Understanding the 500 Percent Price Increase of Pfizer’s COVID Vaccine
During a 2021 earnings call with stockholders, Pfizer Chief Financial Officer Frank D’Amelio discussed how the company was using “pandemic pricing” to charge $19.50 per COVID-19 vaccine dose, a product it expected to make $15 billion on in 2021. “[There’s] significant opportunity for those margins to improve once we get beyond the pandemic environment that […]
Who is Getting Rich Off Coronavirus Pandemic?
Opinion | In May 2020, the U.S. unemployment rate was 13.3%,1 which means 21 million Americans were unemployed. Not surprisingly, financial stress is a major concern, with 88% of Americans surveyed by the National Endowment for Financial Education (NEFE) saying that the COVID-19 pandemic is creating stress for their personal financial situation.2 Fifty-four percent were particularly […]