The following is a conversation with Albert Berla, CEO of Pfizer. If you'd like to skip ahead to our conversation, the timestamps as always are below. But if not, please allow me to say a few words about truth and human nature. |||||||| HIDDEN IN PREVIEW MODE ||||||| The second group, too, will tell you that only they possess the truth, and that the government will hurt you, the company will hurt you, the science, the authorities, the experts, the institutions will hurt you. |||||||| HIDDEN IN PREVIEW MODE ||||||| This is the burden of being human, of being free. |||||||| HIDDEN IN PREVIEW MODE ||||||| If you ignore the power of science, you're not being honest with the lessons of history. |||||||| HIDDEN IN PREVIEW MODE ||||||| I took two shots of the Pfizer vaccine. |||||||| HIDDEN IN PREVIEW MODE ||||||| When my words fall short, as they often do, it is only because of the limitations of my mind and of my speaking ability. |||||||| HIDDEN IN PREVIEW MODE ||||||| I hope to prove this to you and to myself in the coming years. This life is short, and to me, without integrity, it is not worth living. |||||||| HIDDEN IN PREVIEW MODE ||||||| And as Dostoevsky said, beauty will save the world. |||||||| HIDDEN IN PREVIEW MODE ||||||| And yet, it is more of a source of division. |||||||| HIDDEN IN PREVIEW MODE ||||||| We had assembled in a very small office that we are having in Connecticut, very few people. |||||||| HIDDEN IN PREVIEW MODE ||||||| Like if a huge weight that was on my shoulders was lifted. |||||||| HIDDEN IN PREVIEW MODE ||||||| Listen, maybe it's the Russian thing too. |||||||| HIDDEN IN PREVIEW MODE ||||||| We are putting money. |||||||| HIDDEN IN PREVIEW MODE ||||||| We put everything in one go so that we don't lose time. |||||||| HIDDEN IN PREVIEW MODE ||||||| Here, we put all together a little bit more than $2 billion, $2.3 billion. |||||||| HIDDEN IN PREVIEW MODE ||||||| People were scared. |||||||| HIDDEN IN PREVIEW MODE ||||||| And we knew that we have capabilities that may help. |||||||| HIDDEN IN PREVIEW MODE ||||||| How much of both of those things are part of the calculation? So when you said it was an obvious choice, I think you've said a bunch of things of the kind of saying we need to go all in, sort of very boldly diving in. How much was that the world is facing uncertainty and fear and potentially destructive pandemic in the early days, just when you're seeing the full uncertainty before us, don't know how it's going to unroll? And how much of it is this may also be a good financial decision to take this risk? Yeah, I think about it all the time. |||||||| HIDDEN IN PREVIEW MODE ||||||| If you don't do that, you will never make money. |||||||| HIDDEN IN PREVIEW MODE ||||||| And that's what the management was that the shareholders want, because that's the only way that we can create value. |||||||| HIDDEN IN PREVIEW MODE ||||||| But what you can do is to change the rules of the game so that you won't lose the money. There are very well established methodologies that would say with very high precision if your medicine is effective, if your medicine is safe.

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