News StoriesExcerpts of Key News Stories in Major Media
Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
Japan has approved a plan to release more than one million tonnes of contaminated water from the destroyed Fukushima nuclear plant into the sea. The water will be treated and diluted so radiation levels are below those set for drinking water. But the local fishing industry has strongly opposed the move, as have China and South Korea. Tokyo says work to release water used to cool nuclear fuel will begin in about two years. The final approval comes after years of debate. Reactor buildings at the Fukushima power plant were damaged by hydrogen explosions caused by an earthquake and tsunami in 2011. The tsunami knocked out cooling systems to the reactors, three of which melted down. More than a million tonnes of water have been used to cool the melted reactors. Currently, the radioactive water is treated in a complex filtration process that removes most of the radioactive elements, but some remain, including tritium - deemed harmful to humans only in very large doses. It is then kept in huge tanks, but the plant's operator Tokyo Electric Power Co (TepCo) is running out of space, with these tanks expected to fill up by 2022. About 1.3 million tonnes of radioactive water - or enough to fill 500 Olympic-sized swimming pools - are currently stored in these tanks. Environmental groups like Greenpeace have long expressed their opposition to releasing the water into the ocean. The NGO said Japan's plans to release the water showed the government "once again failed the people of Fukushima".
Note: For more along these lines, see concise summaries of deeply revealing news articles on the Fukushima nuclear disaster from reliable major media sources.
Two weeks before Devani's second birthday, she was taken away from her parents in Tucson by a state child-welfare caseworker. The little curly-haired girl seemed to be well-fed and cared for, but the caseworker cited drugs in the home and alleged domestic violence in deciding that Devani would be safer, at least temporarily, in foster care. Instead, over the next four years – as her mother fought to get her back – Devani suffered an odyssey of mistreatment in a succession of foster homes. She was physically abused. She was placed with David Frodsham, a man subsequently convicted of child molestation, who investigators suspect repeatedly sexually assaulted her and other foster children while he ran a pedophilia ring. And that would not be the worst that Devani would face. Foster parents who harm children the state leaves in their care are tracked in only the broadest terms. The state handles verified allegations of neglect or abuse in foster families much as it does those in other families. But officials admit they don't really analyze the data for patterns of foster-care problems that could be prevented. And data shows caseworkers often don't talk privately with children to identify what happens to them in foster care. Those children's families say the problem is real. Of 42 families interviewed for this story who had children removed, 11 alleged that their children were physically or sexually abused, exposed to drugs or harmed in some other way while in foster care.
Note: More in this case available here. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and sexual abuse scandals from reliable major media sources.
Sitting in a barrel chest-high in ice cubes seems more like torture than a birthday treat. But not for Wim Hof. His techniques, combining hypoxic breathing with ice baths and cold showers, have been adopted by a cult following. Scientists are studying his almost superhuman ability to eliminate fear and control his immune response. Now, a lot of regular people are taking his advice. Amanda Henry, a mother and sixth-grade teacher ... says the stress of distance learning pushed her into 5 a.m. cold showers and Wim Hof breathing. She says the practice helps her to keep her patience. For years, the Iceman, as Mr. Hof is called, gained publicity–and some ridicule–for daredevil feats such as sitting for hours on bare ice. In 2013, researchers ... found that 12 people trained by Mr. Hof and then injected with E. coli had milder flulike symptoms than an untrained control group. In 2019, tests indicated a significant decrease in inflammation in 13 people suffering spinal arthritis over eight weeks of training in breathing, meditation and cold exposure. Mr. Hof's career was born out of tragedy. He was in the Pyrenees working as a mountain guide when his wife died by suicide in 1995. "That's the way it actually began–the real trial of my life," he says. "We were left behind with broken hearts, four kids and no money." Swimming in icy cold water had for years been a pastime. Now, he found it stopped the rumination and pain. Cold water causes you to be in the moment, he says. "Going into the cold brought ... stillness in my mind."
