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Corporate Corruption News Articles
Excerpts of key news articles on corporate corruption


Below are key excerpts of little-known, yet highly revealing news articles on corporate corruption from the major media. Links are provided to the full news articles for verification. If any link fails to function, read this webpage. These articles on corporate corruption are listed by order of importance. You can also explore them ordered by the date of the article or by the date posted. By choosing to educate ourselves, we can build a brighter future.


Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.


Experts Concerned as Ballot Problems Persist
2006-11-26, New York Times
http://www.nytimes.com/2006/11/26/us/politics/26vote.html?ex=1322197200&en=0d...

After six years of technological research, more than $4 billion spent by Washington on new machinery and a widespread overhaul of the nation’s voting system, this month’s midterm election revealed that the country is still far from able to ensure that every vote counts. Tens of thousands of voters, scattered across more than 25 states, encountered serious problems at the polls. The difficulties led to shortages of substitute paper ballots and long lines that caused many voters to leave without casting ballots. Voting experts say it is impossible to say how many votes were not counted that should have been. In Florida alone, the discrepancies ... amount to more than 60,000 votes. In Colorado, as many as 20,000 people gave up trying to vote ... as new online systems for verifying voter registrations crashed repeatedly. In Arkansas, election officials tallied votes three times in one county, and each time the number of ballots cast changed by more than 30,000. Election experts say that with electronic voting machines, the potential consequences of misdeeds or errors are of a [great] magnitude. A single software error can affect thousands of votes, especially with machines that keep no paper record. In Ohio, thousands of voters were turned away or forced to file provisional ballots by poll workers puzzled by voter-identification rules. In Pennsylvania, the machines crashed or refused to start, producing many reports of vote-flipping [where] voters press the button for one candidate but a different candidate’s name appears on the screen. In Ohio, even a congressman, Steve Chabot, a Republican, was turned away from his polling place because the address listed on his driver’s license was different than his home address.


Drug Industry Is on Defensive as Power Shifts
2006-11-24, New York Times
http://www.nytimes.com/2006/11/24/washington/24drug.html?ex=1322024400&en=55e...

Hoping to prevent Congress from letting the government negotiate lower drug prices for millions of older Americans on Medicare, the pharmaceutical companies have been recruiting Democratic lobbyists [and] lining up allies in the Bush administration and Congress. Many drug company lobbyists concede that the House is likely to pass a bill intended to drive down drug prices, but they are determined to block such legislation in the Senate. If that strategy fails, they are counting on President Bush to veto any bill that passes. With 49 Republicans in the Senate next year, the industry is confident that it can round up the 34 votes normally needed to uphold a veto. They began developing strategy last week at a meeting of the board of the Pharmaceutical Research and Manufacturers of America. Billy Tauzin, president of that group [and] a former congressman...met with Senator Byron L. Dorgan, a North Dakota Democrat who has been trying for six years to allow drug imports from Canada. The industry vehemently opposes such legislation. The 2003 Medicare law prohibits the federal government from negotiating drug prices or establishing a list of preferred drugs. Drug makers have not set a budget for their campaign. They and their trade groups already spend some $100 million a year on lobbying in Washington. Representative Frank Pallone Jr., Democrat of New Jersey [said] “The 2003 Medicare law was essentially written by the drug industry.” Drug companies may be open to some changes in the Medicare drug benefit, but they say they cannot accept any form of price negotiation.

Note: For lots of verifiable information on the power of the drug industry to corrupt Congress, click here.


Getting closer to Uncle Sam
2006-09-20, Toronto Star (One of Canada's top newspapers)
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Articl...

Public kept in dark as business leads talks about North American integration. Away from the spotlight, from Sept. 12 to 14, in Banff Springs, Minister of Public Safety Stockwell Day and Defence Minister Gordon O'Connor met with U.S. and Mexican government officials and business leaders to discuss North American integration at the second North American Forum. The guest list included such prominent figures as U.S. Defence Secretary Donald Rumsfeld, Mexican Secretary of Public Security Eduardo Medina Mora and Canadian Forces chief General Rick Hillier. The event was chaired by former U.S. secretary of state George Schultz, former Alberta premier, Peter Lougheed and former Mexican finance minister Pedro Aspe. Organizers did not alert the media about the event. Our government ... refuses to release any information about the content of the discussions or the actors involved. The event was organized by the Canadian Council of Chief Executives. The media have paid little attention to this far-reaching agreement, so Canadians are unaware that a dozen working groups are currently "harmonizing" Canadian and U.S. regulations on everything from food to drugs to the environment and even more contentious issues like foreign policy. This process ... is about priming North America for better business by weakening the impacts of such perceived obstacles as environmental standards and labour rights. This is why the public has been kept in the dark while the business elite has played a leading role in designing the blueprint for this more integrated North America.

