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EquityPandit

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WORLD

New York City To Provide Free Antiviral Pills

New York City will deliver free antiviral pills to people who test Covid positive and are at higher risk from the virus, Mayor Eric Adams announced. “We want to make sure that one who has Covid-19 doesn’t need to move throughout the city for pills,” Adams said.


The oral antiviral medications approved by the US Food and Drug Administration (FDA), i.e. paxlovid from Pfizer and molnupiravir from Merck & Co., will be available to people in limited quantities. They will be delivered in partnership with Alto Pharmacy. Adams said that the increasing cases due to the omicron variant have made New York City the centre for Covid-19. The average daily reported infections in last week were over 5,000.

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Russia, US May Start Ukraine Peace Talks Today

Dhruva Kulkarni

Russia has signalled its willingness to have peace talks with the US over Ukraine, with discussions possibly beginning as early as today, according to Foreign Ministry spokeswoman Maria Zakharova.

The development comes after high-level diplomatic talks in Saudi Arabia, where Ukraine showed openness to a 30-day ceasefire, and the US agreed to present the proposal to Moscow.

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The Kremlin confirmed that US negotiators were heading to Russia, indicating a potential step forward in diplomatic engagements between the two nations.

Kremlin adviser Yuri Ushakov spoke with US National Security Adviser Mike Waltz on Wednesday, emphasising ongoing diplomatic efforts to find a resolution to the conflict.

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Greenland Opposition Party Secures Victory in Legislative Elections

Dhruva Kulkarni

Greenland’s centre-right opposition secured a surprise victory in the legislative elections, with rising support for the nationalist Naleraq party advocating swift independence.

The Democratic Party won 29.9% of votes, tripling its 2021 result, while Naleraq more than doubled its share to 24.5%.

Outgoing PM Mute Egede’s Inuit Ataqatigiit party and its coalition partner Siumut placed third and fourth.

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With no party securing a majority, coalition talks will shape the next government and its approach to independence.

Trump’s renewed push to acquire Greenland influenced the campaign, driving higher voter turnout.

Naleraq seeks immediate independence, but others prefer financial stability first, as Greenland relies on Danish subsidies.

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Can Europe’s $20 Billion AI Gigafactories Compete?

Dhruva Kulkarni

Europe plans to invest $20 billion in four AI gigafactories to compete with the US and China, but experts question their feasibility.

These data centres face major challenges, including chip shortages, power constraints, and a lack of cloud service providers like Google or Amazon.

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The project is part of InvestAI, a €200 billion initiative, but still trails US efforts like Stargate.

Each gigafactory will house 100,000 advanced chips, requiring billions in investment.

Experts debate whether funds should focus on AI applications instead, as past EU tech initiatives struggled to meet goals.

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Zelenskyy Visits Saudi Arabia Before Key US Talks

Dhruva Kulkarni

President Volodymyr Zelenskyy will meet Saudi Crown Prince Mohammed bin Salman on Monday before crucial talks with US officials on Ukraine’s war with Russia. 

Saudi Arabia has played a mediating role in the conflict, brokering prisoner exchanges and hosting US-Russia talks.

The US, once Ukraine’s main ally, has shifted its wartime policies, cutting military aid and intelligence sharing while engaging directly with Moscow to end the war. 

On Tuesday, Ukrainian and US officials will meet for the first time since Zelenskyy’s tense Oval Office encounter with Trump, focusing on a minerals deal and a possible resolution to the conflict.

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Under pressure from Trump, who wants a swift end to the war, Zelenskyy is working to align with the US but has yet to secure security guarantees for Ukraine. 

Trump’s envoy, Steve Witkoff, said the talks aim to establish a peace framework and ceasefire, but Moscow has rejected a temporary truce, calling it a tactic to aid Ukraine.

With US support uncertain, Zelenskyy is urging European allies for more aid as Ukraine faces Russian advances and intensified aerial attacks.

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US Adds 160,000 Jobs, But Trade Wars Raise Concerns

Dhruva Kulkarni

The US job market likely added 160,000 jobs last month, maintaining steady growth despite economic uncertainties.

Hiring in leisure and hospitality is expected to recover after setbacks from January’s wildfires. While the job market has cooled from its 2021 peak, it remains resilient despite high interest rates.

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The Federal Reserve cut rates thrice in 2024 but paused further cuts as inflation progress stalled.

Wage growth likely slowed in February, though not enough to trigger an immediate Fed rate cut. Trade tensions and potential tariffs could weigh on hiring, wages, and consumer spending in the coming months.

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