Pandemic business: Covid vaccines create nine new billionaires

News Network
May 20, 2021

Paris, May 20: Profits from Covid-19 jabs have helped at least nine people become billionaires, a campaign group said Thursday, calling for an end to pharmaceutical corporations' "monopoly control" on vaccine technology.

"Between them, the nine new billionaires have a combined net wealth of $19.3 billion (15.8 billion euros), enough to fully vaccinate all people in low-income countries 1.3 times," The People's Vaccine Alliance said in a statement.

The alliance, a network of organisations and activists campaigning for an end to property rights and patents for inoculations, said its figures were based on the Forbes Rich List data.

"These billionaires are the human face of the huge profits many pharmaceutical corporations are making from the monopoly they hold on these vaccines," said Anna Marriott from charity Oxfam, which is part of the alliance.

In addition to the new mega-rich, eight existing billionaires have seen their combined wealth increase by $32.2 billion thanks to the vaccine rollout, the alliance said.

Topping the list of new vaccine billionaires were the CEO of Moderna Stephane Bancel, and his BioNTech counterpart Ugur Sahin.

Three other neobillionaires are co-founders of the Chinese vaccine company CanSino Biologics.

The research comes ahead of the G20 Global Health Summit on Friday, which has been a lightning rod for growing calls to temporarily remove intellectual property protections on Covid-19 vaccines.

Proponents say doing so would boost production in developing countries and address the dramatic inequity in access.

The United States, as well as influential figures like Pope Francis, back the idea of a global waiver on patent protections.

At a Paris summit seeking to boost financing in Africa amid the pandemic on Tuesday, French President Emmanuel Macron called for the removal of "all these constraints in terms of intellectual property which blocks the production of certain types of vaccines".

The European Commission said Wednesday it would be a "constructive" voice in WTO talks on the issue.

"The highly effective vaccines we have are thanks to massive amounts of taxpayers' money so it can't be fair that private individuals are cashing in while hundreds of millions face second and third waves completely unprotected," said Heidi Chow, Senior Policy and Campaigns Manager at Global Justice Now, which helped analyse the billionaire data.

"As thousands of people die each day in India, it is utterly repugnant... to put the interests of the billionaire owners of Big Pharma ahead of the desperate needs of millions," she added.

Manufacturers have stressed that patent protection is not the limiting factor in ramping up vaccine production.

They say a wide range of issues -- from the set up of manufacturing sites, to the sourcing of raw materials, to the availability of qualified personnel -- are holding up the manufacturing process.

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coastaldigest.com news network
November 5,2024

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Several videos have been circulating across social media platforms, claiming that football superstar Cristiano Ronaldo is shown reading the Quran in a mosque. Several posts have gone further to claim that Ronaldo and his wife have converted to Islam. The videos have attracted millions of views and sparked widespread speculation. 

Is Ronaldo Reciting the Quran?

One such video shows a man reading from the Quran, with captions like "Cristiano Ronaldo Reciting Quran." Several posts, especially on TikTok and Facebook, claim that Ronaldo has not only read the Quran but has also embraced Islam along with his wife, Georgina Rodríguez. One of these TikTok posts amassed 1.7 million likes and over 58,000 shares, adding to the viral momentum of this claim.

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Ronaldo Lookalike from Iraq

Contrary to these claims, the man in the video is not Cristiano Ronaldo. The individual is Bewar Abdullah, a well-known Ronaldo lookalike originally from Iraq, who now resides in Birmingham, U.K. Abdullah has gained fame for his striking resemblance to Ronaldo and regularly posts content online imitating the footballer.

The Reality

The viral video was initially posted by Bewar Abdullah on his TikTok account (@bewarabdullah) on July 20, 2021, with the caption "Eat Mubarek🕌 (sic)." Abdullah has a large following of 1.7 million people.

Abdullah is frequently mistaken for Ronaldo due to his resemblance, and his name appears at the end of the viral video, confirming his identity.

Abdullah’s online popularity stems from his likeness to Ronaldo, and he regularly receives invitations to events and appearances due to this.

