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☆ RFK Jr. is Trump's pick to lead HHS — here's what he could do with that power
▼ + stars: | 2024-11-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +13 min

Kennedy will likely have some influence over who the president-elect chooses for those roles, health policy experts said. Ultimately, Kennedy's influence over immunization policy could lead to an increase in diseases preventable by vaccines, several health policy experts told CNBC. Investors are already bracing for a crackdown on food policy, with shares of processed food companies, such as Pepsi and Coca-Cola , falling on Friday. Seigerman said "there is little precedent in recent history for HHS policy dictating or affecting FDA regulation or approval of drugs." In 2023, pharmaceutical companies spent nearly $3 billion on advertising for the 10 most promoted drugs.

Persons: Robert F, Kennedy Jr, Thomas Machowicz, Donald Trump, Kennedy, Trump, trifecta, Spokespeople, Brandon Guerrero, Christina House, Gostin, Josh Michaud, Lawrence Gostin, Michaud, he's, Genevieve Kanter, Kanter, Covid, Richard Frank, Frank, Evan Seigerman, Seigerman, Dave Latshaw, Latshaw, Drugmakers, Joe Biden's, Amy Campbell Organizations: Reuters, Department of Health, Human Services, Republican, HHS, Affordable, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Centers, Medicare, Services, CNBC, CVS, Los Angeles Times, Getty, Health Defense, NBC News, FDA, NPR, Georgetown University, CDC, Vaccines, Children, Kennedy, NIH, University of Southern, Brookings Schaeffer Initiative, Health, pharma, RFK, BMO Capital, Pepsi, Trump, University of Illinois Chicago School of Law Locations: Phoenix , Arizona, U.S, Compton, Huntington Park, Kennedy ., University of Southern California

☆ Yellen to warn that sweeping tariffs are ‘deeply misguided’ in swipe at Trump
▼ + stars: | 2024-10-17 | by ( Arlette Saenz | ) edition.cnn.com time to read: +3 min

CNN —Treasury Secretary Janet Yellen is set to warn that proposals for sweeping tariffs are “deeply misguided,” would ramp up inflation and hurt American businesses, offering a clear critique of former President Donald Trump’s economic policy. “Calls for walling America off with high tariffs on friends and competitors alike or by treating even our closest allies as transactional partners are deeply misguided,” Yellen will say, according to excerpts released by the Treasury Department. “But the issues we face today, from broken supply chains, to climate change and global pandemic preparedness, to China’s industrial overcapacity, also mean we cannot simply draw from an old playbook.”Trump implemented sweeping tariffs on about $300 billion of Chinese-made products while in office. He’s also said he would implement a “100% tariff” on countries that shift away from using the US dollar. “To me, the most beautiful word in the dictionary is tariff,” Trump said at the Economic Club of Chicago on Tuesday.

Persons: Janet Yellen, Donald Trump’s, Trump, Kamala Harris, “, walling, ”, ” Trump, Biden, He’s, John Micklethwait, CNN’s Jordan Valinsky Organizations: CNN, Council, Foreign Relations, Trump, walling America, Treasury Department, Economic, of Chicago, Bloomberg Locations: New York City, Ukraine

☆ Bill Gates on the No. 1 thing that keeps him up at night: 'If we avoid a big war...there will be another pandemic’
▼ + stars: | 2024-09-09 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Billionaire philanthropist Bill Gates has spent the past couple decades warning the general public about ominous issues, from upcoming "climate disasters" to devastating cyberattacks. "A lot of unrest" in today's world could spark "a major war," he tells CNBC Make It. And even "if we avoid a big war ... then, yes, there will be another pandemic, most likely in the next 25 years." "The country that the world expected to lead and be the model fell short of those expectations," Gates says, referring to the United States. While some progress has been made, with increased spending on pandemic preparedness in the U.S. and elsewhere, Gates says the global response hasn't yet been enough.

