Friday, August 07, 2020 1:19:15 AM
Some people are missing the big picture on this. If this works like they say it does let me lay out what probably will happen. The US government with leverage the defense production act to buy up the first 30-50 million doses. They will give/loan the company possibly hundreds of millions of dollars to get production ramped up ASAP. Foreign governments subsequently will have to bid for doses following the US governments initial buy up. But what people are missing, models predict 300k covid deaths in the USA by December 1st. That is terrible optics for the Republican Party who are in threat of losing the Presidency and the senate. They need the win in November and they will write blank checks backed by the American tax payers to make sure it happens. If this drug can stop 80% of the deaths from happening, well... that’s their golden ticket to re-election.
All IMO. But we are in no regular stock right now. We are share holders in a company that might reverse the most economically devastating global event of our generation. (Other than global warming etc). The US government is hemmoraging money right now, that’s why they are pushing so hard to re-open. The country could be bankrupt from this if something isn’t done soon.
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