A tense look at Fauci's testimony, framed as bad news for him and a sign that investigators think there is more to uncover.

• Fauci repeatedly invoked the Fifth Amendment during his testimony instead of answering questions.
• His visibly upset, near-tearful reaction is read as a sign he is under real pressure.
• The refusal to talk suggests he fears saying anything that could get him in legal trouble.
• Critics believe damaging material exists — pointing to his diary — but the challenge is prying it loose.

Outlook: Expect continued pressure to force disclosure, with investigators hunting for the "golden ticket" evidence.