Persons: Bill Gates, Gates, it's, that'll, Anthony Fauci, Fauci Organizations: CNBC, Netflix, National Institute of Allergy Locations: Gates, United States, U.S

☆ Opinion: The next pandemic threat demands action now
▼ + stars: | 2024-04-17 | by ( Opinion Jaime M. Yassif | ) edition.cnn.com time to read: +9 min

Well, so far US officials are saying they believe there is minimal risk to the public from the latest iteration of bird flu. According to the Global Health Security Index, there are significant gaps in countries’ pandemic preparedness capabilities. Given the impact of Covid, it is deeply disappointing that national governments are not investing the necessary resources to build life-saving pandemic preparedness capacity. Making matters worse, Congress has made major cuts to pandemic preparedness funding, as part of the ongoing appropriations process. Playing the long game also means supporting the World Bank Pandemic Fund, which is designed to invest in long-term pandemic preparedness capacity of low- and middle-income countries.

Persons: Jaime M, Yassif, ”, —, we’ve, US Department of Agriculture —, It’s, Biden, Covid Organizations: Global Biological Policy, Nuclear Threat Initiative, CNN, Yassif Nuclear, US Centers for Disease Control, Prevention, US Department of Health, Human Services, CDC, US Department of Agriculture, Global Health, Brown, Pandemic Center, Gates Foundation, NTI, Johns Hopkins Center for Health Security, Global Health Security, Bank, Fund, pandemics Locations: Texas , Kansas, Texas, Colorado, Covid, United States

☆ Five senators ask Biden to impose China travel ban after respiratory illness cases
▼ + stars: | 2023-12-01 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

REUTERS/Evelyn Hockstein/File Photo Acquire Licensing RightsWASHINGTON, Dec 1 (Reuters) - Five Republican senators led by Marco Rubio on Friday asked President Joe Biden's administration to ban travel between the United States and China after a spike in Chinese respiratory illness cases. In recent months, the United States and China have been steadily increasing flights between the countries, that are still far below 2019 levels. The United States lifted the unprecedented travel restrictions for fully vaccinated international visitors starting in November 2021, including from China. The United States rescinded a separate requirement air travelers test negative before arriving in June 2022. The United States in January started requiring air passengers to get negative COVID tests after Beijing's decision to lift its stringent zero-COVID policies and lifted the requirements in March.

Persons: Joe Biden, Evelyn Hockstein, Marco Rubio, Joe Biden's, Rubio, Maria Van Kerkhove, Donald Trump, David Shepardson, Chizu Organizations: CS, REUTERS, Rights, Republican, Friday, Senate Intelligence, World Health Organization, China, Program, Embassy, Thomson Locations: Pueblo , Colorado, U.S, United States, China, Washington, States

☆ 2 reasons China's mysterious respiratory illness outbreak isn't the new COVID, according to the WHO
▼ + stars: | 2023-11-28 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Parts of northern China have seen a surge in children with respiratory illnesses. The WHO requested more information from Chinese health officials, who said common bugs are the cause. AdvertisementCases of respiratory illness among children in northern China have surged in recent weeks, but it's unlikely this is the start of a new pandemic, according to the World Health Organization. The WHO has been monitoring an increase in respiratory illness among children in northern China since mid-October. Advertisement2) The illnesses are not caused by a new virusChinese health officials said that the outbreak of respiratory illness is caused by known pathogens.

Persons: —, Maria Van Kerkhove, COVID, Van Kerkhove, François Balloux, Hilary Brueck, pneumoniae Organizations: WHO, Service, World Health Organization, UCL Genetics Institute Locations: China

☆ China's respiratory illness surge not as high as pre-pandemic- WHO official
▼ + stars: | 2023-11-27 | by ( Andrew Silver | ) www.reuters.com time to read: +1 min

SHANGHAI, Nov 27 (Reuters) - The spike in respiratory illnesses that China is currently going through is not as high as before the COVID-19 pandemic, a World Health Organisation official said, reiterating that no new or unusual pathogens had been found in the recent cases. And the waves that they’re seeing now, the peak is not as high as what they saw in 2018-2019," Van Kerkhove told health news outlet STAT in an interview on Friday. China's National Health Commission spokesperson Mi Feng said on Sunday the surge in acute respiratory illnesses was linked to the simultaneous circulation of several kinds of pathogens, most prominently influenza. The WHO said on Friday no new or unusual pathogens had been found in the recent illnesses. Reporting by Andrew Silver; Editing by Miyoung Kim and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Van Kerkhove, Van Kerkhove, Mi Feng, Andrew Silver, Miyoung Kim Organizations: Health, World Health Organization, China, Program, WHO, Thomson Locations: SHANGHAI, China, Wuhan

