In order to meet the domestic and global demand of coronavirus vaccines, and to prepare for any future pandemic threats, the U.S. Government announced plans to spend billions of dollars to expand vaccine manufacturing capacity.
With the goal of producing at least one billion additional doses a year starting by the second half of 2022, the Biden administration is offering financial support to pharmaceutical companies that have experience in manufacturing mRNA vaccines, including Pfizer Inc. and Moderna Inc.
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Political News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.