Pfizer Inc.’s (PFE) – Get Report CEO says the company has ramped up production of its COVID-19 vaccine and can deliver 10% more doses to the U.S. than previously agreed by the end of May.
CEO Albert Bourla said in a tweet that the company now anticipates delivering 220 million doses of the vaccine it developed jointly with BioNTech (BNTX) – Get Report by the end of next month, and all 300 million doses agreed on two weeks early, in July. Full vaccination requires two doses delivered several weeks apart.
The comments came as the U.S. FDA and CDC moved to pause use of a single-shot vaccine from Johnson & Johnson (JNJ) – Get Report because of concerns over extremely rare cases of blood clotting in some recipients. Read more…..
Chart of the Day
Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. Dalio is sharing his template for understanding debt crises, which he says helped him and his fund foresee and navigate the financial crisis.