ROME (AP) — Rome prosecutors asked a judge Thursday to effectively close an investigation into Italian and U.N. health officials over Italy’s 2020 Covid-19 response without charges, on the grounds that no crimes were committed, a lawyer said. Already prosecutors had closed their case without filing charges against three of Italy’s past health ministers. Guerra had been the former head of the department of prevention in the Italian health ministry until 2017 and was a WHO envoy to Italy during the pandemic. De Vita said prosecutors determined the pandemic plan was in the process of being updated. He welcomed the decision to archive the case, saying it should have been closed two years ago as soon as Guerra provided documentation to prosecutors showing he had acted correctly.

Persons: — Rome, Claudia Terracina, Paolo Ielo, Dr, Ranieri Guerra, Roberto De Vita, Francesco Zambon, Guerra, Vita Organizations: ROME, World Health Organization, WHO Locations: Europe, Bergamo, Italy

☆ Sam Bankman-Fried's trial to test dueling explanations for FTX’s collapse
▼ + stars: | 2023-09-26 | by ( Luc Cohen | Thomson Reuters | Reports On The New York Federal Courts. Previously Worked As A Correspondent In Venezuela | ) www.reuters.com time to read: +6 min

He plastered FTX's logo on a basketball arena in Miami and on MLB baseball umpires' uniforms. Prosecutors say Bankman-Fried directed Wang to change FTX's computer code to allow Alameda to borrow unlimited sums of money, a privilege other exchange users lacked. Bankman-Fried's defense lawyers have indicated in court papers that they plan to challenge the credibility of all three witnesses. "The question is, when did Bankman-Fried know that there wouldn't be enough money?" Reporting by Luc Cohen in New York; Editing by Amy Stevens and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.

Persons: Sam Bankman, Eduardo Munoz, Fried, Jane Street, FTX, Damian Williams, Forbes, Bankman, It's, Mark Kasten, Buchanan Ingersoll, Rooney, Caroline Ellison, Gary Wang, Nishad Singh, Wang, Singh, Ellison, District Judge Lewis Kaplan, Paul Tuchmann, Wiggin, Dana, Luc Cohen, Amy Stevens, Daniel Wallis Organizations: REUTERS, U.S, Wall, Alameda Research, MLB, Prosecutors, Attorney, Bankman, Alameda, District, New York Times, Thomson Locations: New York, U.S, Manhattan, Miami, Alameda, Bahamas

NEW YORK (AP) — If another pandemic happens, the world will again be unprepared. That’s the bleak assessment of former New Zealand prime minister Helen Clark, who co-chaired the Independent Panel for Pandemic Preparedness and Response, after the U.N. General Assembly held a high-level summit aimed at heading off another pandemic. Other pandemic experts who tracked months of negotiations on the 13-page declaration adopted by the assembly’s 193 member nations were disappointed, too. “I think it’s fair to say that the declaration is a missed opportunity,” Clark said in an interview with The Associated Press on the sidelines of the General Assembly's high-level leaders' meeting. Clark also ticked off the catastrophic economic impacts of the pandemic: a $25 trillion loss to the global economy, and debt and default enveloping many developing countries.

Persons: Helen Clark, ” Clark, Nelson Mandela, Clark, “, Adhanom Ghebreyesus, wasn't, Antonio Guterres, ” Guterres, Ellen Johnson Sirleaf, ”, “ We’ve, Edith M, Lederer Organizations: New, Pandemic Preparedness, General Assembly, Associated Press, Health Organization, Pandemic, Liberian, General, The Associated Press Locations: New Zealand

WASHINGTON, July 21 (Reuters) - The White House on Friday launched an office to prepare for and respond to potential pandemics, to be led by Paul Friedrichs, a military combat surgeon and retired Air Force major general who helped lead the Pentagon's COVID response. The new Office of Pandemic Preparedness and Response Policy will also take over the duties of President Joe Biden's current COVID-19 and mpox response teams, the White House said. Friedrichs is currently special assistant to the president and senior director for Global Health Security and Biodefense at the White House National Security Council. The White House had been expected to cut down its COVID response team after the U.S. government in May ended its COVID Public Health Emergency. In June, the White House announced the departure of Ashish Jha, the last of the Biden administration's rotating COVID response coordinators.

