U.S. To Ship Pfizer Shots Globally

You can also listen to our radio show at two pm Eastern Time on Bloomberg Radio, or watch us on YouTube search Bloomberg Global News. Well. President Biden says donated viser shots will start to ship globally. In August, he announced that the US will begin shipping a half billion donated doses of viser coronavirus vaccines to countries in quote dire need. In August that making good on a promise

to lead the global campaign against the pandemic. Joining US now on this and more is Dr Amish Adalga, Senior scholar and infectious disease physician at the Center for Health Security at the Johns Hopkins Bloomberg School of Public Health. He joins us on the phone from Pittsburgh. Dr Adulge, it is great to have you back on the show. I want to start with this half a billion donated doses of Visor vaccine. It sounds like a lot, and

to be sure, it is a massive number. But given that the the globe needs billions to get past this pandemic, isn't it still just somewhat I don't want to say, a drop in the bucket, but not quite enough. Well, it's it's a step in the right direction, and there are going to be more donations, more purchases of vaccines by the developing world, the Kovacs program, other organizations getting

vaccines into people. But the more the more vaccines, even if it's not enough, the more that are getting into people's arms, the better the global trajectory of the pandemic looks, especially if you're trying to vaccinate healthcare workers, high risk individuals. I think this is a significant a significant donation, and it is something that would be very welcome in those countries.

Availability of vaccine is certainly one thing, but the administration of vaccine, especially of vaccine, that has to be stored in a way that the Visor m R and a vaccine has to be stored is a completely different thing. What do these countries need to be doing ahead of time to make sure that they can actually have a campaign that effectively can administer this vaccine. The first thing they have to do is make sure that they can ensure the coal chain. The visor vaccine has, as you said,

really owner restorage requirements. They have to make sure that they can actually handle that vaccine. Then it's about logistically figuring out where you're going to vaccinate people. Is this going to be a vaccine centers? Are they're going to be Is it going to be a healthcare centers? There are there going to be other places where this vaccine is going to be available. You also have to think do you have enough syringes, do you have enough needles,

do you have the alcohol swabs? Do you have enough personnel to actually administer the shots. All of that planning has to be put into place when you're planning something like this, and that's going to be really important for those countries to to pre to kind of pre position and be ready to go when they get the vaccine. Now,

i'm i'm. We've talked to you a lot in the past here on Bloomberg Radio and on quick Take about variants of concern that have upped around the world, and one narrative that has emerged over the last few months as the US has been vaccinated increasingly but other countries have not, is the idea that we're not on the other side of this pandemic until the entire world is.

And it's not just an economic story, but it's also a story of public health, and the concern worst case scenario was that some sort of variant develops and it goes kind of unchecked in a country that is not completely vaccinated or does not have a high level of vaccine, and that variant then can get past the vaccines that have been approved for emergency use authorization in certain countries.

And I wonder if there's any evidence at this point here we are June tenth, that that could still happen, or that that has happened. There's no evidence in any of what we would call variants of high consequence, ones that are able to cause serious disease and fully vaccinated people have emerged. And it's it's a very hard thing for a virus to do, because it's not just that they have to evade the antibodies generated by the vaccine.

It's also the T cell immunity, and it seems that T sell immunity, which is a whole different arm of your immune system, is very robust and when faced with the variant, even if it can get around the antibodies, the T cells prevent the infection from progressing to serious illness or needing hospitalization. And I think that's almost like a biological fact that it's going to be a very hard constraint for that virus to get around. Yes, it's

biologically plausible, But do I think it's going to happen. No. But I think the other point is is that even from an individual perspective, we have a significant proportion of the US population that is not vaccinated, and those variants are going to be able to uh to infect them. Those variants are going to be able to cause serious disease. Even if hospitals aren't in crisis, there's still an individual

threat to health from COVID nineteen. So that's why we want to get vaccine vaccine rates as high as possible, even when the public health emergency aspect of this pandemic is over in his country. But President Biden has the goal, and he laid out this goal weeks ago to have of American adults have received one shot since the fourth of a live we're just over right now. Do you think we're gonna make it? It's going to be very challenging. It's very difficult to now find people who want to

