PFE stock price go up more?
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The United States will buy 500 million more doses of Pfizer’s COVID-19 vaccine to give away to poor countries around the world — more than doubling the original commitment to defeat the deadly coronavirus, President Biden said Wednesday.
“To beat the pandemic here, we need to beat it everywhere,” Biden said at the White House during a virtual summit with global leaders.
Biden didn’t detail the cost to American taxpayers but said the purchase would nearly double the number of shots that the US has pledged to pay for internationally.
“We’ve already shipped nearly 160 million doses to 100 countries, more than every other country has donated,” he said.
“This is another half a billion doses that will all be shipped by this time next year and it brings our total commitment to donated vaccines to over 1.1 billion vaccines to be donated.”
He added: “Put another way, for every one shot we’ve administered today in America, we are now committed to do three shots to the rest of the world.”
Biden also called his plan a “historic commitment” and compared it to the American military effort to defeat fascism in the 20th century.