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"In lieu of global cooperation and solidarity, pharmaceutical companies are being empowered to act as kingmakers ―deciding who lives and who dies― and using this new-found power to extract subsidies and potentially high prices for new COVID-19 vaccines," said Oxfam today in response to reports that French pharmaceutical company, Sanofi, will prioritize the US for any new COVID-19 vaccine.

The World Bank and International Monetary Fund need to ditch the ‘trickle down’ economics of the past and lead the fight against inequality if they are serious about the new target to end extreme poverty by 2030.

Despite there being more young people in the world today than ever before, they are excluded from decision-making and are the most vulnerable to economic crises, says a new Oxfam report.

Today marks an extraordinary gathering in New York of world leaders who have committed for the first time to take a stand together in the fight to promote inclusion and end extreme inequality.   An initiative led by Sweden alongside the 74th UN General Assembly, the gathering included heads of state and government from Sweden, Ethiopia, Spain, Sierra Leone, and Namibia; the Vice President of Indonesia, the Deputy Prime Minister of Ireland, and the Foreign Minister of Timor-Leste; and representatives from Uruguay and Tunisia, with the support of the Republic of Korea.…

“The pharmaceutical industry’s attempt to rubbish the World Health Organisation’s initiative suggests that they care more for profits than people’s health," said Anna Marriott, Health Policy Manager for Oxfam, in response to the World Health Organisation’s call for governments to back a voluntary scheme to share trial data and patents relating to vaccines and treatments for the coronavirus.

The global repercussions of the Ukraine crisis ―already being felt in fast-rising food, commodity and energy prices― could undermine official aid efforts to help people in other humanitarian hot-spots. 

$200bn could mean the difference between success and failure in Copenhagen, as the UN climate summit begins in the city today. The Summit marks the culmination of two years of international negotiations on a deal to prevent catastrophic climate change.

New figures from the Peoples Vaccine Alliance reveal that the companies behind two of the most successful COVID vaccines – Pfizer, BioNTech and Moderna – are making combined profits of $65,000 every minute. The figures based on the latest company reports are released as CEOs from pharmaceutical industry meet for the annual STAT summit —the equivalent of a ‘Big Pharma Davos’— from 16-18 November.

More than a million people have died from COVID since G7 leaders last met back in February, when they made vague pledges to increase the global vaccine supply, but crucially failed to collectively back the waiver of intellectual property rules and investment in manufacturing vaccines in developing countries that would really make the difference.

The world’s ten richest men more than doubled their fortunes from $700 billion to $1.5 trillion —at a rate of $15,000 per second or $1.3 billion a day— during the first two years of a pandemic that has seen the incomes of 99 percent of humanity fall and over 160 million more people forced into poverty.