Note: This article is available for free viewing on this webpage. Learn more and find an incredible documentary on Wim How on this webpage. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A pilot project in a California town is paying homeless residents to tidy up their living areas, and it's changing the culture of the city. The idea stemmed from a conversation with one of the city's police sergeants, said Sarah Bontrager, the housing and public services manager for Elk Grove, a city of 174,000 people located 15 miles south of Sacramento. "We got together to talk about homelessness, and from my prospective I wanted to build better relationships with people who were experiencing homelessness, and he wanted to address some of the complaints that come to his officers," Bontrager told CNN. The number one complaint surrounding homelessness was the amount of trash. "Our public works staff were previously doing cleanups out at encampment sites ... and just spending a lot of time and money doing it. We also wanted a way to reduce interactions at the early stages of Covid," she said. So they came up with the idea to offer an incentive to those who live in the homeless encampments to clean up their area. "We distribute trash bags, and we go out every two weeks to pick up the trash, and if they have it bagged, they are eligible for up to $20 in gift cards to a grocery store," Bontrager said. The recipients can use the gift cards on anything but cigarettes and alcohol. Bontrager said that they usually use them for food or hygiene items. Many of the homeless residents have expressed how thankful they are to be able to go pick out items themselves instead of relying on shelters.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Baltimore City State's Attorney Marilyn Mosby says the city will no longer prosecute for prostitution, drug possession and other low-level offenses. Mosby made the announcement on Friday following her office's one-year experiment in not prosecuting minor offenses to decrease the spread of Covid-19 behind bars. "Today, America's war on drug users is over in the city of Baltimore. We leave behind the era of tough-on-crime prosecution and zero tolerance policing and no longer default to the status quo to criminalize mostly people of color for addiction, said Mosby. The experiment, known as The Covid Criminal Justice Policies, is an approach to crime developed with public health authorities. Instead of prosecuting people arrested for minor crimes ... the program dealt with those crimes as public health issues and work with community partners to help find solutions. The program has led to decreases in the overall incarcerated Baltimore population by 18%. Violent and property crimes are down 20% and 36% respectively. Mosby said her office will no longer prosecute the following offenses: drug and drug paraphernalia possession, prostitution, trespassing, minor traffic offense, open container violations, and urinating and defecating in public. The state's attorney's office is also working with the Baltimore Police Department and Baltimore Crisis Response Inc. (BCRI), a crisis center dealing with mental health and substance abuse issue, to offer services instead of arresting individuals.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
Just as the Biden administration is pushing to raise taxes on corporations, a new study finds that at least 55 of America's largest firms paid no taxes last year on billions of dollars in profits. The sweeping tax bill passed in 2017 by a Republican Congress and signed into law by President Donald Trump reduced the corporate tax rate to 21% from 35%. But dozens of Fortune 500 companies were able to further shrink their tax bill – sometimes to zero – thanks to a range of legal deductions and exemptions that have become staples of the tax code. Salesforce, Archer-Daniels-Midland and Consolidated Edison were among those named in the report, which was done by the Institute on Taxation and Economic Policy. Twenty-six of the companies listed, including FedEx, Duke Energy and Nike, were able to avoid paying any federal income tax for the last three years even though they reported a combined income of $77 billion. Many also received millions of dollars in tax rebates. Publicly traded corporations are required to file financial reports. The institute used that data along with other information supplied by each company. The $2.2 trillion coronavirus relief act ... contained a provision that temporarily allowed businesses to use losses in 2020 to offset profits earned in previous years. Tax avoidance strategies include a mix of old standards and new innovations. Companies, for example, saved billions by allowing top executives to buy discounted stock options in the future and then deducting their value as a loss.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
There literally are objects flying around that no one, including U.S. Navy pilots, can identify, and we have to puzzle out what that means. The U.S. government continues to tiptoe toward the normalization of the idea of unidentified flying objects (UFOs). Last year the Department of Defense released three videos (one recorded in 2004 and the other two in 2015) of U.S. Navy pilots seeing something and having no idea what it was. In its news release, the Pentagon said, "the aerial phenomena observed in the videos remain characterized as â€unidentified,'" putting the U in UFO. The Pentagon went further in August 2020, announcing the establishment of an Unidentified Aerial Phenomena (UAP) Task Force. The Pentagon explained, "The mission of the task force is to detect, analyze and catalog UAPs that could potentially pose a threat to U.S. national security." 10 days ago, former director of national intelligence John Ratcliffe went on Fox News and made a whole bunch of claims about what the U.S. intelligence community knew about UAPs, including that a Pentagon report would soon be released revealing even more information. If UAPs are extraterrestrials ... it is not humans contacting extraterrestrials but rather those extraterrestrials actively observing us. Furthermore, they seem to be doing so in a way that is not destructive. That is promising! Observation without the intent to destroy suggests a civilization that is much less violent than, say, Spanish conquistadors.
