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Prognosis: Misconception

Trump's Dream of an Ultra-Fast Vaccine is Crushed

Prognosis: Misconception

Bloomberg

Health & Fitness, Science

4.1838 Ratings

🗓️ 7 October 2020

⏱️ 15 minutes

🧾️ Download transcript

Summary

The U.S. Food and Drug Administration has been working for months to hammer out clear standards for vaccines seeking fast-track approval. Yesterday, The agency made a series of moves that all but assured that a shot won’t be widely available by Election Day. Senior editor for Health Care Drew Armstrong explains what that means for a fast vaccine, and for Trump’s re-election.

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Transcript

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0:00.0

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0:07.3

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0:33.8

Welcome to Prognosis. I'm Francesco Levy. Laura Carlson is out. It's day 210 since coronavirus was

0:42.4

declared a global pandemic. Today's main story. This week, regulators took steps that made it all

0:49.9

but impossible for a vaccine to be released to the public before it's been thoroughly tested.

0:55.3

That dashed President Trump's hopes of a pre-election inoculation,

1:00.6

and put on display the tense relationship between the White House and federal health agencies.

1:06.6

But first, here's what happened in virus news today.

1:22.6

President Donald Trump's sudden decision to walk away from stimulus talks with Democrats probably killed the chances of a relief package before the November election.

1:28.3

Even though hours later, Trump sent tweets that appeared to reverse course, any aid to struggling

1:33.5

Americans and businesses might now be delayed until 2021.

1:38.2

That has put the economic rebound at risk of stalling in the fourth quarter, economists

1:42.0

say.

1:43.9

And it could leave the Federal Reserve under

1:45.7

pressure to provide more support. Economists say, growth will likely slow and the economy will be

1:53.6

even more vulnerable to another shock. Today, U.S. House Speaker Nancy Pelosi signaled in a call with Treasury Secretary Stephen

2:02.7

Mnukin that she was open to a standalone airline relief bill without a comprehensive package.

2:10.7

Indianapolis-based pharmaceutical giant Eli Lilly is seeking emergency authorization of the

2:16.5

treatment it's developing with Canadian

2:18.2

biotech Absalera Biologics. The authorization, from the Food and Drug Administration,

...

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