BlackRock CEO says the US must aggressively launch vaccines

MILAN (Reuters) – The best measure of success for President Joe Biden’s new US government will be how quickly it launches COVID-19 vaccines, BlackRock chief executive Larry Fink said Thursday.

Speaking at the online event organized by a business forum linked to the Italian presidency of the G20, Fink said he was confident that the new administration will focus on sustainability in the first 90 days and stifle tensions with other countries.

It’s about … getting America to defend the principles of democracy again … and multilateralism … and at the same time being aggressive and outspoken in terms of launching the vaccination, “the chief of largest asset manager in the world.

Fink said rebalancing the economy was a priority given the uneven impact of the pandemic across sectors, but that could not happen until the population achieved herd immunity and industries built on “aggregation” did not. could be restored.

“The economy will accelerate … (once) we feel safe again,” he said.

Reporting by Valentina Za; editing by Agnieszka Flak and Steve Orlofsky