So good afternoon and welcome to the Global Cyber Security Outlook discussion. We are going to discuss probably what is the most important questions of our time. The cost of cyber attacks, cyber incidents are likely to reach six trillion dollars by 2021. But beyond just the numbers, brands, supply chains, stakeholders and markets are all going to be implicated. The citizen is at threat and this particular session hopes to unclutter some of the key trends and key developments that will impact the space. Now to discuss this, we have Jurgen Stok, Secretary-General of the Interpol, 40 years of policing and he has created a whole new division under him that looks at this matter. We have Andrei Kudelsky, Chairman of the Board and Chief Executive Officer of Kudelsky Group, Switzerland and he's going to bring his expertise into this conversation. David Garfield who creates niche products for governments and companies which respond to the cyber threats. His own company is Garrison from the United Kingdom and Laura Dina, the Global Chief Information Security Officer, SNP Global USA. And let me start with Laura. Laura, do companies now internalize that they are the first respondents and probably the most important rule makers for cyberspace? Yes, absolutely. So as a private company we know we have to have partnership the public-private partnership is why I am on the Global Futures Council for the World Economic Forum. We know the importance of it and we know that we are heavily attacked as a private company and a lot of our threat data can be used to help public companies but also the marrying with government companies can also help or government institutions can also help our own data to address any attacks that we have not yet thought of. So sharing of information and threat information is crucial and important. Now I was asking you off stage how easy is it for you as the CISO, as the Chief Information Security Officer to get the attention of your Chief Executive or Chairman or the Chairman of your company? Yes, yes. So at my company it's actually very easy because it starts at the top. Our board of directors have an imperative around cyber security. It's one of our top risks. We put a lot of efforts to formalize our risk appetite statements. Those go up to the board. I present pretty regularly. So it's not hard to get the attention. It's just what we're doing as a progress. And how difficult is it to work with states today? With strongman politics? With leaders who want to control? Who want to survey? Who want to intervene? How do you create a public-private partnership model? With strong woman politics. It's about collaboration. This is why I started talking about the public-private partnership and then the sharing of information. We have to be a community. We have to be able to share that data as well as best practices so that we're all living through addressing the attacks, whether we're talking about nation state actors or we're talking about criminals. We all have a duty and a responsibility to address it together. Andre, let me turn to you. How are business leaders, and you are clearly part of this industry, responding to the gradual and creeping fragmentation of supply chains? So fundamentally, you have to find some elements that are common. So more you are fragmented, more the combination of that is becoming something pretty difficult to manage. So you need to see what can be put in common and based on what is common to construct something. But now we have one issue. Is it, in many cases, things are not secured by design? And that is doing that rather than having something that from the starting point, from the beginning, is secure. We have to try to resecure something that is insecure. And that you do by monitoring, by analyzing what are the threats, being able to respond very quickly if something bad is happening. And here, until we'll get something that is more secure by design, it will be a race and to where speeds of reaction and to be as proactive as possible is absolutely key. Do companies working across the supply chains and certainly the product vendors, do they understand the geopolitics around technology today? It's absolutely mandatory. It's, you cannot drive a company and not drive strategy in cybersecurity if you have not a view that is a little bit, I would call, Zumbak. Fundamentally, if you just look at the detail that you don't see what is the neighborhood, what is happening more generally, you will not be able to be proactive. And one of the key elements to be efficient in cybersecurity is to be able to be proactive. So, first, you have to understand where the attack can come from or at least which type of attack you may face. And the fundamental element is to understand what are the motivations of the ones that are hacking. It may be economical, it may be geopolitical, but if you don't identify this element, it's much more difficult to address the issue. Both you and David are in high growth businesses. As cyber attacks become more frequent, your businesses are likely to grow. Now, as you plan for your businesses in the years ahead, can you give us an assessment of what are the key emerging risks in this era ahead? If I was a business leader, what do I need to prepare for? How do I secure these new spaces around cloud computing, AI, blockchains? What is vulnerable today? What do you think is the most emerging danger? Okay, I will start by taking that from a slightly different angle. You have two worlds that are competing. So, the world of the people that try to do good things and the world of people that are trying to do bad things. And you have one fundamental difference, is if the world of the people trying to do good things is regulated in one way or not the one. So, one of the bad guys is by definition unregulated. Take an example, artificial intelligence can help to detect some intrusion, some attacks and so on. But the first ones that have used artificial intelligence are the hackers. And they don't need to have a charter. They don't need to limit themselves. As an example, with AI, you can reach much smaller targets as a potential target in a hack because you can do something that is automatized and that will not be profitable if you just work in a conventional way. So, fundamentally, technology is something that is available and the ones that will not use regulation as a hacker will be able to be efficient much earlier than the others. Thank you. Jürgen, there's little consensus around the rules governing behavior in cyberspace. I mean, we've had a few attempts at the UN. One of them is still on. How does this complicate your life as the head of international police force tasked with keeping all of us safe? First of all, thanks for disclosing that I have 40 years of policing. Everybody in the audience understands I'm not a digital native. So, we as many police organizations globally are struggling with fragmentation. First of all, we are struggling with a lack of capabilities and capacity. And we are still struggling with a lack of receiving information from the private sector. These are the three major obstacles, of course. As we all know, cyber crime is bordered by nature. We tell that. We explain that on any occasion. Rightly. So, purely national cyber crime doesn't exist. So, naturally, any police-related case or the judicial authorities have to deal with the case has international implications and very often not just to your neighbor country, but the next continent as servers are moving and everything. So, we know the situation. Our system of law enforcement, of course, is still based on national sovereignty. And it's still based on national law. And as you said, there were some attempts in the past finding some common standards, but so far the situation is it works quite well if people know each other. If somebody in country X has a direct line to his colleague in the country set, then cooperation works. Then it's able maybe to secure information that is on the server and to bridge the time until an official request arrives. But the reality is to organize really a transnational organizing because of this fragmentation, because we have a lack of common standards, because we have a lack in a certain standard also legally as a basis for police action. And the situation is still, let's say, politically correct, difficult. Which means, first of all, we are only receiving perhaps information concerning maybe three, four or five percent of all the incidents that occur. It's still more the rule than the exception that law enforcement gets informed in case there is an attack. Secondly, organizing a transnational operation still difficult. Again, it works amongst those who have a good relation, who have built trust amongst each other, who have more or less similar legal systems. But the world is much bigger as we know. We have Interpol tries to connect 194 member countries. So this is very diverse. And again, also the fact that maybe 70, 80 percent of our member countries police service have only little or no capabilities at all to deal with cybercrime doesn't make our efforts easier. So this is again where can I ask you a quick question here? Do you feel that it's not only the private sector that doesn't share information, but do you also believe certain countries don't share information? No, I mean, first of all, it's mainly the private sector, because that's where the information sits specifically for Interpol. So our mandate is only to deal with cybercrime. If it's state activity or kind of state sponsored activity, we are out. So we try to find the overlap of interest between all the countries around the world. And interestingly, it works quite well. So we get all the big players or the small players to the table. Table means we can organize police action if we identify this common interest that we target cybercrime. For instance, child exploitation on the Internet, no descents around the globe that we need to do something. And a lot is going on. Botnet takedowns, illegal dark nets, illegal the underground economy, illegal working places that that works quite well. But the main