In This Edition

Key Takeaways

The European Commission will extend EU powers to potentially block vaccine exports to the UK and other regions with high vaccination rates. Indian Prime Minister Modi wrote a goodwill letter to his Pakistani counterpart amid a thawing of relations. Euro zone economic activity returned to growth this month as factories ramped up production to its fastest pace in over 23 years. Analysis: Science Under the Scope: The Progress of COVAX; Region in Charts: Europe’s Fourth Wave.

Condition Updates

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state.

Science Under the Scope: The Progress of COVAX

Global vaccine distribution is necessary to stamp out the pandemic, so COVAX’s extensive reach makes it a key component to recovery. COVAX is the vaccination portion of an international partnership dedicated to ensuring equitable access to vaccines for COVID-19 known as the ACT Accelerator. It is run through the coordination of numerous intergovernmental and nonprofit agencies, including the World Health Organization.

Region in Charts: Europe’s Fourth Wave

A fourth wave is now evident in Europe, driven by outbreaks in Central and Eastern Europe. The region reported over 1.4 million new coronavirus infections, a 13 percent increase compared to the previous week. The UK variant is driving new outbreaks, with Poland reporting 80 percent of new cases of UK strain and Czechia 74 percent.

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