Government Spending Sprees: Novavax’s Vaccine and U.S. Business Relief

Vaccine maker Novavax received $1.6B from the U.S. government for “Operation Warp Speed,” an effort to expedite the race for a coronavirus vaccine. Novavax CEO Stanley Erck maps out his timeline for vaccine distribution. The government has also poured trillions of dollars into the American financial recovery from the Covid-19 pandemic, and Jason Furman, former Chairman of President Obama’s Council of Economic Advisers, says the government is battling two concurrent recessions. He and AEI’s Michael Strain discuss whether more stimulus is still needed to rescue the U.S. economy. Plus, TikTok is dancing its way out of Hong Kong, Palantir is preparing for its IPO, and Patrick Mahomes just closed a $500 million deal.