From naked capitalism, February 24:
“Bankruptcy For Moderna, Definitely Pfizer”
Yves here. I’m in no position to verify the underlying data, but the fact that both Moderna and Pfizer stocks are markedly down says investors regard these concerns about vaccine liability as serious.
A lawyer buddy thinks that even if this take on the frequency of bad side effect is spot on, Pfizer and Moderna still might get off the hook on product liability in the US. However, shareholders would have them dead to rights on securities fraud, for not disclosing to investors the information they had about serious vaccine side effects and the impact that could have on willingness to get boosted. In addition, foreign countries that also gave liability waivers are not as likely to be forgiving as the US. We could see a Boeing 737 Max replay, of foreign regulators lowering the boom and the US position eventually becoming untenable.
The plural of anecdote is not data, but consider this from IM Doc:
I will report what I am hearing as recently as yesterday.
An ex-Covid-vaccine company executive.
There are lots of detonations getting ready to happen. The life insurance companies and many Wall Street firms who feel they have been defrauded are the ones getting the cannons ready to fire.
My understanding is the liability is actually not the adverse events as such. They have liability waivers for that. It is for fraud. Once fraud is proven, the liability wavers go poof. Apparently, there are people lining up with hands open willing to sell all kinds of damning documents.
We were apparently not alone with the “something is wrong” take from the earliest paper. The incident with the testing centers being accused of fraud by employees, the subsequent bmj paper about that, the two vaccinologists resigning from FDA, and now the latest CDC admissions and presenting papers for FOIA with everything redacted – all are taking a toll.
apparently, the play here is the insurance companies and hedge funds screwed by disastrous Moderna and biontech share prices are taking the lead for the fraud to be shown. Then they will sue these companies for damages.
I asked the guy if he thought it would work. His response “Pfizer certainly does.”
In the meantime, as alluded to above, this sort of thing does not inspire confidence:....
....MUCH MORE
- "Pfizer drops India vaccine application after regulator seeks local trial"
- Do Be Careful With The Moderna Patent/Covid-In-Nature Argument In The Post Immediately Below
- "The UK Govt Accepts COVID Lab Leak Theory ‘Behind Closed Doors’"
- Pfizer Down To A $47 Handle As Funeral Homes Trade Higher (PFE; SCI )
Nota Bene: the stock did indeed fill the gap and reverse, up $1.76 (+3.83%) to $47.72 on Friday after getting as low as $45.40 on Thursday. Tight stops if short until we see some hints of news a'comin'
