I like to watch the market. I do it in the morning after prayer and meditation. It’s a good indicator of not only what’s happening in the economy but also of social trends, as well as more factual, data-based news. As the CEO of Malibu Compost, I feel part of my job is to know what’s happening in the world financially. This past week something really big jumped out at me…
Pfizer stock hit a ten year low. They put the number up on the screen in red - PFIZER (PFE) 26.31, was down 2.27 an hour or so after the opening bell. It gave me a little thrill. Their falling number on the ticker tape added some excitement to my organic coffee-fueled morning. I was happy to be witnessing the drug company’s free fall. It was like the day that Scotts Miracle-Gro hit a ten year low. I can’t stand Scotts or anything about them or their products, and I was just as happy when I watched their financial collapse. They have never recovered and I hope they never will. Sorry but the purveyors of glyphosate will never get any sympathy from me.
I guess the same stands for the vaccine giant. I felt myself quietly cheering the demise of an OG member of the Big PHARMA gang. Personally, I have been a hundred percent against all of the vaccine manufacturers since they pushed the vaccines on the public far too soon in my opinion, in their rush too be the first to land on the moon. The moon here, being billions and billions of dollars in profits. I knew that there was something really fishy going on when the CDC and the Druggies started pushing their narrative that they were completely safe and effective, but then Big CHEM giants all wanted immunity from any legal recourse from their vaccines and boosters. If they were so safe and effective… why?
So, what’s happened to Pfizer, one of our pharmacological saviors? Two years ago they were raking in record profits. Why the sudden loss? There’s a few factors playing into their struggles. The first is that their Covid products - the Comirnaty vaccine and Paxlovid sales are expected to only be around $8 billion in 2024. That is down from $57 billion over a year ago. That’s almost a 90% drop in sales. Boo-hoo. I’m so sad for Pfizer and Albert Bourla, their chairman and CEO.
I remember watching him speak when being asked about the vaccines and he was so adamant, so arrogant, so insistent that the Pfizer vaccines were completely safe and totally effective. I can’t stand it when people are so smug, acting like we’re all a bunch of idiots and that we should be kissing the ground they walk on. The financial demise over at PFE couldn't be happening to a nicer guy. He’s the same Mr. Smuggles who came under fire a while back after his comment that two doses of the Pfizer-BioNTech COVID-19 vaccine offered “very limited protection” against the Omicron variant of the coronavirus. The social media platforms and alphabet news networks rushed to his defense and said that his statement had been misrepresented online. Yeah, I guess none of us have ears, or a brain to go with them.
Although Bourla's comments about lower levels of protection for the Omicron variant may have been taken out of context by some, the truth of the matter is that the vaccine wasn’t effective, or at least not as effective as the drug companies had claimed their miracle cure for Covid was to be. I believe this is why Pfizer and the other drug companies are seeing such a drop in sales of their Covid “products” and more importantly to them, their profits drying up.
In America, the numbers just keep dropping. According to Statista, the U.S has a fully vaccinated rate of 69.4%. I don’t believe that for a minute when the “taken 1 dose” rate is 81.3% and the latest booster rate is down to 16.8%. I think those numbers since the days of the incessant CDC and Fauci fear mongering on every platform have been going down, down, down, just like Pfizer’s stock. Even Fauci himself admitted that the COVID-19 vaccines and boosters had waning immunity to COVID-19, which of course the “fact checkers” rushed in to say his words were being twisted. Probably by some, and probably not scrutinized enough by others. By the way, fact checkers, like Reuters aren’t really fact checkers, they are news corporations who are beholden to the same secret corporate handshake that dishes up the news that only the global elite who run them and own them want dished up. Don’t forget that. If you think they’re giving you the truth, or just the facts, ever… they’re not.
My gut is that people quit trusting the “Science,” the CDC, the WHO and the government when it came to Covid. The messaging was wrong. The tactics were over the top. And I believe irrevocable damage has been done to the medical profession and the bond, the trust that they must have to disseminate public health information.
The final batch of documents have been released by the FDA that they used to make their decision to approve the Pfizer Comirnaty Covid-19 vaccine. There is a lot of information in there that suggests not everything was hunky dory in Big CHEM-land when they licensed the vaccine. Inside the over 50,000 pages of disclosures, there are claims by the FDA with concerns of serious risk of myocarditis and pericarditis. Both of these issues have played out in the medical landscape post-Covid.
The bottom line is that no matter where you fall on the medical and social crisis that was imposed on the globe, the interest and belief in the need for these vaccines and boosters is going away. People have gotten the vaccine and then gotten Covid. That’s a fact that the drug companies can’t refute and it’s why in my opinion that vaccine makers have been up against the wall the past couple of years. Demand for the vaccines, and government subsidies for them, the handouts that these Big PHARMA players were getting while reaping record profits are long gone.
Moderna shares are down almost 85% from the 2021 high and Johnson & Johnson are down around 15% from their peak. I hope that this stock market and vaccine demand trend keep going in the right direction… down! I don’t think that this was ever the right course of action. I think the government blew it. I think the health officials blew it. And, I think the profiteers, the vaccine makers blew it in their race for greed.
A lot of us have to use medications that none of us want to have to use. I understand that. I am grateful for the drugs that save people’s lives everyday. But I am not happy with the constant drive for more and more profit at the cost of health. I think that many people had much higher hopes than they were delivered by everyone involved in Operation Warp Speed. In fact, there is a good argument to be made that many poor people have suffered catastrophic injury, even death from this allegedly well intentioned race to stave off Covid. If that is the measure, than it has failed.
The drug companies are now onto their next high - weight loss. I’m not so sure that we need pills of Big PHARMA to help us lose weight. Maybe some moderation mixed in with a real organic salad might help. My advice as always is, you get what you pay for, and be sure to know who you’re buying things from. It still pleases me to see that Pfizer is struggling. I hope that trend continues and I hope that CEO’s like theirs, and their board of directors and their investors all get what they deserve… underperformance, unprofitability and a big un-recommend from all of the financial advisors.
Nailed it, per usual!