“The news about a potential COVID-19 vaccine raises hope and buoys markets when it arrives. In order to speed up the time from research to market, the Trump administration quickly launched Operation Warp Speed, led by the Department of Health and Human Services and the Department of Defense. It aims to deliver 300 million doses of a safe and effective vaccine for COVID-19 by January 2021, preceded by a report by the president’s Council of Economic Advisers (CEA) in September 2019 demonstrating the value of rapid vaccine production during a pandemic. The $10 billion investment has put money into speeding up vaccine candidates from, among others, Johnson & Johnson, Pfizer, Moderna and AstraZeneca—developed in conjunction with the University of Oxford.”
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