Caixin China Biz Roundup: Behind Cathay Pacific’s Mammoth Bailout

In today’s episode: Hong Kong government takes stake in airline as part of $5 billion recapitalization plan; China kicks off the world’s first ever trials of neutralizing antibody treatments on healthy people amid the race to develop treatment for Covid-19; and how the U.S. will very likely end up owing Huawei money despite efforts to drive the company out of its 5G networks