information sits within the private sector. So for us, this is the main source of information to start an investigation. The expertise sits in the private sector. And that makes it also in other crime areas, by the way, it's not totally not totally a new model. But in the banking sector, if there is a bank robbery, there's a button under your seat or table. And immediately the bank would push the button if there's a bank robbery in the real world. Unfortunately, that doesn't happen. There is no red button. Somebody needs to take the phone. Somebody needs to know whom to contact. Somebody needs to know what is police actually doing. This is where we have to be better in explaining what are the consequences if you report an attack to the police in terms of what happens with your servers, what happens with the evidence, what happens with your workflows and what happens with maybe disclosing something to the public. This is where we have to be better as law enforcement to explain and to have a crime, the kind of crisis management with a private sector so that they know in case something happens. I have an emergency situation. What happens? Whom do I call and what are the consequences? And that makes again the cooperation with the private sector crucial specifically in finding cyber crime. This is your second term as a secretary general of the Interpol. What are your priorities in the next five years for Interpol and for persecuting cyber crime? I mean it's transitioning Interpol into the digital age so we do not only see technology as a threat of course. It's something positive and specifically for law enforcement it's something positive. We have already to deal with big data. When I was a young police officer of course it was paper that we seized and analysed. Today we have huge amounts of data that we have to collect and to analyse and we also try to use analytical software, artificial intelligence, all that provides huge opportunities for law enforcement to better investigate. So we need our own transitioning into the tech world of today and of course all in a certain legal framework. We take privacy really very honest. Also this political discussion so where are the red lines for law enforcement which we don't want to cross to protect privacy to protect the data of individuals is something we take very seriously. I want to come back to you with two questions. One is of course I want you to think about how does it change or how does the work landscape change when the private sector company is a state owned enterprise and therefore there are state rules that apply to it and second is it time for Interpol to start proposing positions around encryption and privacy debates that are happening around the world.  David let me come to you. As a provider of security solutions in the face of constantly evolving threat landscape how do you assess the race that is currently on between the attackers and the defenders? Yes it's quite a big question. I think in the grand scheme of things I don't believe we're winning the battle. I think if we look at the numbers they sort of speak for themselves so over the last five years the cost of cyber crime the spend on cybersecurity technology has gone up by roughly 58% to about $120 billion a year. At the same time the frequency of cyber attacks has gone up by 67% and the impact of those attacks has gone up by 72% so all of the numbers are going in the wrong direction. We're spending more and the situation is getting worse. I think there's a there's a huge given that cybersecurity is such a broad topic there are many many reasons for this but I want to bring out a particular point around asymmetry and there are multiple angles to asymmetry so one point is that that creates asymmetry it's a huge complexity of technology these days. Just to run a browser on an operating system you're building on about 60 million lines of code that are riddled with bugs. We saw an announcement from Microsoft via the NFA just the last week highlighting one of these critical bugs and there are going to be plenty more of these and the attackers just have to find one of these exploit it and they can get into an enterprise or advice so we need to address that complexity. I think over the next decade there's going to be a need to go back to basics and technology and understand how we can make things simple in order to create our controls whilst enabling this great complexity because the complexity is going to get much much greater. We've got AI, blockchain, quantum computing all being talked about in this forum and I think we need to work out how we can enable the progress of these great technologies whilst ensuring the trust is still there that we're getting the security that we need. I think the other point on asymmetry is what we talked about earlier it's very easy to perpetrate a cybercrime from the other side of the world with almost total anonymity and very very little chance of retribution and therefore that's further tipping the balance. So I think as we look forward as I say I think there are a number of things we've got to do I'm a technologist I think there's there's a back to basics I think we need to catalyse that. I also think there's been almost a resignation I think it's been a very useful approach over the last 10 years where organizations have universally basically you know tried to create a mantra that says it's not here but when you're attacked in cyberspace it's allowed us to raise awareness at board level and to engage people so you need to be able to deal with cyber attacks but I also think it's a very defeatist attitude we shouldn't be sitting here thinking well it's not not if but when we need to think you know what can we do better what what can we do to improve our fundamental cyber protections to keep the bad guys out in the first place. You know the numbers that you just cited tell me that it's a good business to be in if you're a startup.  No so I think I think it's a mixture of all of what you've just said I think it's definitely an area of extreme innovation and there are certainly the capital markets have got behind the innovation so I think we have something like two and a half thousand cyber vendors in the world all coming to Laura to try and sell their products and this is one of the kind of real problems in cybersecurity. Strangely for a cyber company one thing I'm going to ask for is better controls from big business in determining whether or not a product is good or bad. I think one of the issues we've got is we've got a huge race for innovation and I think that's creating kind of liquidity in the capital markets to invest in these in these companies but they're investing in things that aren't necessarily fully formed and aren't always really very well stress tested. So one of the things I think we need to get leadership from businesses in is to say well you know given the numbers are all going the wrong way it's our spend effective. You know what can we do to challenge whether or not you know in a large bank you might be spending hundreds of millions of dollars on cyber security protections. That's a huge amount of money to not know whether it's effective or not. So I think challenging these these technology innovators to say well is this actually providing the security you claim it is will be something that it needs to be transformed in the next decade. So your second point was about. No my second point I didn't ask you let me ask you what about the human capabilities. I mean you have these companies coming up you have these the threat landscape which is continuously growing and evolving. Where are the people. So are we investing in building if I was to use a term from what one of the Indian ministers coined cyber warriors if we were to create a corner of cyber warriors you would need to invest in a certain kind of education and scaling program. Are we building enough capabilities. So I think there's there's plenty of evidence that there are a lot of good initiatives out there. But again it's a very complex landscape. Cyber security isn't one thing. And so when we talk about how we've got capacity we mean lots and lots of different things. We need better analysts more analysts and threat intelligence professionals. We need people who can design architectures better. We just need engineers who can build better products. But one thing that that we were talking about earlier was even at the leadership level what's been dramatic over the last 10 years is 10 to 15 years ago cyber security wasn't a term learned by the board. It was a back office activity. There was a guy called Bob somewhere in I.T. that did something to do with security. It was right next to the pantry room in most exactly that. And what's happened over the last 10 years is it's become a board level job. You know you have a C.S.O. or a C.S.O. advising the board or being part of the board. I think what that means is that you know we need to support many of the C.S.O. in the world to better understand business so that because this is no longer just a peer security activity this is a security and business expertise that you need. I think we also need to educate the board and the non execs on security in the same way that almost every company is now a technology company and the boards had to learn that. I think there's also a transition to the board having to learn security. So Laura let me come to you with this. I think this is a question right for you that he's put up to you actually as a C.S.O. and probably you're the only one here in Davos this time. How do you manage to influence a not to know I met plenty of other C.S.O. so how do you manage to influence a company's cyber security culture. I mean that's the point he's raised here. Yeah absolutely absolutely. I appreciate all those points. I think making security more participatory right. It's not something that is an IT problem to your point. It's a business problem and you want everyone interacting in it and you can take it home with you. It's also a personal thing. You don't want your identity stolen. And so when you're when you're thinking about