A new report from the American Institute of Physics declares the physical sciences to be at a “tipping point” between a “perilous” future and a “vibrant” one as a result of the coronavirus pandemic. The 28-page report, Peril and Promise: Impacts of the COVID-19 Pandemic on the Physical Sciences, outlines several areas where the scientific community has been tested by the pandemic and examines what the future could look like for the workforce, infrastructure, and conduct of research. Further, the report challenges leaders in government, academia, the private sector, and other areas who depend on the physical sciences to craft specific recommendations to address the pandemic’s impacts.