Persons: Paul Friedrichs, Joe Biden's, Biden, Friedrichs, Ashish Jha, Kanishka Singh, Alison Williams Organizations: Air Force, of Pandemic, Global Health Security, White House National Security Council, White, U.S, White House, Biden, Thomson Locations: United States, Washington

☆ Yellen's China visit aims at 'new normal' with Beijing
▼ + stars: | 2023-07-05 | by ( Andrea Shalal | ) www.reuters.com time to read: +6 min

Chinese officials are concerned about the Biden administration's plans to limit U.S. companies' China investments and what they see as moves to decouple the two economies. "There is no substitute for diplomacy," said one senior administration official. "Secretary Yellen’s trip is more than a step toward preparation for a potential Biden-Xi meeting at APEC. Despite the cooling relations, trade between the U.S. and China grew in 2022 for the third year in a row, U.S. Commerce Department data show. Two other Cabinet secretaries, Commerce chief Raimondo and U.S. Trade Representative Katherine Tai, met in May with Chinese Commerce Minister Wang Wentao.

Persons: Janet Yellen's, Biden, COVID lockdowns, Antony Blinken, Xi Jinping, Wu Xinbo, Yellen's, Gina Raimondo, Derek Scissors, Yellen, Russia's Wagner, Joe Biden, Xi, Scott Kennedy, Jake Colvin, Donald Trump, Colvin, Lifeng, Liu He, Raimondo, Katherine Tai, Wang Wentao, Andrea Shalal, Michael Martina, Lun Tian Yew, Dan Burns, Heather Timmons, Andrea Ricci Organizations: . Treasury, China's Fudan University, American Enterprise Institute, U.S, Economic Cooperation, Biden, APEC, Center for Strategic, International Studies, Foreign Trade, . Commerce Department, Treasury, . Trade, Chinese Commerce, Thomson Locations: China, Russia, U.S, Beijing, Ukraine, United States, Asia, San Francisco, Washington, Zurich, Wang Wentao .

[1/3] A nurse prepares to administer the AstraZeneca/Oxford vaccine under the COVAX scheme against the coronavirus disease (COVID-19) at the Eka Kotebe General Hospital in Addis Ababa, Ethiopia March 13, 2021. REUTERS/Tiksa Negeri/File PhotoLONDON, June 26 (Reuters) - Several billions of dollars left in a scheme to deliver COVID-19 vaccines to the world’s poorest could be diverted to prepare for other pandemics or to support vaccine manufacturing in Africa, the scheme's partners said. The initiative is set to wind up at the end of this year, although some of its work will continue. With demand for COVID-19 vaccines dwindling, the partners are now working out how best to use the remaining cash – a significant sum in global health – alongside the donors who originally pledged it. Another idea that has gained traction is to use some of the money to boost vaccine manufacturing in Africa, Saraka-Yao said.

Persons: drugmakers, ”, Marie, Ange Saraka, Gavi’s, Yao, Melinda Gates, ” Saraka, Gavi, Muhammad Ali Pate, David Marlow, Seth Berkley, Jennifer Rigby, Christina Fincher Organizations: AstraZeneca, Oxford, REUTERS, Tiksa, Gavi, Vaccine Alliance, World Health Organization, WHO, Coalition for, Reuters, Melinda Gates Foundation, Thomson Locations: Addis Ababa, Ethiopia, Africa, COVAX, United States, Germany, Nigeria

☆ Explainer: What is the 'Bridgetown Initiative' asking for at Paris summit?
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +4 min

[1/2] An aerial view shows the Seine River and the skyline of La Defense financial and business district near Paris, France, June 19, 2023. REUTERS/Stephanie LecocqPARIS, June 22 (Reuters) - President Macron hosts a summit in Paris starting Thursday to discuss reform of the world's multilateral finance institutions in the face of climate change and other development challenges. A key topic of discussion will be suggestions from a group of developing countries, led by Barbados, dubbed the 'Bridgetown Initiative'. They should simplify and harmonise the way countries can apply to access loans across the world. The international financial institutions should also finance development plans that help protect shared resources.