security at a company make it fun. Don't make it about these horrible compliance videos that you have to take. Make it not just about phishing simulations every single month. Make it about something that you can bring back to you personally. And most importantly what we like to do is make it more about responsibility. We have this deficit obviously of cyber talent upskilling is an option relaxing some of the requirements of requiring a computer science or computer engineering degree taking some very good critical thinking and problem solving and turning those folks into cyber warriors to your point is something that you can do. And if you don't want to do it as just a cyber security function then it's okay to have developers doing secure code. That's okay too. I'm performing hackathons or you know having everybody together just to purposely break an application from a security perspective means that everybody's learning again more more to a community respect. So not just about the cyber security people but about everybody learning how to do cyber security themselves. You know when we were part of a global commission on the stability of cyberspace and some of us a multi stakeholder group were discussing ways in which we can incentivize stakeholders to secure network secure digital facilities. One of the idea was that let the market do that. And they said there are two tools markets normally have one is ratings other is insurance. And those are two important tools to in a sense incentivize better behavior. Is that something that you guys believe is necessary. There's actually a really great paper that the World Economic Forum has produced with Eloise. I don't know if Eloise is here. It's incentivizing cyber security for the markets and there's a lot of really great principles in there. You know very basic things thinking about your security posture just in general having it to be more of an executive thought the board the CEO everybody thinking about it adopting just some very very low touch standards. You know not just having a CISO you don't have to have a CISO everybody can think about cyber security. It doesn't have to be Bob the IT guy in the basement or the pantry. It could be everybody thinking about it and then just adopting different practices so that you can perform cyber security posture at a baseline level and insurers. We were actually on a great panel yesterday here at Davos where we talked about insurers having a stake here because of some of the crime data that they may be underwriting on. So that is a treasure trove of information for all of us here. If we could take advantage of a taxonomy and think about that information then there may be one way of leveling kind of just the baseline field. So it's something that we have been thinking about at S&P. Martina Chung had talked about it last year at Davos. And what about rating geographies and companies and countries like you have financial ratings you have cyber security ratings. And yes you know is that something that's being considered. Yes. So we are thinking about that. Now I know we just spoke before we came on. It's not something where we would fault a specific company but as your point was earlier security needs to be infused in education. Everybody has to be thinking about security. We can't just say don't fault a company because they haven't thought about security at all. There has to be some incentive. And if the incentive is I don't get breached. And I think that's a good one. Right. And do you think increasingly this will become a marker for investments for credit ratings. Yes I do. Yeah I do. And we actually saw a downgrade of Equifax for instance by our competitor Moody's. So they downgraded Equifax and Equifax has been dealing with it since then. They've been doing a phenomenal job of dealing with it. So this is a wave incentivizing. Great. So I asked I left two questions with you. What happens to Interpol's capabilities to work with private enterprises when they are owned by the state. And I'm not pointing to any country. There are many countries which own enterprises. But how does that complicate or you know make it more complex. The conversation. If I may ask my answer the first question. I mean it's not making things complicated. We are rules based organization. All the activities are based on the rules of processing of data which is a very complex system and everybody has to follow the rule. This is the condition to use the Interpol global network for any kind of activity and wherever the information comes from. So this is not necessarily making anything more difficult for Interpol. This is not. And is Interpol now ready to be part of the policy prescription process. Are you based on your years of experience persecuting cybercrime or best practices ready to share ideas for the emerging digital policy landscape. No not completely. Of course we are historically not designed to fight such a such a dynamic crime type that really requires us for instance to have a much closer cooperation directly with the private sector. Historically Interpol was designed in a way that all the information we receive goes through a national so-called central bureau. So the National Central Bureau received the information from the private sector and is passing it to Interpol. That has changed that's much too slow to address the situation around cybercrime which is fast fast speed. And of course we need to have what we call real time exchange on critical information. Again in the in the years where Interpol was designed we had time to collect evidence. So you could maybe go to the prosecutor to the court then to the embassy then to the next country. So we had time today. Evidence is volatile. It might disappear within seconds or at least hours. So we need to have a direct contact now with a with a private sector. We are currently discussing it with our membership. Of course we have a pilot going on cyber our cyber capabilities are based in Singapore and now with some satellites and other parts of the world. And we have a pilot with almost 20 companies where we from the IT security arena where we directly share relevant strategic information. If it is person related that's a different story different rules but at least to get that global threat picture. So and this is just the way in which we have to further develop our business model in cooperation with the private sector. So much more dynamic much more close and direct. So we have we have been developing a kind of desk by desk approach where we sit together with people from the private sector IT security companies every day and exchange strategic information and in cooperation with member countries we can translate that into operational information that leads to investigations. But a new dynamic is required. And of course a new set of rules and regulations because we are transparent we want to be held accountable for what we do. And any police case hopefully will end up at a court. So there's scrutiny on what we do. Andre you're part of the Global Council on shaping the future of cybersecurity. You're also someone who's a 30 year long experience in this particular segment. And I was speaking to one of you earlier. And the idea was that one of the best responses to technology threats is better deployment of technology. My question to you is how can we use emerging technologies to actually counteract the threats emerging from technology themselves. So how can we use AI blockchains and other. So the first element I would like to insist is that and that's back to the discussion before cybersecurity. It's not one size fit all you have a toolbox. And what is interesting is that in the toolbox you will try to use the best appropriate toolbox tool. So fundamentally if you have a new technology faster you can use it in the way your response to cyber threats better you will be. Now one element that is extremely important is to be able to act at internet speed. Taking back the elements if you have a crime in the real world you have some trace and you are able to work with the tool that you used to have. In cybersecurity speed is absolutely of essence. The speeds when you react but also the speed at which you introduce new type of tools. Take an example of AI and here you don't need to be automatically if you are just doing surveillance you don't need to be automatically 100 percent right. You need to be able to detect what is happening. What you need to be 100 percent right is in the way to resist against an attack. And here there is another asymmetry. Someone that is hacking needs to be just one time right because he will be able to enter the system when he'd try. When you have to defend yourself you have to be close to 100 percent secure. But on the other side when you are trying to monitor what is happening you may have some new tools that will give you a percentage of confidence that do not need to be automatically 100 percent because you will cross check with other tools to see what has exactly happened. And fundamentally it's a funnel of different alerts that you have in order to really realize what is happening. And in this new tool you have naturally AI. Now if we come to blockchain blockchain is a pretty interesting technology not to monitor what is happening but fundamentally to have elements that are secured by design. Now one thing you have to be careful it's not because it's blockchain it's secure because you are also able to do mistake in implementing and you may have some things that is blockchain based but that can be completely insecure. So it's not because you have a great technology on the plate that it will be automatically secure. David let me ask you a question. You serve both the government and the private sector. How different are conversations that you have with these two. I think it's absolutely fascinating and it comes back to a point we were making earlier about demanding better. I find it incredible. I sell a product. It's a fairly straightforward product in that it's trying to create extremely secure access to the web so you can benefit all of the richness of the web. I sell that to