Note: If the above link fails, click here. Why has the U.S. media not covered this key topic? For a second article discussing this secret meeting on a top Canadian TV website, click here. To learn about other secret meetings of the power elite, click here


Protesters challenge the powerful at exclusive California retreat
2006-07-22, San Francisco Chronicle
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2006/07/22/state/n163157D01.DTL

Hundreds of protesters gathered outside an exclusive California retreat for government and business leaders Saturday to challenge the right of a "ruling elite" to make policy decisions without public scrutiny. The annual Bohemian Grove retreat has attracted powerful men such as Ronald Reagan, George Bush, former Secretary of State Henry Kissinger, philanthropist David Rockefeller, former West German Chancellor Helmut Schmidt and former House Speaker Newt Gingrich. It's also become a magnet for all types of activists who increasingly use the event to network and organize their campaigns. The men who attend the Bohemian Grove retreat spend two weeks performing plays, eating gourmet camp grub, listening to speakers and power-bonding at the 2,700-acre compound near the Russian River in Sonoma County. The retreat is organized by the exclusive San Francisco-based Bohemian Club. The club and event are shrouded in mystery, much like Yale University's most-famous secret society, Skull and Bones, whose members include President George W. Bush and his presidential rival Sen. John Kerry.

Note: This article strangely has been removed from the San Francisco Chronicle website. To see it in the Internet Archive, click here. For an informative five-minute ABC news clip on the power elite gathering Bohemian Grove reported in 1981, click here. And for reliable information on the most secretive meeting of the world's elite reported by the major media, see our Bilderberg Group compilation available here.


Indicting the Drug Industry's Practices
2004-09-06, New York Times
http://www.nytimes.com/2004/09/06/books/06masl.html?ex=1252209600&en=1accf3fe...

Dr. Marcia Angell is a former editor in chief of The New England Journal of Medicine and spent two decades on the staff of that publication. Her new book is a scorching indictment of drug companies and their research and business practices. "Despite all its excesses, this is an important industry that should be saved - mainly from itself," she writes. Dr. Angell's case is tough, persuasive and troubling. "The Truth About the Drug Companies" ... is devoted to assertions of shady, misleading corporate behavior. In the past, drug discoveries made through government research remained in the public domain. Beginning in 1980 those breakthroughs could be patented, even if their research was sponsored by the National Institutes of Health. As a consequence, Dr. Angell says, patent shenanigans have reshaped the drug business, as have the recent government regulations that expedite direct-to-consumer drug advertising. "Once upon a time, drug companies promoted drugs to treat diseases," Dr. Angell writes. "Now it is often the opposite. They promote diseases to fit their drugs." Why all the advertising? "If prescription drugs are so good, why do they need to be pushed so hard?" she asks. Dr. Angell is now a senior lecturer at Harvard Medical School.

Note: For an excellent 10-page summary of this revealing book written by the esteemed author, click here. For more reliable information on the health cover-up, click here.


Skull And Bones
2004-06-13, CBS News
https://web.archive.org/web/20040616075605/http://www.cbsnews.com/stories/200...

As opposite as George Bush and John Kerry may seem to be, they do share a common secret - one they've shared for decades. The secret: details of their membership in Skull and Bones, the elite Yale University society whose members include some of the most powerful men of the 20th century. Bonesmen, as they're called, are forbidden to reveal what goes on in their inner sanctum. Bones has included presidents, cabinet officers, spies, Supreme Court justices, [and] captains of industry. They'd responded to questions with utter silence until an enterprising Yale graduate, Alexandra Robbins, managed to penetrate the wall of silence in her book, Secrets of the Tomb. "I spoke with about 100 members of Skull and Bones. They were members who were tired of the secrecy," says Robbins. "But probably twice that number hung up on me, harassed me, or threatened me." Skull and Bones, with all its ritual and macabre relics, was founded in 1832. Since then, it has chosen or "tapped" only 15 senior students a year who become ... lifetime members of the ultimate old boys' club. A lot of Bonesmen have gone on to positions of great power. President Bush ... tapped five fellow Bonesmen to join his administration. Bonesmen have [included] William Howard Taft, the 27th President; Henry Luce, the founder of Time Magazine; and W. Averell Harriman, the diplomat and confidant of U.S. presidents. Mr. Bush, like his father and grandfather before him, has refused to talk openly about Skull and Bones. But as a Bonesman, he was required to reveal his innermost secrets to his fellow Bones initiates. They're supposed to recount their entire sexual histories in ... a dimly-lit cozy room.

