Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. to donate 500 million Pfizer vaccine doses to the world -sources

Stock MarketsJun 09, 2021 08:31PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A vial and syringe are seen in front of a displayed Pfizer logo in this illustration taken January 11, 2021. REUTERS/Dado Ruvic/Illustration

By Trevor Hunnicutt and Carl O'Donnell

WASHINGTON (Reuters) -The Biden administration plans to donate 500 million Pfizer (NYSE:PFE) coronavirus vaccine doses to nearly 100 countries over the next two years, three sources familiar with the matter told Reuters on Wednesday.

The United States is likely to distribute 200 million shots this year and another 300 million in the first half of next year to 92 lower-income countries and the African Union, they said.

The donations will go through the COVAX vaccine program that distributes COVID-19 shots to low- and middle-income countries. The program is led by the World Health Organization and the Global Alliance for Vaccines and Immunization (GAVI).

GAVI did not respond to a request for comment.

U.S. President Joe Biden will announce the deal on Thursday at the Group of Seven meeting of the world's wealthiest countries in Britain, one of the people said.

The deal was negotiated over the past four weeks by White House COVID-19 response coordinator Jeff Zients and the coronavirus task force team, one of the sources said.

CNBC reported on Wednesday that the United States is also talking with Moderna (NASDAQ:MRNA) Inc about buying some of its shots to donate to other countries.

A Moderna spokesperson said the company is interested in possibly providing the U.S. government with COVID-19 shots to give to low- and middle-income countries but declined to comment on any discussions.

The White House and Pfizer declined to comment.

The U.S. president told reporters before boarding Air Force One for Britain that he had a global vaccine strategy and would be announcing it but did not offer details.

The White House has been under mounting pressure to boost donations of COVID-19 shots to other countries.

The United States has given at least one shot to around 64% of its adult population and has begun vaccinating adolescents, while other countries like Brazil and India are struggling to get desperately needed doses.

"This action sends an incredibly powerful message about America’s commitment to helping the world fight this pandemic," said Tom Hart, acting chief executive of The ONE Campaign, a nonprofit working to end extreme poverty and preventable disease by 2030.

The administration is also using the U.S. vaccine supply as a tool to counter Chinese and Russian vaccine diplomacy.

The Biden administration had said it would share 80 million vaccine doses worldwide by the end of June. The White House earlier this year also pledged $4 billion to COVAX and urged other countries to boost donations as well.

Pfizer has said it expects to produce as many as 3 billion COVID-19 shots in 2021 and upwards of 4 billion next year.

The New York Times reported that the United States will buy the doses at a "not-for-profit" price, citing people familiar with the deal. They also reported that Pfizer CEO Albert Bourla will accompany Biden during the announcement.

The agreement is in addition to the 300 million shots the United States has already purchased from Pfizer and brings the total number of Pfizer/BioNTech shots purchased by the United States to 800 million, the Times said.

U.S. to donate 500 million Pfizer vaccine doses to the world -sources
 

Related Articles

Lyft names Amazon Studio's Elaine Paul as CFO
Lyft names Amazon Studio's Elaine Paul as CFO By Reuters - Dec 02, 2021

(Reuters) - Ride hailing firm Lyft Inc (NASDAQ:LYFT) on Thursday named Amazon.com Inc (NASDAQ:AMZN)'s executive Elaine Paul as its new chief financial officer, replacing Brian...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (5)
Evan Ault
Evan Ault Jun 09, 2021 10:47PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
they're rotting in coolers over here, let them have them.
Kaveh Sun
Kaveh Sun Jun 09, 2021 10:41PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden is making world great again, except usa by printing tons of money. That is 10billions give away.
Steve Lora
Steve Lora Jun 09, 2021 5:58PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Biden now the World's sugar daddy
Benjamin McIntire
Benjamin McIntire Jun 09, 2021 5:51PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
WWJD? “He would charge them fools!!” - US conservatives
Kevin Eddlemon
Kevin Eddlemon Jun 09, 2021 3:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
So the US taxpayer will be picking up the bill for the chinavirus vaccine. Brilliant move, Joe. What an embarrassment.
Steffen vdm
Steffen vdm Jun 09, 2021 3:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What did you have for breakfast? Lemons?
Benjamin McIntire
Benjamin McIntire Jun 09, 2021 3:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Disgusting mindset. Not only are we privileged enough to do this but it also benefits us as sharing the vaccine prevents harmful variants in the future.
HD HD
HD HD Jun 09, 2021 3:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the USA can't get back to normal unless the world is normal fool
Hung Pham
Hung Pham Jun 09, 2021 3:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Steffen vdm haga he has your wife for breakfast lol
Hung Pham
Hung Pham Jun 09, 2021 3:36PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
HD HD lol its normal in Texas lmao
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email