governments secure parts of government and I sell it to the private sector. When I sell it to secure parts of government the experts there will want to pull my product apart and they won't want to do it over a day. They'll want to do this over many months putting many years of effort into it and sometimes many many years as well. One process I've been in is is three years long now. When I go to the private sector and I take my product exactly the same product to a bank and I try to put it into the bank to kind of to take it to an extreme they broadly speaking take my my marketing collateral and build their confidence based on that. But they may do some some small automated testing. They may spend a few thousand dollars just trying to do some basic checking but they've basically taken it on trust that I've created my product to that standard which I don't think is a valid way of of determining whether or not your spend is going to be effective. You know there are so many products out there that I don't think are exactly living up to their marketing standards and therefore I think you know it's a strange thing for a vendor to do but I do call on our buyers to challenge us more. And are you beginning to see the emerging part of the world the new digital economies investing in similar solutions. Yeah so I again I think this is where the digital landscape is democratized things quite dramatically. I mean there's no barrier for one kind of nation against another and and also I think there's the opportunity to leapfrog. So if you have a kind of Greenfield site you're trying to build your infrastructure and it's a lower base. You haven't got the essentially the tech and security debt that you've you may have created in more complex more advanced places. And therefore you have the opportunity to build security and by design. And I think what we're starting to see is in some of the the big flagship programs around smart cities etc. Security has been talked about from day one. I'm going to ask all of you a question and you can all come in. In fact two questions. The first would be that we have seen in the last one year two trends that are pretty secular around the world. The first of course is governments are finding new ways to control control the flow of data. Some have also gone to the extent of enforcing data localization. And what does that do to the security landscape. Does the lack of access to data weaken the response to cyber threats. That's one proposition. What does data localization do. The second of course is governments around the world are beginning to focus on the individual. So from the GDPR to the Indian experiment on privacy to the California law we are beginning to see the individual become more protected by legislation. And what does that do to this business of cybersecurity. So who wants to go first. I want to put this pose this question to all of you. I mean I can start by saying it was quite easy. Again we have rules based organization. We need the rules to access data to access information. So both on the national side on the international side. And again the current the problem is fragmentation. So it's not only that we need these rules and regulations on the national level we need a kind of international standard. This creates another level of fragmentation. Exactly. Exactly. So that's the basic issue. But fundamentally this fragmentation is adding complexity and usually if you want to have something that is really secure you need to go for simplicity. So that is not automatically going in the right direction. On the other side you have to measure two things. One element is what is your weakness. And the second element is what are the consequence in case of a breach. And for example some of the rules and regulation on data privacy may limit the consequence if something bad happened. For example if you have some rules that say that you need to erase data after a certain period of time then there is not anymore something to steal in some case. But just to say that there is not a straight answer to that but that is really adding one extra layer of complexity. David. Yeah. So control of data potentially between nation states etc. So I think that has multiple effects. I think it has an incredible complexity for global businesses. How on earth you maintain that complexity. We already have many of those problems but you're just compounding that dramatically. But by the way most of these localization drives by countries are to enhance cyber security national security. That's the that's the word you enhance national security and control. I think yes. I think the other piece is that if you are going to control those boundaries and particularly the flow of information particularly to the citizen you're going to find that citizens are quite innovative and will use technologies in innovative ways. And I think you might drive some behaviors underground and you might find things pop out that you don't expect. Yeah. So you know I think the protection of private data is a crucial and paramount thing. You know I agree we do need some kind of national way of doing it. We need more of a baseline standard or something along those lines. Something with some taxonomy so that we're all speaking the same language about what private data is. I think that's some of the challenges with the local regulations is what private data might mean in GDPR. I think everybody can make assumptions by whereas in California they might be very specific. So I think we need that national understanding and taxonomy for for it to work properly to protect private data and localization. Yeah localization I think is necessary in some cases but it has made it quite challenging especially from a technology perspective. We want to be innovative but we're hindered to do so if we are only allowed to use certain vendors for instance in a certain region because it has to be localized there. So now you have to add one extra element if you take also approach that is agile and where you have speed of evolution that is extremely important in the internet age you need to be able to adapt yourself very quickly. If you add the speeds with the complexity the probability to make errors may be higher and that is something that you should take into account. Before I invite William Dixon head of delivery private sector at the center for cyber security from the World Economic Forum to sum it all up and conclude the session let me pose one question to all of you a quick fire round. One good or one bad thing that could happen in 2020 in the cyber security space. Andre one of the most terrible thing would be a hack on a hospital or some critical infrastructure that can really arm operation and with some casualty. So fundamentally with internet being more and more interconnected with the real world we can have really bad things happen. Now in the positive if I have one dream is that we have a real good example of secure by design how to say solution. Good thing our cooperation with the World Economic Forum Center for Cyber Security. We are talking a lot about the next generation of public-private partnership. So developing a concept until the end of the year how such a the next generation looks like that's the positive thing. The negative thing would be a successful hack into our data. It would be very very negative for the trust. I agree. Have you just raised your sure. So I am I mentioned the Global Future Council. My co-chair Belisario Contreras is actually behind me not on purpose. So we we are actually working with the World Economic Forum to form a sharing alliance. So we're hoping that that will actually help. That's the positive thing. I'm not going to say a negative thing. I'm just going to stick to positive. Okay. With on the negative thing I think we've had a near miss with Microsoft vulnerability that came to space. I think it's inevitable given the frequency with which those vulnerabilities come out something else will happen there. And the extreme would be if that happens with a mass implication. I think the positive thing would be a move a pendulum swing back away from a key focus on monitoring and detection and back to fundamental protection after all prevention is better than cure. Great. So with this, let me hand it over to William to wrap up the session and perhaps to also share his thoughts on what this new alliance is likely to do in the days ahead. Thank you. So I'm William Dixon from the Centre for Cybersecurity. And I think the overarching themes over this conversation as well as the conversations over the last few days is cybersecurity is a shared challenge. And it also is a shared responsibility. And that actually offers real strategic opportunities for building trust in the ecosystem. I think the panel reflects the diversity of actors that you need to be able to build collective resilience and actually in the future. And now we've got real strategic issues to deal with as a community from collective attribution, building collective resilience in key industries, as well as how we incentivize next generation technology and the skills and capabilities that we need. And I think the kind of overarching theme that I've heard is the time to act is now because next generation technology, adversarial use of AI, the role of quantum, the potential of physical convergence of infrastructure in key industries that might take cybersecurity from an enterprise risk to a public safety risk is coming. So when I think about the last few days and what I've heard is I'm excited, but I'm also asking that we need to act now and that the incentive to act is now. So in the closing remarks, I think on behalf of the center, I'd like to thank our panel for the very interesting discussion, as well as the last few days, all the interesting discussions we've had on the strategic topic. And thank you for joining us today as well. Thank you.


We're the only species that knows climate change is happening and why it's happening. I urge you to act now. We need a dress transition away from fossil fuels, but it's you, who are in power and in the boardrooms now. Please act.