Note: For a highly revealing, four-minute CNN News clip on Skull and Bones, click here. For other major media news clips reporting on this powerful secret society, click here. And for lots more reliable information from major media sources on powerful, secret groups like this, click here.


Eugenics and the Nazis -- the California connection
2003-11-09, San Francisco Chronicle (San Francisco's leading newspaper)
http://articles.sfgate.com/2003-11-09/opinion/17517477_1_eugenics-ethnic-clea...

Hitler and his henchmen victimized an entire continent and exterminated millions in his quest for a so-called Master Race. But the concept of a white, blond-haired, blue-eyed master Nordic race didn't originate with Hitler. The idea was created in the United States, and cultivated in California, decades before Hitler came to power. Eugenics would have been so much bizarre parlor talk had it not been for extensive financing by corporate philanthropies, specifically the Carnegie Institution, the Rockefeller Foundation and the Harriman railroad fortune. They were all in league with some of America's most respected scientists from such prestigious universities as Stanford, Yale, Harvard and Princeton. These academicians espoused race theory and race science, and then faked and twisted data to serve eugenics' racist aims. Stanford President David Starr Jordan originated the notion of "race and blood" in his 1902 racial epistle "Blood of a Nation," in which the university scholar declared that human qualities and conditions such as talent and poverty were passed through the blood. The Rockefeller Foundation helped found the German eugenics program and even funded the program that Josef Mengele worked in before he went to Auschwitz.

Note: Josef Mengele's US-funded eugenics research laid the foundation for his experimentation on human subjects before and during World War II. He went on to participate in CIA-funded mind-control experimentation after that war. For more on Mengele, click here.


Today's News Is Brought to You by Big Brother
2000-02-27, Los Angeles Times
http://www.wanttoknow.info/mass_media/CNN-psyops-la-times-000327

A handful of military personnel from the 4th Psychological Operations Group, based at Fort Bragg, NC, have until recently been working in CNN's headquarters in Atlanta. [A] Dutch journalist named Abe de Vries came up with this important story ... and remains properly astounded that no mainstream news medium in the US has evinced any interest in it. De Vries ... originally [came] upon the story [following] a military symposium in Arlington, VA that discussed the use of the press in military operations. De Vries saw a good story, picked up the phone, and finally reached Maj. Thomas Collins of the US Army Information Service, who duly confirmed the presence of these Army psy-ops experts at CNN. "Psy-ops personnel, soldiers, and officers," De Vries quoted Collins as telling him, "have been working in CNN's headquarters ... through our program, training with industry. They helped in the production of news." Eason Jordan, who identified himself as CNN's president of news-gathering and international networks, [confirmed] that CNN had hosted a total of five interns from US Army psy-ops. Jordan said the program began ... just before the end of the war against Serbia and only recently terminated. Executives at CNN now describe the Army psy-ops intern tours at CNN as having been insignificant. The commanding officer of the psy-ops group certainly thought them of sufficient significance to mention at that high-level Pentagon powwow in Arlington about propaganda and psychological warfare.

Note: This article strangely has been removed from the Los Angeles Times archives. The link above shows a scanned image of the actual newspaper. The article was first published in the San Jose Mercury News on March 23, 2000, though the article is also strangely not available in their archives. U.S. Congressional testimony in the 1970s revealed that the CIA paid employees of major media networks to influence public opinion. The CIA's Operation Mockingbird revealed blatant efforts by the CIA to manipulate public opinion in the U.S., thus violating its charter.


