Pharma is currently setting aside probably $6 out of every $10 of profit for upcoming settlements and lawsuits.
Due to their contracts with each country they cannot be hit for criminal counts, but personal lawsuits and class actions will take a huge chunk out...eventually.
They'll roll in the cash, push it around to keep this going as long as possible then pay out for the inevitable lawsuits and still maintain massive gains, as well as increased stock they will sell off right before the crash.
It's what tobacco did when they saw the end coming. They will maximize their profits and accept inevitable legal costs as just a cost of doing business.
One of the most fucked up businesses we've allowed to grow this big.
Nope. Tobacco didn’t have a legal shield until they negotiated the global settlement back when smokes went from like $2 a pack to $4 overnight. It killed all the tertiary companies and the big boys just doubled prices and started funneling cash straight to the states.
Vaccines have wide legal immunity already. You cannot sue a vaccine manufacturer anywhere in the developed world. They pitched it as “hey, when you have a bad disease you’ll need us to take a moonshot and if you’re gonna hold us liable if something goes wrong we aren’t gonna make vaccines.” There is some amount set aside from each vaccine sale that goes into a resolution fund the government runs and if you get fucked up by a vaccine your sole recourse is a claim against that fund.
As much as I support the IATSE locals on this, I'll believe it when I see the pickets.
Pharma is currently setting aside probably $6 out of every $10 of profit for upcoming settlements and lawsuits.
Due to their contracts with each country they cannot be hit for criminal counts, but personal lawsuits and class actions will take a huge chunk out...eventually.
They'll roll in the cash, push it around to keep this going as long as possible then pay out for the inevitable lawsuits and still maintain massive gains, as well as increased stock they will sell off right before the crash.
It's what tobacco did when they saw the end coming. They will maximize their profits and accept inevitable legal costs as just a cost of doing business.
One of the most fucked up businesses we've allowed to grow this big.
Nope. Tobacco didn’t have a legal shield until they negotiated the global settlement back when smokes went from like $2 a pack to $4 overnight. It killed all the tertiary companies and the big boys just doubled prices and started funneling cash straight to the states.
Vaccines have wide legal immunity already. You cannot sue a vaccine manufacturer anywhere in the developed world. They pitched it as “hey, when you have a bad disease you’ll need us to take a moonshot and if you’re gonna hold us liable if something goes wrong we aren’t gonna make vaccines.” There is some amount set aside from each vaccine sale that goes into a resolution fund the government runs and if you get fucked up by a vaccine your sole recourse is a claim against that fund.