US steps up sanctioning powers against China, Moderna vaccine early results, US banks braced for loan losses


Manage episode 267254346 series 2455123
By Financial Times. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

President Donald Trump signed legislation on Tuesday that gives his administration more power to impose sanctions on Chinese officials, the Trump administration reversed its rule that international students would have to return home if they are attending universities with online-only classes, Moderna’s potential Covid-19 vaccine produced immune responses in patients in the early stage trial, and technology groups are refusing a data sharing proposal with Hong Kong regulators. Plus, the FT’s US banking editor, Laura Noonan, examines why three of America’s biggest banks set aside a combined $28bn for current and future loan losses.

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