Bill Gates announces $12 million for universal flu vaccine

Bill Gates
Gates speaks at a 2015 dinner. Photo: Dimitrios Kambouris/Getty Images

Bill Gates today announced a $12 million "Grand Challenge" to boost the development of a universal flu vaccine, as part of efforts to create a global pandemic response system.

Why it matters: Gates says world leaders need to prepare for the next global pandemic — whether it originates from a bioterrorist attack, new flu viral outbreak or other pathogen — which could have the potential to kill nearly 33 million people in six months, Gates says.