Wednesday , December 8 2021

DealBook Online Summit Live Updates: Pfizer CEO says he didn’t put pressure on Trump’s vaccine timeline



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Due to technical difficulties, the session with Senator Elizabeth Warren is not available on a regular basis, but will be published today.

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The president has basically blamed Pfizer for conspiring with the FDA. So the news of the vaccine would come out after the election. That is the accusation. Talk to him as straight as you can. I will be very correct. We didn’t conspire with anyone of course. And elections were always an artificial term for us. It may be very important for the President, but not for us.

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Albert Bourla, CEO of the pharmaceutical company Pfizer, said he had never been put under personal pressure to meet the timeline that the Trump administration wanted to develop a coronavirus vaccine, he certainly knew.

“Elections were always, for us, an artificial term,” Pfizer chief Andrew Ross Sorkin told DealBook on Tuesday. “It may be important for the president, but not for us.”

He was joined in a video conference with Mr. Bourla by Heidi Larson, Director of the Vaccine Project at the London School of Hygiene and Tropical Medicine, and Bill Gates, President of the Bill and Melinda Gates Foundation.

They are still unknown about the coronavirus vaccine, but “basic questions” about efficacy and safety have been answered, Mr. Bourla said.

Pfizer announced last week that an early study found that its vaccine was more than 90 percent effective. The company expects to gather the latest safety data this week, which is expected to be presented to the Food and Drug Administration. Another modern developer reported on Monday that its vaccine candidates were 94.5 percent effective in an early study.

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Seeing that it is a mask or political action that leads to skepticism in the United States, the US is worse than other countries. And is that because of the current leadership? Is it because of our individualistic view of things? I think that’s hard to attribute. I wouldn’t expect the mask outfit to become controversial. I wouldn’t expect the administration to come up with one of the wildest opinions possible and put that opinion as the head of the coronavirus team. So this thing is full of surprises. You know people want to protect themselves. They want to protect their parents and grandparents. I hope the vaccine request surprises us from the top down.

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With several tests on the Covid-19 vaccine, the initial results have been promising, with high hopes for leaving the virus behind soon. The reality is much more complicated, experts told Andrew Ross Sorkin DealBook.

Bill Gates, president of the Bill and Melinda Gates Foundation, looked at what he believes are political, social, and safe barriers that can prevent the adoption of rushes and treatments for the development of an effective vaccine. Heidi Larson, Director of the London Hygiene and Tropical Medicine Vaccine Trust Project, and Albert Bourla, CEO of Pfizer, attended a video conference.

Mr. Gates has expressed surprise at the U.S.’s resistance to public health measures. “I wouldn’t expect the mask outfit to become controversial,” she said. “I wouldn’t expect the administration to come up with the wildest possible opinion.”

His organization was working on vaccine development before the pandemic, but people were disconnected from those “pretty dark” efforts. Coronavirus’s focus on his foundation’s work has not always been positive. He expressed displeasure at the conspiracy theories circulating about his economic interest in developing the vaccine, saying, “They are not true.”

“Where does that come from? Is it because of uncertain times? Do people prefer a simpler story? “I hope it disappears, because we are trying to fulfill a constructive role.”

Mistrust is said to be a problematic mistrust from a health perspective. Without the confidence of the vaccine and the people who are willing to take it, infection rates have not dropped.

But it’s important to understand the skepticism the public has felt, Ms. Larson said, “We have to be thankful that it was a time of hyper-uncertainty.” His research has shown that only half of those surveyed would get the vaccine, but “there is always a chance” things could change, he added.

Distrust can be addressed by creating community impetus and listening to concerns, Ms. Larson said, which can help persuade people to participate, as she has seen in her work on polio eradication.

One thing that seemed clear to everyone on the panel is that the pandemic has changed habits, perhaps forever.

“My prediction would be that more than 50% of business trips and 30% of office days would disappear,” Mr. Gates said of the post-coronavirus world.

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It is the worst outbreak of a respiratory disease in 102 years. You cannot escape the data. I don’t understand how people don’t see that they are real numbers. And unfortunately, we have reached a state of political division where a public health message like the one I am giving does not include anyone’s freedom that the public health message is your personal responsibility and your society to your neighbors and others. country.

