Excerpt from " Politico Morning Money May 07, 2021" by By BEN WHITE and AUBREE ELIZA WEAVER

Jobs report at 8:30 a.m. expected to show a gain of 965K and the unemployment rate falling to 5.7 percent with hourly earnings unchanged (ignore that bit) … President Biden is scheduled to speak on the economy this morning after the jobs report (at least an hour after, as is the rule) …

PATENTS PUSH-BACK — Cumberland’s David Kotok emails: “Biden pivot on patent suspension instead of negotiated licensing is disastrous for technology innovation and investment of all types, not just biotech.

"This is a ‘taking’ by a non-judicial use of eminent domain. It defeats public health and gives a win to the anti vax cohort. Would you invest billions in a booster under such conditions?”


Read the full note at Polico: https://www.politico.com/newsletters/morning-money/2021/05/07/welcome-to-jobs-day-795146

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David R. Kotok
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