Persons: Stephanie Lecocq PARIS, Macron, Simon Jessop, Leigh Thomas, Christina Fincher Organizations: La Defense, REUTERS, Bridgetown Initiative, Monetary Fund, Rapid, IMF, World Bank, African Development Bank, Development Association, Growth Trust, Resilience, Sustainability Trust, World Trade Organisation, International Financial, Thomson Locations: Paris, France, Barbados, Bridgetown

☆ Explainer: What is the 'Bridgetown Initiative' asking for at Paris financial summit?
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +5 min

[1/2] An aerial view shows the Seine River and the skyline of La Defense financial and business district near Paris, France, June 19, 2023. REUTERS/Stephanie LecocqPARIS, June 20 (Reuters) - President Macron hosts a summit in Paris this week to discuss reform of the world's multilateral finance institutions in the face of climate change and other development challenges. A key topic of discussion will be suggestions from a group of developing countries, led by Barbados, dubbed the 'Bridgetown Initiative'. Simplify and harmonise the way countries can apply to access loans across the world, and provide more support in the process. The international financial institutions should also finance development plans that help protect shared resources.

Persons: Stephanie Lecocq PARIS, Macron, Simon Jessop, Leigh Thomas, Christina Fincher Organizations: La Defense, REUTERS, Bridgetown Initiative, Monetary, Rapid, IMF, World Bank, African Development Bank, Development Association, Growth Trust, Resilience, Sustainability Trust, World Trade Organisation, International Financial, Thomson Locations: Paris, France, Barbados, Bridgetown

☆ As Covid Emergency Ends, U.S. Response Shifts to ‘Peacetime’ Mode
▼ + stars: | 2023-05-10 | by ( Sheryl Gay Stolberg | Noah Weiland | ) www.nytimes.com time to read: +1 min

On Thursday, three years and 100 days after the Trump administration declared the coronavirus a public health emergency, the Biden administration will allow the emergency declaration to expire, ushering in a new era when the government will treat Covid-19 like any other respiratory ailment. If the coronavirus pandemic was a war, the United States is about to officially enter peacetime. State health officials, tasked with tracking the coronavirus, are burned out, their departments understaffed. President Biden’s coronavirus response team will soon disband. But the officials say they are operating on a tight budget; Congress has refused to give the administration any new money for the pandemic response.

As a result, public trust in the institution has eroded‌. Amid that backdrop, we recently conducted an independent and bipartisan investigation of the C.D.C.’s pandemic preparedness and response during the Covid-19 pandemic. Our study was based on interviews ‌with dozens of experts, including politically diverse policymakers, public health officials‌‌ and state and local leaders; data the C.D.C. State and local public health agencies, ‌‌as well as the private sector, became exceedingly frustrated in their attempts to engage ‌with the agency. This fed a chaotic national response that put people at risk and further eroded public confidence.

☆ CDC will have less data to track Covid and new variants after public health emergency ends
▼ + stars: | 2023-05-05 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

"The end of the public health emergency means CDC will have less authority to collect certain types of public health data — that means less data will be available to us," Dr. Nirav Shah, the CDC's principal deputy director, told reporters during a call Thursday. Congress required these labs in March 2020 to send results to the federal government, but that mandate was tied to the public health emergency. "In some of the jurisdictions or some of the states those authorities will go away with the end of public health emergency," he said. The spotty reporting of case data also means the CDC will no longer report virus transmission at the county level after the public health emergency ends. Shah said the CDC will still have ways to monitor Covid after the public health emergency ends.

☆ Dr. Fauci Looks Back: ‘Something Clearly Went Wrong’
▼ + stars: | 2023-04-24 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +55 min

Dr. Fauci Looks Back: ‘Something Clearly Went Wrong’ In his most extensive interview yet, Anthony Fauci wrestles with the hard lessons of the pandemic — and the decisions that will define his legacy. But when people say, “Fauci shut down the economy” — it wasn’t Fauci. But somehow or other, the general public didn’t get that feeling that the vulnerable are really, really heavily weighted toward the elderly. We also had a public-health system that we thought was really, really good. But it was really, really antiquated.

