The promising decline in global child mortality

The number of children who die before the age of 5 had declined steadily around the world, as newborn mortality and cases of pneumonia have dropped, according to a report from the Bill & Melinda Gates Foundation.

The big picture: Inequality between countries is decreasing across the globe, but the gaps remain sizable. The report indicates the most predictive factor about a child's future is where they are born.

What else they found:

Pneumonia is still a leading cause of child mortality, and only 3% of global research and development...