Economics

Dozens of institutional investors push for 'equitable' Covid-19 response “The economic and financial damage triggered by Covid-19 knows no border,” said Marco Morelli, executive chairman of AXA Investment Managers. Ed Silverman STAT

Nearly 150 institutional investors that oversee combined assets worth more than $14 trillion have issued a joint call for a “fair and equitable” global response to the Covid-19 pandemic, and they intend to huddle with health care companies to make progress on that goal.

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This is a precarious moment in the fight against the coronavirus in the United States. Case counts are declining. The death rate is slowing down. The country finally has a president who takes the crisis seriously. The vaccination rollout has been a bumbling mess, but the situation is improving, and it will get better still: The Federal Emergency Management Agency has been activated to help administer shots, the Food and Drug Administration could authorize a third vaccine for emergency use by the end of this month, and President Biden is partnering with clinics in underserved communities to correct for early vaccination inequities.

n the meantime, officials at the Centers for Disease Control and Prevention are pleading with the American public to strengthen its resolve on measures to reduce viral spread, like physical distancing, mask wearing and avoidance of settings where the virus is likely to spread most easily — think a restaurant’s dining room or a large, indoor wedding. The C.D.C. is also asking state leaders not to let up on closings and restrictions just yet.