Pfizer Boss Earned $24.3 Million in 2021 and Other COVID-19 News
There is no doubt that Pfizer’s approach to COVID-19 has been a success: the first COVID-19 vaccine in partnership with BioNTech to be authorized in the United States, one of the predominant vaccines around the world, and a successful oral antiviral therapy, all without taking direct R&D funds from the government via Operation Warp Speed. And the company has benefitted handsomely, as has its chief architect, Albert Bourla. For that and more COVID-19 news, continue reading.
Pfizer’s Bourla Raked in $24.3 Million in Total Compensation in 2021
Albert Bourla, Pfizer’s chief executive officer, took home a salary of $1.69 million in 2021, with a cash incentive of $8 million and $13.2 million in stock and options. Throw in $1.38 million on other compensation and he received $24.3 million in total compensation, an increase of 15% from 2020. Bourla holds almost 597,000 shares in the company, worth more than $32 million. To Pfizer, he’s undoubtedly worth it, having helmed the company to be the first, with its partner BioNTech, to receive an emergency use authorization (EUA) for a COVID-19 vaccine in the U.S. That vaccine alone generated $36.8 million in revenue last year, with $32 billion projected for 2022. Toss in another projected $22 billion for its COVID-19 antiviral regimen projected for this year, and Bourla led the company to stellar profitability.
COVID-19 Vaccine Market Getting Crowded
There are three authorized and/or approved COVID-19 vaccines in the U.S.: Pfizer-BioNTech, Moderna, and Johnson & Johnson. Around the world, there are others, including AstraZeneca–Oxford, Sinovac, Sputnik V and a handful of others. Late to the market are Novavax and Sanofi–GlaxoSmithKline, while other companies are still regularly announcing preclinical and clinical results for their potential vaccines. But as new cases worldwide slow, is there a market for new vaccines?
“We think there’s likely going to be long-term ongoing demand for COVID vaccines, for boosters at least,” said Matt Linley, analytics director for London-based Airfinity. “But it will be a lot smaller than it is. We believe it’s kind of peaked.”
And a U.S. Centers for Disease Control and Prevention study found that the three COVID-19 vaccines authorized in the U.S. provided strong prevention against death and severe disease even though their efficacy wanes over time. They found it was 79% effective in preventing ventilation or death and that a single booster shot brought it up to 94%.
Tinnitus, a Rare Side Effect of COVID-19 Vaccines?
Tinnitus, or ringing or buzzing in one or both ears, might be a side effect of COVID-19 vaccines. Although there have been some reports, the CDC and vaccine makers who have investigated reports of tinnitus haven’t found evidence of cause and effect. A JAMA study from Johns Hopkins University School of Medicine analyzed 555 reports of hearing loss that may be linked to any of the three U.S. COVID-19 vaccines reported in the Vaccine Adverse Event Reporting System (VAERS). However, the study didn’t find that hearing loss or other auditory problems were more common after vaccines than expected in the general population. A study of Israel found a slight increase in hearing problems after receiving the Pfizer-BioNTech vaccine, but the reports are very rare.
Fauci Predict Increase in New Cases
As COVID-19 cases increase in Europe, primarily due to the rise of the Omicron BA.2 subvariant and relaxation of restrictions, Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases and the Biden administration’s chief COVID-19 advisor, predicts an “uptick” in cases in the U.S. that will echo those in Europe. He added, it is “no time at all to declare victory because this virus has fooled us before and we really must be prepared for the possibility that we might get another variant. And we don’t want to be caught flat-footed on that.”
Dr. Fauci’s comments occur partly in the context of attempts by the Biden administration to convince Congress to continue funding COVID-19 pandemic relief efforts. Dr. Fauci also added that an increase in BA.2 cases might not lead to a parallel surge in hospitalizations or deaths, similar to what is happening in Europe.
