Gates Foundation Announces $10 Billion for Vaccines in the Next Decade
Gates hopes to save 8 million children by 2020 Steve Jobs may have grabbed the most headlines recently with Apple's glimpse of the possible future of computing, but Bill Gates also has his sights set on bettering the world. The Microsoft founder announced that the Gates Foundation would put at least $10 billion toward vaccines that could save the lives of eight million children by 2020, the New York Times reports. That funding would represent a doubling of the foundation's vaccine spending over the next decade. Gates told the World Economic Forum in Davos, Switzerland that vaccines represent a tiny cost that saves more lives than any other part of a health care system. The increased vaccine spending by the foundation would come from Gates and Warren Buffett boosting their annual donations. The billionaire philanthropist based his estimates of lives saved on a model developed by Johns Hopkins University, which operates on...