Note: The gradual roll out by government and media continues with this article. Where are those who are willing to talk about the major UFO activities which have been well known and established for decades in the UFO community? This two-page summary gives quotes and links for verification from well known astronauts, top military officials and others who have had personal experience with UFOs and ETs. For more along these lines, see concise summaries of deeply revealing news articles on UFOs from reliable major media sources.
When West Virginia declared a state of emergency to arrest the coronavirus, the social network that aids the homeless froze along with everything else. Ordered to shelter in place, people without shelter died at an alarming rate. In a bad year here ... two to four of the unhoused die. Over the past year, they have tallied 22 deaths, a sevenfold increase. Only two of the deaths are suspected to be from COVID-19. But all occurred during the collapse of the safety net that in normal times addresses the complex mix of afflictions–trauma, medical conditions, addiction–that accompany homelessness, and worsened during the profound isolation of the pandemic. What happened in [West Virginia] is happening across the country. Even before the pandemic lockdowns that fell hardest on low-income Americans –– and stand to push more people out of their homes –– the Department of Housing and Urban Development reported U.S. homelessness at 580,466 people, up 7% from a year earlier. Deaths are rising even faster. In San Francisco, the department of public health says deaths tripled over the past year in an unhoused population of 8,035. In Los Angeles, home to a vast homeless population tallied at 41,290, deaths increased by 32%. Homeless deaths in Washington, D.C., soared by 54%. In New York City, the Coalition for the Homeless reported a death rate up 75%. And over the past year, they died ... at a rate many times higher than the rate of deaths from the virus.
Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and income inequality from reliable major media sources.
For exactly a year during the pandemic, the United States did not see a single high-profile public mass shooting. But a surge in daily gun violence contributed to an estimated 4,000 additional murders throughout 2020, in what experts warn will probably be the worst single-year increase in murders on record. There were only two public shootings in 2020 that primarily targeted strangers, were not related to other crimes and killed at least four victims – one standard definition researchers use to classify "mass shootings" – according to two databases that track this kind of gun violence. That's the lowest annual count of high-profile mass shootings in America in nearly a quarter-century, according to Jillian Peterson, the founder of the Violence Project. At the same time, the number of people murdered in everyday violence last year surged in cities large and small. Early estimates suggest the US may have seen at least 4,000 more murders last year than in 2019, and potentially as many as 5,000 more, according to projections based on FBI data, though complete official statistics will not be available until the fall. The number of all murders rose 25% across the country in 2020, with double-digit increases in small, medium and large cities, according to preliminary data from a large subset of law enforcement agencies that the FBI released last week. That would be the highest single-year increase, both in the murder rate and in the total number of additional murders, going back to 1960, the earliest year national crime data is available.
Note: Listen to an excellent 10-minute statement by Edward Snowden on the underlying causes of this increase in violence. For more along these lines, see concise summaries of deeply revealing news articles from reliable major media sources.
Bill Gates has never been a farmer. So why did the Land Report dub him "Farmer Bill" this year? Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. A 2018 purchase of 14,500 acres of prime eastern Washington farmland – which is traditional Yakama territory – for $171m helped him get that title. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. To put that into perspective, that's nearly the size of Hong Kong and twice the acreage of the Lower Brule Sioux Tribe, where I'm an enrolled member. A white man owns more farmland than my entire Native nation! The relationship to land – who owns it, who works it and who cares for it – reflects obscene levels of inequality and legacies of colonialism and white supremacy in the United States, and also the world. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. Our era is dominated by the ultra-rich ... and a burgeoning green capitalism. And Bill Gates' new book How to Avoid a Climate Disaster positions himself as a thought leader in how to stop putting greenhouse gases into the atmosphere and how to fund what he has called elsewhere a "global green revolution" to help poor farmers mitigate climate change. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyone's guess. Investment firms are making the argument farmlands will meet "carbon-neutral" targets for sustainable investment portfolios.
Note: For more along these lines, see concise summaries of deeply revealing news articles on income inequality from reliable major media sources.
