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Stock impact report

Fauci says China’s vaccines are ‘not at the level’ of Western ones, hindering Beijing’s ability to control COVID without ‘draconian’ lockdowns [Fortune]

BioNTech SE - American Depositary Shares (BNTX) 
Company Research Source: Fortune
Dr. Anthony Fauci, the White House’s chief medical adivisor and one of the top officials responsible for the U.S. pandemic response, criticized another major economy’s approach to the pandemic on Thursday. In an interview with the Washington Post, the outgoing director of the National Institute of Allergy and Infectious Diseases said that China’s response was “draconian.” China is currently facing protests from Chinese residents frustrated with the country’s use of snap lockdowns and mass testing to suppress outbreaks. Fauci said that lockdowns like China’s should “give you time to respond so that you can open up.” Yet Fauci suggested that less effective Chinese vaccines were hindering Beijing’s ability to end COVID-zero. “The efficacy of the China-made vaccines are not at the level of the vaccines that have been used in the United States,” he said. China’s COVID vaccines primarily come from Sinovac, a private company, and Sinopharm, a state-owned pharmaceutical company. Chinese c Show less Read more
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