Apart from the video, there are also widespread claims that Ronaldo and his wife have converted to Islam. However, there is no credible evidence to support this. These rumors appear to have emerged from the same viral content surrounding Ronaldo’s lookalike, without any basis in fact.

Why the Confusion?

The confusion arises from Abdullah’s close resemblance to Ronaldo and the viral nature of social media posts that often mislead viewers. The presence of Ronaldo-related hashtags and captions like "#Ronaldo #CristianoRonaldo #CR7 #SaudiArabia" further fueled the speculation, making it seem more believable to the football star's global fanbase.

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News Network
November 4,2024

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Shah Rukh Khan, the Bollywood superstar once known for being a chain smoker, has revealed that he has finally kicked the habit. The revelation came during an event organized by his fan clubs in Bandra to celebrate his 59th birthday on Saturday. 

In a video shared by fans on X, Shah Rukh mentioned, "There’s a good thing – I’m not smoking anymore, guys. I thought I wouldn’t feel so breathless after quitting, but I still do. Inshallah, that will also improve."

The actor has faced criticism for his smoking in the past, most notably in 2012 when he was seen smoking during an IPL match between his team, Kolkata Knight Riders, and Rajasthan Royals. Shah Rukh was fined a modest Rs 100 after pleading guilty in court in Jaipur for smoking in public.

During the same event, Shah Rukh held an Ask SRK session where fans asked questions. One fan inquired about what he has learned from his children. In his signature witty style, Shah Rukh recounted his birthday morning with charming anecdotes: "I woke up late after a dinner last night, spent time with my little one whose iPad wasn’t working, then my daughter had issues with her outfits... and then my elder son." The actor’s relatable details entertained the crowd, as always.

Shah Rukh went on to say, "I learn a lot from my family. The more children you have, the more patient you become! That’s what I carry with me to work – patience, love, and care. Whether at home, on set, or in the office, I’m there to fix things for everyone. Patience is the biggest lesson my family has taught me."

Shah Rukh Khan’s career continues to soar after an impressive comeback, with blockbuster hits like Pathaan and Jawan. His recent film Dunki received a more mixed response from the audience.

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News Network
November 7,2024

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The Israeli regime has killed at least 40 people during new airstrikes against eastern Lebanese areas, besides targeting the country’s capital Beirut with fresh acts of aggression.

Lebanon’s health ministry announced the fatalities on Wednesday, saying 53 other people had also been wounded during the aerial attacks that targeted the country’s Bekaa Valley, including the city of Baalbek.

In early Thursday, the regime was also reported to have attacked Beirut’s southern suburbs, including a site adjacent to Rafiq Hariri International Airport.

The attacks came after the regime issued short-notice evacuation orders apparently directed at the residents of the areas, claiming that the areas contained facilities belonging to Lebanon’s Hezbollah resistance movement.

Tel Aviv has been using similar claims on countless occasions since last October, when it markedly intensified its deadly acts of aggression against Lebanon, in order to try to justify the escalation. Hezbollah has, however, invariably refuted the claims.

Also on Wednesday, the United Nations warned in its most recent flash report on the humanitarian crisis caused by the Israeli atrocities targeting Lebanon that the aggression had “reached a critical point.”

The attacks have claimed the lives of more than 3,000 people, which was “58 percent more than the 1,900 fatalities” that were caused by the regime’s 2006 war against Lebanon, the report said.

“Additionally, an estimated 1.3 million people have been displaced, both within Lebanon and into neighboring countries, 33 percent more than the number of people displaced in 2006,” it added.

Women comprised the majority of those who had been rendered homeless within Lebanon as a result of the Israeli attacks, the report noted.

It also regretted that the Israeli attacks had featured 78 assaults on healthcare facilities across the country that had claimed the lives of 130 health workers and injured 111 others.

In response to the aggression, Hezbollah has been staging hundreds of retaliatory strikes against the occupied Palestinian territories and the Israeli forces trying to advance on southern Lebanese areas.

The movement has vowed to sustain its strikes until the regime ends the escalation.

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