The End of Globalization. 03/24/22

Larry Fink, CEO and chairman of the world’s biggest asset manager BlackRock, wrote in his annual letter that Russia’s invasion of Ukraine is reversing the long-running trend of globalization. Blackrock, which oversees more than $10 trillion, has suspended the purchase of any Russian securities in its active or index portfolios. CNBC’s Kayla Tausche reports from Brussels, Belgium, where President Biden’s and other NATO leaders are meeting to discuss the Russia-Ukraine war. As Covid cases tick upward abroad and begin to tick upward here at home, Moderna CEO Stephane Bancel says the drugmaker wants to provide U.S. regulators “flexibility” in determining eligibility for a fourth Covid vaccine dose. CNBC’s Meg Tirrell sits down with Bancel ahead of the company’s vaccine day and discusses the company’s latest data surrounding its Covid-19 vaccine in young kids. Plus, Google has agreed to test letting app developers offer users their own payment systems, starting with Spotify. In this episode: Stephane Bancel, @moderna_tx Kayla Tausche, @kaylatausche Meg Tirrell, @megtirrell Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Katie Kramer, @Kramer_Katie