be vaccinated. We've kind of gone through everybody that wants to be vaccinated. We've made it very convenient. You can get vaccinated in the subway in New York City. You can get vaccinated at strip bars in Las Vegas. You can get vaccinated on the beach. You get free beer, free donuts, you get lottery tickets so you get bonds. In West Virginia, a lot of incentives are there. So

it's becoming hard. I don't know that we're going to actually reach that goal, but to me, I think it's important to strive for it and to continue even if we don't meet that goal fourth of July, to still continue to push forward with vaccines because the more this population and in our country is vaccinated, the more resilient we're going to be, the less disruptive COVID nineteen is going to be, and the quicker we can kind of

put all of this behind us. In addition to those prizes, in some places, you also do get protection from something that a lot of people really don't want. Uh. I wonder, Dr Adulter, just in the last minute we have and then you're gonna come back with us after we do some news. What from a public health perspective messaging perspective, seems to be working to get those people who have

held out in the last thirty seconds. The best The best message is the fact that these vaccines improve your personal Like just as you said that this protects you from a serious infectious disease. It makes you no longer a threat to others, and it makes the virus no longer a threat to you, and it allows you to get your your life back. And I think that's the

best way to message this. And it took some time for the CDC to actually get on board with that message, but that's the true one and that's the correct Yeah. I feel like I'm a superhero. I've said this before, but you know, I feel totally comfortable doing things that for the last fourteen months I was not comfortable doing. Let's get right back to dr Amish Adulga, Senior scholar an infectious disease physician at the Center for Health Security,

I think JOHNS Hopkins, Bloomberg School of Public Health. He joins us on the phone from Pittsburgh. We just heard from your colleague, Dr Jennifer Nuso about how important it is to get those vaccines in arms as soon as possible, Dr Adlga. And one reason that we like to talk to you each and every week and as much as possible, really is that you're out there each week on the front lines still and you have been throughout the pandemic visiting patients, and we've been able to get updates from

you about what it's been like throughout the pandemic. And I wonder now what you're seeing with the coronavirus, but also with other types of viruses that could be flaring up right now. So with coronavirus right now, it's very low and I work clinically in the Pittsburgh area and the hospitals are in good shape, and the people that we are seeing come in with coronavirus are those who

are unvaccinated. It's largely become a disease of the unvaccinated now and it's not something where we see I see you is kind of busting at the seams or very many patients at all. UH. So it's a really good situation we're in with COVID, But what we are starting to see our other respiratory viruses kicked back up. Other coronavirus is not COVID nineteen, but others r s V. The CDC just released a health alert about rs V

increasing in the South. That's a childhood viral illness. So we are seeing some normalcy returning to our to the kind of viral ecology. Whereas people stop social distancing, as people put away their masks for good, for good reasons, because they're fully vaccinated, you're going to start seeing some of our other old, you know, well known pathogens starting to come back, and we have to be prepared for those as well. Remind me, rs V is that something

that kids can get vaccinated against. No. Rs V is not something kids can get vaccinated against. This is something that puts a lot of babies in the hospital, lots of young kids. It's often for older people that might be more of a bronchitis type of UH symptoms, but it's something that kind of plagues children every year. But we're starting to see that kick back up, and and I suspect you're going to start seeing cold people have been going a year without having any colds. Those are

going to start coming back. And I've increasingly seen people who have viruses who have symptoms that you know, six months ago I thought would definitely be COVID, but they're testing negative for COVID because they're likely other viruses now that are just uh way chomping at the bit basically to get back to the work that they do every year. Yeah, it's it's it's interesting. It's not it's not good news by any means, but it is one measure of return

to normalcy, right. Yeah. I don't think it's it's not good news, obviously, we don't. These are disruptive things. People get hospitalized with them, but it's something that you know, in the past, we it was very hard to even see any other viruses, which because COVID was so dominant and dominating the whole viral landscape that I think I took care of one flu influenza patient during this whole uh this pandemic. That's very very rare. So this tells

you that you know, COVID is receiving that. This is a real signal that we're seeing with cases dropping and people getting back to life. And part of getting back to life is dealing with the respiratory viruses that we deal with every year, and eventually COVID is going to be one of those respiratory viruses that we deal with every year. Yeah, that's that's what we do. Keep hearing from experts like yourself, Dr Dlja. You you you mentioned what kids are are you what kids are being infected with?

