Monday, April 22, 2024

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Understanding the 500 Percent Price Increase of Pfizer’s COVID Vaccine

Pfizer ad

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?

rich man in a tub

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 […]

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