Category: Businesses in COVID-19

Pfizer’s COVID-19 Vaccine Sales Crash as Company Reports Drop in Revenue

May 2, 2023
Business & MarketsBusinesses in COVID-19COVID-19 VaccinesPfizerUSUS News
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Pfizer’s revenue dropped in the first quarter of 2023 primarily due to flagging COVID-19 vaccine sales. The company reported $18.3 billion in revenue, down from $25.6 billion in the first quarter of 2022. Pfizer made just $7.1 billion from its COVID-19 vaccines and the COVID-19 pill after reaping more than $56 billion from the products…

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US Reliance on China Drops Amid Trump Tariffs, Disruptive Policies, Ethical Concerns

April 27, 2023
Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyChina Human RightsChinese Regimeeconomyimportsimports from ChinatradeUSUS NewsUS-China relations
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American dependence on imports from China has significantly diminished in recent years. Companies are scrambling to redirect their supply chains elsewhere to avoid unpredictable policy changes by the communist regime, tariffs imposed on China in 2018, and backlash over human rights violations. February imports from China came in below $31 billion, the lowest since 2006,…

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First-Time Buyers Face Record Prices as UK Housing Market Recovers

April 24, 2023
Business & MarketsBusinesses in COVID-19COVID-19economyHouse Pricespersonal financeUKWorld
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First-time buyers in the UK are facing record high prices as the housing market recovers from the COVID-19 pandemic and increased borrowing costs following last year’s mini-budget fiasco. The average price tag on first-time buyer homes—houses and flats with a maximum of two bedrooms—hit a record high of £224,963 ($279,830) in April after edging up…

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British Pubs in Crisis as Closures Accelerate

April 11, 2023
BritishBusiness & MarketsBusinesses in COVID-19CompaniesCOVID-19economyEnergy BillinflationlockdownspubUKWorld
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The rate of pubs shutting down is accelerating at a faster rate than immediately after the end of COVID-19 lockdowns, according to new figures. Government data indicate a significant surge in pub closures, with 51 shutting down each month during the first financial quarter of 2023. In 2022, after the UK emerged from COVID-19 lockdowns,…

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Harris Announces $1.7 Billion for Businesses in ‘Underserved’ Communities

April 11, 2023
Business & MarketsbusinessesBusinesses in COVID-19CompanieseconomygrantsKamala HarrisUSUS News
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The Biden administration on April 10 announced a $1.7 billion grant program aimed at helping small businesses in underserved communities access the capital and financing services they need to recover from COVID-19 pandemic lockdowns. Vice President Kamala Harris unveiled the program during a news conference alongside Deputy Treasury Secretary Wally Adeyemo where she called small businesses “the backbone” of the…

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Pfizer Hit With COVID-19 Vaccine Patent Infringement Lawsuit

April 6, 2023
Business & MarketsBusinesses in COVID-19COVID-19PfizerUSUS News
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Pfizer used technologies developed by another company in its COVID-19 vaccine, infringing on patents, according to a new lawsuit. The Pfizer-BioNTech COVID-19 messenger RNA (mRNA) vaccine uses lipid nanoparticle (LNP) technology that was developed and patented by Arbutus Biopharma, Arbutus alleges in the new suit, filed on April 4 in U.S. court in New Jersey. “When the…

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Business Owner Waves White Flag After Battering From Inflation, High Energy Prices, Globalisation

March 31, 2023
Arif MemisAustraliaBrisbaneBusiness & MarketsBusinesses in COVID-19CompaniesInternationalQueenslandsmall businessWorld
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On the same day Australia’s top leaders were busy revealing details of the impending “Voice” referendum—garnering national media attention—business owner Arif Memis was scrambling to hold the fort around his embattled Cowch Dessert Cocktail Bar. Bruised and battered by a series of crises—some natural, some government-made—Memis has been forced to hand over the keys to…

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Trump-Era Trends Could Have Yielded 850 Million More Barrels Under Biden: Expert

March 30, 2023
Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyCompaniescongressDemocratseconomic policieseconomyenergyGlobal ExpansionHR 1inflationInvestmentOilPoliticsRepublicansSpecial TopicstechnologyThreat from Communist ChinaTrumpUSUS NewsUS-China relations
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The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives. “Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil…

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Trump-Era Oil Trends Could Have Produced 850 Million More Barrels Under Biden: Expert

March 30, 2023
Business & MarketsBusinesses in COVID-19ChinaChina Business & EconomyCompaniescongressDemocratseconomic policieseconomyenergyGlobal ExpansionHR 1inflationInvestmentOilPoliticsRepublicansSpecial TopicstechnologyThreat from Communist ChinaTrumpUSUS NewsUS-China relations
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The United States is producing millions fewer barrels of oil per day—and hundreds of millions fewer in total—than it could have if it had matched trends under President Trump, according to testimony from an energy expert before the House of Representatives. “Had the Biden administration simply mirrored the Trump administration’s production growth rate, daily oil…

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Vaccine Harm Analysis Finds $148 Billion in Economic Damage, Tens of Millions Injured

March 29, 2023
AMERICABusiness & MarketsBusinesses in COVID-19CCP Viruseconomic damageeconomyInternationalUSvaccine harmVaccines & SafetyWorld
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A new report estimates that COVID-19 vaccine damages in the United States in 2022 led to over 26 million people being injured at a cost of nearly $150 billion to the economy. The stark figures come in a report from Phinance Technologies, a global macro investment firm co-founded by former BlackRock portfolio manager Edward Dowd….

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