Skip to content
Search

Latest Stories

News

What We’re Watching: US vaccine patent U-turn, right wins big in Madrid, Biden weighs in on Russia-Ukraine

What We’re Watching: US vaccine patent U-turn, left gets pummeled in Madrid, Biden weighs in on Russia-Ukraine
Ari Winkleman
Make us preferred on Google

US reverses course on vaccine patents: In a surprise move, the Biden administration will now support waiving international property rights for COVID vaccines at the World Trade Organization. Until now the US had firmly opposed waiving those patents, despite demands from developing countries led by India and South Africa to do so. Biden's about face comes just a week after he moved to free up 60 million of American-bought AstraZeneca jabs — still not approved by US regulators — for nations in need. It's not clear how fast an IP waiver would really help other countries, as the major impediments to ramping up vaccine manufacturing have more to do with logistics and supply chains than with patent protections alone. But if patent waivers do accelerate production over time, then that could accelerate a global return to normal — potentially winning the US a ton of goodwill.


The left gets pummeled in Madrid: The two leftwing parties in Spain's national government got massacred in regional elections in Madrid this week. Both the center-left PSOE and the far-left Podemos were steamrolled by the conservative Popular Party, which more than doubled its current seats to win 64, just four shy of a majority on its own in the Madrid legislature. The PP may now even turn to the upstart far-rightists of Vox in order to form a coalition government in Madrid. The defeat was a crushing blow for Prime Minister Pedro Sánchez of the PSOE, who has often clashed with Madrid's pugnacious regional leader over the latter's disdain for economy-crippling lockdowns. Moreover, the surge in support for PP and Vox in Madrid — always an influential bellwether for national politics — will make him very reluctant to call early elections, which he was considering doing because the PP until recently was in big trouble following its dismal showing in the Catalan election just three months ago. Interesting times ahead for Spanish politics.

Biden, Ukraine, and Russia: I'd like to speak face-to-face with Russian President Vladimir Putin sometime this summer, says US President Joe Biden. Not a bad idea, says the Kremlin. If it happens, the two leaders are sure to talk about Ukraine, and there have been suggestions this week that the US might join Germany and France in efforts to mediate the conflict and find a path to peace. US Secretary of State Tony Blinken is actually in Kyiv this week to assert "unwavering US support for Ukraine's sovereignty and territorial integrity in the face of Russia's ongoing aggression." Russia has lately been dialing up the pressure on Ukraine – with a brief military buildup along the border between the two countries, military exercises in the disputed Crimea peninsula, and Russian threats to blockade key Ukrainian ports. These are reminders that the central challenge for any mediator is ending a conflict that Russia's government still finds useful for both domestic and international purposes.

More For You

How far will Putin push NATO?
- YouTube
Russia's war in Ukraine is increasingly spilling beyond its borders. From suspected sabotage and cyberattacks to drones and aircraft testing NATO airspace, Moscow is probing how far it can go without triggering a wider confrontation. Meanwhile, uncertainty over US support is forcing Europe to rethink its own defenses. But with 27 EU countries [...]
US oil companies fill their coffers
Lottie Tellyn
While the average American household has spent $1,100 more on gas and diesel since the start of the Iran war, oil companies have been profiting from higher fuel prices. The same 50 US oil and gas companies made less than $47 billion in profits over the same period in 2025. Meanwhile, US President Donald Trump boasted that the US was making a [...]
October 29, 2026, Frankfurt, Hesse, Germany: European Central Bank (ECB) President Christine Lagarde arrives for a press conference following a Governing Council meeting in Frankfurt am Main, Germany.

October 29, 2026, Frankfurt, Hesse, Germany: European Central Bank (ECB) President Christine Lagarde arrives for a press conference following a Governing Council meeting in Frankfurt am Main, Germany.

ZUMA Press Wire via Reuters Connect
The changing of LagardeChristine Lagarde announced yesterday that she will step down as head of the European Central Bank (ECB) eight months earlier than planned. Lagarde’s early exit will allow French President Emmanuel Macron to play a role in choosing her successor before he leaves office next year. The move will prevent presidential [...]
Elderly people dance at a park in Beijing, China January 16, 2024.

Elderly people dance at a park in Beijing, China January 16, 2024.

REUTERS/Tingshu Wang
Last week, the US’s fertility rate hit a record low: CDC data for 2025 showed that for every 1000 women aged 15 to 44, only 53 gave birth each year, down from 54 the previous year. The decline continues a decades-long decline. But the US is not alone. In much of the world, fertility rates are in freefall. Almost every developed country today has [...]