Economy
Pfizer will ask for emergency authorization of its COVID-19 vaccine today
After last week’s announcement of a 95% efficiency rate, Pfizer and BioNTech are ready to ask for emergency authorization of its COVID-19 vaccine today.
In a press release, company officials confirmed that the pharmaceutical companies will submit the request to the U.S. Food and Drug Administration (FDA) on Friday.
“Filing for Emergency Use Authorization (EUA) in the U.S. is a critical step in making our vaccine candidate available to the global population as quickly as possible,” said Ugur Sahin, CEO and Co-founder of BioNTech.
At a press briefing Wednesday by Vice President Pence and members of the Coronavirus Task Force, an announcement was made that the vaccine will be able to be distributed 24 hours after the EUA approval.
Chief operating officer of Operation Warp Speed, General Perna, said, “we were going to be able to deliver the vaccine within 24 hours after EUA. That is distribution to the entire United States of America to include territories and metropolitan cities.”
Once Pfizer and BioNTech file for EUA, the FDA could authorize its vaccine as well as the Moderna vaccine in a matter of weeks.
“I think every American can be proud of the fact that we have a plan in place: that the moment that the FDA concludes that that vaccine is safe and effective, we have a system in place to begin, within 24 hours, shipping that vaccines to hospitals, healthcare facilities, and 24 hours after that, literally injecting that vaccine into Americans,” Pence said.
Economy
Chevron downsizes global San Fran headquarters, paying for employees to move to Texas office
Oil giant Chevron made a huge announcement saying it will be closing its current global headquarters in San Ramon, California. Even more telling, its encouraging employees to move to Houston, Texas.
The San Francisco Gate reported “the oil company will cover relocation costs for those voluntarily leaving for the Texas office, which has been growing and employs nearly 6,000 people. Meanwhile, the San Ramon office buildings have experienced dwindling numbers in recent years.”
Although the company is not leaving the state completely, “company leadership has pushed for a permanent move to Texas in the past” adds SFGATE. Chevron, which has had “deep roots” in California going back to the late 1800s, will vacate its 100-acre campus in 2023.
The Wall Street Journal reports the business hopes to move into a smaller space in San Ramon, which will remain its headquarters. A company spokesperson told SFGATE “the current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population.”
“The move is expected to occur during the third quarter of 2023” they continued. “Chevron will remain headquartered in California, where the company has a 140-year history and operations and partnerships throughout the state.”
The SFGATE notes Chevron is one of “the East Bay’s legacy companies joining the trend” to move their headquarters out of the area in recent years. Tech companies such as startups like Coinbase to industry pioneers like Hewlett Packard and Oracle have all vacated, with Elon Musk having been “one particularly outspoken voice decrying California’s business conditions.”
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