This is where the world stands on temporarily waiving vaccine patents to save lives during the coronavirus pandemic. John Iadarola and Brett Erlich break it down on The Damage Report.
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Read more here: https://news.yahoo.com/pfizer-moderna-shares-plummet-biden-204800783.html
"The United States will advocate for waiving COVID-19 vaccine patent protections in discussions with the World Trade Organization, U.S. Trade Representative Katherine Tai announced Wednesday.
The Biden administration "believes strongly in intellectual property protections," Tai said in a statement, but the White House will back the waiver given the "extraordinary circumstances of the COVID-19 pandemic." The administration has faced pressure to support the measure, which is aimed at increasing vaccinations around the world — especially in countries experiencing a surge in infections, like India — without having to rely solely on exports."
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