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Long-standing corruption hinders vaccination campaign in Latin America

Long-standing corruption in Latin America has hindered vaccination campaigns and health care responses.

The big picture: These scandals include inflated prices for unusable ventilators purchased by Bolivia, price gouging for N95 masks in Argentina, and a botched acquisition of emergency field hospitals that took over six months to be operational in Honduras.


  • Peru, Chile, Ecuador and Argentina were also roiled by “Vaccine-gate”, in which politicians and their families and friends were given hush-hush early access to the first shots.

More recent uproars include the possible impeachment of Brazilian President Jair Bolsonaro for apparent bribery for contracts to purchase two vaccines, and a murky and unfulfilled deal in Guatemala to buy millions of Sputnik V doses that were paid for but never delivered, leading to protests and calls for President Alejandro Giammattei's resignation.

Between the lines: Public hospitals were already severely underfunded, lacking equipment and medicine, when COVID-19 hit. With the pandemic, they are overwhelmed.

  • Partly to blame are the enduring consequences of diverted funds, since Latin American and Caribbean nations consistently rank as some of the most corrupt in the world.

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Greta Thunberg criticizes "loopholes" in climate commitments at Biden summit

Climate activist Greta Thunberg released a video Thursday denouncing world leaders for the "hypothetical targets" announced at President Biden's virtual climate summit this week.

Why it matters: The virtual summit came hours before Thunberg urged U.S. lawmakers "to listen to and act on the science" in testimony before a House Oversight Committee panel.

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Substack raising $65 million in venture capital amid newsletter boom

Substack is raising $65 million in new venture capital funding that would value the company at around $650 million, Axios has learned. Existing investor Andreessen Horowitz is leading the round.

Why it matters: Substack, which provides a platform on which writers can publish paid email newsletters and keep most of the revenue, has seen its popularity soar.

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U.S. and Israel to reconvene Iran working group ahead of potential nuclear talks

The United States and Israelhave elected to reconvene a strategic working group on Iran, with the first round of talks on intelligence surrounding the Iranian nuclear program expected in the coming days, Axios has learned.

Why it matters: President Biden and Israeli Prime Minister Benjamin Netanyahu have sharply contrasting views of the 2015 Iran nuclear deal, but the resumption of the working group is a signal that their governments are starting with a serious and professional dialogue rather than a political fight.

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Gamestop trading action pits powerful against powerless

Data: FactSet; Chart: Axios Visuals

A popular rebellion, organized by the powerless against the powerful. It might have failed in Washington, but it certainly seems to be working on Wall Street.

Driving the news: The market value of GameStop closed at more than $10 billion on Tuesday, on record volume of more than $26 billion.

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