Coronavirus: Billionaire Gates's foundation to focus exclusively on virus

"We've taken an organisation that was focused on HIV and malaria and polio eradication, and nearly entirely shifted it to work on this", he said according to the FT. "So-called "animal spirits" are going to be hard to find, other than government largesse".

The Bill and Melinda Gates Foundation has an endowment of $US46.8 billion.

Businessman and philanthropist Bill Gates, through the Bill and Melinda Gates Foundation, brings together experts to collaborate in solving tough problems like the pandemic we face today.

Gates estimates that vaccination could begin within 18 months, even though that interval might be a whole lot shorter or more - as long as two decades from today or just as small as nine months.

"This has the foundation's total attention", Gates told the FT. Based on this interview, Gates seems to essentially expect that as something of a matter of course for high-profile individuals, however, and it doesn't appear to be impacting the foundation's ability to focus on potential fixes.

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And the contradictions go both ways. "Didn't want to answer questions that the reporters had prepared". EDT, the network's Jim Acosta said the president had put out some "very questionable ideas".

Asked what he thinks about moves toward reopening by some states such as Georgia, Gates said he is "afraid we'll have some people and some states that move too quickly and have to back off". "Fewer people able to show up for routine immunization or supply chains for immunization not working well, that's hundreds of thousands of deaths right there".

"... The fact we're in this together, fixed testing, treatments, and get that vaccine, and minimize the trillions of dollars and many things you that you can't even dimensionalize, in economic terms, that are terrible about the situation we're in". It is also funding research for a vaccine.

He is convinced we are not likely to be cooped up for more.

Gates has been warning about the risk of a pandemic disease for years, stating that a global health crisis like coronavirus could wipe out 30 million people in less than a year.

The additional $150 million came after Gates slammed President Trump's decision to halt funding to the World Health Organization during an ongoing investigation into its response on the pandemic, saying it "is as unsafe as it sounds". He called the accusations ironic, after his foundation has spent decades funding and leading research into understanding and protecting against risky diseases, though he said he doesn't believe a "meaningful" number of people believe them. "1 way forward, by way of instance, "is when we get wonder therapeutics which are more than 95% cure rate", Gates told Colbert, including the caveat that" We cannot count on that.

  • Sonia Alvarado