What you're seeing when you do your rounds. I'm I'm wondering back to coronavirus about how we should be thinking about vaccinating kids, especially those under twelve as we as we do know, there are trials happening in the United States to test the efvocacy and safe d of coronavirus vaccines and kids. Do you expect that that those will get approved for emergency use authorization? I do expect that

they will get approved, likely at a lower dose. What's going on right now is that the clinical clinical trials, there will be data coming from there on both safety and efficacy, and I suspect that the FDA and the

CDC will will recommend that for children. I think, you know, it's important to remember that you have to do trials in different age groups because as you get to those younger age groups, the risk of severe disease from COVID nineteen becomes very very small, and the risk of transmission of COVID nineteen from small children is also low. So there is the benefits of the vaccine are more blunted in a six year old than they are in a sixty year old. So that's why we have to do

special trials. We have to have special discussions about the dosing and all of that. And I think it's going to progress, and I think we'll get there eventually. Uh, the impact is going to be more so on getting children back into activities in a safer manner because mostly because of the adults being kind of fearful of COVID nineteen, rather than actually like a huge epidemiological impact or going to see when we vaccinate below the age of twelve. When do you expect a date that we'll start to

see this? Just in the last ten seconds, I've heard rumors that this likely will be before Thanksgiving. When when we'll see that? Dr Amischadales, Senior scholar, an infectious disease physician at the Center for Health Security the Johns Hopkins Bloomberg School of Public Health. He joins us on the phone from Pittsburgh, the Johns Hopkins Bloomberg School of Public Health that is supported by Michael R. Bloomberg, founder of

Bloomberg LP and Bloomberg Philanthropies. This is Bloomberg Business Week with Carol Messer and Bloomberg Quick Takes Tim Stinovic on Bloomberg Radio. Well. A story in the new issue of Bloomberg Business Week magazine required national correspondent Josh Green to head south to Florida, where he spoke to many of those who have been lured south by sunshine, golf and money. A lot of them the former president's allies and hanger on, and they've formed an alternate universe that revolves around none

other than Mara Lago. Joining me now is Josh Green, National correspondent at Bloomberg Business Week. He joins us on the phone from Washington, d C. All of Joel Webber, editor of Bloomberg Business Week. He's here with me in the Bloomberg Interactive Broker Studio. Joel. There was the question of what the post Trump president post presidency Trump would look like. And it turns out that he's still very much active in a kingmaker. I kind of don't think

anybody saw what's what what what this now looks like coming? Um, And that's why when Josh mentioned that he wanted to do this story, uh, we were like, yes, yes, get on a plane. And he goes, I'm not vaccinated. I can't do it yet. And this was obviously months ago, and we were like, get vaccinated as quickly as you can. He was like, I'm trying. And when he finally got vaccinated, it all worked out and we got him down there. Um, Josh,

tell us about what you found in South Florida. Yeah, well, I mean basically I went down to kind of solve a mystery that a lot of people have wondered about, which was, you know, after after January six, a lot of people wondered, will Trump maintain his grip on the party or will he kind of dwindle into insignificance. A lot of Republicans I talked to you back then, I thought he was just going to kind of go away and be forgotten about. But he hasn't been. And so

I went down to Florida. To kind of investigator his world. What I found was, um, you know, Trump isn't like any typical ex president. He he really lives down in Mori Lago, kind of like I describe him as a foreign monarch cast into exile, because not only is Trump down in more Lago, but a big contingent of the Republican Party, including his own family and kind of ancillary

Fox News figures, have moved down there with him. So it's sort of like, you know, an administration out of tower that has nonetheless managed to tighten its grip on the Republican Party at the time, and many people thought after the riots and the deadly violence on the Capitol that the party might move on from Trump. Yeah, well, I think there's probably no better example of the party not moving on from Trump than the physical moving of people from parts of Florida to other parts of Florida.

