Thinking about it, this certainly does appear to be a purchase based on self-interest.  The company that manufactured a product, potentially creating long-term issues with blood disorders (ie clotting), now purchases the company that specializes in the treatment of blood disorders.

Am I the only one that sees this as sketchy?

Aug 8 (Reuters) – Pfizer Inc on Monday agreed to pay $5.4 billion in cash for Global Blood Therapeutics (GBT.O), as it looks to capitalize on a surge in revenue from its COVID-19 vaccine and treatment.

Pfizer will pay $68.50 per GBT share, which represents a 7.3% premium to its Friday closing price. The deal is at a more than 40% premium where GBT was trading before the Wall Street Journal reported that Pfizer was in advanced talks to buy it on Thursday.

Pfizer’s 2021 revenue of $81.3 billion was nearly double the mark from the previous year, due to COVID-19 vaccine sales. With the addition of its COVID-19 antiviral pill Paxlovid, Pfizer is expected to generate around $100 billion in revenue this year, but sales from both products are expected to decline going forward.

Pfizer has been on the lookout for acquisitions that could bring in billions in annual sales by the end of the decade. (read more)

Aamir Malik, Pfizer’s top dealmaker, said the company was focused on improving growth for the second half of the decade. “We think that there are opportunities across all therapeutic areas that we’re active in,” Malik said.

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Reminder, Nikki Haley in February 2021: …”“I don’t think [Trump’s] going to be in the picture,” she said, matter-of-factly. “I don’t think he can. He’s fallen so far.” […] “We need to acknowledge he let us down,” she said. “He went down a path he shouldn’t have, and we shouldn’t have followed him, and we shouldn’t have listened to him. And we can’t let that ever happen again.”  (link)

Two months later, April 2021, when asked about her 2024 presidential ambitions Nikki Haley says:…”Out of respect I would never do anything to go against [Trump], he knows that. I would have a conversation with him and talk to him about it should we decide we want to pursue it; but, um, no, I have a great respect for him, and I would never consider running against him.” (link)

Today when asked about her presidential ambitions Nikki Haley says, “if there’s a place for me.” WATCH (Prompted):

CTH has been warning about Nikki Haley ever since she asked Sarah Palin to help her win the South Carolina Governor’s race, and then stabbed Palin in the back with the most derisive negative commentary thereafter.  Nikki Haley would never have been governor without Sarah Palin; those who know politics know this is absolutely true…. And Haley is a snake.

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The great pretending continues.  During a Sunday talk show appearance, San Francisco Fed Chair Mary Daley states, “what I see is supply and demand are just unbalanced. About 50% by my own staff’s estimates of the excess inflation we see is related to demand. The other 50% to supply.”  Note, she is not talking about energy.

Margaret Brennan, maintaining her position as the professional CBS narrative engineer, never thinks to ask: (a) where is this demand you speak of, and what exactly are they demanding? and/or (b) What is this 50% inflation on the supply side connected to?  Obviously, an actual probing of inflation wasn’t in the script. The great pretending continues.  [Transcript Here]

CTH has stated without reservation that August’s inflation report will show a significant –albeit temporary– drop in inflation as measured by the govt.  The drop in gasoline prices throughout July (created by a drop in demand) will allow the fiscal and monetary policy makers to falsely claim overall inflation peaked. However, after a brief respite the inflation now growing in the ground (massive increases in farm costs), will then launch into the food supply chain.  This delayed food inflation will overtake the energy inflation in the latter part of this year.  WATCH:

[Transcript] – MARGARET BRENNAN: We turn now to the state of the economy and the president of the San Francisco Federal Reserve Bank, Mary Daly. Good morning to you.

FEDERAL RESERVE BANK OF SAN FRANCISCO PRESIDENT MARY DALY: Good morning.

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After exhibiting a congressional perspective in line with democrats, and then voting to authorize the J6 committee along with President Trump’s impeachment, Michigan representative Pete Meijer lost his primary reelection bid to John Gibbs.

The CBS crew quickly contacted Meijer to provide him the opportunity to belittle the base of the republican party that rejected him from office.  Silver spooner Pete Meijer was more than happy to accommodate the request and appears with Margaret Brennan. [Transcript Link] – WATCH:

[Transcript] – MARGARET BRENNAN: Michigan Congressman Peter Meijer is one of 10 House Republicans who voted to impeach former President Trump following the attack on the Capitol. Last Tuesday, he lost his primary race against a Trump-endorsed challenger. Congressman Meijer is with us this morning from Grand Rapids, Michigan. Good morning to Congressman. The person who won that primary is an election denier named John Gibbs, and he is backed by former President Trump. Why do you think Michigan Republicans favored him?

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Every once in a while, you come across an article that seems like one thing but is actually another thing entirely.  The NPR story of how “The U.S. made a breakthrough battery discovery — then gave the technology to China“, is one such article.

Several people sent this to us for opinion and review; however, the background of the article reveals something quite different. Then again, perhaps that’s exactly why NPR wrote it.

[READ THE STORY HERE]

It is important to read the story as presented by NPR, because it is oddly written as if someone is trying to use the outlet to get out ahead of something else.

The issue surrounds a new product technology called a vanadium redox flow battery.  Essentially the U.S. government funded scientists to develop an advanced battery that could store energy without degrading.  After success, the technology was then sent to China for manufacturing.  China then invested heavily in the product and used the technology to mass manufacture the battery for the global market. The United States is now behind in the product development and manufacture.

