This would enable the EU to purchase up to 600 million doses of this vaccine, which is already being used across the EU. The Commission proposed to create a Digital Green Certificate to facilitate safe free movement inside the EU during the COVID-19 pandemic. The Digital Green Certificate will be a proof that a person has been vaccinated against COVID-19, received a negative test result or recovered from COVID-19.
- The Council adopted the Commission’s proposal for a temporary derogation from the rules governing “European Companies ” and the European Cooperative Society , only four weeks after the Commission had proposed it.
- The South-East Asia Pandemic Response and Preparedness programme will be implemented by the World Health Organization, working closely with national authorities and the ASEAN Secretariat.
- The vaccine brought in $3.5 billion in revenue for Pfizer in the first three months of 2021, nearly a quarter of its total revenue.
- In total, there are now nine countries hosting the common European stockpiles of medical equipment.
This first emergency funding under Horizon Europe adds to a range of EU-funded research and innovation actions to fight the coronavirus and contributes to the Commission’s activities in preventing and responding to the impact of coronavirus variants. A shipment of urgently needed oxygen, medicine and equipment has been prepared by EU Member States and will be delivered to India, following the country’s request for support through the EU Civil Protection Mechanism. The EU has submitted its proposal seeking the commitment of World Trade Organization members for a multilateral trade action plan to expand the production of COVID-19 vaccines and treatments, and ensure universal and fair access. “We have delivered enough vaccines to Member States to be in a position to vaccinate fully at least 70% of EU adults still this month”, said Commission President Ursula von der Leyen as the EU marked a new milestone in the vaccination campaign on 11 July. She stressed however COVID-19 was not yet defeated, and that the EU was prepared to deliver more vaccines, including against new variants. The EU has reached a crucial milestone with 70% of the adult population now fully vaccinated.
The Commission adopted an additional package of exceptional measures to support the wine sector, one of the hardest hit agri-food sectors in the coronavirus crisis. These new measures include the temporary authorisation for operators to self-organise market measures, the increase of the EU’s contribution for wine national support programmes, and the introduction of advance payments for crisis distillation and storage. The Commission presented immediate short-term measures to strengthen EU health preparedness for potential future COVID-19 outbreaks. They range from actions in testing and contact tracing, improved public health surveillance and widened access to medical countermeasures.
The Commission scaled up the emergency call launched in January to fight the COVID-19 outbreak. On 31 March, the Commission decided to support 1 additional project bringing the number of supported projects up to 18. They involve 140 research teams from across EU and beyond, and are funded with a total budget of € 48,5 million from Horizon 2020. The Commission presented an immediate response to mitigate the socio-economic impact of the COVID-19 outbreak, centred on a European coordinated response, and via a range of tools, e.g. State aid, flexibility of the European fiscal framework, liquidity to the banking sector, EU budget, and more.ENTRY INTO FORCE 1 April 2020.
Build and maintain your watch list with the latest news and analysis of the market’s top-rated growth stocks. The RS Rating measures a stock’s 12-month running performance against all other stocks. That RS Rating means Pfizer stock ranks in the bottom quarter of how to trade etf all stocks in terms of performance over the last year. Leading stocks tend to have Composite Ratings of 95 or better, according to IBD Digital. For 2022, analysts surveyed by FactSet call for Pfizer to report earnings of $6.49 a share, minus some items, up 47%.
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In addition, over €148 million will be granted to another 36 companies set to contribute to the Recovery plan for Europe, bringing the total investment from Horizon 2020, the EU’s research and innovation programme, to €314 million in this round. The coronavirus pandemic has been accompanied by a massive wave of false or misleading information, including attempts by foreign actors to influence EU citizens and debates. In the Joint Communication, the Commission and the EU High Representative analysed the immediate response and proposed concrete actions that can be quickly set in motion to fight disinformation around the coronavirus pandemic. The European Investment Bank and immunotherapy company BioNTech SE signed a €100 million financing agreement to support the development of BNT162, the company’s COVID-19 vaccine programme. BioNTech is the first European company to enter clinical testing, having started a clinical trial in Germany in April and a further clinical trial in the United States at the beginning of May.