☆ Yellen to push development bank evolution at spring meetings
▼ + stars: | 2023-04-10 | by ( David Lawder | ) www.reuters.com time to read: +2 min

WASHINGTON, April 10 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday will host a roundtable discussion on further steps to evolve the World Bank and other development lenders to tackle climate change and other global crises beyond a $5 billion annual World Bank lending expansion, the Treasury said. The discussion on the sidelines of the World Bank and International Monetary Fund Spring Meetings will bring together finance ministers from major shareholders and borrowing countries that will cover "ways to maintain momentum to evolve the multilateral development banks to better meet current challenges," the Treasury said in a statement. The World Bank has proposed balance sheet changes that would quickly allow it to lend an additional $50 billion over 10 years while maintaining its top-tier AAA credit rating, a step that bank shareholders are widely expected to adopt this week. Shambaugh said it was important to fix the banks' operational structure and incentives and ensure effective use of funds, noting that some of the development banks had "considerable room" on their balance sheets. The official said Yellen was hoping to lay out another roadmap to make more progress on the banks' operational models and financial capacity.

☆ Yellen to push next steps for development bank evolution at spring meetings
▼ + stars: | 2023-04-10 | by ( David Lawder | ) www.reuters.com time to read: +2 min

WASHINGTON, April 10 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday will host a roundtable discussion on further steps to evolve the World Bank and other development lenders to tackle climate change and other global crises beyond a $5 billion annual World Bank lending expansion, the Treasury said. The World Bank has proposed balance sheet changes that would quickly allow it to lend an additional $50 billion over 10 years while maintaining its top-tier AAA credit rating, a step widely expected to be adopted by bank shareholders this week. A U.S. Treasury official called the move a "downpayment" on the reforms for the World Bank and other multilateral development banks, an early opportunity "to get the process rolling." "We will continue to push for more reforms in the operational model," the official said. The official said Yellen was hoping to lay out another roadmap to make more progress on the banks' operational model and financial capacity.

☆ Analysis: Debt crunch looms for weaker economies with a wall of bond maturities ahead
▼ + stars: | 2023-04-10 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +5 min

"A more prolonged period without market access would be of more concern for the lower-rated tiers of the emerging markets sovereign universe," said James Wilson, EM sovereign strategist for ING. Tapping international debt markets hasn't been a problem across the board for emerging economies. The JPMorgan's emerging markets bond index (EMBI) for high yield debt is at 900 basis points over U.S. Treasuries, and has largely remained over 800 bps since the beginning of last year. The Russia conflict and then the Fed hiking cycle led to higher spreads for a much longer period," said Gregory Smith, emerging markets fund manager at London-based M&G Investment. A weaker U.S. dollar should help countries to tap international markets in the medium term, but recent data fueled jitters that restrictive central bank policies could push the global economy into recession.

☆ We need to continue to invest in 'pandemic preparedness,' says microbiologist
▼ + stars: | 2023-03-17 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe need to continue to invest in 'pandemic preparedness,' says microbiologistCNBC's Tania Bryer sits down with Anil Soni, CEO of the WHO Foundation, and Professor Peter Piot, microbiologist and co-discoverer of the Ebola virus, to discuss how the global health-care industry can be more equitable.

☆ Venture Capital Investors Are Trying to Take Over Pandemic Response
▼ + stars: | 2023-03-12 | by ( Adam Rogers | ) www.businessinsider.com time to read: +19 min

Private capital has been eyeing public health for years. Several founders and investors told me that the failure of Kleiner's fund made Silicon Valley wary of investing in pandemic preparedness. Venture investors love that kind of thing. Public health and private industryWhen COVID hit, Charity Dean was the assistant director of the California Department of Public Health. In the end, almost every pandemic-related product created by Silicon Valley will ultimately require the government as a primary customer.

The key to it all, of course, is money, and as organized and funded now, the World Bank would be stretched to meet those goals. He also serves on the advisory board of Beyond Net Zero, a climate finance fund. This will be especially difficult for the World Bank's top shareholder, the United States, due to political brawling between the Biden administration and the Republican-majority House of Representatives. The House has major sway over the country's purse strings and its leaders are not disposed to widen the World Bank's role in fighting climate change. In fiscal 2022, the World Bank committed more than $104 billion to projects around the globe, according to the bank's annual report.

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