Anthony Fauci speaks before Congress. Reuters
Anthony Fauci speaks before Congress. Reuters
Anthony Fauci speaks before Congress. Reuters
Anthony Fauci speaks before Congress. Reuters

Anthony Fauci appears before Congress to discuss origins of Covid


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Anthony Fauci, who led the US charge against Covid-19, appeared before Congress on Monday, with Republicans grilling him over the national response to the pandemic.

Dr Fauci, who led the National Institute of Allergy and Infectious Diseases for almost four decades, testified before the House select subcommittee on the coronavirus pandemic – his first time giving public congressional testimony since he left his post in 2022.

The former head of the Niaid, who advised President Joe Biden during the pandemic, became a lightning rod for Republican anger as schools and businesses were forced to close, and mandates for social-distancing and wearing masks were introduced across the country.

The Republican-led subcommittee has spent more than a year assessing the US response to the pandemic and whether Washington-funded research in China may have played a role in the rise of Covid-19.

Theories of the pandemic's origins have been circulating since it was first detected in Wuhan, China, in late 2019.

The most prevalent is that the disease was first contracted by humans at a large seafood and live animal market in the Chinese city.

But others believe Covid-19 came from a leak at a Wuhan laboratory, where it has been alleged that scientists were engaged in "gain of function" research that led to the virus being created.

A major theme of the hearing was the alleged funding of this gain of function research, a much-debated term that entails enhancing a virus in a lab to see how it might behave in the real world.

Republicans have accused Dr Fauci of lying to Congress when he denied in May 2022 that his agency funded gain of function research.

For years, the National Institutes of Health gave grants to New York non-profit group EcoHealth Alliance that used some of the funds to work with a Chinese lab studying coronaviruses commonly carried by bats.

Last month, the government suspended federal funding to EcoHealth Alliance – and proposed barring it from future financing – citing its failure to properly monitor some of those experiments.

But Dr Fauci said "it would be molecularly impossible” for the bat viruses studied with EcoHealth’s funds to be turned into the virus that caused the pandemic.

He also strongly denied suppressing the theory that Covid-19 originated from a lab leak, telling legislators he never influenced research on the origins of the virus.

Dr Fauci said he believed the most probable origin of the pandemic was animal-to-human transmission.

"I've also been very, very clear, and said multiple times, that I don’t think the concept of there being a lab [leak] is inherently a conspiracy theory," he said.

"What is conspiracy is the kind of distortions of that particular subject, like it was a lab leak, and I was parachuted into the CIA like Jason Bourne and told the CIA that they should really not be talking about a lab leak."

As to his handling of the pandemic, he said that when dealing with a novel outbreak, "the scientific process collects the information that will allow you, at that time, to make a determination, a recommendation or a guideline".

"As things evolve and change and you get more information, it is important that you use the scientific process to gain that information and perhaps change the way you think of things, change your guideline and change your recommendation," Dr Fauci said.

He was grilled repeatedly by Republicans on the panel over his stance on Covid safety measures and the exchanges at times became acrimonious,

Representative Marjorie Taylor Greene refused to call Dr Fauci by his honorific, saying "that man does not deserve to have a licence – as a matter of fact, it should be revoked and he belongs in prison".

During the hearing, Dr Fauci faced questions about the credibility of his former agency, after the panel last month revealed emails from a colleague about ways to evade public records laws, including by not discussing controversial issues on government email.

Dr Fauci said in opening remarks that “to the best of my knowledge I have never conducted official business via my personal email".

He also said he has received – and continues to receive – threats and harassment over his handling of the Covid-19 pandemic.

"There have been everything from harassment by emails, texts, letters, of myself, my wife, my three daughters," Dr Fauci said.

"There have been credible death threats leading to the arrests of two individuals and credible death threats means someone who clearly was on their way to kill me."