A small group of scientists and others who believe the novel coronavirus that spawned the pandemic could have originated from a lab leak or accident is calling for an inquiry independent of the World Health Organization's team of independent experts sent to China last month. Officials with the W.H.O. have said in recent interviews that it was "extremely unlikely" but not impossible that the spread of the virus was linked to some lab accident. The open letter ... lists what the signers see as flaws in the joint W.H.O.-China inquiry. The letter emphasized that the team was denied access to some records and did not investigate laboratories in China. Dr. David A. Relman, a professor of medicine and microbiology at Stanford University [said] "the W.H.O. investigation appears to be biased, skewed, and insufficient." Richard Ebright, a molecular biologist at Rutgers University and one of the scientists who signed the letter, said it grew out of a series of online discussions among scientists, policy experts and others who came to be known informally as the Paris group. Many of those who signed the letter were based in France and Dr. Ebright, who has been outspoken about the need to investigate a possible laboratory leak, said such discussion had been less vigorous in the United States. He said that no one in the group thought that the virus had been intentionally created as a weapon, but they were all convinced that an origin in a lab through research or by accidental infection was as likely as a spillover occurring in nature from animals to humans.
Note: Read more about the controversial "gain-of-function" research that took place at the Wuhan Institute of Virology. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
When thousands of New Yorkers poured into the city's streets last summer following the police killing of George Floyd in Minneapolis, they were met with the very police violence they had come to protest. New York police arrested hundreds of people, many with no probable cause. Over multiple incidents, police regularly and unjustifiably used force against peaceful protesters, with state investigators finding that they beat people with blunt instruments at least 50 times, unlawfully pepper-sprayed them in at least 30 instances, and pushed or struck protesters at least 75 times. Officers targeted and retaliated against people engaging in constitutionally protected activity, New York Attorney General Letitia James's office concluded, and "blatantly violated the rights of New Yorkers." Leading the violent crackdown was the New York Police Department's Strategic Response Group, or SRG, a heavily militarized, rapid-response unit of several hundred officers. Investigators found a disproportionate number of SRG officers accused of wrongdoing to have exceeded their legal authority, when compared with the wider department. The group earned a reputation among activists as the NYPD's "goon squad." Despite initial reassurances to the contrary, the SRG ended up policing protests far more than it did any "counterterrorism" work – already the job of the NYPD's Counterterrorism Bureau – but it brought its militarized mentality and tactics to the policing of civil unrest.
Note: For more along these lines, see concise summaries of deeply revealing news articles on police corruption from reliable major media sources.
A group of Harvard scientists plans to tackle climate change through geoengineering by blocking out the sun. The concept of artificially reflecting sunlight has been around for decades, yet this will be the first real attempt at controlling Earth's temperature through solar engineering. The project, called Stratospheric Controlled Perturbation Experiment (SCoPEx), will spend $3 million to test their models by launching a steerable balloon in the southwest US 20 kilometers into the stratosphere. Once the balloon is in place, it will release small particles of calcium carbonate. As scientists, governmental agencies around the world, and environmental groups grow increasingly worried of our collective ability to reduce greenhouse gas emissions and curb climate change, the idea of geoengineering a solution has become more accepted. The ultimate goal is to reduce the warming on Earth. This can be done by reducing greenhouse gas emissions, sucking CO2 from the atmosphere, or limiting the sunlight that reaches Earth's surface. Blocking out sunlight has been controversial in the scientific community. The controversy lies in the inability to fully understand the consequences of partially blocking out sunlight. There remain questions around this method's impact on precipitation patterns, the ozone, and crop yields globally. With funding in part by Microsoft co-founder Bill Gates, the Harvard team will begin to answer the remaining questions.
Note: What is being proposed here is clearly a form of chemtrails. Thankfully, the first scheduled tests of this geoengineering technique have been canceled. For more along these lines, see concise summaries of deeply revealing news articles on climate change from reliable major media sources.