The same number of times he comes to visit me I will come to visit him. That's why one of our علماء He goes to the visit of Imam al-Rabaa and he says يبنى رسول الله I don't have any hajj I don't want to ask for anything Except that you fulfill the promise You say that if we come to visit you I need that That's all I want I don't want anything for my dunya This is all I want from you It is غريب الغرباء And we will be one day غريب in our grave, strangers in our grave That's why we need his help We need their shafa'a, we cannot make it without their shafa'a When the news reached that he must leave Madina It was his last day in Madina He was forced to leave it, he could not stay He had no choice It is said he went to the Qabr of رسول الله صلى الله عليه وسلم He sat on the Qabr of رسول الله The whole night crying, weeping He says يا جدا يا رسول الله I'm being forced to leave you I don't want to leave this place But I have no choice, I have to go Some parts of the night he gets up He wants to go back home he couldn't He comes back to the grave, sits again, continues to weep He gets up the second time he couldn't He comes back Then the third time he is forced He goes back home It is said he gathered his family members He gathered the family members And he said let's do a Majlis of عزاء He said for who يا بن رسول الله He said for me Imam رضى عليه السلام In his lifetime Orders his family members to do Majlis of عزاء for him Just like you are participating brothers and sisters tonight God willing, God will accept this Majlis from us As a humble gift to the Imam He says have a Majlis of عزاء for me Why يا بن رسول الله Because when I leave, I'm not coming back again I'm going to die in خراسة So have a Majlis of عزاء They held a Majlis of عزاء For the Imam in his life He was present there They cried, they wept And then he was taken to خراسة Where he only stayed for two years Until Mahmoun's hatred grew so much That he himself poisoned the grapes Or the pomegranate with his own hands And fed them to Imam رضى السلام الله عليه Look at how evil this man was Himself, he poisoned it And he feeds it Imam رضى السلام الله عليه Who again submits to Allah This is what Allah's order is For him to have that poison His time is finished So he submits to Allah And to the command of Allah He eats a few of these dates Or, sorry, grapes or pomegranates Mahmoun says eat more He says this is enough To execute your plot This is enough Your plan will now be executed He goes back home He starts suffering from the pain of the poison He starts hurting him On his last day it is narrated He looked at around his servants He said to them Have you eaten today? On his last day They said to him And who has the appetite to eat When you are in such a state He says that's not right He gets up He says bring the table Bring the food Despite his pain He sits with them He says have another table for the ladies They bring the other table He eats with them Despite his pain That's why one of the titles Of this Imam is The compassionate Imam Even through his pain Through his difficulty He worries about his servants He worries about his slaves He worries that you have not eaten So he sits down and eats with them I say Yabda Rasool Allah We are also your servants We hope to consider us As your servants And you are compassionate To accommodate us as well Then when the pain gets stronger On him He tells one of his companions By the name of Abu Salt Abu Salt Let's go to my room He goes inside his room He says ya Abu Salt Lock the doors This is my final moment Abu Salt says I closed the doors I was alone with the Imam In the room Looking at him In his final moments Bearing the pain of the poison Difficulties At that moment I saw a young boy Entering the room I looked at him And I said And how did you enter here I've locked these gates And he looked at me And said ya Abu Salt The one who brought me from Medina Is the one who allowed me To enter these closed gates Who are you I am Muhammad And I am Ali Al Jawa He comes he throws himself On the body of his father Imam رضا He opens his eyes in his final moments He sees his son On his chest He hugs him He kisses him He gives him his وصية His final will And then he stretches his arms and feet And he says And his soul leaves his body Imam Al Jawad cries أيوا أبتا أيوا مظلوبا أيوا شهيدا أيوا غريبا And he takes care of the gusul And the kafan And the burial of his father Would no one realizing It is Imam Salamullahi Ali Abu Salim And he takes care of the gusul And the kafan Because Imam Salamullahi Abu Salim says I see the Imam doing the gusul And the kafan And the others think that they are doing the gusul And the kafan But it is the Imam I see him And he buries his father Imam رضا غريب In Khurasan I say You opened your eyes You saw your son Al Jawad on your chest You saw your grandfather Abu Abdullah Al Khusad He threw himself On the chest of Ali Al Akbar He saw the body Of his son cut into pieces In front of his eyes He saw him with the chest With the spear in his chest He threw himself On the chest of Ali Al Akbar Crying على الدنيا بعدك العفايا My son I wish I had not lived To see this moment Imam رضا Your son Muhammad Al Jawad عليه السلام To care of your burial And your gusulan kafan But there was no one For Abu Abdullah Al Khusad In Karbala Three days Lying on the plains of Karbala With Zainab looking at his body Crying واجد و محمد This is your Hussein in Karbala Who will bury him و إنا إليه راجع وسيعلم الذين ظلم أي من قلب ينقلبون والعقبة سعيد


Hey, hello, buddies. Thanks for watching. Okay, so this video is called is it even worth it? I think so. I don't know what you're gonna think, but I think it's worth it. When I started my bread and butter series, I was like people are not gonna like this. They're gonna want the big money bolos, but I will tell you what my bread and butter videos get more views than my big money videos. Like people want the items that they can find quickly, easily, and sell for a profit. And in this video, don't turn it off. Watch it all the way through. You might be surprised at how much money I make selling these items that sell for ten dollars or less. And when I say they sell for ten dollars or less, the buyer is paying the shipping. And I typically pay 25 cents, 50 cents, sometimes even 10 cents. These are items that I buy in bundles at garage sales and stuff like that. So I get them super cheap. So if you look at it that way, the margins are fantastic, but no, it's not a $35 item. It's not a $10 or it's not a $25 item. It's a $10 or less item. So items you can find easily at garage sales. Here we go. If you add it all up, it adds up, you guys. Let me know what you think. I'm just gonna try this video.  If you love it, comment below that you love it. And I'm sure there's gonna be a lot of opinions on this. Just be kind. Be nice. There are people that make a living selling ten dollar or less items. I mean, they sell them fast and quick and it adds up, you guys. Alright, let's get started here. Let me get my screen share up. And I definitely want to hear what you guys think down below. Alright, screen share is up. Okay, the first item is this Fisher Price Loving Family Hideaway Bunny. It's vintage from 1996 and I sold this for nine dollars and the buyer paid shipping. This I picked up in a lot of items. So I probably had 10, 15 cents on it. The next item I sold is this Godzilla Toho Trendmasters Monster character from 1994. Again, it's vintage and you can see right there. And he's just a little toy figure and these are super easy to list. I mean, here's my my description is basically my title repeated and pre-owned and then I usually, there we go, I put measurements in the pictures. So super easy, super quick to list and I turned what, 25 cents, 50 cents and to eight dollars in the buyer paid shipping. The next item I sold is this vintage poodle brooch. I think this was a quarter at a garage sale. Honestly, I wasn't gonna list it because it was missing a jewel. And then I was like, you know, it's kind of hard to see. In fact, maybe right there, you see it? It's not super noticeable and I was like, I'm just gonna list it low and just see what happens. And of course it sold. It sold for eight dollars and 80 cents and the buyer paid shipping and it sold pretty quick really for a brooch. The next item I sold are these trifari ear rings. These came from my I bought it on eBay to sell on eBay bulk buy and they are signed. I took a best offer on these for nine dollars and the buyer paid shipping. And again, I probably paid about 10 cents per item for those items. The next item I sold are these bookmarks. They came in a bulk Halloween lock that I bought, so probably 10 cents in them. And I sold these for $7.55 in the buyer paid shipping. The next item I sold is this vintage toe toe plush. I believe this came for, it's the Wizard of Oz dog, if you guys don't know. But he was in kind of rough condition, but I was like, you know, somebody might like may have had that as a kid and they're like, I just want my toe toe. And I'm like, I'm gonna list it. It's from 1995. Definitely well loved and I sold it for nine dollars in the buyer paid shipping. And this I believe came from my I got it free garage sale video. These little baby shoes I sold for eight dollars in the buyer paid shipping. This was a bulk buy at a garage. So I bought a whole tote of baby clothes that were used on dolls. And so they were never worn by a child. So they were all in excellent condition. And yeah, so I just sold them cheap eight bucks buyer paid shipping. Shilay animals. I will sell them individually if I feel like