What We Know About Omicron BA.2
As mentioned above, another SARS-CoV-2 variant appears to be increasing in the U.S. and Europe. It is a subvariant, or sister variant of Omicron, dubbed BA.2. Its genetic sequence is different from that of the first Omicron variant, BA.1, and has sometimes been called a “stealth” variant because it isn’t easy to differentiate from the Delta variant. It now makes up about 23.1% of cases, up from 14.2% from the week ending March 5. It is more transmissible than BA.1, but it isn’t known if it causes severe illness. Nor is it known if it evades immunity from vaccines, previous illnesses or antibody therapies. Vaccines seem to be as effective against BA.2 as against BA.1, which generally means they don’t necessarily prevent infection but prevent severe illness and death. And they do believe that if you were infected by BA.1, you have good protection against BA.2.
AstraZeneca recently reported a study indicating that its antibody-based cocktail Evusheld effectively neutralizes BA.2. An earlier study said it was effective against BA.1.
Most COVID-19 Patients in a Coma Regain Consciousness
A new study by Boston and New York researchers found that most people who had severe COVID-19 and were off ventilators but still required life support, typically in a coma, regain consciousness. Daiwai Olson, PhD, a professor of neurology and director of the neuroscience nursing research center at the University of Texas Southwestern Medical Center, said the study should be a “huge anxiety reducer” for families of COVID-19 patients in comas. “It gives nurses and physicians the confidence to tell families, ‘Look this can take several weeks.’ We have had moms who want to stay at the bedside, and we can tell them go home and take a shower, it may take three weeks” for the patient to regain consciousness. It also supports waiting longer before withdrawing life support from people in a COVID-19-induced coma.
Which New World Order Are We Talking About?
Which New World Order Are We Talking About?
Authored by Jeff Thomas via InternationalMan.com,
Those of us who are libertarians have a tendency…
Those of us who are libertarians have a tendency to speak frequently of “the New World Order.”
When doing so, we tend to be a bit unclear as to what the New World Order is.
Is it a cabal of the heads of the world’s governments, or just the heads of Western governments?
Certainly bankers are included somewhere in the mix, but is it just the heads of the Federal Reserve and the IMF, or does it also include the heads of JPMorgan, Goldman Sachs, etc.?
And how about the Rothschilds? And the Bundesbank—surely, they’re in there, too?
And the list goes on, without apparent end.
Certainly, all of the above entities have objectives to increase their own power and profit in the world, but to what degree do they act in concert? Although many prominent individuals, world leaders included, have proclaimed that a New World Order is their ultimate objective, the details of who’s in and who’s out are fuzzy. Just as fuzzy is a list of details as to the collective objectives of these disparate individuals and groups.
So, whilst most libertarians acknowledge “the New World Order,” it’s rare that any two libertarians can agree on exactly what it is or who it’s comprised of. We allow ourselves the luxury of referring to it without being certain of its details, because, “It’s a secret society,” as evidenced by the Bilderberg Group, which meets annually but has no formal agenda and publishes no minutes. We excuse ourselves for having only a vague perception of it, although we readily accept that it’s the most powerful group in the world.
This is particularly true of Americans, as Americans often imagine that the New World Order is an American construct, created by a fascist elite of US bankers and political leaders. The New World Order may be better understood by Europeans, as, actually, it’s very much a European concept—one that’s been around for quite a long time.
It may be said to have had its beginnings in ancient Rome. As Rome became an empire, its various emperors found that conquered lands did not automatically remain conquered. They needed to be managed—a costly and tedious undertaking. Management was far from uniform, as the Gauls could not be managed in the same manner as the Egyptians, who in turn, could not be managed like the Mesopotamians.
After the fall of Rome, Europe was in many ways a shambles for centuries, but the idea of “managing” Europe was revived with the Peace of Westphalia in 1648. The peace brought an end to the Thirty Years’ War (1618-1648) in the Holy Roman Empire and the Eighty Years’ War (1568-1648) between Spain and the Dutch Republic. It brought together the Holy Roman Empire, The House of Habsburg, the Kingdoms of Spain and France, the Dutch Republic, and the Swedish Empire.
Boundaries were set, treaties were signed, and a general set of assumptions as to the autonomy within one’s borders were agreed, to the partial satisfaction of all and to the complete satisfaction of no one… Sound familiar?
