...which still proudly displays Walter Duranty's Pulitzer prize...
reports: "Pfizer Reaps Hundreds of Millions in Profits From COVID Vaccine."
The pharma giant earned revenues of $3.5 billion in the first three months of 2021, estimated to generate around $900 million in profits. All the company had to do was create a safe drug that effectively alleviated the threat of the most deadly virus we’ve faced in over a century — one responsible for hundreds of thousands of American deaths and a cost of trillions in economic damage — and then manufacture and dispense hundreds of millions of doses in the shortest span of any vaccine ever created.
"Unlike several vaccine manufacturers that vowed to forgo profits during the COVID-19 pandemic, Pfizer planned to profit," explained former Secretary of Labor Robert Reich
| ...just one of many brilliant Liberal/Progressive intellectuals who stand firmly on every conventional idea put forth by their side, almost as if they’d not actually thought about any of it... |
Good for Pfizer.
Why should Pfizer forgo profits that were netted using its time, talents, efforts and experience? Does Reich forgo his $300,000 a year teaching anti-capitalist bunkum to impressionable young minds?
Related:
Robert Reich: 2020-10-23 Republican senators propose constitutional amendment to keep number of Supreme Court justices at 9
Robert Reich: 2020-10-19 Robert Reich: We Need A Truth and Reconcilation Commission
Robert Reich: 2020-05-28 Zuckerberg knocks Twitter for fact-checking Trump, says private companies shouldn't be 'the arbiter of truth'
Robert Reich: 2020-10-23 Republican senators propose constitutional amendment to keep number of Supreme Court justices at 9
Robert Reich: 2020-10-19 Robert Reich: We Need A Truth and Reconcilation Commission
Robert Reich: 2020-05-28 Zuckerberg knocks Twitter for fact-checking Trump, says private companies shouldn't be 'the arbiter of truth'