Bill Gates: Governments Should Invest Billions To Battle ‘Once-In-A-Century’ Pathogen – Forbes

Posted: February 29, 2020 at 4:45 am

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Bill Gates in 2018.

Topline: Bill Gates wrote in a Friday op-ed that in order to stop pandemics, governments and the private sector should invest billions, calling it a bargain in contrast to the economic pain caused by the coronavirus, which continues to spread and pummel markets around the world.

Crucial quote: In the past week, COVID-19 has started to behave a lot like the once-in-a-century pathogen weve been worried about, wrote Gates. I hope its not that bad, but we should assume that it will be until we know otherwise.

Big number: $100 million. Thats how much money the Gates Foundation committed on February 5 to fight coronavirus, a ten-fold increase on the $10 million the organization had committed to in January. The funds are earmarked for vaccine research and treatment, in addition to aiding developing countries.

Key background: By the time Gates published his op-ed Friday, over 88,000 people worldwide had been sickened by coronavirus, while over 2,800 have died. The World Health Organization raised the global risk for coronavirus on Friday to very high, its most severe level. WHO also said that at least 20 different vaccines for coronavirus are in development, and expects some initial results within the next few weeks. Gates predicted large-scale vaccine trials could kick off as soon as June. Meanwhile, at least $5 trillion has been wiped off global markets as investors react to the ongoing coronavirus panic.

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Bill Gates: Governments Should Invest Billions To Battle 'Once-In-A-Century' Pathogen - Forbes

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February 29th, 2020 at 4:45 am

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