The number of American bald eagles has quadrupled since 2009, with more than 300,000 birds soaring over the lower 48 states, government scientists said in a report Wednesday. The U.S. Fish and Wildlife Service said bald eagles, the national symbol that once teetered on the brink of extinction, have flourished in recent years, growing to more than 71,400 nesting pairs and an estimated 316,700 individual birds. Interior Secretary Deb Haaland, in her first public appearance since being sworn in last week, hailed the eagle's recovery. "The strong return of this treasured bird reminds us of our nation's shared resilience and the importance of being responsible stewards of our lands and waters that bind us together,'' said Haaland, the first Native American Cabinet secretary. Bald eagles reached an all-time low of 417 known nesting pairs in 1963 in the lower 48 states. But after decades of protection, including banning the pesticide DDT and placement of the eagle on the endangered species list in more than 40 states, the bald eagle population has continued to grow. The bald eagle was removed from the list of threatened or endangered species in 2007. The celebration of the bald eagle "is also a moment to reflect on the importance of the Endangered Species Act, a vital tool in the efforts to protect America's wildlife,'' Haaland said, calling the landmark 1973 law crucial to preventing the extinction of species such as the bald eagle or American bison.
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
A new documentary called Writing With Fire ... profiles Khabar Lahariya (Waves of News), India's only major news outlet run by women from marginalized communities. It focuses on rural reporting through a feminist lens and is led by chief reporter Meera Devi. Khabar Lahariya began as a small Hindi language newspaper in 2002 in the northern Indian state of Uttar Pradesh. Many of its reporters are Dalits, formally called "untouchables" – people at the very bottom of India's ancient 4-level caste system, that are considered by higher castes to be so impure, they should not be touched. The Indian constitution bans discrimination on the basis of caste but it still persists. Two-thirds of rural women and about half of rural men practice untouchability. That could mean they refuse to eat with lower caste people or don't let them enter their kitchen. Untouchability is more common in rural India, where Meera and her colleagues live and report. The documentary ... follows Meera and two other colleagues as they find workarounds to challenges like power outages while reporting, interviewing unyielding, patronizing elected officials. And all the while, many of the reporters' families are pressuring them to marry because that is what is expected for many women in India. Meera says, "When future generations ask us, 'What were you doing when the country was changing and the media was being silenced?' Khabar Lahariya will be able to say proudly that we were holding the powerful to account."
Note: Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
We all have things we don't need. For Canberra resident Zoe Bowman, it is melon ballers. "Someone asked for a melon baller to make some melon balls for a kid's party, and I looked in the drawer and I had three," she says. "I don't need three melon ballers!" The request was made on a Facebook page that she manages, one of the thousands of local pages that make up the "buy nothing" movement. Part zero-waste movement, part community-building project, "buy nothing" has taken off in Australia's affluent inner-city suburbs as a way to rehome unwanted goods and avoid unnecessary purchases – like a third melon baller. The "buy nothing" project began in the United States as an attempt at creating a cashless economy. The aim was that communities would distribute goods according to need, which meant group members had to explain why they needed a particular item in order to receive it. It was a slightly problematic beginning, says Bowman, and the secret Facebook group where "buy nothing" page admins gather has since gone through a decolonisation and anti-racism process that led to it losing some of its original fans. In Australia the tone is lighter but the rules remain. Giving an item away to the first person who replies, like you would on a buy/swap/sell page, is far too transactional for the "buy nothing" community. "The whole aim of the thing is actually community building, not getting rid of stuff," Bowman says.
Note: Explore two other inspiring articles on this beautiful movement on this webpage and this one. Explore a treasure trove of concise summaries of incredibly inspiring news articles which will inspire you to make a difference.
When Covid cases were rising in the U.S., the news coverage emphasized the increase. When cases were falling, the coverage instead focused on those places where cases were rising. And when vaccine research began showing positive results, the coverage downplayed it, as far as [Dartmouth professor Bruce] Sacerdote could tell. He began working with two other researchers, building a database of Covid coverage from every major network. The researchers then analyzed it with a social-science technique that classifies language as positive, neutral or negative. The results showed that Sacerdote's instinct had been right. The coverage by U.S. publications with a national audience has been much more negative than coverage by any other source that the researchers analyzed, including scientific journals, major international publications and regional U.S. media. About 87 percent of Covid coverage in national U.S. media last year was negative. The share was 51 percent in international media, 53 percent in U.S. regional media and 64 percent in scientific journals. Notably, the coverage was negative in both U.S. media outlets with liberal audiences (like MSNBC) and those with conservative audiences (like Fox News). If we're constantly telling a negative story, we are not giving our audience the most accurate portrait of reality. As Ranjan Sehgal, another co-author, told me, "The media is painting a picture that is a little bit different from what the scientists are saying."
