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Fauci's boss gives Trump team credit for "breathtaking" speed of COVID vaccine development

National Institutes of Health director Francis Collins tells "Axios on HBO" that the Trump administration deserves credit for the "breathtaking" speed of COVID vaccine development.

The big picture: The fact that it "got done in 11 months from when we first knew about this virus is at least five years faster than it's ever been before before," Collins said.


  • "The Operation Warp Speed, for which I give a great deal of credit to [former HHS Secretary Alex Azar], was a effort that many of us were not initially convinced was going to be necessary. And it was thought about as a Manhattan Project."
  • "Those words were used sometimes to describe what needed to happen in order to get all parts of the government together in an unprecedented way to test up to six vaccines in rigorous trials ... so that if any of those trials happen to work, you would already have doses ready to go into arms."

The bottom line: "That effort and the recruitment of Dr. Moncef Slaoui was an incredibly important step forward that the administration deserves credit for, because that did motivate a lot of actions, a lot of coordination."

In photos: Brazilians rally against Bolsonaro as COVID deaths top 500,000

Demonstrators took to the streets in at least 22 of Brazil’s 26 states to protest President Jair Bolsonaro's handling of the pandemic — as COVID-19 cases surged past 500,000 on Saturday, per AP.

The big picture: Brazil has the world's second-highest coronavirus death toll and third-highest number of cases. Only 12% of the country's population has been vaccinated against the virus, AP notes.

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Major companies ask Colorado residents not to apply for remote positions

Major companies have said in recent job postings that Colorado residents are ineligible to apply for certain remote positions because a new state law requires businesses to disclose the expected salary or pay range for positions, according to the Wall Street Journal.

Why it matters: The law, which went into effect in January, is meant to help close the gender wage gap and to promote wage transparency for employees, but companies have said Coloradans need not apply to avoid disclosing the information.

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In photos: Communities across nation celebrate Juneteenth

People across the country are celebrating Juneteenth National Independence Day.

The big picture: The date, June 19, memorializes when some of the last enslaved people in Texas learned about their freedom under the Emancipation Proclamation in 1865.

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Separate and unequal paths to business

When a bank turned down George Johnson for a business loan, he got creative. He returned and told the bank he needed $250 to take his wife on a vacation — and was approved. Then he invested the cash in his business, which became the first Black enterprise to trade on the American Stock Exchange.

Why it matters: The highways to success in the U.S. market economy — in entrepreneurship, corporate leadership and wealth creation — are often punctuated with roadblocks and winding detours for people of color.

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Attempting to reform gig work via co-ops

Ride-hailing service The Drivers Cooperative recently debuted in New York City, claiming that its lack of VC funding would result in better driver pay and lower passenger costs.

Why it matters: TDC’s approach is a direct rebuke to the venture capital-fueled gig economy model.

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Conservative cleric Ebrahim Raisi elected Iran's president

Hardliner Ebrahim Raisi easily won Friday's presidential election in Iran, recording 62% of the vote with more than 90% of ballots counted.

Why it matters: Currently the head of Iran's judiciary, Raisi is a close confidant of Supreme Leader Ali Khamenei and has the support of the Islamic Revolutionary Guard Corps (IRGC). His victory solidifies him as a leading candidate to succeed Khamenei, though Friday's low turnout speaks to the disillusionment of many Iranian voters.

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Juneteenth and the country enslaved labor built on the backs of Black Americans

Juneteenth, a once-obscure commemoration of emancipation of enslaved people in Texas, has transformed into an annual reminder about how slavery robbed Black Americans of generational wealth.

Why it matters: That lack of generational wealth still denies Black families the economic security that many white families take for granted.

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Biden will meet with U.S. financial regulators on Monday

President Biden will meet with financial regulators on Monday.

Driving the news: "The meeting will cover regulatory priorities including climate-related financial risk and agency actions to promote financial inclusion and to responsibly increase access to credit," said press secretary Jen Psaki, according to a press pool report.

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