In the week after news of the Omicron variant hit the headlines, the CEOs and major shareholders of Moderna and Pfizer made a combined $10.31 billion, according to data compiled by the UK-based Global Justice Now.
Shares of Moderna jumped 13.61% — $273.39 to $310.61 — between Nov. 24 and Dec. 1, while Pfizer shares increased 7.41% — $50.91 to $54.68, Common Dreams reported. Moderna CEO Stéphane Bancel saw his shares increase from $6.1 billion to $6.9 billion, for a gain of $824 million. Albert Bourla, CEO of Pfizer, saw gains of $339,291. Combined with the CEOs, Moderna’s and Pfizer’s four top shareholders made about $5.16, The Daily Mail reported.
The top Pfizer shareholders include Vanguard Group ($1.72 billion), Blackrock ($1.46 billion), State Street Corp. ($1.1 billion) and Capital World Investors ($909 million). Moderna’s top shareholders are Baillie Gifford & Co. ($1.59 billion), Vanguard Group ($1 billion), Blackrock ($999.1 million) and Flagship Pioneering ($653.7 million).
As The Defender reported Nov. 30, early news reports on Omicron sent vaccine makers’ stocks soaring, after Moderna and Pfizer said they were rushing to develop vaccines for the new variant.
Moderna’s stock rose 20% on the Friday following Thanksgiving — a short trading day — while Pfizer and its vaccine partner BioNTech saw respective gains of 6% and 14%.
No evidence we need a vaccine for Omicron, but Pfizer makes the case, anyway
Global Justice Now accused Big Pharma of being responsible for the emergence of Omicron by gobbling up profits selling vaccines to wealthy countries, while refusing to share patents and making sure low-income countries get access to COVID vaccines.
Tim Bierley, the organization’s pharma campaigner, said:
“Pharmaceutical companies knew that grotesque levels of vaccine inequality would create prime conditions for new variants to emerge. They let COVID-19 spread unabated in low and middle-income countries. And now the same pharma execs and shareholders are making a killing from a crisis they helped to create. It’s utterly obscene.”
But not everyone agrees that failure to vaccinate causes new variants to emerge, or that Omicron is dangerous. Dr. Angelique Coetzee, who is credited with discovering the Omicron variant, said she believes the variant may help lead to herd immunity. Coetzee, who chairs the South African Medical Association and who has been a general practitioner for the last 33 years, said Omicron symptoms so far appear mild.
Coetzee wrote for The Daily Mail:
“No one here in South Africa is known to have been hospitalized with the Omicron variant, nor is anyone here believed to have fallen seriously ill with it … The simple truth is: We don’t know yet anywhere near enough about Omicron to make such judgments or to impose such policies … If, as some evidence suggests, Omicron turns out to be a fast-spreading virus with mostly mild symptoms for the majority of the people who catch it, that would be a useful step on the road to herd immunity.”
Early data support Coetzee’s observation that while Omicron may be highly infectious, it’s not highly dangerous. According to CNBC, the South African Medical Research Council, in a report released Saturday, said most patients admitted to a hospital in Pretoria who had COVID didn’t need supplemental oxygen.
The report also noted that many patients were admitted for other medical reasons and were then found to have COVID.Pfizer CEO Bourla responded to that news by telling the Wall Street Journal:
“I don’t think it’s good news to have something that spreads fast. Spreads fast means it will be in billions of people and another mutation may come. You don’t want that.”
Though it’s not clear whether there’s a need for a new shot, Pfizer can develop a vaccine that targets omicron by March 2022, Bourla said. It will take a few weeks to determine whether the current vaccines provide enough protection against the variant, Bourla said.
Image via PicMonkey.
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Too Few Are Telling the Truth
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
We don’t get Google checks. We don’t have Facebook or Twitter buttons on our stories. We don’t have a YouTube Channel (banned), and Instagram profile (never made one), or a TikTok (no thanks, CCO). We’re not perfect, but we’re doing everything we can to not owe anything to anyone… other than our readers. We owe YOU the truth. We owe YOU the facts that others won’t reveal about topics that others won’t tackle. And we owe America, this great land that allows us to take hold of these opportunities.
Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would break away. Today, only a handful of other major conservative news outlets have broken away from the Big Tech teat. Of course, we need help.
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Anyone owning Vanguard Index 500 (VFIAX) owns all the big pharmaceuticals. It one of the most popular investments for IRA accounts. Vanguard’s shares in big pharm is actually combination of all of the fund holder’s shares.