IMF Chief Says Virus Second Wave Is Slowing Recovery: NEF Update

The fourth and final day of the Bloomberg New Economy Forum focused on the future of health care around the globe in the wake of the coronavirus pandemic, which has infected more than 56 million people and killed over 1.3 million.

Stephane Bancel, chief executive officer of Moderna Inc., whose vaccine was found to be 94.5% effective in a preliminary analysis of a large late-stage clinical trial, said more investment in early testing is needed. If so, vaccines could be created even faster, he said.