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Billionaire Bill Gates has an urgent warning.
“Coronavirus has started behaving a lot like the once-in-a-century pathogen we’ve been worried about.”
That’s why he’s investing $100 million help fight the coronavirus pandemic.
That includes investing millions in this tiny $5 biotech stock that’s creating a vaccine.
Gates is an eternal optimist.
The Bill & Melinda Gates Foundation has spent billions working to eradicate disease and improve living conditions worldwide. Yet the Covid-19 coronavirus presents new challenges.
The New England Journal of Medicine just published a letter from Bill Gates.
There are two reasons Covid-19 is such a threat:
- It can kill healthy adults in addition to
elderly people with existing health problems.
- It is transmitted very efficiently. The average infected person spreads the disease to two or three others – an exponential rate of increase. There is also strong evidence that it can be transmitted by people who are just mildly ill.
This means that coronavirus will be much harder to contain than Middle East respiratory syndrome (MERS) or severe acute respiratory syndrome (SARS). Covid-19 has already killed 10 times more people than SARS – in just a quarter of the time.
Covid-19 appears to be deadlier than the 1957 influenza pandemic – with a 0.6% mortality rate. That pandemic killed 1.1 million people – including 116,000 Americans.
Yesterday, the World Health Organization said that the global mortality rate for Covid-19 is 3.4%.
The Gates Foundation is spending $100 million to kickstart a response to coronavirus.
Right now, the world is focused on containment. And that’s a good first step.
Yet in the last week there were an additional 11,232 identified cases. And the numbers are surging in South Korea, Iran and Italy.
Until recently, the U.S. has only been testing people who traveled to affected areas. That’s starting to change.
Vice President Mike Pence now says that any doctor can have patients tested for Covid-19 – without restriction.
Once additional testing is underway, the number of reported cases in the U.S. will surge.
The Federal Reserve is trying to get ahead of things by supporting the economy.
Yesterday, the Fed stepped up with a 0.5% cut to interest rates. While the stock market rallied initially, markets closed down nearly 3% for the day.
Why?
Because the Fed can’t stop the spread of Covid-19. And the half-point drop in interest rates suggests that the economy is growing weaker.
Ultimately, we need a medical solution to the coronavirus.
Biotechnology stocks are the best bet for stopping Covid-19 in its tracks.
Three undiscovered biotech stocks are surging. And early investors stand to earn 381%, 1,176% and even more than 3,825% in the coming months.
Frankly, this is the ONLY place to make big profits in this market.
Go here for my urgent briefing (it’s FREE).
Yours in Health & Wealth,
Ian Wyatt