The Pfizer corporation dominated the news cycle on Monday when they announced their vaccine for covid-19 was 90% effective in clinical trials. The news sent the stock up 16%, and it also netted the CEO Albert Bourla an easy $5.6 million dollars as he dumped 62% of his stock on the news.
But this wasn’t simple profit taking. Bourla had to follow SEC guidelines regarding insiders selling stock in the companies they are affiliated with. In this case, it was Rule 10b5-1, which allows for an insider to sell a predetermined amount of stock at a predetermined time.
A Pfizer spokesperson told Axios that the CEO’s predetermined trading plan was formed in August.
It’s not hard to see what all of this implies. Bourla knew back in August that not only was his company’s vaccine successful, but he knew the day that the news would be released, sending the stock price to a near 52-week high.
So now the question is this. Why was such important news held back until one day after the media declared Biden was declared the winner of the 2020 election? If Bourla knew back in August, I’m sure many others did as well. Most likely even Dr. Fauci, who has close ties with Pfizer also knew. Yet he famously downplayed the possibility of a vaccine being announced this year. Why would he downplay the possibility of a vaccine when he most likely knew that one had already been developed and would be announced in November?
These are all important questions people need to start asking, but don’t expect the mainstream media to be the ones asking them.
So while Bourla’s stock sale may have been technically legal, it suggests highly immoral and unethical behavior from both him and others who had knowledge of the vaccine development, such as Dr. Fauci, who chose to tell the public the exact opposite of what he knew was true.
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