GET INVOLVED | Gates, Other Charities Pledge $125 Million Towards COVID-19 Treatments

CHICAGO – The Bill & Melinda Gates Foundation and two other large  charities on Tuesday pledge up to $125 million to help speed the development of treatments for the fast-spreading coronavirus, which the World Health Organization said on Monday was nearing pandemic proportions.

The effort, known as the COVID-19 Therapeutics Accelerator, will focus on new and repurposed drugs that can be used right away to treat patients infected with the novel coronavirus and possibly other viruses in the future.

The money is intended to ensure that treatments for the virus will be available in poor countries and affordable for individuals.

Currently, no antiviral drugs or other immune system treatments have been approved to treat COVID-19, the disease caused by the virus.

The Gates Foundation and the Wellcome Trust Medical Chiarity are each contributing up to $50 million, and the Mastercard Impact Fund has committed up to $25 million for initial projects.

The Gates Foundation’s funding is part of its $100 million commitment to the COVID-19 response announced last month.

‘Viruses like COVID-19 spread rapidly, but the development of vaccines and treatments to stop them moves slowly’, Mark Suzman, chief executive officer of the Bill & Melinda Gates Foundation, said in a statement.

‘If we want to make the world safe from outbreak like COVID-19, particularly for those most vulnerable, then we need to find a way to make research and development move faster. That requires governments, private enterprise, and philanthropic organizations to act quickly to fund research and development’.


THE POVER OF INFLUENCE | Tiffany & Co. Is Pledging Another US$2 Million To Vulnerable Communities Affected By Covid-19

The luxury jeweler Tiffany & Co. its commitment to Covid-19 recovery efforts with its Tiffany Infinity Collection. In celebration of the continued re-opening of its boutiques worldwide, Tiffany & Co. has announced the launch of its Tiffany Infinite Strength campaign, an effort which will further the jewellery’s commitment to Covid-19 recovery efforts. From July 1to … Continue reading THE POVER OF INFLUENCE | Tiffany & Co. Is Pledging Another US$2 Million To Vulnerable Communities Affected By Covid-19

ROYALS | Meghan Felt ‘Unprotected’ By U.K. Royal Family While Pregnant: Court Papers

Meghan, the Duchess of Sussex, felt ‘unprotected’ by the British Royal Family while she was pregnant with her son Archie, according to London High Court documents filed as part of her legal action against a tabloid newspaper. Meghan, wife of Queen Elizabeth’s Grandson Prince Harry, is suing publisher Associated Newspapers over articles its Mail on … Continue reading ROYALS | Meghan Felt ‘Unprotected’ By U.K. Royal Family While Pregnant: Court Papers

THE POWER OF INFLUENCE | Naomi Campbell Sees Black Lives Matter Altering Fashion And Beauty Industries

Worldwide protests about the treatment of Black people will alter the global fashion and beauty industries by creating job opportunities and products catering for a broader range of consumers, model Naomi Campbell told Reuters in an interview. The fashion world has long been criticized for its lack of diversity. Some firms are already making product … Continue reading THE POWER OF INFLUENCE | Naomi Campbell Sees Black Lives Matter Altering Fashion And Beauty Industries

BUSINESS | L’Oréal To Drop Words Such As ‘Whitening’ From Skin Products

L’Oreal, the world’s biggest cosmetics company, will remove words referencing ‘white’, ‘fair’ and ‘light’ from its skin-evening products, a spokeswoman said on Friday, a day after Unilever made a similar announcement in the face of growing social media criticism. Unilever and L’Oreal are two big players in the global market for skin whitening creams used … Continue reading BUSINESS | L’Oréal To Drop Words Such As ‘Whitening’ From Skin Products

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