The World on Swine Flu Alert

Hello, I’m Charlotte Bellis and you’re watching Newsy.com. http://www.newsy.com The deadly swine flu outbreak has killed as least 100 people in Mexico. Twenty cases have been confirmed in the United States, with other confirmed cases reported in New Zealand, France, Spain and Canada. But it’s not just people who are affected by the outbreak, but economic markets as well. We’re following the economic news as it develops. “In Asia, fears of a global swine flu pandemic prompt investors to cash out and airline and transport stocks are the hardest hit.” (CNBC) “The green shoots in the green economy quickly shriveling as new outbreaks of swine flu puts the economy on edge. New infections in the U.S. and Canada, millions in Mexico afraid to leave their homes.” (CNBC) “On the other side of coin a lot of pharmaceutical and vaccine companies moving on the up side, the likes of Astro Zenica, GlaxoSmithKline and Roche which is the maker of Tamiflu." (MSNBC) Bloomberg reports that stocks around the world have been declining in the wake of the outbreak. It quotes a Royal Bank of Scotland report as saying: “As if we didn’t have enough to contend with…It’s just what we need now, a flu pandemic in the midst of the biggest financial crisis since the Great Depression.” (Bloomberg) The Wall Street Journal reports that the U.S. pork industry is working to calm fears that its products are linked to the outbreak. “Although there appears to be no evidence yet tying the flu to human contact with pigs, Russia banned meat imports from Mexico, several U.S. states and nine Latin American nations… The flu threatens to pose a challenge for an industry that has already seen exports decline as the recession has hurt global meat demand.” (The Wall Street Journal)

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Daily Motion | April 28, 2009

Tags:. .evidence. .pandemic. .tying. .swine. .roche