Later, Mayer Rothschild made his name (and his fortune) by becoming the financier to the military adventures of the German Government. He then sent his sons out to England, Austria, France, and Italy to do the same—to create a New World Order of sorts, under the control of his family through national debt to his banks. (Deep Throat was right when he said, “Follow the Money.”)
So, the concept of a New World Order has long existed in Europe in various guises, but what does this tell us about the present and, more important, the future?
In our own time, we have seen presidents and prime ministers come and go, whilst their most prominent advisors, such as Henry Kissinger and Zbigniew Brzezinski, continue from one administration to the next, remaining advisors for decades. Such men are often seen as the voices of reason that may be the guiding force that brings about a New World Order once and for all.
Mister Brzezinski has written in his books that order in Europe depends upon a balance with Russia, which must be created through the control of Ukraine by the West. He has stated repeatedly that it’s critical for this to be done through diplomacy, that warfare would be a disaster. Yet, he has also supported the US in creating a coup in Ukraine. When Russia became angered at the takeover, he openly supported American aggression in Ukraine, whilst warning that Russian retaliation must not be tolerated.
Henry Kissinger, who has literally written volumes on his “pursuit of world peace” has, when down in the trenches, also displayed a far more aggressive personality, such as his angry recommendation to US President Gerald Ford to “smash Cuba” when Fidel Castro’s military aid to Angola threatened to ruin Mr. Kissinger’s plans to control Africa.
Whilst the most “enlightened” New World Order advisors may believe that they are working on the “Big Picture,” when it comes down to brass tacks, they clearly demonstrate the same tendency as the more aggressive world leaders, and reveal that, ultimately, they seek to dominate. They may initially recommend diplomacy but resort to force if the other side does not cave to “reason” quickly.
If we stand back and observe this drama from a distance, what we see is a theory of balance between the nations of Europe (and, by extension, the whole world)—a balance based upon intergovernmental agreements, allowing for centralised power and control.
This theory might actually be possible if all the countries of the world were identical in every way, and the goals of all concerned were also identical. But this never has been and can never be the case. Every world leader and every country will differ in its needs and objectives. Therefore, each may tentatively agree to common conditions, as they have going back to the Peace of Westphalia, yet, even before the ink has dried, each state will already be planning to gain an edge on the others.
In 1914, Europe had (once again) become a tangle of aspirations of the various powers—a time bomb, awaiting only a minor incident to set it off. That minor incident occurred when a Serbian national assassinated an Austrian crown prince. Within a month, Europe exploded into World War. As Kissinger himself has observed in his writings, “[T]hey all contributed to it, oblivious to the fact that they were dismantling an international order.”
Since 1648, for every Richelieu that has sought to create a New World Order through diplomacy, there has been a Napoleon who has taken a militaristic approach, assuring that the New World Order applecart will repeatedly be upset by those who are prone to aggression.
Further, even those who seek to operate through diplomacy ultimately will seek aggressive means when diplomatic means are not succeeding.
A true world order is unlikely.
What may occur in its stead would be repeated attempts by sovereign states to form alliances for their mutual benefit, followed by treachery, one- upmanship, and ultimately, aggression. And very possibly a new World War.
But of one thing we can be certain: Tension at present is as great as it was in 1914. We are awaiting only a minor incident to set off dramatically increased international aggression. With all the talk that’s presently about as to a New World Order, what I believe will occur instead will be a repeat of history.
If this belief is correct, much of the world will decline into not only external warfare, but internal control. Those nations that are now ramping up into police states are most at risk, as the intent is already clearly present. All that’s needed is a greater excuse to increase internal controls. Each of us, unless we favour being engulfed by such controls, might be advised to internationalise ourselves—to diversify ourselves so that, if push comes to shove, we’re able to get ourselves and our families out of harm’s way.
* * *
Unfortunately, there’s little any individual can practically do to change the course of these trends in motion. The best you can and should do is to stay informed so that you can protect yourself in the best way possible, and even profit from the situation. That’s precisely why bestselling author Doug Casey just released Surviving and Thriving During an Economic Collapse an urgent new PDF report. It explains what could come next and what you can do about it so you don’t become a victim. Click here to download it now.
