“Pharma execs and shareholders are making a killing from a crisis they helped to create,” said one justice campaigner.

By Jon Queally.  Published 12-5-2021 by Common Dreams

Photo: Baltimore County Government/flickr/CC

In the first week that the Omicron variant sparked global fears of a new wave of infections, a small handful of investors and executives with Pfizer and Moderna—currently the world’s preeminent makers of Covid-19 vaccines—saw over $10 billion in new wealth, with the Moderna’s CEO alone adding over $800 million to his personal fortune.

Based on data compiled by Global Justice Now and released Saturday, “just 8 top Pfizer and Moderna shareholders” added a combined $10.31 billion to their fortunes last week after stock prices soared in response to the emergence of Omicron. According to a statement by the group: Continue reading →