Tag Archives: profiteering

‘Daylight Robbery’: Pfizer Condemned for Hiking US Covid Vaccine Price by 10,000% Above Cost

“While health workers and the vulnerable continue to go unvaccinated in developing countries, Pfizer is shamelessly fleecing the public for ever-greater sums of money,” said one campaigner.

By Jake Johnson  Published 10-21-2022 by Common Dreams

Photo: U.S. Secretary of Defense/flickr

Vaccine equity campaigners on Friday condemned Pfizer for announcing that it will soon raise the price of its publicly funded Covid-19 shot to between $110 and $130 per dose in the U.S., a move that comes as the Biden administration is preparing to end the nation’s free coronavirus vaccine program as pandemic response funding runs dry.

Reuters reported late Thursday that Angela Lukin, an executive at Pfizer, said the New York-based pharmaceutical giant “expects” that the vaccine “will be made available at no cost to people who have private insurance or government-paid insurance.” Continue reading

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Biggest Oil Giants Made ‘Eye-Popping’ $205 Billion in Profits in 2021: Report

Now, fossil fuel giants are trying to “cash in on inflation and the crisis in Ukraine,” said one critic.

By Kenny Stancil.  Published 3-15-2022 by Common Dreams

Photo: Thomas | Mutch Games/Twitter

While millions of working people have been hurt by surging gas prices, a new analysis out Tuesday shows that 25 of the world’s biggest fossil fuel corporations collectively pulled in an “eye-popping” $205 billion in profits last year—and Big Oil is exploiting Russia’s war on Ukraine to charge even more at the pump in 2022 and advance its financial interests.

According to a new report from government watchdog Accountable.US, top oil and gas companies took “full advantage” of last year’s sky-high prices and record profits. Fourteen firms rewarded shareholders with more than $35 billion in stock buybacks and dividend bumps. Continue reading

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