Three years on from first Covid-19 death - in pictures

  • A man wearing a facemask in Dubai in April 2020, shortly after the first outbreak. Pawan Singh / The National
    A man wearing a facemask in Dubai in April 2020, shortly after the first outbreak. Pawan Singh / The National
  • Staff from the Wuhan Hygiene Emergency Response Team conduct searches on the closed Huanan Seafood Market in Wuhan, China, at the start of the outbreak on January 11, 2020. AFP
    Staff from the Wuhan Hygiene Emergency Response Team conduct searches on the closed Huanan Seafood Market in Wuhan, China, at the start of the outbreak on January 11, 2020. AFP
  • A security guard sits outside the closed Huanan market in Wuhan, Hubei province. Getty Images
    A security guard sits outside the closed Huanan market in Wuhan, Hubei province. Getty Images
  • A notice displayed near a quarantine control station at Narita Airport, Japan, in January 2020. EPA
    A notice displayed near a quarantine control station at Narita Airport, Japan, in January 2020. EPA
  • An empty Times Square after a coronavirus lockdown was ordered in New York City, March 18, 2020. Reuters
    An empty Times Square after a coronavirus lockdown was ordered in New York City, March 18, 2020. Reuters
  • A nurse wearing PPE comforts another as they change shifts on March 13, 2020 at Cremona Hospital, north-eastern Italy. AFP
    A nurse wearing PPE comforts another as they change shifts on March 13, 2020 at Cremona Hospital, north-eastern Italy. AFP
  • Sanitation workers from Tadweer on the first day of the UAE cleaning campaign in March 2020. Victor Besa / The National
    Sanitation workers from Tadweer on the first day of the UAE cleaning campaign in March 2020. Victor Besa / The National
  • The pedestrian crossing on Hamdan and Fatima Bint Mubarak Street is sprayed on March 27, 2020. Victor Besa / The National
    The pedestrian crossing on Hamdan and Fatima Bint Mubarak Street is sprayed on March 27, 2020. Victor Besa / The National
  • A commuter enters the sterilisation area at the entrance of the Abu Dhabi Central Bus Terminal in March 2020. Victor Besa / The National
    A commuter enters the sterilisation area at the entrance of the Abu Dhabi Central Bus Terminal in March 2020. Victor Besa / The National
  • Travellers returning to Kuwait from Egypt, Syria and Lebanon arrive to be re-tested at a containment and screening zone in Kuwait City on March 16, 2020. AFP
    Travellers returning to Kuwait from Egypt, Syria and Lebanon arrive to be re-tested at a containment and screening zone in Kuwait City on March 16, 2020. AFP
  • Al Wadha Mall in Abu Dhabi reopens in May 2020 with measures in place to protect shoppers. Victor Besa / The National
    Al Wadha Mall in Abu Dhabi reopens in May 2020 with measures in place to protect shoppers. Victor Besa / The National
  • Safety reminders at Dubai International Airport after the resumption of scheduled operations by Emirates on May 22, 2020. AFP
    Safety reminders at Dubai International Airport after the resumption of scheduled operations by Emirates on May 22, 2020. AFP
  • A delivery driver wearing a face mask in downtown Abu Dhabi. Victor Besa / The National
    A delivery driver wearing a face mask in downtown Abu Dhabi. Victor Besa / The National
  • Passengers of an Emirates flight prepare to board a plan to Sydney at Dubai International Airport. AFP
    Passengers of an Emirates flight prepare to board a plan to Sydney at Dubai International Airport. AFP
  • Systems put in place at a supermarket in Dubai to slow the spread of the coronavirus. AFP
    Systems put in place at a supermarket in Dubai to slow the spread of the coronavirus. AFP
The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

SPECS%3A%20Polestar%203
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ELong-range%20dual%20motor%20with%20400V%20battery%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E360kW%20%2F%20483bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E840Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%3C%2Fstrong%3E%20628km%3Cbr%3E%3Cstrong%3E0-100km%2Fh%3A%3C%2Fstrong%3E%204.7sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20210kph%20%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh360%2C000%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3Cbr%3E%3C%2Fp%3E%0A
Wenger's Arsenal reign in numbers

1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
Know before you go
  • Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
  • If you’re driving, make sure your insurance covers Oman.
  • By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
  • Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
  • Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.

 

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Abu Dhabi Equestrian Club race card

5pm: Abu Dhabi Fillies Classic (PA) Prestige; Dh110,000; 1,400m
5.30pm: Abu Dhabi Colts Classic (PA) Prestige; Dh110,000; 1,400m
6pm: Maiden (PA); Dh80,000; 1,600m
6.30pm: Abu Dhabi Championship (PA) Listed; Dh180,000; 1,600m
7pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 2,200m
7.30pm: Handicap (PA); Dh100,000; 2,400m

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Rating: 4/5

UAE currency: the story behind the money in your pockets
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Ziina users can donate to relief efforts in Beirut

Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”

Test squad: Azhar Ali (captain), Abid Ali, Asad Shafiq, Babar Azam, Haris Sohail, Imam-ul-Haq, Imran Khan, Iftikhar Ahmed, Kashif Bhatti, Mohammad Abbas, Mohammad Rizwan(wicketkeeper), Musa Khan, Naseem Shah, Shaheen Afridi, Shan Masood, Yasir Shah

Twenty20 squad: Babar Azam (captain), Asif Ali, Fakhar Zaman, Haris Sohail, Iftikhar Ahmed, Imad Wasim, Imam-ul-Haq, Khushdil Shah, Mohammad Amir, Mohammad Hasnain, Mohammad Irfan, Mohammad Rizwan (wicketkeeper), Musa Khan, Shadab Khan, Usman Qadir, Wahab Riaz 

21 Lessons for the 21st Century

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David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Racecard

5pm: Al Maha Stables – Maiden (PA) Dh80,000 (Turf) 1,600m

5.30pm: Wathba Stallions Cup – Maiden (PA) Dh70,000 (T) 1,600m

6pm: Emirates Fillies Classic – Prestige (PA) Dh100,000 (T) 1,600m

6.30pm: Emirates Colts Classic – Prestige (PA) Dh100,000 (T) 1,600m

7pm: The President’s Cup – Group 1 (PA) Dh2,500,000 (T) 2,200m

7.30pm: The President’s Cup – Listed (TB) Dh380,000 (T) 1,400m

The Lost Letters of William Woolf
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Updated: June 03, 2024, 10:52 PM