having patients or I will lock them up. I actually have a whole tote of these that I need to get listed. But I know they sell individually for, you know, between eight and $15. So I want to list them individually and I just haven't had they're small and they don't take up a lot of space. So they're just sitting and waiting. But I sold this for seven dollars in the buyer paid shipping. And this one was still tagged. And I should have had a white background. Maybe it would have sold quicker. I don't know. But yeah, Shilay definitely be on the lookout for those. These are Barbie squishy Japan boots for a Barbie doll. And they are vintage and I sold these for eight dollars and 50 cents in the buyer paid shipping. Probably got about 10 cents in them, if that, and I bought them in a bulk buy of Barbie items. This Vera Bradley change purse, I think I paid 50 cents for it at a garage sale. I did take a best offer of six dollars. It was sitting a while and I just wanted to move it and the buyer did pay shipping on that. This little silver in color brooch or pin, you can see it's got the little pin back. And actually I was talking to Donna Telebotolino on the phone and I had, I was having her look at something in my store and she was scrolling through it. Oh, I remember I was telling her I was going to be support that seller Sunday in Dominic's group, the reselling resource center. If you guys haven't checked out that Facebook group, definitely go check it out. He is also known as prime time treasure hunter on YouTube. Definitely check him out there also. But he does support that seller events like crazy in his group where you guys can make money. It's basically the people in the Facebook group support each other by making purchases from each other. It's really a great concept. Definitely go check it out. And I have his YouTube channel link down in the description of the video. I also have Donna Telebotolino's YouTube channel linked below. She has, she does YouTube auctions that are great for resellers. I know you guys have heard me talk about it before. But anyway, she was scrolling through my store probably because she was going to buy something on support that seller Sunday.  And I looked down and she's like, it was her that bought it. So that was kind of cute. But she bought this little angel pen from me. And if you guys know Donna Tele, you know, you know why this was special to her. So definitely go check out Donna Telebotolino and prime time treasure hunter. Again, their links are down below in the description of the video. And the next item I sold was this.  So I did not, I don't know, like 10 cents or probably something in it. And I sold it for asking price of $6.88 and the buyer paid the shipping. All right. So this is from that vintage hair accessories haul that I got, which was also a part of the video, the thrift battle between Donna Telebotolino and I on prime time treasure hunters channel. So you guys can go check out that thrift battle and hear about these hair accessories that I got. This one was super cool. It's a twin bead and it's got the little jacks inside of it. Super cool. But I sold this for $9 and the buyer paid shipping. And I have made so much money on those hair accessories. So go check it out and you can see some of the other hair accessories I got. And you can see who won that round of the battle. The next item is this Hallmark bunnies plush bunny that I picked up at a garage sale for 50 cents. And I sold it for $9 and the buyer paid shipping. The next item I sold this came out of a mystery box. It's a Victoria's Secret key chain and it's discontinued. It's new with tags and I sold this for $10 and the buyer paid shipping and this sold fast. So definitely be on the lookout for those. This loving family twins time baby girl doll. I picked her up in a lot of toys. So, you know, probably 25 cents, 10 cents. I sold it for $8 and 60 cents in the buyer paid shipping. Crown Royal playing cards. I can't remember where I got this, but I probably did not pay much for it. It may have been in a mystery box. Not sure, but I sold these for $7 and the buyer paid shipping. The next item I sold is this Cookie Monster bowl. I believe this was either 25 cents or 50 cents. I picked it up at a garage sale and I sold it for $8 and 60 cents in the buyer paid shipping. And you can see it's kind of got some staining. So I think I could have got more for it if that would have not been there, but it was so $8 and 60 cents. This little free Willy whale PVC figure. It's not in the greatest shape, but I was like, you know, free Willy, you know, people watch that show and then they want the action figures. So I went ahead and listed it separately and it sold pretty quick. I sold them for $8 and 50 cents in the buyer paid shipping. The next item I sold is this. It's a advertising coaster, but it's a ring size or how fun is that? And I got three of them. It was a bunch of coasters that I picked up at a garage sale and I listed these separately because I thought they were kind of cool. And I have sold two of them and I have one left. I sold this for $7 and 65 cents in the buyer paid shipping. And this is one of the items I support sold when I was featured for support that seller Sunday in Dominic's group. So thank you so much if you're watching. I appreciate your purchase. The next item I sold is this mowing home care tread strips. And this is another item that sold during support that seller Sunday. And I know one of my subscribers bought this and I appreciate that so much. And I sold this for $8 and 50 cents in the buyer paid shipping and she said she was doing a bathroom remodel and this was perfect. So awesome. The next item I believe this was also support that seller Sunday and this sold for $10. It's a Hallmark keepsake ornament and it looks like Legos and it's from 1994 and it had the original box. And again, I took a best offer of $10 and the buyer paid shipping. The next item I sold are these McDonald's 2019 Shopkins Cutie Cars Happy Meal Toys. I sold these for $8 and 50 cents in the buyer paid shipping. Again, I picked them up with a bunch of toys probably had 10 cents 15 cents in them. And if you want to see Bolo Happy Meal Toys. Yes, I said Bolo Happy Meal Toys. It is a thing. Go check out my McDonald's Happy Meal Bolo category video. You will be shocked. The next item is this American Girl Kitten.  I took a best offer on this for $10 and the buyer paid shipping. This Bitty Baby book again came with a bulk buy of American Girl stuff. I sold this for $5 and the buyer paid shipping and it's just a little book but you know I probably had 10 cents in it. The next item I sold is this brawl. You guys have heard me talk about this one before. But it is I want to say I average out I pay about $2 to $3 for these and I have sold 111 of them. And when I first got them they were selling for more but I have less sizes available so I've lowered the price. And I sold this for $9 and 26 cents and the buyer paid the shipping. And again if you do 111 times $9 it definitely adds up. The next item I sold are these Reagan and Bush bumper stickers. I actually thought that these were going to be a bolo but they ended up being a bread and butter or would you even list it item. And I sold these for $7 and the buyer paid shipping. The next item I sold is this little tinker bell and she's not very big. You can see her in my hand teeny tiny. I sold her for $5 and 50 cents in the buyer paid shipping and again I probably got like 10 cents in her. The next item I sold is this wild republic kitten and I got to tell you I almost didn't list it. And I was like I'm just going to throw it on there real quick and it sold pretty fast. And it sold for $8 and 50 cents in the buyer paid shipping and it was just in a lot of plush that I picked up. The next item I sold are these panels with Santa on them. They're for like crafters. This was a long tail item. Definitely had to wait on the right buyer for this and it sold for $8 and the buyer paid shipping. But it doesn't take up much space so not a big deal. The next item I sold is the Sesame Street Cookie Monster. I think he was in the 50 cents plush toad at a garage sale. I sold this for $10 and the buyer paid shipping and it's a rattle also super cute. These tokens came in a mystery box and the cash register was with them. But by the time I would box the cash register and all of that I was like the shipping is going to be too much and it's not worth it. So I just sold the coins as replacement coins and I sold them for $8 and the buyer paid shipping. The next item is this Teenage Mutant Ninja Turtle Shredder Talking Action Figure and he's about 7 inches big and it did work. But I could only get it to say silence something silence. Yeah, it just said silence over and over so I don't know if it was broke or what. But I just disclosed that in the title and I took a best offer on this for $9 and the buyer paid shipping. So please take a minute and leave me a comment. Do you think that these items were worth listing? Would you list these items on eBay? Worth it or not worth it? Comment below. As always thanks for watching. Be sure to like, comment, subscribe and share. Go check out Primetime Treasure Hunter and Donna Telebotolino. She has some channels, great content for resellers and if you're looking for inventory, definitely check out Donna Telebotolino. Her auctions are fantastic and she also does auctions on T's channel. Auctions the number four and a capital U. Auctions for you which is also linked down below in the description of the video. Alright you guys thanks for watching.


