About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “Biden Blames Trump for Failing to Order Enough Covid Vaccines for U.S.” – below is their description.
President Joe Biden on Friday slammed Donald Trump for failing to secure enough Covid-19 shots as he toured a Michigan facility where Pfizer Inc. is manufacturing its vaccine.
“My predecessor — as my mother would say, God love him — failed to order enough vaccines,” Biden said Friday, repeating criticism he’s repeatedly made of his predecessor. “Failed to mobilize the effort to administer the shots. Failed to set up vaccine centers.”
In remarks delivered at the facility, Biden sought to reassure the public that the shots are safe and described efforts by his administration to increase supplies and vaccination sites. He also sought to rally support for his $1.9 trillion economic stimulus plan that he proposed in response to the pandemic.
The plant, in Portage, just outside Kalamazoo in southwest Michigan, is Pfizer’s largest manufacturing facility. There, the company’s coronavirus vaccine is formulated and filled into vials before being shipped for distribution.
Biden’s visit was just his second trip away from the East Coast since taking office last month, following a Tuesday appearance in Milwaukee, Wisconsin, at a CNN town hall. Last week, he toured the National Institutes of Health in Maryland, getting a first-hand look at federal research on the virus.
Since taking office, Biden has ordered an additional 100 million doses of Pfizer’s vaccine, bringing the total to 300 million, which is enough for 150 million people. The Pfizer and Moderna vaccines each require two doses. The president said Tuesday that Pfizer agreed to speed up shipments after Biden invoked the Defense Production Act, which enables the government to nationalize manufacturing in emergencies.
Unlike Moderna, Pfizer declined full participation in the government’s “Operation Warp Speed” vaccine-development program under former President Donald Trump. Biden has since scrapped that name.
Before Friday’s virtual meeting of the leaders of the Group of Seven nations, White House officials on Thursday said the U.S. would immediately commit $2 billion to the effort known as Covax, which aims to help lower-income countries with vaccines. Biden will pledge an additional $2 billion through 2021 and 2022 on condition that other nations’ fulfill their commitments.
A third vaccine, from Johnson & Johnson, would require only one shot but the administration said Wednesday that it sees its distribution starting out slowly once it’s authorized by the FDA, which will likely happen within a few days of a Feb. 26 meeting to consider the company’s application and clinical data.
Pfizer Chief Executive Officer Albert Bourla introduced Biden, calling him a “great ally” who helped obtain materials to expand capacity. Bourla said Friday that the company will use more of its manufacturing capacity and work with new suppliers to step up production of the vaccine it developed with BioNTech SE.
Biden has regularly touted his administration’s progress accelerating vaccinations, and has encouraged any American with the opportunity to get a shot.
“I can’t tell you a date when this crisis will end but I can tell you we’re doing everything possible to have that day come sooner rather than later,” Biden said.
Despite the president’s criticism of Trump, Biden’s administration has made only modest changes to the previous administration’s vaccine plan.
The U.S. has given about 1.58 million shots per day over the past week, according to the Bloomberg Vaccine Tracker, up from an average of roughly 900,000 per day in the week before Biden took office. Supply is increasing as Pfizer and Moderna Inc., the other company whose vaccine was granted emergency authorization by the Food and Drug Administration, ramp up their production, as well as efforts led in part by the Biden administration to increase the number of people able to administer vaccines.
If the vaccine is authorized, the administration’s contract would be for 100 million doses by the end of June. White House Covid-19 Response Coordinator Jeff Zients said Wednesday that those deliveries would begin with just a few million doses and most distribution would be “back-end loaded.”Bloomberg Quicktake: Now YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
In This Story: BioNTech
BioNTech SE (NASDAQ: BNTX) is a German biotechnology company dedicated to the development and manufacture of active immunotherapies for a patient-specific approach to the treatment of serious diseases.
5 Recent Items: BioNTech
In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
5 Recent Items: COVID-19
In This Story: Donald Trump
Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.
5 Recent Items: Donald Trump
In This Story: Joe Biden
Joe Biden is an American politician serving as the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009.
He is married to Dr Jill Biden.
Books by Joe Biden #Ad
6 Recent Items: Joe Biden
In This Story: Moderna
Moderna is an American biotechnology company based in Cambridge, Massachusetts that focuses on drug discovery, drug development, and vaccine technologies based exclusively on messenger RNA.
CEO: Stéphane Bancel (2011–)
Stock ticker: (NASDAQ:MRNA)
5 Recent Items: Moderna
In This Story: Pfizer
Pfizer Inc. (NYSE: PFE) is an American multinational pharmaceutical corporation headquartered in New York City. In 2012, it was one of the world’s largest pharmaceutical companies and ranked 57 on the 2018 Fortune 500 list of the largest United States corporations by total revenue.