As yen weakens and interest peaks, Bank of Japan balances on a policy precipice
Quick Take The Bank of Japan (BOJ) stands at a critical juncture, striving to maintain a delicate balance amid a changing economic landscape. Recent data…
The Bank of Japan (BOJ) stands at a critical juncture, striving to maintain a delicate balance amid a changing economic landscape. Recent data shows that the 10-year yield, which the BOJ has endeavored to keep below 1%, has touched 0.8, a peak unseen since 2013. Simultaneously, the BOJ has labored not to let the Yen weaken, yet it continues to be pressured as it drops further against the US dollar, crossing the 150 mark for the first time in over a year.
There is burgeoning speculation about possible BOJ interventions in these market movements. As the central bank continues to uphold negative interest rates, a shift towards positive rates might become inevitable in the foreseeable future. It’s a precarious fulcrum of financial strategies that the BOJ is balancing on, with market tempests stirring on one side and the stability of the national currency on the other.
This scenario highlights the intricate dynamics of monetary policies and the profound impact they can have on both national and global economies. A closer look at the situation illuminates the complexities in the BOJ’s policy decisions and the broader implications on the financial landscape.
The post As yen weakens and interest peaks, Bank of Japan balances on a policy precipice appeared first on CryptoSlate.us dollar interest rates japan
EU Wants To Pay Off Hungary To The Tune Of €13BN So Orban Doesn’t Veto Ukraine Aid
EU Wants To Pay Off Hungary To The Tune Of €13BN So Orban Doesn’t Veto Ukraine Aid
Hungary’s Viktor Orbán has long been an opponent of…
Hungary's Viktor Orbán has long been an opponent of the mainstay of EU policy on Ukraine, having also persistently criticized Kiev for discrimination against Hungarian minorities, and demanding that a 2017 law restricting the use of minority languages be changed. He's also refused to ratify Sweden's entry into NATO.
Orbán has further throughout the conflict stood against policies which escalate against Moscow, and has constantly warned against stumbling into a WW3 scenario involving direct NATO-Russia clash. He told Tucker Carlson in a recent interview that "the Third World War сould be knocking on our door so we have to be very careful." With Budapest having been a consistent thorn in the side of the EU, Brussels now wants to pay the Hungarians off.
"The European Commission is preparing to unfreeze around €13 billion in funds for Hungary to try to avoid Prime Minister Viktor Orbán vetoing EU aid for Ukraine, in a move likely to draw criticism from the European Parliament," Politico reports Tuesday.
"The Commission needs the unanimous backing of the bloc's 27 countries for an update to the EU’s long-term budget, which includes a €50 billion funding pot for Ukraine," the report adds.
Akin to what's currently going down in Washington with a group of Republicans holding up Ukraine funding, Brussels may soon have its own Ukraine aid blockage problem. EU aid for Kiev which was previously approved runs out in December, hence the urgency for EU leadership in wanting to push through a new package.
A week ago, Orbán gave a speech declaring Hungary will no longer support Ukraine in any way unless certain significant policies are changed both in Kiev and in the European Union.
He stressed in the words given before parliament that "Hungary is doing everything for peace" but that "unfortunately the Russian-Ukrainian war continues, tens of thousands of people are victims." Thus, he continued, "Diplomats must take control back from the hands of the soldiers, otherwise it will be in vain for women to wait for their sons and fathers and husbands to come home."
The Hungarian leader has stood against ratcheting Western sanctions on Moscow, instead choosing to maintain a generally positive diplomatic relationship with the Kremlin.
He also a week ago charged that Kiev and its backers have cheated Budapest by "Ukrainian grain dumping" into his country. He had also laid out, per The Hill:
... that he was protesting a 2017 law in Ukraine that limits ethnic Hungarians from speaking their own language, particularly in schools and said Hungary would not support Ukraine on international issues "until the previous laws are restored."
Needless to say EU officials are panicking, and are readying a lucrative quid pro quo with Hungary (based on freeing frozen funds related to the prior years' so-called "rule of law" punitive measures"), so that EU aid to Ukraine doesn't get blocked at a crucial moment that Washington funding is drying up.
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