Waging War in Space
1999-12-09, The Nation
https://www.thenation.com/article/waging-war-space/

“Master of Space” – a motto of the United States Space Command, a joint Air Force, Army and Navy command set up by the Pentagon in 1985 – says it all. Our military leaders seek to control outer space, and dominate the earth, by basing weapons in space. Corporate America is deeply involved. “US Space Command–dominating the space dimension of military operations to protect US interests and investment,” says the command’s Vision for 2020, a report whose colorful cover depicts a laser weapon in space zapping targets on the Earth below. The projection of US power by means of deadly technology has other nations understandably upset. This past January ... UN Secretary General Kofi Annan urged the UN’s annual Conference on Disarmament to “ensure that outer space remains weapons-free.” At the March session of the conference, China’s Ambassador for Disarmament Affairs ... called for an international law forbidding not only nuclear weapons and weapons of mass destruction in space - as does the 1967 Outer Space Treaty - but “any weapons” in space. In November 138 nations voted in the UN General Assembly to reaffirm the Outer Space Treaty and its provision that space “shall be for peaceful purposes.” Only the United States and Israel abstained. Assistant secretary of the Air Force for Space Keith Hall says, “We have [space dominance] and we’re going to keep it.” And money flows for it. Follow the money and you find ... about 75 corporations [involved] in space weapons projects.

Note: For more, see the US Space Command's Vision for 2020 and its Long Range Plan. For more along these lines, see concise summaries of deeply revealing war news articles from reliable major media sources.


The Opium War's Secret History
1997-06-28, New York Times
http://www.nytimes.com/1997/06/28/opinion/the-opium-war-s-secret-history.html

In 1823 a 24-year-old Yankee, Warren Delano, sailed to Canton. Within seven years he was a senior partner in Russell & Company. Delano's problem, as with all traders, European and American, was that China had much to sell but declined to buy. The British struck upon an ingenious way to reduce a huge trade deficit. Their merchants bribed Chinese officials to allow entry of chests of opium from British-ruled India, though its importation had long been banned by imperial decree. Nearly every American company followed suit. As addiction became epidemic, and as the Chinese began paying with precious silver for the drug, their Emperor finally in 1839 named an Imperial Commissioner to end the trade. Commissioner Lin Tse-hsu proceeded to Canton, seized vast stocks of opium and dumped the chests in the sea. This ... furnished the spark for the Opium War, initiated by Lord Palmerston, the British Prime Minister, and waged with determination to obtain full compensation for the opium. The Celestial Empire was humbled, forced to open five ports to foreign traders and to permit a British colony at Hong Kong. Warren Delano returned to America rich. He eventually gave his daughter Sara in marriage to ... the father of Franklin Roosevelt. The old China trader was close-mouthed about opium, as were his partners in Russell & Company. It is not clear how much F.D.R. knew about this source of his grandfather's wealth.

Note: So FDR's grandfather struck it rich by dealing opium in China. Note that Samuel Russell, who founded Russell & Company, the most powerful opium trader of the time, was the cousin of William Russell, who founded Yale's Skull and Bones society, which counted among its members Presidents William Howard Taft, George H.W. Bush, and George W. Bush.


Omaha's Hurricane of a Scandal
1990-04-01, Washington Post
https://www.washingtonpost.com/archive/lifestyle/1990/04/01/omahas-hurricane-...

On a salary of $16,200 a year ... credit union manager [Lawrence E. King Jr. spent] $10,000 a month on limousines. His credit card charges topped $1 million. King threw a $100,000 party for 1,000 close friends at the Republican National Convention. A federal jury this summer will decide whether King, 45, is guilty as charged of looting $38 million from the Franklin Community Federal Credit Union. Last week, a county grand jury ... began sifting through allegations tying King to a child prostitution and exploitation ring that reputedly catered to some of Omaha's most respected burghers. The sexual allegations [are based on] reports from half a dozen young people who reportedly have described being auctioned like love slaves, flown to the coasts for wild parties, or plied with drugs and alcohol as part of a bisexual bacchanal. "They appear credible to me," said state Sen. Loran Schmit, chairman of the legislative committee appointed to investigate the scandal. King liked to share the wealth ...with his young male friends. [He] gave a $2,800 deerskin coat and 18-karat gold bracelet to 29-year-old Charlie Rogers, who later blew his own brains out with a shotgun. Another young man [claimed] King "wanted to own you – a sugar daddy thing." Yet the lawmen who were investigating "did nothing," despite the fact that one witness passed four polygraph tests. John DeCamp, the former state senator [wrote a memo] alleging that "the most powerful and rich public personalities of the state are central figures in the investigation."

Note: This scandal is the tip of the iceberg on a pedophilia ring that reaches to the highest levels of government. Learn about and watch the suppressed Discovery Channel documentary "Conspiracy of Silence" for solid, undeniable evidence of this. For more along these lines, see concise summaries of deeply revealing sex abuse news articles from reliable major media sources. Then explore the excellent, reliable resources provided in our Mind Control Information Center for how this is all manipulated and kept quiet.