You spoke to Eddie Vale, a Democratic strategist, who said, think about how bizarre that is, referring to Ivanka Trump, Sean Hannity, Neil Cavudo, Kevin Carthy, all people who have made their way down to this part of Florida. He said, it's like if Rachel Maddow and the Pod Save America guys all bought condos in Chicago because they wanted to be close to Barack Obama. How does this represent the

future of the of the Republican Party. I mean, I think what it shows symbolically is that Trump is still the center of gravity, and then he isn't going to see the spotlight. I mean. One of the remarkable things about Trump's post presidency that I think we don't really step back and think about is that if you look at the last to one term presidents, you know, Jimmy Carter, George H. W. Bush, they were immediately branded as losers by their own party, which which was eager to move

on from them and did so. And yet Trump, even though lost reelection by seven million votes, has managed to maintain a grip not just on the party, I mean, not just on kind of the institutional party, um, but

on right wing media, on the hearts and minds of activists. UM. You know, all you have to do is look at House Minority Leader Kevin McCarthy, who criticized Trump in the wake of the insurrection, going back uh two weeks later tomorrow Lago to visit and try to raise money and kind of bend the knee to Trump to see that.

You know, Republican politicians they're not going to stand up for him to him, and not only that, if you look at the direction of Republican policy, you know across the country and states across the country, there are new voter restriction laws in the works. All of this is a reflection of Trump's influence continuing influence on the party. Josh, you spoke to, uh, almost everybody I I could think of that you could that you could have quoted in

the story you did. And I'm just wondering, you know, everybody from from Sean Spicer who's down there, like on down who is your most favorite person to speak to? Who gave you your most favorite insight? You know, I I think that the guy I like most and he is a key character with a memorable scene in the piece as a former White House spokesman named Hogan Gidley who was hanging out shirtless pool side at one of

the hot Trump hotels down there. Uh. You know, Hogan had done a swing through there to raise money for a pro Trump group that he started. But he really explained the kind of sociology and taxonomy of the extended Trump universe. And I came away understanding that it isn't just that politicians are afraid of Trump. It's that the entire Republican consulting infrastructure, at least a large part of it,

remains dependent on Trump for their livelihood. They can't go and get jobs at Uber and Amazon like Obama administration officials did. They're they're sort of considered radioactive, I think, especially after January six, and so they've gone out and started conservative groups to push things like voter restrictions. Um, they are very Trumpian and in doing so it kind of created a very real power structure that allows Trump

to maintain his hold over the party. Uh and as I, as I say in the piece, position himself as the front runner in that's what he designs to do. The the line that Gidley gave gave you while uh while drinking what beverage? What beverage was not rush virgin virgin Barry spritzer. It sounds like soda. He wanted to emphasize it was virgin, not alcoholic, because it was like a ten in the morning. Um, So, so let the record show that that Gidley wasn't drinking alcohol. Um, but it's

a very delicious sixteen dollar version, very spriss. But the line I just the or the quote that he gave you was so memorable to me. But you never take your line out of the water while the fish are still biting. And I just like, I got it, I got it when you when you did that so so and it really sums it up. That's that's that's what all the that's what all these Republicans consultants are doing.