The funds will complement the EUR 400 million in guarantees the EU already committed for COVAX, making the Union one of the leading donors. As part of Team Europe’s global response to the coronavirus pandemic, the EU announced a new €20 million programme to support the preparedness and response capacities of partners in the Association of Southeast Asian Nations . The South-East Asia Pandemic Response and Preparedness programme will be implemented by the World Health Organization, working closely with national authorities and the ASEAN Secretariat. It will enhance regional coordination of the COVID-19 response and strengthen the capacity of health systems in South-East Asia, while paying special attention to vulnerable populations. Belgium, the Netherlands and Slovenia will become new host countries for rescEU medical supplies.
The Commission will build a gateway to ensure all certificates can be verified across the EU, and support EU countries in the technical implementation of certificates. The Commission introduced the principles of reciprocity and proportionality as new criteria to be considered for authorising exports under the transparency and authorisation mechanism for COVID-19 vaccine exports. Nevertheless, the objective to ensure timely access to COVID-19 vaccines for EU citizens is still not met. European Commission President Ursula von der Leyen announced at the G20 Global Health Summit a Team Europe initiative on manufacturing and access to vaccines, medicines and health technologies in Africa. The initiative will help create an enabling environment for local vaccines manufacturing in Africa and tackle barriers on both supply and demand sides, backed by €1 billion from the EU budget and the European development finance institutions.
As stocks continue their rally, several major financial institutions are now predicting a significant downturn in global equity markets. „We continue to like the company’s strategy with a core focus on urban/suburban charging at good site locations with notable partnerships with vehicle OEMs, rideshare and autonomous vehicle companies,“ analyst Bill Peterson wrote. However, „we think its network throughput growth will likely be dampened as a result of slower site growth.“ Although Viasat is set to take over British rival Inmarsat—the leader of maritime broadband connectivity—pending regulatory approval, DiPalma believes the merger still presents risks. The analyst noted that Inmarsat’s maritime division posted growth of only 2% during last year’s third quarter. Other competitors such as SpaceX and OneWeb are expected to expand to the maritime industry as well, which could increase pricing pressure in the market.
Learn about where we work around the globe and the programs we’ve created to address urgent issues in global health, global development, and education. The Pfizer-BioNTech lower dose COVID-19 vaccine is currently the only one available for children between the ages of 5–11. Parents and guardians with questions about COVID-19 vaccines should talk with their child’s physician. In common with all companies quoted on the NYSE its shares actively change hands between 9.30am and 4.00pm Eastern Time , Monday to Friday .
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€10 million are granted from the EU’s research and innovation programme, Horizon 2020, to support research into the new coronavirus disease. The Commission launched an emergency request for expressions of interest for research projects. An advisory panel on COVID-19 composed of epidemiologists and virologists from different Member States is brought together to formulate EU guidelines on science-based and coordinated risk management measures. The Commission adopted aTemporary Framework to forexee forex enable Member States to use the full flexibility foreseen under State aid rules to support the economy in the context of the COVID-19 outbreak. Rules to protect the most deprived EU citizens and to help EU fishermen as part of this instrument entered into force on 24 April. A team of European doctors and nurses from Romania and Norway, deployed through the EU Civil Protection Mechanism, was dispatched to Milan and Bergamo to help Italian medical staff working to battle the coronavirus.
This payment will help to kick-start the implementation of the crucial investment and reform measures outlined in Slovenia’s recovery and resilience plan. The Commission adopted a positive assessment of Romania’s recovery and resilience plan, an important step towards the EU disbursing €14.2 billion in grants and €14.9 billion in loans to Romania under the Recovery and Resilience Facility. This financing will support the implementation of the crucial investment and reform measures outlined in Romania’s recovery and resilience plan. The Commission adopted a positive assessment of Finland’s recovery and resilience plan, an important step towards disbursing €2.1 billion in grants to Finland under the Recovery and Resilience Facility. The financing provided by the RRF will support the implementation of the crucial investment and reform measures and play a significant role in enabling Finland to emerge stronger from the COVID-19 pandemic. The Commission disbursed €1.8 billion to Romania in pre-financing, equivalent to 13% of the country’s grant allocation under the Recovery and Resilience Facility.
