waiving the WTO rules is certainly a better look than hoarding doses. For now, though, it’s a symbolic victory trib.al/JwwJY3R
"What's happening in India right now can happen anywhere that's not vaccinated," says @mihirssharma.

It should be a wake-up call: Countries that don't have great health care need to put protocols in place to make sure that if a spike comes, they're ready twitter.com/i/broadcasts/1…

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More from @bopinion

7 May
Fifteen years ago, population growth was one of America’s core advantages because it had a high fertility rate close to the replacement rate of 2.1 children per woman.

Add copious immigration on top of that, and our demographic future seemed assured trib.al/G8gA0SY
Projections had the U.S. increasing its size relative to its main potential rival, China, over the course of the century. The country’s youthfulness implied a bright future for its:

💰Economy
📊Asset markets
⚕️Solvency of its pension & health care systems
trib.al/G8gA0SY Image
This vision of demographic dominance has since gone up in smoke.

The 2020 Census indicates that the population is growing more slowly than at any time since WWII. It's not shrinking yet, but if we don’t correct course, we are certain to stagnate in size trib.al/G8gA0SY Image
Read 14 tweets
4 May
There may not be a single national vaccine passport in the U.S. — but states and the private sector are developing a number of certification apps.

Regardless of what they are called, vaccine passports are inevitable bloomberg.com/opinion/articl…
Vaccine passports are the subject of debate:

➡️Right-wing pundits and politicians say they are a threat to personal liberty
➡️Many liberals worry they will exacerbate “pandemic inequality” because the vaccination rate among the poor is low
trib.al/bswBLhX A picture taken on March 3,...
New York’s Excelsior Pass is the first government-issued proof of vaccination in the U.S.

But it won’t be the last — at least 17 more are in the works in the country alone trib.al/bswBLhX This illustration photo tak...
Read 10 tweets
22 Apr
Brazil’s president, Jair Bolsonaro, has not been pro-climate. He:

➡️Threatened to quit the Paris Agreement
➡️Courted miners and loggers
➡️Blew off international climate donors from Norway and Germany

Until now
trib.al/CJCJjm6
Brazil appears to be going through an existential reset on climate change:

🤝Logger-friendly Environment Minister Ricardo Salles is making nice with U.S. climate envoy John Kerry
✉️Bolsonaro wrote a letter to Biden, extolling Brazil’s green credentials trib.al/CJCJjm6
Brazil can bring plenty to the table on sustainable development:

🌾High-tech agriculture that reduces soil erosion and keeps carbon in the ground
🌊Hydropower lights up most homes and industry
🔥Clean-burning ethanol distilled from sugarcane
trib.al/CJCJjm6
Read 11 tweets
21 Apr
If the price of Bitcoin were to reach $200,000, half of the world’s billionaires would be crypto billionaires.

This crypto wealth has vast potential to reshape philanthropy trib.al/mTXkYLW
Bitcoin itself is a weird, stand-alone project.

In part because of this, we should expect a relative decline in the influence of longstanding nonprofit institutions — and more weird, stand-alone projects trib.al/mTXkYLW
The Bitcoin ecosystem has been self-sustaining since the beginning, and so it should hardly come as a surprise that Bitcoin billionaires take Bitcoin itself as a model for future institutions, including in philanthropy trib.al/mTXkYLW
Read 15 tweets
19 Apr
Covid-19 is going to kill more people in 2021 than it did last year. To see why, look at what’s happening in India, writes @davidfickling trib.al/PJggyHX
Cases have been surging in India.

On Sunday alone, 261,500 new infections were recorded. That’s as bad as the U.S. during all but the worst five days of the pandemic in December and early January trib.al/PJggyHX
The B.1.617 variant, which isn’t well understood yet, has features associated with higher infection rates and lower antibody resistance.

It's turning up in more than half of viral samples taken in India trib.al/PJggyHX
Read 9 tweets
19 Apr
Normally, your 20s and 30s are prime years for forming households and buying first homes. For millennials, that hasn’t exactly been the case so far.

There are signs that that’s about to change trib.al/SKzQpps
Millennials’ consumer behaviour has been the phenomenon that launched a million takes.

Early arguments that they had fundamentally different priorities and values eventually gave way to an acknowledgement that no, they were mainly just broke trib.al/SKzQpps
So, what’s going on with U.S. households in 2020?

📉One Census Bureau survey says 2020 was the first year on record in which the number of households declined
📈Another Census Bureau survey says 2020 saw the second-biggest increase on record

🤔 trib.al/SKzQpps
Read 14 tweets

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