Pfizer May Go Bankrupt, Financial Markets Realize – Comment from Tuck Class of ’87 Graduate
Last Friday after the market closed Pfizer, in a Friday night special reminiscent of bank weekend bank closures during the GFC, issued a dire warning about its declining revenues. Its stock is now down sharply in 2023 and, as this incisive essay notes, trades 25% below levels of 5 years ago. A stunning denouement after its coffers were filled with over 100 billion dollars of revenue from global government purchases and corresponding mandates for its alleged transmission/infection-stopping, life-saving mRNA vaccines.
Two adages come to mind in the disclosures contained in the essay: economic laws ultimately supersede government attempts to suppress market forces, and the cover-up is always harder than the crime.
After being a loyal, annual donor to the Amos Tuck Graduate School of Business since my graduation in 1987, I terminated all donations to Dartmouth during the COVID-19 pandemic. The College’s policies for lockdowns and then vaccine mandates had no basis in my judgment of scientific or public health principles and made a mockery of medical ethics. Dartmouth’s turning of a willful blind eye to groups protesting the mandates or pointing out the questionable safety of the COVID-19 vaccines was perhaps as reprehensible as the policies themselves.
Zero attendance of leadership at the React 19’s Spring 2023 Hanover Symposium was just one more sign of an attempt to gaslight and censor heretofore prestigious scientists, virologists, epidemiologists, and vaccinologists who were raising alarm bells about the MRNA vaccines. As you know, Dartmouth was one of a small handful of institutions, along with the NIH and Scripps, sharing in the 400 million Moderna Royalty pie. The college’s athletic motto of Go Green is a tad ironic considering its participation in the Covid riches was backed up by college vaccine mandates. These mandates completely ignored the risk stratification of COVID-19 (adverse events of hospitalization, death, or severe illness were almost zero risk for the College’s student population) and swept notions of informed consent embodied in medical ethics (and the Nuremberg Code) under the rug.
I hope that some sort of body is established to investigate the College’s policies during COVID-19 and that this body is willing to listen to those harmed and those scientists and doctors raising concerns very early in the pandemic. I also hope that Dartmouth has engaged counsel to examine its ultimate legal complicity and exposure to what may indeed be fraudulent practices by both Pfizer and Moderna in the development, testing, and administration of its mRNA COVID-19 vaccines. While the PREP Act liability shield may appear extensive and armor-coated, if fraud is exposed, all bets are off.
Steve Berger, Tuck Class of 1987
One of our country’s most important freedoms is that of free speech.
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