The foundation’s goal with this investment was to work with BioNTech to develop vaccines and immunotherapies for preventing HIV and tuberculosis infection. The Gates Foundation has been instrumental this year in funding coronavirus vaccine programs. But the foundation hasn’t just handed money over to drugmakers; it’s also invested in a few of them. As of May 2021, The Vanguard Group, with a 7.59% stake in Pfizer, is the company’s biggest single stockholder. The Vanguard Group is a US-based investment advisor with around $6 in global assets, and offers brokerage services and financial planning to a wide range of clients. Analysts polled by FactSet also call for adjusted earnings of $1.06 per share, down 2 cents year over year.
During EU leaders‘ videoconference on the response to the COVID-19 outbreak, the Commission received a mandate to further step up its response to the coronavirus, and coordinate Member State actions. President von der Leyen announced a “Corona Response Investment Initiative” that should enable around €60 billion of unused cohesion policy funds to be redirected to the fight against the coronavirus.ENTRY INTO FORCE 1 April 2020. The Commission took steps to protect the availability of supplies of personal protective equipment , by requiring that exports of such equipment outside of the European Union are subject to an export authorisation by Member States. The Commission presented guidelines to Member States on health-related border management measures.
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The RRF is the key instrument at the heart of NextGenerationEU, the EU’s plan for emerging stronger from the current crisis. It will make €672.5 billion in loans and grants available to support reforms and investments of EU countries. The Commission proposed to the EU countries to purchase an additional 200 million doses of the COVID-19 vaccine produced by BioNTech and Pfizer, with the option to acquire another 100 million doses.
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The Commission disbursed a total of €17 billion to Italy, Spain and Poland in the first instalment of financial support to Member States under the SURE instrument. The European Commission took the first steps towards building the European Health Union. Drawing lessons from the current crisis, new proposals should ensure stronger preparedness and response during the current and future health crises. They include actions to strengthen the EU’s health security framework, and to reinforce the crisis preparedness and response role of key EU agencies.
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The contract will allow all EU Member States to purchase up to 300 million doses of the Sanofi-GSK vaccine. Following a request for assistance from Czechia, the EU has immediately sent a first batch of 30 ventilators from rescEU – the common European reserve of medical equipment set up earlier this year to help countries affected by the coronavirus pandemic. As part of its cooperation with the Sahel, the EU announced funding of Ee92 million to strengthen the response of Burkina Faso, Mauritania, Niger and Chad to the spread of the coronavirus. The aim is to provide quality health care to the populations and reduce the economic and social impact of the pandemic. The Commission has disbursed EUR 14 billion to nine EU countries in the second instalment of financial support to Member States under the SURE instrument.
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The firm works across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases. The company was founded by Charles Pfizer Sr. and Charles Erhart in 1849 and is headquartered in New York, NY. The European Committee for Standardization and the European Committee for Electrotechnical Standardization made available a number of European standards for certain medical devices and personal protective equipment.
The EU Humanitarian Air Bridge is operating three flights to the Democratic Republic of Congo, carrying on board humanitarian workers and essential supplies to help the country tackle the coronavirus pandemic. Since the beginning of May, the EU has organised four other Humanitarian Air Bridge flights – three to the Central African Republic and one to São Tomé e Príncipe. Further flights are planned to Africa, but also to other regions with high humanitarian needs. The Commission presented Guidelines to ensure the protection of seasonal workers in the EU in the context of the coronavirus pandemic. Guidance is given to national authorities, labour inspectorates, and social partners on how to guarantee the rights, health and safety of seasonal workers, and to ensure that seasonal workers are aware of their rights. After four days of negotiations, EU leaders successfully agreed on therecovery plan for Europe.
The Commission offered up to €80 million of financial support to CureVac, a highly innovative vaccine developer from Tübingen, Germany, to scale up development and production of a vaccine against the coronavirus in Europe. By 31 March, the Commission already approved several schemes based on the Temporary Framework worth several hundred billions of euros to support Member States’ economies face the impact of the coronavirus outbreak. The Commission decided to create a strategic RescEU stockpile of medical equipment such as ventilators spectre.ai forex broker review and protective masks to help EU countries in the context of the COVID-19 pandemic. The European Commission has unlocked €1 billion from the European Fund for Strategic Investments as a guarantee to the European Investment Fund . The Commission published guidance on developing new apps that support the fight against coronavirus in relation to data protection. It aims to offer the framework to guarantee that citizens have sufficient protection of their personal data and limitation of intrusiveness while using such apps.