NTD Business (July 31): China Stocking up on Chips Before Hong Kong Sanctions

July 31, 2020 Updated: August 1, 2020

A lot happened in the markets this week. Our host Paul Greaney spoke to Nick Reece for details and analysis.

The U.S. government will pay $2 billion to two European drug companies for 100 million doses of vaccines. It’s the biggest deal yet from “Operation Warp Speed.”

Two U.S. oil giants each announced they lost billions of dollars in the second quarter. The pandemic has dealt a heavy blow to oil demand, causing oil prices to crash.

And the Eurozone saw the the largest drop on record in the second quarter. Economists say the road to recovery will be a long one.