They understand that their livelihood still flows from Trump, and so they're they're response accordingly, what is this portend for two? And then well for too? It's clear. You know, when I was down there, I spoke to everybody, from former staffers to big billionaire Trump donors to consultants, and everyone for their own parochial reason is really depending on Trump

to bring out the Republican vote in twenty two. They all want to, They all want Republicans to win back the House of Representatives, which I think is quite likely, but they understand, um, they need Trump to pull out as voters. So they have a kind of an instrumental youth for Trump that I think helps keep them front

and center. The interesting dilemma for them is most of these people I think did not do not want Trump to run in four because they don't think he can win, and they're sort of stuck because nobody really has a convincing story for how they can use him next year. Uh, and then get rid of them before four. Well. It is a fantastic feature. That is any new issue of Bloomberg Business Week magazine. It's also Today's Bloomberg Big Take story. You can read more at Bloomberg dot Com slash of

business Week. That's Josh Green, national correspondent at Bloomberg Business we and Joel Webber, Editor of Bloomberg Business Week, with me in the Bloomberg Interactive Broker Studio. This is Bloomberg Business Week with Carol Masser and Bloomberg Quick Takes Tim Stinovic on Bloomberg Radio. Well, in the fomo economy, everyone is making money, but you, whether you're into memestocks, crypto or real estate, buying seems driven by as much by

anxiety by hope. Even professional investors who know better can't resist getting in on the action. It's the cover story for the international cover of the new issue of Bloomberg Business Week magazine. And you can read it at Bloomberg dot com. Slash of Business Week. Joining me now from Paris is Leonel Laurent, columnist at Bloomberg Opinion. Leonol, it's so great to have you back with us. What is the fomo economy? So essentially, obviously the ingredient is the

third missing out. Yes, psychological belief that we are missing out on something. Everyone's getting work are past from us. But it's becoming to kill it because it is known a little bit just for sure to specific markets by cryptocurrencies.

I mean, there are investors who are flipping homes. If you speak to bankers and executives, they're able to if they have a company, they're able to list it at a huge valuation with my revenue, and that is rippling out as their advisors, who are supposed to be the experts who have studied hard and worked hard to tell people how to run businesses and are completely at a loss as to explain what works, what is the business

model that works, and how do you make money? So the result is that everyone is down to the same tune and it is it's all about the stories that we tell each other. I'm getting rich, How are you getting rich. Let's all trade. So it's a kind of weird contagion that's happening with a lot of different ingredients, and it's sweeping New world economy. Yeah, those ingredients include cryptocurrency,

it's the way you open your piece. It also includes meme stock such as AMC, game Stop, Wendy's GEO group. The list goes on depending on the day, and then also even housing. I mean, reading through this this story, this column, I always thinking to myself, this sounds exactly like conversations that I've been having with my friends over the last few months when they say, Hey, should I buy bitcoin? Should I get in on meme stocks? And

what is going on with the housing market. Of course I can't offer them any advice, and I have no idea what's going to happen. But what do you find about what's going to happen if there are signs of any sort of asset bubbles here that have been similar asset bubbles in times past. So there's there's a couple of things happening on the housing I think it really is that kind of anxiety that says, um, I am always going to miss out on housing every time there

is a supposed opportunity. The prices keep going up and if I don't buy now, I will be priced out. There is anxiety, there is greed as well. In New Zealand of all countries, there are people who already owned homes world or two who are now buying three, four or five. There is just this needs to keep accumulating because it is seen as a bet that can only

work out in the long run. Remember that young people as well, coming into the job market they see only a long future or ahead of them, are not convinced at all. But if they study and work hard, they will get a normal any normal retirement. So they are they are swept along too. And housing is the most basic need, a roof over your head. It's what we all drew off in retirement. So all of these things have been compressed in a world of low rates and

excess savings and posts reopening euphoria. It is it is affecting everything, And how is it is deactly part of it? How does it end? Very good questions. So there's a couple of possibilities round I mean use the word bubble. I see what's happening now as more of a more of a cycle. So We've seen gold rushes in the past, We've seen dot com boobs um. These things can have a long time lad before they change. Some people think there is a genuine turn in the for example, the

inflation cycle. If yields start to rise, then all these moonshot investments don't start to look so great in the

same uniform way. Otherwise, I'm afraid it really has to be a question of trying to find that middle ground between the really extreme stories of getting rich, and maybe the story would seem boring today, Like if I said to you just put a little money aside every month and put it in a mutual fund, you may have to reassess think yourself about your own life and think, well, if I build my entire life around fomo, it's just

how sustainable about it is. So I would say it's a mix of natural cycles, the you know, the growth of the economy and how it performs sort of fundamental but also human psychology. Just just how contagious are those stories going to be? Yeah, And as you point out, which I love in your piece, you say, incidentally, actual lottery tickets have also grown in popularity during this time.