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Dr. Anthony Fauci, the nation’s leading expert on infectious diseases, spoke with Andrew Ross Sorkin of DealBook on Tuesday about coronavirus, vaccines and the time people will need to take action. News of successful vaccines in early Pfizer and Modena has sparked hope, but cases across the country are mounting alarm.

Dr. Fauci, director of the National Institute of Allergy and Infectious Diseases, told the DealBook Online Summit that a return to normalcy depended on two elements: the effectiveness of vaccines and how many people take them. He said the results of the vaccine trial are “striking,” but expressed concern that resistance to the vaccine would reduce overall effectiveness.

He said next fall “we could be pretty close to the level of normalcy,” but stressed that public health measures will remain necessary for a while.

“I can tell you, it really depends on what we get the vast majority of people who get the vaccine,” he said. And a vaccine will not replace public health measures “until we reach a place where we no longer have a pandemic or epidemic situation at the state and global level.”

Dr. Fauci spoke out against the politicization of the disease and protective measures. “A public health message like the one I’m trying to get doesn’t include anyone’s freedom,” he said. “We need to do everything we can to unite as a nation, and not as an individual faction with inequalities in public health.”

“Public health really has nothing to do with politics,” he said.

“We are all together as a nation,” he added. Citing evidence of 245,000 deaths and 11 million infections, Dr. Fauci said, “You can’t escape the data.”

He pointed out the importance of the Inbound Biden administration in working in good transition with the outbound administration. “I have now worked with six administrations for 35 years as a director. I’ve had five transitions. I can say that the transitions are of paramount importance for the smooth monitoring of what you are doing, “he said.” Right now, we have a very difficult state of public health. “

As the holiday season approaches, an infectious disease expert has acknowledged that people would decide what was appropriate for them to be safe in them. meetings. “Each individual family unit must conduct a risk and benefit assessment of what they want to do with the holiday,” he said.

Her family refuses to reunite and shares a meal on video chat. “My daughters, who are adult professional women in many parts of the country, have made a decision,” she said. “They want to protect Dad.”

Dr. Fauci suggested that effective vaccines are in the corner now to strengthen health measures. Some have said that “following science” in Europe has not prevented the increase in infections, but Dr. Fauci has blamed “Covid fatigue” for mounting infection rates there.

“We should use that vaccine to tell if there is light at the end of the tunnel,” he said. “With the end in sight, it’s time to double down, it’s time to get rid of Covid fatigue.”

The doctor said the pandemic was his terrifying nightmare: a respiratory infection with a jumping species, spreading easily and a high mortality rate.

“I live with that thing that scared me the most,” he said. “Let’s get out of this,” he added, before worrying about whether the world will remember the lessons learned from this pandemic.

View full session:

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There are two types of people when you make mistakes, one People don’t want to admit that you made a mistake and these people try to put all kinds of excuses and justify what you have made wrong. way. And the other team accepts and accepts the mistake and I’m the type of guy, I’d rather accept my stupidity and my ignorance so that my, you know, bad decisions can be learned from my mistake.

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Masayoshi Son, founder and CEO of SoftBank, has made billions in bets over the years, including his first investment in Alibaba, China. But, he told DealBook’s Andrew Ross Sorkin at the DealBook Online Summit on Tuesday, he still made a lot of mistakes.

In an extensive interview, Mr. Son talked about the opportunities he missed as much as his successes. His philosophy: “I would rather accept my stupidity and my ignorance – my bad decisions – than learn from my mistakes,” he said. “It’s better to accept them, so I’m smarter.”

He noted that he had the opportunity to become an early investor in Amazon, and spoke with Jeff Bezos, Amazon’s chief executive, before discussing a 30 percent stake in the company.

He didn’t take it. “I’m so stupid!” he said, laughing. “Don’t embarrass me.”

But Mr. Son also admitted that he made a big mistake with WeWork. SoftBank poured billions into the partnership business, betting that it would transform the nature of the offices and “raise awareness in the world,” and then force them to bail out, following plans to make it public.

“We’ve had a loss on WeWork,” he said. “That was my mistake.” But he noted that the company has had other successes, and that investments on all of them have risen by at least $ 10 billion.

Mr. Son also expressed some admiration for Adam Neumann, the then CEO of WeWork, who persuaded him to invest in the company. Mr. Neumann also made mistakes, Mr. Son said, but “I believe he will succeed and learn a lot from his previous life.”

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