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Head of world's largest vaccine maker urges Biden to lift export ban on raw materials

The CEO of the Serum Institute of India, the world’s largest maker of vaccines, asked President Biden on Friday to lift a U.S. export embargo on raw materials for vaccines, saying it is hampering vaccine production in other parts of the world.

Why it matters: Equitablyproducing and distributing coronavirus vaccines may be the defining global challenge of 2021 and a crucial step to controlling the pandemic, as prolonged unequal access to vaccines may allow the virus to spread and dangerously mutate in unvaccinated parts of the world.


Context: The Serum Institute of India is also a key supplier of the United Nations-back COVAX facility, which was created to help pool global resources to produce and offer vaccines to all countries regardless of their wealth.

What they're saying: "If we are to truly unite in beating this virus, on behalf of the vaccine industry outside the U.S., I humbly request you to lift the embargo of raw material exports out of the U.S. so that vaccine production can ramp up," Adar Poonawalla, CEO of the Serum Institute of India, said.

  • Poonawalla previously told AP that the unavailability of these raw materials could delay the production of the COVID-19 vaccine developed by Novavax by five to six months.
  • Serum Institute and Novavax agreed to supply 1.1 billion doses of the vaccine to COVAX, though the company announced in March that it was forced to pause exports to COVAX because of a massive surge in cases in India.\

The big picture: 10 U.S. senators sent a letter to the White House on Thursday night urging Biden to back India and South Africa's appeal to the World Trade Organization to lift intellectual property rules for vaccines, AP reports.

  • The temporary waiver, supported by more than 100 countries, may allow nations that are struggling to inoculate their populations to manufacture vaccines faster.

Go deeper: India's second wave hits the whole world through vaccine export curbs

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Trump-appointed federal judge rules against third-country asylum rule

A federal judge in Washington, D.C., ruled against the Trump administration's third-country asylum rule late Tuesday.

Why it matters: Per Neal Katayal, a lawyer involved in the legal challenge, the District Court decision "invalidates" the transit ban. Axios has contacted the Trump administration for comment.

NEW: U.S. District Judge Timothy Kelly, a Trump appointee, ruled that the Trump admin's asylum restrictions on migrants who crossed through a 3rd country en route to the U.S. are illegal under administrative law pic.twitter.com/G8vO1baNBw

— Suzanne Monyak (@SuzanneMonyak) July 1, 2020

Go deeper: Trump administration proposes toughest asylum rules yet

Editor's note: This is a developing news story. Please check back for updates.

Auto sales may have turned a corner despite coronavirus pandemic

U.S. auto sales have bounced back in recent months despite the coronavirus pandemic, with some brands even seeing their sales increase over 2019's numbers at this point in the year.

Why it matters: Cars and trucks were seen as one of the sectors that would be hardest hit as Americans were called to stay home from work and entertainment destinations were shuttered.

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Fauci says transition delay harmful to public health as COVID-19 cases surge

NIAID Director Anthony Fauci said on CNN's "State of the Union" Sunday that President Trump's refusal to cooperate with President-elect Biden's transition team hurts public health as coronavirus cases surge across the country.

The state of play: As President Trump refuses to concede the election to President-elect Joe Biden, General Services Administration Administrator Emily Murphy has not signed documents declaring Biden the apparent winner, preventing the president-elect's agency review teams from having access to the information they need in order to get to work.

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Small business Paycheck Protection Program to restart next week

The next round of Paycheck Protection Program loans will open on Monday, albeit not for everyone.

Why it matters: As evidenced by this morning's bleak jobs report, many businesses continue to be battered by the surging pandemic.

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