I wonder about wealth management because it's something that you touch on the experts, the advisors, the people who used to march into two boardrooms and know exactly how a company should spend their money. They don't necessarily have all the answers like they used to. No, and and this is why it is an economic phenomenon because it is it is touching all of these industries that sort of might have been seem to be permanent or immutable or long term. And this is why it was so interesting

to write the story because you're speaking to professionals. You're not speaking to day trade as you're not speaking for the retail crowd. You're speaking to people who have qualifications and who are supposed to know what to say. And all they can say is, well, just wait and see the cycle may turn. Try and build a constructive portfolio.

But you just have again on the FOMO front, you do not want to appear dumb in front of your client, and that, unafraid, is what a lot of these advisors are worried they are looking like today, which is dumb in front of this reality of the market. Just intense seconds advice. If you have FOMA, try and find something else to the balancing. However, you can maybe get outside and go for a run, although that could cause you

to think about what you're missing out on. Leon O laurent Is, columnist at Bloomberg Opinion, joining us on the phone from Paris. Lenal stories the international cover of the new issue of Bloomberg Business Week magazine. You can read it at Bloomberg dot com slash business Week. I'm bromm a journal Yeah, but you let me drive. Oh no, no, no no, no, honey, please, I'll do the riding drivels. I want to drive, Just drive, baby, good question, trying. This is the drive to the clobe. Give me thanks.

We'll drying us on Bloomberg Radio. It's the drive to the clothes. We are just a little over ten minutes away from the close of equity markets here on this Thursday, June tenth. Joining is always Hillo Kramer, President and Chief investment Officer at A and G Capital Research. She's also the author of Game Changer Investing, How to Profit from Tomorrow's billion dollar Trends. She joins us on the phone from Florida. Hillary, it's great to have you back with us.

How are you, Damn, I'm very good. It's really exciting that COVID seems to be behind us here in Florida. Let's just hope that delta variant doesn't hit. Yeah, look, I hear you, and it certainly is a different story playing out in the rest of the world, but we are starting to feel a lot different here in New York as well. Hillary. I want to start just by talking about inflation, and then I do want to get to the many stocks that that that you want to

talk about. But we can't ignore the CPI data that we got earlier today. And I find it just fascinating that both the equity market in the bond market really shrugging off the idea that this could be permanent inflation. The market was simply because of that, because the stock market loved at the bond market, as you say, Jim, really didn't freak out. It's just felt like that was normal.

It was priced in. But I think that there's been some second thoughts because here later in the day, industrials, materials, financials started to lag. So this may start to register and the wage inflation is a significant problem for the margins on so many companies. We may see some major rotations.

UH companies like Walmart, which are great portfolio staples but have one percent razor thin margins as long as they're paying people seventeen dollars an hour to stack shelves, which I think is great because people should make money and shouldn't be working and like starving and making and meat. But it's going to impact the stock price because the earnings are going to be impacted. And uh and it's just a tough time in the stock market to find

good opportunities. Well, where are you finding some of those good opportunities, Hilary. I want to talk and to start with Chewy because they're reporting after the bell today. Chiwi is a great company. It had a year, you know, I was on top of Chili starting at twenty two dollars um and there's stock now at one point above a hundred and we could see a big jump today upwards to we's still doing great. The humanization of pets,

there's been losses. We're not going to see um orneyes for share positive until the fourth quarter of this year. And uh. And it's very similar to the story you know, rotates, you know, settling now you know, then a story becomes especially on the Reddit trades. UH. Stocks like the st season, the Chewie's um have been us decide. But I am finding opportunities and I'm trying to find small caps but that our value plays. We found one company, Tennant. We've

