The U.S. government announced on Wednesday it will pay Pfizer $1.95 billion to make and deliver 100 million doses of its COVID-19 vaccine from the BNT162 vaccine program if the vaccine receives approval from the FDA.
BioNTech, Pfizer announce deal for 100 million doses of coronavirus inoculation candidate.
Shares rise after 30,000 participants get their Phase III jabs.
Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider here to get this newsletter in your inbox every Sunday.
There's often a large degree of secrecy over salaries.
To shed a little light on who pays what, our reporters have been analyzing disclosure data for permanent and temporary foreign workers released by the US Office of Foreign Labor Certification to gauge how much companies offered to pay foreign staffers they sought to hire in the US through work visas.
As I've noted in the past, the data only reveals what companies pay foreign workers in roles for which they hired immigrant workers in fiscal year 2019. And the database also does not appear to include equity grants.
But the data is still valuable. Want to get a sense of how much the PR industry pays? Here you go. Or if you're thinking of making a move, you can get a sense of how much you can earn in the tech industry based in Seattle or Texas.
Below are a range of titles at 10 different companies. Click on the link to see salaries for other roles at that company and at others like it.
Accenture — Data science manager: $151,500
IBM — Government cloud field marketing leader (New York): $172,000
Microsoft — Senior software engineer lead: $182,575
Nike — Innovation director, digital innovation: $205,510
PwC — Advisory principal: $804,751
Salesforce — SVP, software engineering (California): $227,802
Spotify — Machine learning engineer: $230,000
TikTok — Principal Research Scientist: $300,000
Walmart — iOS engineer: $167,500
WPP — Chief creative officer: $830,000 to $880,000
You can also check out this interactive database from Rob Price, Skye Gould, and William Stevens breaking down how much Apple, Tesla, Amazon, and 10 other tech giants pay their workers, from engineers to salespeople.
Amazon's new No.2
Eugene Kim reports:
Amazon is turning to a 20-year company veteran with deep logistics chops for its new retail CEO position, a highly influential job that is widely considered the second most powerful after company founder and CEO Jeff Bezos.
Amazon announced that Dave Clark, SVP of worldwide operations, will become CEO of worldwide consumer when Jeff Wilke, who has been seen as Bezos's right-hand man, steps down from the position early next year. The job oversees everything from Amazon's core retail business to its massive shipping and logistics arm, as well as its growing physical stores segment, including Whole Foods.
You can read more on Clark's elevation here:
Amazon just promoted Dave Clark, a former warehouse manager with a music degree, to be its new retail CEO after having 'tested' him for years
Eugene, Rachel Premack, and Hayley Peterson profiled Clark back in May, focusing on his role in charge of shaping Amazon's COVID-19 response, including changes in the supply-chain network and warehouse safety policies. You can read that story here:
How Dave Clark, the mastermind behind Amazon's coronavirus response, became one of the most powerful executives in America
Amazon also added three new executives to the company's "S-team," a group of 25 top leaders who work on the company's most important issues, Eugene reported. Most notably, it added Alicia Boler Davis, VP of global delivery services, to the S-team, making her the first woman of color to join the group. Here's the full list:
Amazon's big shakeup: Jeff Bezos's No. 2 leaves, and the top leadership circle adds its first Black woman — here's the full list of Bezos's 'S-team'
Operation Warp Speed
Moncef Slaoui, the chief adviser to Operation Warp Speed, the US government's program to deliver a safe and effective coronavirus vaccine as soon as possible, talked to Andy Dunn in a rare interview. Here are some of the highlights:
Slaoui shared his best timeline on the race for a COVID-19 vaccine and predicts a return to normal in the 2nd half of 2021.
He explained how Operation Warp Speed decided which 6 candidates to back with massive multibillion-dollar deals.
Slaoui said some biotechs 'misled their shareholders' and 'frustrated the hell' out of him by playing up connections to the secretive government program.
You can read the full transcript here:
We spoke to Trump's coronavirus vaccine czar about when he anticipates getting a coronavirus vaccine, the secrecy around Operation Warp Speed, and his typical day that starts at 2:30 a.m.
Below are headlines on some of the stories you might have missed from the past week.
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7 cities real estate investors should target in the 2020s, from a property management CEO who built a $3 million portfolio from scratch
A Republican central to Trump's reelection campaign led secret talks to remove him from the 2016 ballot, sources say
POWER PLAYERS: The 18 leaders at Google Health shaping the tech giant's secretive healthcare business
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The 20 retail startups VCs have pegged as most likely to take off in 2020 — and how they'll redefine the retail landscape
An Instagram 'micro' influencer with 45,000 followers explains how much money she charges for a sponsored post and story slide
Inside the drama at Blackstone's $129 billion credit division, where pay changes, PR black eyes, and disapproval of its internal hedge fund preceded an exodus in distressed tradingJoin the conversation about this story » NOW WATCH: How waste is dealt with on the world's largest cruise ship
The Trump administration has asked states to be ready to distribute a vaccine by November 1, even if it means cutting red tape.
Top health officials created a roadmap for getting the coronavirus vaccine to everyone who wants one.
"I do think it is appropriate to set the threshold of safety follow-up," Operation Warp Speed chief advisor Moncef Slaoui told BI.
At the beginning of the debate, the spread of the coronavirus and its repercussions immediately caused tension between the two candidates.
Regeneron does not claim its antibody therapy is a cure — but Trump has already said Americans should get it for free.
"Optimistically, I would hope by the summer we are substantially back to normal," Moncef Slaoui, scientific head of Operation Warp Speed, told BI.
President Trump has promised a coronavirus vaccine "momentarily." But that's unlikely as companies report delays in the final phase of vaccine trials.
On Thursday, the US Marshals said it would protect a COVID-19 vaccine as it travels throughout the United States.
The US Marshals issued a statement and said, “Deputy Marshals are working hand-in-hand with Operation Warp Speed personnel to provide security for COVID-19 vaccines from the facilities where they are manufactured to distribution sites”.
Point to be noted that the Strategic National Stockpile Security Operations Program indicated that deputies will be stationed at several points during the distribution process to protect storage stockpiles, manufacturers, transports, and receiving facilities.
The agency will be responsible for disseminating medical materials and pharmaceuticals to the American people in a time of crisis.
On Thursday, a federal advisory panel has also recommended Pfizer’s vaccine for approval.
The UPS started shipping vaccine kits, which arrived at some hospitals on Thursday.
We can manufacture and distribute enough coronavirus vaccines to protect humanity
An outdated Pentagon system keeping track of COVID-19 vaccine supply might be responsible for the confusion between states and the federal government.
If you're younger than 65 and relatively healthy, it could take until mid-2021 to get your coronavirus shots.
"It was a planning error, and I am responsible," said General Gustave Perna, the chief operating officer of Operation Warp Speed.
Operation Warp Speed has not met its own lofty goal of delivering 300 million doses by the end of 2020.
The conservative economist and ally of President Donald Trump said that "the calvary is coming" in describing the coronavirus vaccine.
The DPA is a Korean War-era law that gives the president broad authority to compel US industries to produce supplies for the national defense.
Ashish Jha, the dean of Brown University School of Public Health, said the issues lie with the federal government, which passed the burden to states.