J.P. Morgan Private Bank.
A man with brown hair, brown eyes and glasses, Stéphane Bancel, speaks remotely from his office. Behind him is a long book shelf and an abstract painting on the wall.
Text on screen:
Stéphane Bancel, CEO of Moderna.
What, what I was the most excited about all day Michael, is that of course the efficacy is very high. 94% is wonderful. What what is even more important to me, uh, for individuals and for public health is that the 6% of people who got disease, all got mild disease.
A man with short black hair, brown eyes, and glasses, Michael Cembalest, speaks remotely from his office, overlooking New York City.
Text on screen:
Michael Cembalest, Chairman of Market and Investment Strategy, J.P. Morgan Asset and Wealth Management.
For all the people in the vaccine group that still got sick, none of them died, none of them are hospitalized, and I don't think any of them even required oxygenation, which means that even if the vaccine didn't work on you and you got sick, it- it still mitigated substantially the severity of the infection.
Close-up of Stéphane.
Exactly. And that's what we really cared about because if you look at the impact on the economy, which is what you study, Michael, it was because countries were shut down and all of the constraints around, uh, people to slow down hospitalization.
J.P. Morgan Private Bank.
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