Demoralized F.D.A. Struggles to Cope
1977-03-14, New York Times
https://www.nytimes.com/1977/03/14/archives/demoralized-fda-struggles-to-cope...

In just a decade the Food and Drug Administration has evolved from amorphous obscurity deep within the capital bureaucracy into both the world's paramount regulator of consumer goods and the Federal Government's most criticized, demoralized and fractionalized agency. With the agency's ban on saccharin, it is again at a storm center of complaints from consumer groups that the action was too long delayed and from diet food interests that the step was capricious and without scientific justification. But the agency, a bureaucratic waif that is responsible for overseeing a staggering $200 billion worth of products yearly, is not only whipsawed by the public controversy, it is so demoralized that a number of its top positions long go unfilled, so burdened that it cannot keep up with the explosion of consumer goods and so battered by lawsuits and outside pressures that its power to make its decisions stick is sometimes undermined. In just the last three years the agency has been the target of more than 100 Congressional investigations, 50 highly critical reports by the General Accounting Office and a series of internal inquiries despairing of ever setting the place right. After his departure as Commissioner of the agency in 1969, Dr. Herbert E. Ley said that "what the F.D.A. is doing and what the public thinks it's doing are as different as night and day." He complained further that during his 18 month tenure he had been under "constant, tremendous, sometimes unmerciful pressure" from drug industry officials.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in Big Pharma from reliable major media sources.


Moore Asks Inquiry Into Charges on Preparedness Campaign
1917-02-14, New York Times
http://query.nytimes.com/gst/abstract.html?res=9504E7DA1538EE32A25757C1A9649C...

A demand for an investigation of charges printed in the Congressional Record by Representative Oscar Callaway of Texas, a pacifist Democrat, that “the J.P. Morgan interests, the steel shipbuilding, and powder interests” had purchased control of twenty-five great newspapers to further the preparedness campaign, was made in the House today by Representative J. Hampton Moore, a Pennsylvania Republican. Mr. Callaway’s speech, as inserted in The Record charged: “In March, 1915, the J.P. Morgan interests, the steel, shipbuilding and powder interests, and their subsidiary organizations got together twelve men high up in the newspaper world and employed them to select from the most influential papers in the United States in sufficient numbers of them to control generally the policy of the daily press of the United States. They found it was only necessary to purchase the control of twenty-five of the greatest newspapers. [An] editor was furnished for each paper to properly supervise and edit information regarding the questions of preparedness, militarism, financial policies and other things of national and international nature considered vital to the interests of the purchasers. The policy also included the suppression of everything in opposition to the wishes of the interests served."

Note: For more showing how the media is controlled by carefully selected people placed by big money and the power elite, click here and here. For a short video of Congressional testimony from the 1970s proving CIA media manipulation, click here. The full text of this revealing article is available free at this link.


Revealed: oil sector's 'staggering' $3bn-a-day profits for last 50 years
2022-07-21, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/environment/2022/jul/21/revealed-oil-sectors-stag...

The oil and gas industry has delivered $2.8bn (Ł2.3bn) a day in pure profit for the last 50 years, a new analysis has revealed. The vast total captured by petrostates and fossil fuel companies since 1970 is $52tn, providing the power to "buy every politician, every system" and delay action on the climate crisis, says Prof Aviel Verbruggen, the author of the analysis. The huge profits were inflated by cartels of countries artificially restricting supply. The analysis, based on World Bank data, assesses the "rent" secured by global oil and gas sales, which is the economic term for the unearned profit produced after the total cost of production has been deducted. The study has yet to be published in an academic journal but three experts at University College London, the London School of Economics and the thinktank Carbon Tracker confirmed the analysis as accurate, with one calling the total a "staggering number". It appears to be the first long-term assessment of the sector's total profits, with oil rents providing 86% of the total. Emissions from the burning of fossil fuels have driven the climate crisis and contributed to worsening extreme weather. Oil companies have known for decades that carbon emissions were dangerously heating the planet. The average annual profit from 1970-2020 was $1tn but [Verbruggen] said he expected this to be twice as high in 2022. The fossil fuel industry also benefits from subsidies of $16bn a day, according to the International Monetary Fund.