Note: Explore an inspiring article sharing some of the good news to come out of these challenging times. For more along these lines, see concise summaries of deeply revealing news articles on mass media corruption from reliable sources.
The end of humankind? It may be coming sooner than we think, thanks to hormone-disrupting chemicals that are decimating fertility at an alarming rate around the globe. A new book called Countdown, by Shanna Swan, an environmental and reproductive epidemiologist ... finds that sperm counts have dropped almost 60% since 1973. Following the trajectory we are on, Swan's research suggests sperm counts could reach zero by 2045. Zero. Let that sink in. That would mean no babies. No reproduction. No more humans. Forgive me for asking: why isn't the UN calling an emergency meeting on this right now? The chemicals to blame for this crisis are found in everything from plastic containers and food wrapping, to waterproof clothes and fragrances in cleaning products, to soaps and shampoos, to electronics and carpeting. Some of them, called PFAS, are known as "forever chemicals", because they don't breakdown in the environment or the human body. They just accumulate and accumulate – doing more and more damage. Swan's book is staggering in its findings. "In some parts of the world, the average twentysomething woman today is less fertile than her grandmother was at 35," Swan writes. In addition to that, Swan finds that, on average, a man today will have half of the sperm his grandfather had. Given everything we know about these chemicals, why isn't more being done? Right now, there is a paltry patchwork of inadequate legislation responding to this threat.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health from reliable major media sources.
In the coming months, Linda Thomas-Greenfield, President Joe Biden's ambassador to the United Nations, will hear from a growing chorus of developing nations about the foundering efforts to distribute the coronavirus vaccine globally. The nations, many of which have not even begun vaccinating their populations, are demanding that the U.S. support proposals to temporarily waive certain patent and intellectual property rights so that generic coronavirus vaccines can be produced. The proposals have been fiercely opposed by American drugmakers, including Pfizer. ASG ... represents Pfizer. Many leading figures in Biden's administration, including key White House advisers, State Department leaders, and health care officials have financial stake in or professional ties to vaccine manufacturers, which are now lobbying to prevent policies that would cut into future profits over the vaccine. ASG in particular has unusual amounts of sway in the Biden administration. State Department officials Victoria Nuland, Wendy Sherman, Uzra Zeya, and Molly Montgomery previously worked at ASG, as did Philip Gordon, Vice President Kamala Harris's national security adviser. The pharmaceutical industry, in a bid to shield an expected financial windfall, has pressed the Biden administration not only to oppose the waiver, but also to impose trade-related sanctions on countries that back [a] proposal or move to manufacture coronavirus vaccines without permission from patent holders.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines and Big Pharma corruption from reliable major media sources.
Pfizer expects to sell $15 billion worth of Covid-19 vaccines in 2021. That would make it the second-highest revenue-generating drug anytime, anywhere, according to industry reports. The maker of the first Covid-19 vaccine to be approved for use in advanced markets has released its earning forecasts for 2021 today. Pfizer expects to earn between $59 billion and $61 billion - up from $42 billion it made in 2020. Sales of the vaccine are set to bring in about a fourth of Pfizer's total revenue this year. That would be nearly as much as its three best-selling products combined. The company is expecting profit margins for the vaccine to be between 25% and 30% which means profits from the vaccine could be around $4 billion. All of Pfizer's costs and profits from the vaccine are split evenly with BioNTech, the biotech company that helped develop the treatment. There are is only one drug in the world that sells more - Humira, a prescription medication for arthritis. Pfizer plans on selling 2 billion doses of the vaccine this year, but that demand should subside in coming years so the revenue of Covid-19 vaccine won't be stable, Pfizer's CEO Albert Bourla said on an call with analysts and investors. The company expects to continue profiting from it by selling booster doses, including ones required to shield against new variants of the virus, Bourla said. Further, Pfizer is pursuing more avenues to employ the mRNA technology underlying the vaccine, including a flu vaccine and other therapeutic applications.
Note: Read more in this revealing Reuters article. For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines and Big Pharma profiteering from reliable major media sources.
Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.