The Pandemic May Very Well Last Another Year or More

Anthony Fauci has recently taken some heat in Washington for supposedly being too pessimistic about how long it will take to bring the Covid-19 pandemic under control. In fact, the head of the National Institute of Allergy and Infectious Diseases is probably being too optimistic, a new survey of leading health care company leaders and investors suggests.

In congressional testimony and news interviews, Fauci has said an effective and safe vaccine may be available by the end of 2020 or early 2021. Yet almost three in four health care executives and investors believe an effective and safe vaccine will not be widely available until the second half of 2021 or even later.