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Planet Money

Where's The Vaccine?

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 7 March 2020

⏱️ 21 minutes

🧾️ Download transcript

Summary

Coronaviruses didn't come out of nowhere. They've actually been around for years. But economics makes it hard to find a vaccine. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0

This is Planet Money from NPR.

0:07.0

So, as you might have heard, we are in the middle of a coronavirus outbreak.

0:12.0

And this isn't the first one. There have been three bad ones in the past 18 years.

0:17.0

There was SARS. Remember that one? That was a coronavirus. It hit in 2003,

0:22.0

and it probably came from bats. And then there was MERS, which started in 2012,

0:27.0

and that came from camels. And now there is COVID-19.

0:33.0

That's the official name of this current coronavirus disease.

0:36.0

And that one probably also came from bats.

0:39.0

And once you know that these coronavirus aren't something that came out of nowhere,

0:43.0

that they've been around for years, the obvious question is, where's the vaccine?

0:49.0

That would be great. A vaccine would be great, right about now.

0:51.0

People would buy it. Yes, we would.

0:53.0

Hello and welcome to Planet Money. I'm Sarah Guenzalis.

0:59.0

And I'm Amanda Aronshik. The free market is supposed to solve these kinds of problems,

1:04.0

provide the thing that everyone wants. But it hasn't.

1:08.0

Part of the reason is all of these coronavirus are a little different, this one's new,

1:13.0

so no matter what it is going to take time. But another reason is economics.

1:20.0

The market for emergency vaccines for pandemics, diseases that spread around the world,

1:25.0

it is not like the regular market for, you know, bikes and raspberries.

1:30.0

It is a lot weirder than that.

1:33.0

Today on the show, we find out just how weird.

1:37.0

The story involves the anthrax scare, and in undisclosed number of secret government chickens.

...

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