Biden admin backs proposal to lift intellectual property rights on Covid-19 vaccines, Pfizer & Moderna stocks slip ...News

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Biden admin backs proposal to lift intellectual property rights on Covid-19 vaccines, Pfizer & Moderna stocks slip
The Biden administration has announced its support for waiving intellectual property rights for Covid-19 vaccines “to help end the pandemic.” Pfizer and Moderna stocks immediately took a hit. “These extraordinary times and circumstances call for extraordinary measures,” US Trade Representative Katherine Tai tweeted on Wednesday. “The US supports the waiver of IP protections on COVID-19 vaccines to help end the pandemic and we’ll actively participate in @WTO negotiations to make that happen.” These extraordinary times and circumstances of call for extraordinary measures. The US supports the waiver of IP protections on COVID

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