After Trump predicted a market crash if Biden wins, Dow hits 30K

Discussion in 'Politics' started by Pekelo, Nov 24, 2020.

  1. DTB2

    DTB2

    They had a government purchase order to recoup their entire developmental costs +. Yes, it was part of Warp Speed.
     
    #21     Nov 24, 2020
  2. userque

    userque

    You might buy dildos from amazon; but that doesn't mean you had anything to do with the development of those dildos.

    Pfizer took no Federal money to develop their vaccine. The US is one of its customers.

    Sorry, your messiah gets no credit for what a private company accomplished with their own money.

    Isn't trying to steal the election enough? Now you want to steal Pfizer's shine.

    Deplorable.
     
    #22     Nov 24, 2020
    Tony Stark likes this.
  3. Buy1Sell2

    Buy1Sell2

    https://www.newsweek.com/pfizer-part-operation-warp-speed-alex-azar-distanced-trump-program-1546594
    The Health Secretary told CNBC: "I don't know why they [Pfizer] made that [statement] originally. I've got a 2 billion contract for 100 million doses and an option for 500 million more that says they're very much part of Operation Warp Speed." The U.S. struck the $1.95 billion deal with Pfizer in July.

    "We assisted them with ingredients, we're assisting them with distribution syringes, needles, dry ice for shipment, distribution, planning," he said.

    Following Jansen's comments, the company clarified that it is involved in Operation Warp Speed as a supplier, but did not receive government funding. A spokesperson for Pfizer said on Monday in a statement seen by Newsweek they did not accept money for research and development from the Biomedical Advanced Research and Development Authority, which is an office of the Department of Health and Human Services.
     
    #23     Nov 24, 2020
  4. wrbtrader

    wrbtrader

    Lets put it this way...I make more money when Trump stays away from twitter. Less stressful too. :D

    wrbtrader
     
    #24     Nov 24, 2020
  5. wrbtrader

    wrbtrader

    I hope he doesn't know how to tweet and his grand-daughters do not show him how tweet.

    wrbtrader
     
    Last edited: Nov 24, 2020
    #25     Nov 24, 2020
  6. Overnight

    Overnight

    Hehe, that's OK. Now we'll have Yellen back for some Treasury fun. I always liked when she started yellin' about shit at the Fed, the markets moved a few points here and there.
     
    #26     Nov 24, 2020
  7. wrbtrader

    wrbtrader

    I like Yellen...she was a money machine for me regardless to how ugly she is. :D

    wrbtrader
     
    Last edited: Nov 24, 2020
    #27     Nov 24, 2020
    Cuddles likes this.
  8. Tony Stark

    Tony Stark

    The government buying a vaccine from Pfizer if they created it is in no way a credit to Trump or warp speed.


    https://www.politifact.com/article/2020/nov/19/pfizer-moderna-covid-19-vaccines-and-operation-war/

    The federal government’s deal with Pfizer would pay for the purchase of the company’s vaccine if it gets FDA emergency use authorization or approval. So Pfizer hasn’t gotten any Warp Speed funding yet.





    Vaccine deals

    Pfizer and BioNTech vaccine


    The U.S. government committed $1.95 billion for large-scale manufacturing and delivery of 100 million doses of a COVID-19 vaccine from Pfizer and BioNTech. Pfizer’s vaccine would need to get emergency-use authorization or approval from the FDA.


    The agreement also allows the United States to acquire up to 500 million additional doses.


    The U.S. government did not fund the companies’ research and development.


    Pfizer chose to risk its own money on vaccine research and not take federal funding in order to avoid bureaucracy and politics, Pfizer’s CEO Albert Bourla said. He said its investment so far was at least $1.5 billion.


    "I wanted to liberate our scientists from any bureaucracy," Bourla told CBS in September. "When you get money from someone that always comes with strings. They want to see how you are going to progress, what type of moves you are going to do. They want reports. I didn't want to have any of that.


    "Basically I gave them an open checkbook so that they can worry only about scientific challenges, not anything else," he said. "And also, I wanted to keep Pfizer out of politics, by the way."
     
    #28     Nov 24, 2020
    userque likes this.
  9. Ricter

    Ricter

    Lol, yeah, like it required a signed PO to go ahead with developing a vaccine. "It's risky, might not be any market for it."
     
    #29     Nov 24, 2020
  10. Ricter

    Ricter

    The market is pricing in Biden's mandatory mask/social distancing/circuit breaker lockdowns.
     
    #30     Nov 24, 2020