The First Vaccine May Not Be the Best
Prognosis: Misconception
Bloomberg
4.1 • 838 Ratings
🗓️ 17 July 2020
⏱️ 15 minutes
🧾️ Download transcript
Summary
An experimental Covid vaccine from Australia joined almost two dozen candidates in clinical trials this week. Development-wise, it’s months behind some of the frontrunners. Jason Gale explains that speed isn’t everything when it comes to fighting the pandemic.
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| 0:00.0 | The forces shaping markets and the economy are often hiding behind a blur of numbers. |
| 0:04.8 | So that's why we created The Big Take from Bloomberg Podcasts, to give you the context you need to make sense of it all. |
| 0:11.5 | Every day in just 15 minutes, we dive into one global business story that matters. |
| 0:16.1 | You'll hear from Bloomberg journalists like Matt Levine. |
| 0:19.1 | A lot of this meme stock stuff is, I think, embarrassing to the SEC. |
| 0:23.3 | Follow the Big Take podcast on the IHeart Radio app, Apple Podcasts, or wherever you listen. |
| 0:32.0 | Welcome to Prognosis. |
| 0:34.3 | I'm Laura Carlson. |
| 0:36.1 | It's day 128 since coronavirus was declared a global pandemic. |
| 0:41.9 | Today's main story, much has been made about the race to develop a vaccine and who will win it. |
| 0:50.7 | But being first isn't the only thing that matters in the rush to inoculate us from COVID-19. |
| 0:59.4 | But first, here's what happened in virus news today. |
| 1:07.7 | All of the U.S. government programs set to offset the economic hit from the coronavirus are about to expire. |
| 1:16.7 | More than $2 trillion in government spending was approved to support hard-hit businesses and unemployed people earlier this year. |
| 1:26.4 | Now, leaders face an urgent set of decisions about whether to extend history's biggest rescue effort. |
| 1:35.3 | The Trump administration wants another relief bill, with a price tag of no more than $1 trillion |
| 1:43.3 | before lawmakers leave for summer recess in early August. |
| 1:48.2 | The Democrat-controlled House already approved additional measures |
| 1:52.1 | worth $3.5 trillion, but Republicans, who have a Senate majority, oppose many of them. |
| 2:05.1 | New York City is ready to enter the fourth and final phase of reopening Monday, Mayor Bill de Blasio said. Zoos, botanical gardens, and outdoor movie production |
| 2:12.4 | can resume, but indoor dining, museums, and malls will remain closed. |
| 2:20.0 | Hospitalizations in the state of New York dropped to a four-month low, |
... |
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