House destroyed by fire in Grafton, plea hearings set for Shaboygan man accused in infant's death, coffee with the cop coming up again here in Shaboygan. These and other local stories are coming up on this edition of Community News Review. This is Community News Review, a service WSES TV news content provided by WHBL. I'm Maddie Fister, and this is Community News Review for Thursday, December 5th, 2019. Fire destroyed a home in Grafton on Wednesday, but no one was injured. It started just before 5 p.m. at a home located on 585 High Bluff Drive. According to the Grafton Fire Department, something in a bedroom was apparently ignited by a fireplace. Officials say the family inside tried moving the burning items outside, but the high winds just made the fire spread. There were no injuries to the family or to the firefighters, but there were cats inside, and officials are not sure if they made it out safely. The house is considered a total loss and the fire is considered accidental. A plea hearing is set for next week in the case of a Shaboygan man accused of killing an infant 19-year-old Andrew Stevens Walker is accused of causing the injuries that led to the death of a 5-month-old baby last May. He was arrested shortly after Shaboygan police were called out to a home near 11th Street and Indiana Avenue. Following a report of an infant not breathing according to authorities, Walker initially told police that the baby had fallen. Despite his claim, an autopsy later revealed that the death to be a homicide. Walker is charged with neglecting a child with consequence of death. His plea hearing is set for Monday. The Shaboygan Common Council has voted to turn off the power to the storied Shaboygan Armory, citing hazardous conditions that threatened the safety of anyone who needs to enter the building. The armory built in 1941 by the Works Progress Administration has been progressively decaying. Now a high-water table and leaking roof have led to a deteriorating structure and mold so severe that hard hats, goggles and respirators are required for entry. Flooded basement electrical facilities were so hazardous that the power disconnect was essential. Over the years proposals seeking to redevelop and repurpose the building have failed. And now the city is now working to remove the armory from the National Register of Historic Places so devilish it can't move forward. The Shaboygan Police Department wants to have a conversation with you. Anything you say can and may be used to improve things for everyone. This year's final Coffee with a Cop is an opportunity for a friendly exchange of ideas between law enforcement officers and those they serve. The popular series of low-key get-togethers serves to strengthen the ties between public and police to promote understanding and sometimes just to share the gift of the gab. Union Cup at 12th and Union Avenue will host the final event of the year from 8 until 9.30 a.m. next week on Wednesday. A lion energy is asking students who think big and give back to apply for their 2019 innovation scholarships. Up to 25 $1,000 scholarships will be awarded to students based upon their essay that identify a problem in their community and then present an innovative solution using STEM subjects that science, technology, engineering and or math. The applicant's leadership in community services and volunteering GPA and standardized test scores will also be considered. The 2019 innovation scholarships are for first-time undergraduate studies enrollees 24 and under who are either dependent children of a current lion energy customer or a customer themselves. The application deadline is February 17th. And finally business attorneys from three Sheboygan County employers teamed up to host the first Wills for Heroes clinic in the county. About 12 attorneys from Johnsonville, Kohler and Sargento prepared for more than 36 estate plans for the first responders and their spouses. From the law enforcement departments in Kohler, Sheboygan Falls, Plymouth and Sheboygan County. The pro bono clinic was held December 4th at Johnsonville's main campus in Sheboygan Falls. Johnsonville attorney Nate Ganfield says he reached out to his peers at Sargento and Kohler company about collaborating on a clinic locally adding that both organizations showed no hesitation and were thrilled to partner on this. It's obvious we all share the same values and approach to helping our communities, said Ganfield. The legal teams from all three companies contacted the police departments in Kohler, Plymouth, Sheboygan Falls and Sheboygan County Sheriff's departments. Notifying them of the clinic and inviting signups, all available openings were filled quickly. A similar clinic for local fire departments is also in the works for spring 2020, said Hovec. Wills for Heroes is a non-profit program that began after the 9-11 attacks. Designed to provide free, basic estate planning documents in a clinical setting for emergency personnel to protect themselves and their families. The Wisconsin Wills for Heroes program launched in 2009 and is sponsored through the State Bar of Wisconsin. Since its inception, the Wisconsin Wills for Heroes program has completed over 200 clinics and provided free basic estate plans to thousands of first responders. The Sheboygan County effort was also the first clinic held at a corporate headquarters as most clinics are held at police departments or fire stations. And that is our report for today. Join me again on Tuesday for more local news and information on Community News Review.


Hey everyone this is Dan with my first video on Pfizer. Pfizer has been a leading pharmaceutical company for many years. Recently because of COVID-19 and because of Pfizer's success in developing or marketing products to fight COVID-19, the stock price of Pfizer has increased significantly in the last few months. In this video I will explain why I believe there's a lot more room for Pfizer to go up. Let's get into the details. First let's look at how Pfizer stock price has gone up in the last few months. This is the daily chart showing the last 12 months. The candlestick chart is Pfizer and the blue line here is QQQ. The purple line here is SPY. As you can see QQQ and SPY representing the broad market went up impressively at 29% in the last 12 months. But Pfizer jumped up 60% in the last 12 months definitely beating the market. The main reason for the increase in the last couple months was because of the COVID pill and prior to that the increase was due to the COVID vaccine that Pfizer is distributing jointly with BioNTech. The Pfizer COVID pill is supposed to be 89% effective against hospitalization of death which is a very impressive number. And if you look at the chart here when Pfizer made the announcement on November 5th about the effectiveness of the COVID pill, the price already went up for a few days because there's probably some internal news already coming out of Pfizer before the formal announcement. And then after the announcement it continued to go up and then the COVID pill was approved by the EU on December 16th and that certainly caused a big jump during that one day period. And after that the price settled down a little bit and a few days later the COVID pill received approval from FDA. This is the news announcement. Also December 14th it was confirmed that the Pfizer COVID pill is near 90% effective in the final analysis. But more importantly in this particular news article it was reported that the US government has bought 10 million courses of the Pfizer drug for $5.29 billion. In the same article it also said that Pfizer plans to make 80 billion more courses in 2022. 80 million is definitely eight times more than 10 million promise of the US government. And if 10 million is $5.2 billion then 80 million courses will be worth $40 billion and that's going to be a significant increase in sales compared to the current trailing 12-month revenue of $69 billion. And that's why I bought Pfizer shares recently. I'll talk more about that later. If you look at the COVID vaccines certainly the leading vaccine is the one that's being marketed by Pfizer and BioNTech. The vaccine was developed by BioNTech but Pfizer signed a distribution agreement with BioNTech and the two companies are splitting the profit 50-50. Pfizer certainly has derived a lot of revenues and profit from the vaccine. I'll talk more about that in the next few minutes. If you compare the major vaccines now offered by Pfizer, BioNTech, Moderna, Johnson and Johnson, AstraZeneca as far as approval all of them have been approved for people who are 18 years old and older but Pfizer and BioNTech the vaccine having approved actually for people five and older and that's why the Pfizer, BioNTech vaccine has broader coverage than the other vaccines and that's why it's got the most sales potential amount all the COVID vaccines and as we know because of the new variants especially the Omicron variant the world is going to be needing more and more vaccines and that will be good news for Pfizer. If you look at the different COVID treatments the Pfizer COVID treatment Paxilbit is at 89% effective it's definitely the most effective treatment among all the treatments available and these treatments are from Pfizer, Merck, Juliet, GlaxoSmith, Klein, Regeneron, Eli Lilly. They range from 30% to 89% and of course the pills offered by Pfizer and Merck are the easiest to administer and that's why they have great potential except Merck has the effectiveness of only 30% and that pretty much took Merck out of the running. In the meanwhile we read about the news that the COVID treatment from Regeneron and Eli Lilly only have limited effects against Omicron and therefore the Pfizer COVID treatment Paxilbit has very great sales potential. If you look at the top products of Pfizer this is from the Pfizer 10Q report, the quarterly report. The leading drug is definitely the COVID vaccine Comunity. The sales for just one quarter was $12.97 billion and then the next one up is Prefna at $1.4 billion. Next one down is Hybrons at $1.38 billion and then Eloquence at $1.34 billion and so on. These are the leading drugs ranked in terms of revenues. If you look at the patent expiration date some of these drugs are expiring in 2026, 2027 so they still have a runway of at least four to five years and although this particular drug XELJNZ is expiring between 2023 and 2025 the revenue is $610 million. There's a lot of money but it's relatively small compared to the other products here. Now in terms of the COVID treatment Paxilbit