Morgan Stanley CEO realized COVID might be 'The Big One' after meeting with sniffly MBS in Saudi Arabia

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Inside the germy, sneeze-filled meeting between Morgan Stanley's CEO and the Saudi crown prince at the onset of COVID-19

He was in the royal palace in Riyadh, Saudi Arabia, seated to the right of the country's crown prince, Mohammed bin Salman. It was early March 2020, and the Morgan Stanley CEO was on the second leg of a three-day trip through the Middle East to visit with clients and dignitaries. from COVID-19 a few days earlier — a man in his 50s in Washington State.

and investing their money. These trips also provided a window into global trends that was hard to get even from New York, the crossroads of global capital, and in early March, such windows were hard to come by.Gorman's first stop had been Kuwait, where a security officer had put a temperature scanner to his forehead before clearing him to enter the building for a meeting with executives from the emirate's sovereign wealth fund.

And now, as Gorman chatted with the controversial 34-year-old crown prince about ways Saudi Arabia could diversify its economy and reduce its reliance on oil, the young royal kept sneezing. Each time he did, he grabbed a tissue from an ornate gold-clad box that sat on a marble table next to a vase of freshly cut white tulips, then dropped the wadded tissues into a wastebasket that sat on the floor between the two men's knees.

The Big One. Pharmaceutical executives and public health experts had been warning for years of a deadly pathogen, a superbug perfectly evolved in ways big and small, conniving and accidental, to do maximum damage.in hits like the 1990s classic Outbreak, inspired by the bestselling book The Hot Zone, in which a deadly tropical fever sweeps the globe, carried by a monkey captured in an African jungle and sold to an exotic pet store.

It would look more like the SARS virus that had emerged in China in the mid-2000s than anything cooked up in a Hollywood studio. It wouldn't go to the trouble of liquefying organs or shredding blood vessels. It would instead set down roots right where it entered the body — in the lungs — and wreak a slower, quieter havoc there. Early symptoms would resemble any of the thousands of viruses that are typically dismissed as a bad cold.

 

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