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The Fair Price for a Covid-19 Vaccine

CHINA-HEALTH-VIRUS

Photographer: Wang Zhao/AFP via Getty Images

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The world is sitting on the edge of its seat, waiting for new Covid-19 vaccines and treatments. But questions about how much they will cost loom large, especially in the U.S., which has plowed billions into their development, and lacks a recent precedent for this kind of public-health crisis.