Note: For more along these lines, see concise summaries of deeply revealing news articles on the energy industry and climate change from reliable major media sources.


Medicare could've saved $3.6 billion by buying drugs at same prices as Mark Cuban's online pharmacy, according to a new study
2022-06-21, Fortune
https://fortune.com/2022/06/21/medicare-costs-compared-mark-cubans-pharmacy/

Medicare's drug program could have saved up to $3.6 billion in 2020 by mirroring the pricing strategy of entrepreneur and Shark Tank judge Mark Cuban's online pharmacy, according to a new study. Cuban's Cost Plus Drug Co. offers a selection of generic drugs at the cost of manufacturing them plus a flat 15% markup. The direct-to-consumer pharmacy does not accept insurance. The study's authors suggest that Medicare is overpaying for many generic drugs and could save billions a year if it purchased them directly from Cuban's online pharmacy. "The lower prices from a direct-to-consumer model highlight inefficiencies in the existing generic pharmaceutical distribution and reimbursement system, which includes wholesalers, pharmacy benefit managers, pharmacies, and insurers," wrote researchers at Brigham and Women's Hospital and Harvard Medical School in a brief published ... in the journal Annals of Internal Medicine. Cuban and his pharmacy did not fund or have any involvement in the study. Cost Plus Drug Co. says it engages in price negotiations with drugmakers. Medicare's drug program, Part D, however, prohibits the government from directly negotiating pharmaceutical prices. Researchers compared 2020 Medicare spending for a total of 89 drugs ... to their prices at Cost Plus Drug Co. in February. They estimate that Medicare overpaid for 77 generic drugs, spending $8.1 billion compared with $4.5 billion if the federal agency had purchased at the same prices as Cost Plus Drug Co. charges.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and Big Pharma profiteering from reliable major media sources.


'Wall of secrecy' in Pfizer contracts as company accused of profiteering
2021-12-05, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/uk-news/2021/dec/05/wall-of-secrecy-in-pfizer-con...

Ministers have agreed [to] a secrecy clause in any dispute with the drugs manufacturer Pfizer over Britain's Covid vaccine supply. Large portions of the government's contracts with the company over the supply of 189m vaccine doses have been redacted and any arbitration proceedings will be kept secret. The revelation comes as Pfizer is accused by a former senior US health official of "war profiteering'' during the pandemic. Tom Frieden, who was director of the US Centers for Disease Control and Prevention under Barack Obama, said: "If you're just focusing on maximising your profits and you're a vaccine manufacturer ... you are war profiteering." Zain Rizvi, research director at Public Citizen, a US consumer advocacy organisation which has examined Pfizer's global vaccine contracts, said: "There is a wall of secrecy surrounding these contracts and it's unacceptable, particularly in a public health crisis." Rizvi said the UK needed to explain why it had agreed to secret arbitration proceedings. He said: "It's the only high-income country we have seen that has agreed to this provision. It allows pharmaceutical companies to bypass domestic legal processes." While AstraZeneca agreed to sell its vaccine at cost during the pandemic, Pfizer wanted to secure its profits. The Pfizer/BioNTech vaccine ... will be one of the most lucrative drugs in pharmaceutical history. One biological engineering expert [claims] the Pfizer vaccine costs just 76p to manufacture for each shot. It is reportedly being sold for Ł22 a dose to the UK government.

Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.


Merck wants Americans to pay $712 for a Covid drug that taxpayers helped develop
2021-10-14, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/commentisfree/2021/oct/14/merck-drug-prices-us-he...

Merck is planning to charge Americans 40 times its cost for a Covid drug whose development was subsidized by the American government. Americans are facing not merely expensive drugs but prices that are examples of outright profiteering. In many cases, the medicines we are being gouged on are those that we the public already paid for. These facts show us that pharma-bankrolled Democrats trying to kill drug pricing measures aren't just bought and paid for in this particular skirmish – they are foot soldiers in the pharmaceutical industry's larger multi-decade campaign to seal off and rig America's alleged "free market". A new Public Citizen analysis shows that the 20 top-selling medicines generated almost twice as much pharmaceutical industry revenue in the United States as in every other country combined. For all the pharmaceutical industry's self-congratulatory rhetoric about its own innovations, the federal government uses your tax dollars to fund a lot of that innovation, research and development. A study from the National Academy of Sciences tells that story: the federal government spent $100bn to subsidize the research on every single one of the 200-plus drugs approved for sale in the United States between 2010 and 2016. We now routinely face immoral situations like last week's news that pharmaceutical giant Merck is planning to charge Americans $712 for a Covid drug that cost only $17.74 to produce and whose development was subsidized by the American government.

Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and Big Pharma profiteering from reliable major media sources.


Billions Hidden Beyond Reach
2021-10-03, Washington Post
https://www.washingtonpost.com/business/interactive/2021/pandora-papers-offsh...

A massive trove of private financial records shared with The Washington Post exposes vast reaches of the secretive offshore system used to hide billions of dollars from tax authorities, creditors, criminal investigators and – in 14 cases involving current country leaders – citizens around the world. The revelations include more than $100 million spent by King Abdullah II of Jordan on luxury homes in Malibu, Calif., and other locations; millions of dollars in property and cash secretly owned by the leaders of the Czech Republic, Kenya, Ecuador and other countries; and a waterfront home in Monaco acquired by a Russian woman who gained considerable wealth after she reportedly had a child with Russian President Vladimir Putin. Other disclosures hit closer to home for U.S. officials. The files provide substantial new evidence, for example, that South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy. Tens of millions of dollars from outside the United States are now sheltered by trust companies in Sioux Falls, some of it tied to people and companies accused of human rights abuses and other wrongdoing. The trove, dubbed the Pandora Papers, exceeds the dimensions of the leak that was at the center of the Panama Papers investigation five years ago. That data was drawn from a single law firm, but the new material encompasses records from 14 separate financial-services entities.

Note: Some have suggested that the CIA was responsible for the earlier Panama Papers leak. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.


Vaccine monopolies make cost of vaccinating the world against COVID at least 5 times more expensive than it could be
2021-07-09, Oxfam
https://www.oxfam.org/en/press-releases/vaccine-monopolies-make-cost-vaccinat...

The cost of vaccinating the world against COVID-19 could be at least five times cheaper if pharmaceutical companies weren't profiteering from their monopolies on COVID-19 vaccines, campaigners from the People's Vaccine Alliance said today. New analysis by the Alliance shows that the firms Pfizer/BioNTech and Moderna are charging governments as much as $41 billion above the estimated cost of production. Colombia, for example, has potentially overpaid by as much as $375 million for its doses of the Pfizer/BioNTech and Moderna vaccines, in comparison to the estimated cost price. Despite a rapid rise in COVID-19 cases and deaths across the developing world, Pfizer/BioNTech and Moderna have sold over 90 percent of their vaccines so far to rich countries, charging up to 24 times the potential cost of production. Last week Pfizer/BioNTech announced it would licence a South African company to fill and package 100 million doses for use in Africa, but this is a drop in the ocean of need. Neither company have agreed to fully transfer vaccine technology and know-how with any capable producers in developing countries, a move that could increase global supply, drive down prices and save millions of lives. Analysis of production techniques for the leading mRNA type vaccines produced by Pfizer/BioNTech and Moderna â₏•which were only developed thanks to public funding to the tune of $8.3 billionâ₏• suggest these vaccines could be made for as little as $1.20 a dose.

Note: 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.


Drug Lobby Asks Biden to Punish Foreign Countries Pushing for Low Cost Vaccines
2021-03-03, The Intercept
https://theintercept.com/2021/03/03/vaccine-coronavirus-big-pharma-biden/

President Joe Biden's administration is being asked to punish Hungary, Colombia, Chile, and other countries for seeking to ramp up the production of Covid-19 vaccines and therapeutics without express permission from pharmaceutical companies. The sanctions are being urged by the drug industry, which has filed hundreds of pages of documents to the Office of the U.S. Trade Representative outlining the alleged threat posed by any effort to challenge "basic intellectual property protections" in the response to the coronavirus pandemic. The drug industry has sharply criticized any attempt to share vaccine patents or the technological knowledge needed to manufacture them, despite global need. The strident corporate opposition to any intellectual property flexibility has rankled public health advocates, many of whom note that much of the vaccine technology has been financed by the public sector. The Pfizer vaccine, noted Prabhala, was developed in partnership with the European firm BioNTech, which received $445 million from the German government to help accelerate vaccine development and manufacturing. The U.S. government provided about $1 billion for the research and testing by Moderna to create its coronavirus vaccine. Johnson & Johnson received over $1.45 billion in funding from the Biomedical Advanced Research and Development Authority, a division of the U.S. Department of Health and Human Services, for its recently approved Covid-19 vaccine.

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