done a lot of work on TNC. It's scrubbers that scrubbers for the floor, not for the internet, scrubbers, vacuum as six dollar pieces of equipment for arenas and stadiums and Walmart and Costco and Sam's Club and Tennants filter replacement parts been around for over a hundred years. One

point one percent give it in yield. And what I'm waiting for is at one point one billion dollar company from middle market private equity fund is going to start buying this thing up and we'll probably take it out, you know, because that's what they're all looking for. Everyone's searching for any opportunity where and at this point if they can make a double and there's so many private equity spinoff funds where to some funds, this might be nothing one point one billion to another it might be

you know, the King's feast. Yeah, look, you make a hillar. You make a really good point. Because I did see and I mentioned this before, I saw tweet in recent weeks that said it's a really good time to be selling something because there is so much money out there. I'm wondering, though, what that tells you about where we are potentially in the market cycle. We're overstretched. We are as long as they said, doesn't you know, start to do what they need to do to con role inflation,

raising rates. We're going to be fine. But there's going to be a tipping point something and we never know what it is, but we know it's coming. It's going to bring this market down. And there's so many traders on margin out there, there's so many individual retail traders. We could see like a math exodus and some trampling. That could be really bad. So everyone should keep their powder dry and get ready for the market to go down and look at it a buying opportunity. When when

when is it realistic? Look, nobody has a crystal ball. If if anyone did, that would be game changing. But um, what is the realistic timeline that you're thinking of one of these downturns where you could take advantage of the dry powder. It could happen when tax legislation actually is enacted.

That could be the major tipping points that starts some funds or some people selling it could be something geopolitical, or as we started this conversation, it could be this delta very that's closing down one third of the ports in China and which we're gonna see more of a hold up in semiconductors and all sorts of exports which are gonna make which you're going to make equipment and

manufacturing a lot more difficult to fulfill and um. But but I still think that again him, there are opportunities, like in biotech, for example, ASCO, which is the big oncology meeting that happens once a year, was last week virtual and ASCO had some really incredible oncology news that came out of it, and oncology has really been on

the oncology biotex box have relatively been ignored. The one that came out that's the biggest favorite is io Vance io b A that has some really solid data on melanoma immunotherapy and there's finally could be true true you know, large scale applicability instead of chemotherapy to do this turning cells against the bad selves and your body fighting your own war. But we think io vance, like Goldman Facts, that it's going to be more than three increase in

the next twelve months. Now for an analyst to say that, there's got to be some real conviction around it. But the stock, uh you know, in the twenties has been over a hundred dollars a share, and that's the way biotech can go. But either are going to go off of uh you know, away from the vaccine stocks. Another one, rx O p r X. That's one right, um, you know, that's the one that spends the messages for pharmaceuticals and

for scripture. We only have a couple of minutes left, so I wanted to make sure to touch on fintech because it's a category that is is incredibly hot right now. I feel like I'm seeing ads for fintech companies that I've never even heard of, that have multibillion dollar valuations at least by venture capitalists. Um, where are you see

the opportunities with publicly traded companies fin tech? The best way to go would be keep it simple, don't go into any complexly you're better off with the pay pals of the world, and let them enter into the fintech arena. They have Zoom, they have Venmo, they have the power three fifteen billion dollar market cap pu y p L and continuing to grow. Fintech is just a word that

everybody's chasing after. In many ways, I think fin tech is no different than Google already has um you know, the Google free and people able to make changes on a document on the Google system. So in many ways it's overrated. Look at how fast everyone was able to adjust when we had only a few days to close down states in the entire country. Uh, and we didn't need these spin tech companies to do it. Hillary Kramer is the president and chief investment officer at a n

G Capital Research. She's also the author of Game Changer Investing, How to Profit from Tomorrow's billion dollar Trends. She joins us on the phone from Florida. Hillary, thank you so much for joining us again, and it's always great to have you. Thanks for listening to Bloomberg Busines this week. Download the podcast on iTunes, SoundCloud, or Bloomberg dot com, and you can also listen to our radio show at two pm Eastern on Bloomberg Radio or watch us on YouTube. Search to Bloomberg Global News