Biden to Spend $5 Billion on New Coronavirus Vaccine Initiative Supported by Gates, Fauci and Republican Lawmakers

The U.S. government will spend $5 billion on a program to accelerate the development of new coronavirus vaccines and therapeutics, White House officials announced this week. Project NextGen, a successor to Operation Warp Speed, has bipartisan support and will receive funding from the Bill & Melinda Gates and Rockefeller Foundations.