Trump will hold a meeting with the leadership of pharmaceutical companies

The administration asked representatives of the pharmaceutical industry to intensify work on creating a coronavirus vaccine.

US President Donald Trump said on Monday that his administration has asked pharmaceutical companies to intensify work on creating a coronavirus vaccine.

According to US health officials, it can take up to 18 months to develop a vaccine against the virus that has caused the death of more than 3,000 people worldwide.

President Trump and the coronavirus task force will meet with pharmaceutical company executives on Monday. The administration is seeking to step up measures to combat the spread of the disease, which this week killed the second person in the country.

The White House does not specify which companies will be represented at the meeting, but according to representatives of Sanofi SA, Johnson & Johnson and Pfizer, their leaders will participate in the meeting.

Trump tweeted Monday morning that the meeting is scheduled to discuss “progress in terms of developing a vaccine and treatments” for the disease.
The number of new cases of coronavirus infection has recently increased: more than 75 confirmed cases have been recorded, including two deaths. Both deaths were recorded in Washington State, where the focus of the disease is concentrated around a nursing home near Seattle. Also, there are confirmed cases in New York, Florida, and several other States.
According to WHO, there are more than 87,000 cases of infection worldwide.

Dr. Anthony Fauci, head of the Department of infectious diseases at the National Institutes of health, is concerned that the number of cases in the United States may increase in the coming weeks.

“When there are a certain number of identified cases and they have been present in the community for some time, there will inevitably be new cases that can be predicted,” she said in an interview with CNN on Monday.

Health experts recommend that Americans take common measures to prevent infection, such as the flu: wash their hands more often and stay at home if symptoms appear.

Over the weekend, the administration sought to allay fears of an impending global recession, insisting that the public and media exaggerate the problem, and assuring that financial markets will soon recover as the American economy is in a healthy state.

On Monday, global markets calmed down somewhat on hopes that a possible cut in interest rates could soften the blow.

US lawmakers are expected to pass a bill in the coming days to Fund efforts to combat the coronavirus.

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