As the story is told in NPR, “the Chinese company didn’t steal this technology. It was given to them — by the U.S. Department of Energy. First in 2017, as part of a sublicense, and later, in 2021, as part of a license transfer.”  Except that’s not what happened at all.  There is some major ‘ass-covering’ in that false narrative.

The lead scientist working on the vanadium redox flow battery project was a man named Gary Yang.  Mr. Yang was born in China and emigrated to the U.S. becoming a U.S. citizen.  Yang worked with U.S. scientists to develop the technology and was funded by a multi-million research grant from the Dept of Energy.

After their initial success, according to NPR, “in 2012, Yang applied to the Department of Energy for a license to manufacture and sell the batteries.”  The Dept of Energy license was granted, and Yang launched UniEnergy Technologies as the parent company to develop the commercial application of the product.

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Politico is reporting on the likelihood that Joe Biden is preparing to extend the national COVID-19 state of emergency through the 2022 midterm elections.

The debate, as outlined in just about every media narrative surrounding renewals of a national COVID emergency, is obtusely presented as if the primary political concern is public health.

Again, everyone must pretend not to know the true motive of the “emergency” is extending unilateral executive power and all of the control mechanisms therein. One mechanism would include the use of ‘Mail-in election ballots‘, which has absolutely nothing to do with public health.

The article appears to be somewhat testing the proverbial public winds.

WASHINGTON – The Biden administration is expected to extend the Covid-19 public health emergency once again, ensuring that federal measures expanding access to health coverage, vaccines and treatments remain in place beyond the midterm elections, three people with knowledge of the matter told POLITICO.

The planned renewal follows extensive deliberations among Biden officials over the future of the emergency declaration, including some who questioned whether it was time to let the designation lapse.

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Steve Bannon gives a keynote address to the audience at the CPAC convention in Dallas, Texas.  During the beginning of his remarks, Bannon and the audience salute Arizona Republican gubernatorial candidate Kari Lake for her ferocity standing fearlessly in front of the firestorm and winning the primary contest.

Later in his unscripted remarks, around the 09:00 mark, Bannon begins discussing the Fourth Branch of Government.  WATCH:

https://youtu.be/38GXbu_IsE8

.

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Most casual political observers have absolutely no idea how McConnell works.  However, for over a decade CTH has been trying –mostly failing– to awaken the base of commonsense voters.  In 2010, 2011 and 2012 the #1 priority for McConnell was to destroy the threat represented by the Tea Party.  In 2022 we are seeing an exact replay of the same intents and purposes, only this time the target is President Trump’s MAGA movement.

During a recent interview on Fox News, Mitch McConnell was asked about the future of the Senate against the backdrop of the midterm election.  Mitch McConnell’s team literally scrubbed his response from their own copy of this interview [SEE HERE]. This is a familiar tactic from the DeceptiCon group who always cover their tracks. However, the segment lasts on the internet [06:45 prompted] WATCH:

https://youtu.be/qAJgD3FZ-js?t=405

Mitch McConnell essentially says the Senate is too close to call and the democrats may be “up slightly” because the wrong kind of republican candidates have been nominated in the GOP primary process in Ohio, Pennsylvania, Missouri and Arizona.  Once again, the elitist UniParty view of DC Mitch McConnell shines through.

Keep in mind this is the same Mitch McConnell who was challenged by the audience during a 2017 Rotary Club meeting in Kentucky, about why he refused to support the election priorities of President Trump.  McConnell responded, “I’d ask for a show of hands, but I know everybody’s saying, ‘been there, haven’t done anything,’ which I find extremely irritating — and I’m going to tell you why.”

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McDonalds has announced they are dropping their program testing plant-based meats because people didn’t like it.

As noted by the Washington Times, “other trials at Panda Express and Yum! Brands (KFC, Taco Bell, and Pizza Hut) have also ended without a subsequent product launch. Beyond Meat products at Dunkin’, Hardee’s, and A&W have been discontinued after launching.”

Apparently, American consumers do not want to eat fake meat; at least not fake meat made from plants.

Next up….  Bug meat.

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A few days ago, we were discussing the disconnect within the economy as it relates to corporate valuations.  The Bureau of Labor Statistics report today [DATA HERE] highlights another economic disconnect, this time with labor.  According to the BLS survey 528,000 jobs were added to the economy in July, the unemployment rate drops to 3.5%.

The household data [Table A] shows the number of eligible workers unemployed dropped 242,000; however, the number of eligible workers no longer in the workforce increased by 239,000.  The total labor force is shrinking as unemployment drops.

Keep in mind the previous BLS survey of job openings (JOLTS report) showed available jobs dropped 605,000 in July.  “On the last business day of June, the number and rate of job openings decreased to 10.7 million (-605,000) and 6.6 percent, respectively. The largest decreases in job openings were in retail trade (-343,000), wholesale trade (-82,000), and in state and local government education (-62,000).” [JOLTS survey]

Going back to today’s release, 303,000 part-time jobs were added in July; these are workers working part-time for economic reasons.  The Household Data shows that within the leisure and hospitality sector [Table B-1] restaurants and bars added 74,000 jobs.

If we combine both BLS surveys two days apart is: 605,000 job openings cancelled, and 528,000 new jobs gained.

Of the 528,000 new jobs gained, 303,000 were part time jobs with the largest growth in the jobs in restaurants and bars.

Again, blending data from both reports and focusing on retail.  The retail sector cancelled 343,000 job openings in July, and the retail sector added 21,600 jobs in July.  Within the retail sector (table B-1), jobs at automotive dealers, furniture stores and clothing/apparel stores dropped by a combined 7,200 jobs.

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