it's a combination of a drug by the name of Retonover. The patent is expiring on 2028 which has a runway of six years and then another component which is really new is called the Matt River. That's a new drug developed by Pfizer at this point looks like they are still in the process of applying for patent and that means it's going to have quite a bit of a runway and that's great news because that means Pfizer will be able to derive significant sales from this COVID treatment for many many years to come and as far as sales is concerned for each quarter remember we estimated previously that it'll contribute about up to $40 billion for Pfizer just in 2022 even if you have that that's five billion dollars a quarter and that's going to be a very significant boost to the income of Pfizer and that's why I'm so bullish about Pfizer. If you like what you've seen so far I'd like to encourage you to click the like subscribe and notification button that'll enable you to receive notification when I publish my next video it'll also encourage me to post more videos like this in the future thank you very much let's continue we have a lot to cover if you look at the product development pipeline of Pfizer they have 27 products in phase one 29 in phase two and 29 in phase three and nine it's already in the registration process and that's definitely a very strong product development pipeline and I believe Pfizer will have a steady stream of revenues for many many years to come this is a very good company now let's look at some of the financial figures these are the figures from the better investing stock selection guide database if you look at Pfizer's sales that's represented by the black line here as you can see in the last three quarters their sales have been going up very quickly compared to the industry average which is a blue line here and also commitment murk the orange line and mgen the purple line here definitely they outperform the industry average as well as outperforming mgen and murk and I drew this dotted line to project their sales increase at about 15 a year and that's a very conservative estimate compared to their growth in the last two three quarters that's why i'm comfortable with the 15 sales growth assumption if you look at the ebs definitely very impressive growth in the last three quarters outperforming the industry and outperforming murk and mgen again i drew this very conservative dotted line representing 15 annual growth which is very reasonable compared to the historical record especially compared to the performance in the last two three quarters ever since the outbreak of covid and then if you look at the debt to capital ratio of course the lower the ratio the better you can see that they are being generating a lot of cash paying off debt and that's why the debt to capital ratio has been dipping very quickly performing better than the industry average and better than mgen and murk now there is a way in the better investing database to identify whether a stock is a buy hold a sell status and based on my assumption a high p ratio of 30 and a low p ratio of 12.7 and based on the eps growth the stock selection guide database says it's definitely in the buy range actually it's going to be in the buy range as long as it's less than 81.60 at least that's one way of looking at it let's look at another way of evaluating the company first of all i compared a leading pharmaceutical companies look at their market cap and look at their p ratios as you can see here johnson and johnson is the biggest one in terms of market cap and five series the second biggest pharmaceutical company in terms of market cap at $332 billion definitely it's a very big company the trailing p ratio is 16.9 which is not excessively high compared to these other pharmaceutical companies which have p ratios ranging from 32 all the way down to eight i use the assumption of 15 percent earning growth remember we showed that in the previous chart from the better investing stock selection guide database and that's a very conservative assumption and then using the 16 average forward p ratio which is equivalent to the current p ratio of 16.9 and then i use the current trailing 12 month financial figures for earnings for p ratio for market cap and stock price and then based on the earning growth rate i extrapolate the stock prices for the end of 2021 2022 and 2023 so i have a range of between $57 and $76 with this range i decide to pick my target at $70 a share to be achieved by the end of june 2022 let's look at the other endless opinions also today december 27th the closing price of Pfizer is at $59 and 20 cents my target is at $70 by the end of june 2022 tip ranks calm gives them a moderate buy rating with a high target of $75 average target of 56 and low target of 44 cn and money gives them a hold rating with a high target of 75 median target of 55 and low target of 44 the street.com gives them a buy rating a minus which is a very nice rating and with a price target of $78 a share loose never layer gives them the overall rating of a which is a very strong buy rating and quantitative rating of a and fundamental rating of b definitely that's a very positive rating from loose never layer let's look at the chart this is the daily chart for Pfizer as we can see we have a nice upward training channel here with the rsi indicator we see an overbought situation a few days ago i'm sure enough the price started to drop a little bit at this point we are at about five percent below the all-time high emi has been bullish ever since the beginning of november macd has been bullish since december 13 and most recently it's approaching the zone where it's going to be maybe becoming bearish in the next day or so if the trend continues so we've got to watch out for that now if you look at the weekly chart it tells a very interesting story of course we see the rising trend here in the last six seven weeks but if you look at rsi it's at a very high level now compared to the rsi values since the end of 2020 at this point i won't be surprised if the price starts to go sideways for a few weeks before it picks up again or it might even go down a little bit until the rsi gets to between about 50 or 60 and then it will resume the upward momentum again like what happened here and that's why at this point even though i bought some 500 shares i will not be buying a lot more until i see the weekly rsi value get below 70 or close to 60 if you look at dmi has been bullish since march and macd has been bullish since the beginning of november but again gotta be mindful of the very high rsi value here this might not be a good time to buy a lot more shares let's look at the hourly chart you can see this triangular pattern and typically with a triangular pattern when the price approaches the tip of the triangle it'll either break up or break down when it gets to the tip of the triangle it might go down a little bit before it starts to turn up again just so that it'll allow the weekly rsi to cool off a little bit if you look at dmi value it's already bearish and macd it was bullish pre-market today and if you look at macd it turned bullish during pre-market today although dmi is already bearish so i'll be very careful let's look at the support and resistance levels i've drawn the fibonacci extension diagram here using the closing price of december 8th as the minimum point and the closing price of december 16th as the maximum point and for support the next level of support will be at the middle of the boling band 20 period simple moving average at 55 the next level of support will be the 50-day moving average the blue dash line at $50 a share and the next level support will be the lower boling band at $49 a share for resistance the next level resistance will definitely be the all-time high of 61.7 and then the next level resistance will be at 23% fibonacci extension of $63 a share and then the next level of resistance will be fibonacci 38 extension at $65 a share i'll be watching these support and resistance levels very carefully what are my strategies first of all i already bought shares on november 18th and i'm seeing a 16 percent pay-per-gain already i'm still holding on to those shares i just bought more shares today during pre-market and i informed my twitter subscribers about that right after i bought the shares i will be mindful of the high rsi value on a weekly chart in general i would buy the stock when it bounces from a support level or breaks above a key resistance level or when positive news develops and i will sell the stock when it drops at a key resistance level or drops at a key support level or whenever news develops well five sir because i'm bullish on a company for the long term i'll be definitely holding some shares for the long term i'll be swing trading the rest of the shares to maximize my profit i will monitor any news related to the company and i'll be mindful of broad market because if the broad market is going to sink it's difficult for any particular stock to go up and vice versa i'll inform my twitter subscribers when i buy or sell shares or when major news develops at this point i'd like to remind you to subscribe to my twitter account which is danmarketl for example on november 18 i tweeted that i just bought pfe shares because feiser said it entered agreement to supply the u.s government with 10 billion courses of the coveton pills at 5.29 billion dollars and right after i read this news at that point i had not even analyzed feiser in details yet but just on that news i figured that it's a good opportunity to go in and buy and that's why i bought some shares and then this morning when i did a little more analysis on feiser i decided to buy more shares this first batch feiser shareboard already is seeing 16 percent gain so far again i'd like to encourage you to click the like subscribe and notification button as usual i will very much welcome your comments questions and suggestions let me recap my prediction i expect feiser to reach 70 dollars or above before the end of june 2022 and the current price is 59.20 i'd like to inform you that i'm not a financial advisor i share my stocks trading strategies and analyses for entertainment and educational purposes only if you want to buy or sell stocks you should make your home decisions and you should definitely consult with your financial advisor before you do so this wraps up my video for now i will chat with you again in the next few days in the meanwhile i'd like to wish you the very best of luck with your financial investments