Is Pfizer making too much money from COVID?
I watch Fox News a lot and generally respect the views of some of the hosts like Tucker Carlson or Jesse Watters. They rail against the ‘fake news’, yet almost daily condemn Pfizer as a money grubbing big bad pharmaceutical company making record profits on the back of the COVID emergency. A fake narrative!
I’ve been a Pfizer shareholder for many years. The company’s net profit in 2021, 2 years into COVID, was about the same as it was in 2017, 2 years before COVID! Their stock price today is about what it was at the end of 2018, a year before any thought of a COVID vaccine.
So where does this impression of ‘record profits’ come from? And why does the media keep portraying Pfizer as the ‘enemy’? A lot of people would be dead if all the drug companies disappeared!
Last edited by MrLonzo; 02-28-2023 at 04:20 PM.
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