In many ways, the COVID pandemic was probably the best thing to happen to Pfizer in the history of the company. From the start of the pandemic in 2020 through last year, profits were skyrocketing as people lined up for their vaccines and other medical “advancements.” Not only was the American government forcing people to take their products, but the taxpayers were funding all of their research and testing. It was the closest thing to a sure bet you’d ever want to see. But as the saying goes, that was then and this is now. People are steering clear of COVID vaccines and antiviral treatments, and the company recorded its first net loss in five years. Cue the world’s tiniest violin. (Yahoo Finance)Read More
Pfizer Records Losses as Popularity of COVID Products Plummets
