Question

For this discussion please locate a current event, not older than 90 days, regarding one of the topics we are covering this week. Reminder that this week we covered intellectual property, criminal business activities, and international business law. Your post must be no less than 300 words, describe the details of the current event, identify the legal topic to which it pertains, why you chose that current event and how you think the situation should be resolved. Make sure you use proper writing structure.

Answer 1

The recent event based on intellectual property is that ,
India and South Africa demand waiver of vertain provisions of intellectual propert for Covid 19 therapeutics.

We know that this is the worst pandemic situation ever had in the economy due to a infected virus.
Based on this post the global drug makers of covid 19 therapeutics has refused to gave up their patents to other country amoung their products. The countries need to waive the intellectual property to make the development of vaccine more easier so that the vccine should be developed earlier. Two countries are merely affected by the virus, they need the intellectual property and patents for acting as a barrier amoung affordable medicine for them.

It is the latest post or news based on the intellectual property and patents.
For the better result they have convince the World Health organisation and they have to make the process for reducing the impact of covid 19 in the economy. I have to choose this topic because this is the worst pandemic that i have ever experienced and the business faces. On this situatiom there is an urge need of the vaccine for preventing the corona virus so that the intellutual property right has to be given to the countries who are in needed of that by the world drug developers fot preventing this kind of situations. The WTO has be more concious about the situation and make urge remedy for the situation otherwise it should be more worsier than the current situation. When the business firms are becoming more dull in the economy it also affect the capital of the economy and it becomes the low growth in the GDP rate of a country. So the goverment has to be effective to solve the situation in the economy so it should be more easier than the way it should be modified amoung the law .