Bill Gates announced today a major change to his philanthropic Gates Foundation,

a doubling of their giving to more than over $200 billion over the next 20 years,

when the foundation will close its doors permanently in December of 2045.

Gates and then-wife Melinda French Gates created the Foundation 25 years ago and have given more than

$100 billion since then, dramatically reshaping the global public health landscape.

The announcement comes at a moment of significant cuts to foreign aid from the U.S. and other nations,

including to vital programs that fight disease and malnutrition.

Joining me now from New York is Bill Gates and the Foundation's CEO, including to vital programs that fight disease and malnutrition.

Joining me now from New York is Bill Gates and the Foundation's CEO Mark Sousman,

and a note that the Gates Foundation has previously been a funder of the News Hour.

Gentlemen, welcome to you both.

Thank you so much for joining us.

So Bill Gates, I want to begin with you this doubling down, quite literally, on your philanthropy,

giving away virtually all of your wealth over the next 20 years. Why this decision and why now?

Well, as I contemplated this year, where I'm turning 70 and Microsoft turned 50, and we've had 25 years of amazing work

at the Gates Foundation.

I thought, you know, why not bet on the team we have

and get all the way to elimination for a lot of these diseases?

Our pipeline of innovations is better than ever, whether that's vaccines

or using AI to do health delivery. And so we're going to do as much as we can. And it's very exciting

that we can probably do more good in the next 20 years than

the last 25, where we surprised ourselves with how much we were able to achieve.

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