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Fact Check : Pfizer Delisting On Nasdaq + NYSE?!

Fact Check : Pfizer Delisting Itself On Nasdaq + NYSE?!

Is Pfizer really delisting itself on the Nasdaq and NYSE?! Was it due to the recent release of their COVID-19 vaccine documents?!

Take a look at the viral claim, and find out what the facts really are!

 

Claim : Pfizer Is Delisting Itself On Nasdaq + NYSE!

People are excitedly sharing messages and articles claiming that Pfizer is delisting itself on both the Nasdaq and the New York Stock Exchange (NYSE)!

According to these messages and articles, Pfizer is delisting itself in both stock exchanges over the recent release of their COVID-19 vaccine documents with 9 pages that allegedly listed 1,291 side effects.

This example of what’s being shared is long, so feel free to skip to the next section for the facts!

Arena Pharma moved higher after Nasdaq announced a delisting notice for Pfizer Inc, U.S. investment research platform Seeking Alpha reported on March 8.

 

Truth : Pfizer Is NOT Delisting Itself On Nasdaq / NYSE!

This is yet another example of anti-Pfizer, anti-vaccine FAKE NEWS being created and propagated by anti-vaccination activists. Here are the reasons why…

Fact #1 : Pfizer Is Not Delisting Itself On Nasdaq / NYSE

I had already addressed this earlier, when they claimed that the NYSE delisted Pfizer.

Now they are claiming that Pfizer is delisting itself on Nasdaq or NYSE, but that is also complete nonsense.

Anyone who takes just 2 seconds to look at the NYSE or Nasdaq website, or even Google, would realise that Pfizer Inc. (PFE) is still listed on both stock exchanges.

Not only is Pfizer still on Nasdaq and NYSE, its stock price actually went up by 2.17% on 11 March 2022!

Read more : Did NYSE Just Delist Pfizer Over Vaccine Scandal?!

Fact #2 : Pfizer Delisted Its 0.250% Note From NYSE

This new fake news is based on two recent Pfizer announcements. The first is a Form 25 submission that Pfizer filed with the SEC (US Securities and Exchange Commission) on 7 March 2022.

Pfizer submitted that Form 25 to delist its euro-denominated 0.250% notes – basically debt with a payable interest of 0.25% that matured on 7 March 2022.

In short, Pfizer paid off that matured debt with interest, and consequently removed the notes from the NYSE. It’s even stated in the description of their 7 March 2022 SEC filing on the Pfizer website.

Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial Filing Amendments

The Pfizer common stock (PFE) remains on the NYSE and Nasdaq, and is being actively traded as we speak.

Fact #3 : Companies Can’t Go Private By Simply Delisting

Public-listed companies can go private, but not by simply notifying the stock exchange.

They have to first purchase shares from a majority of the shareholders, before they can even think of going private.

Even if that happens, the process can take four to six months to complete. It doesn’t just happen over a few days, with a simple notification to the stock exchange.

Fact #4 : Pfizer Delisted Arena Pharmaceuticals

The second Pfizer news that this fake story is based on is their delisting of Arena Pharmaceuticals from the Nasdaq Global Select Market.

Pfizer announced that it completed its acquisition of Arena Pharmaceuticals on 11 March 2022, and so Arena’s shares of common stock were delisted that day.

Again, Pfizer was not delisting itself, it was delisting the common stock of its (now) wholly owned subsidiary, Arena Pharmaceuticals.

Fact #3 : G-Times News Is Infamous For Fake News

This fake story appears to be created by G-Times News, a website owned by Guo Media – a company associated with Guo Wengui (also known as Miles Guo) and Steve Bannon.

Guo is an exiled Chinese businessman, and both Guo and Bannon are infamous for creating and spreading misinformation.

Naturally, both Guo and Bannon are often featured in G-Times News coverage. It doesn’t make them prescient, just pretentious.

Please help us fight fake news, by sharing this fact check with your family and friends!

 

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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Did NYSE Just Delist Pfizer Over Vaccine Scandal?!

Did the NYSE just delist Pfizer over the recent release of their COVID-19 vaccine documents?!

Take a look at the viral claim, and find out what the facts really are!

 

Claim : NYSE Just Delisted Pfizer Over Vaccine Scandal!

People are excitedly sharing messages and articles claiming that the New York Stock Exchange (NYSE) just delisted Pfizer over the recent release of their COVID-19 vaccine documents.

Allegedly, this delisting was over 9 pages of Pfizer documents that listed 1,291 side effects from their COMIRNATY mRNA vaccine.

This example of what’s being shared is long, so feel free to skip to the next section for the facts!

Coronavirus was officially declared a pandemic two years ago today (11 March 2020). Ironically today marks the day that Pfizer has been delisted from the New York Stock Exchange.

 

Truth : NYSE Did NOT Delist Pfizer Over Vaccine Scandal!

This is yet another example of anti-Pfizer, anti-vaccine FAKE NEWS being created and propagated by anti-vaccination activists. Here are the reasons why…

Fact #1 : NYSE Did Not Delist Pfizer

It’s really silly, but let me just say it out straight – the New York Stock Exchange did NOT delist Pfizer.

Anyone who takes just 2 seconds to look at the NYSE website, or even Google, would realise that Pfizer Inc. (PFE) is still listed on the New York Stock Exchange!

Not only is Pfizer still on the NYSE, its stock price actually went up by 2.17% on 11 March 2022!

Read more : Was Pfizer COVID-19 Vaccine Proven To Change Our DNA?!

Fact #2 : Pfizer Delisted Its 0.250% Note From NYSE

People are sharing this Form 25 document filed with the SEC (US Securities and Exchange Commission) on 7 March 2022, as evidence that Pfizer was delisted from the NYSE.

The trouble is the Form 25 does not say what they think it said. The Form 25 was not filed to delist Pfizer from the NYSE.

Instead, Pfizer filed that Form 25 to delist its euro-denominated 0.250% notes – basically debt with a payable interest of 0.25% that matured on 7 March 2022.

In short, Pfizer paid off that matured debt with interest, and consequently removed the notes from the NYSE.

It’s even stated in the description of their 7 March 2022 SEC filing on the Pfizer website.

Notification filed by National Security Exchange to report the removal from listing and registration of matured, redeemed or retired securities Initial Filing Amendments

With the delisting of the 0.250% note, only the Pfizer common stock (PFE) and their 1.000% Note are still listed on the NYSE.

Fact #3 : Pfizer Vaccine Not Linked To 1,291 Adverse Events

The articles and messages falsely claimed that the Pfizer-BioNTech COVID-19 vaccine was linked to 1,291 adverse events in the recently-released documents.

That is a gross / intentional misunderstanding of the “List of Adverse Events of Special Interest” (AESI) in one of the documents released by the FDA.

That was a list of potential adverse events that Pfizer would looking out for in their post-vaccination surveillance.

Think of it as a shopping list of adverse events that everyone agreed that Pfizer should be looking out for.

Even if these adverse events did occur, scientists still need to find out if they actually occurred because of the vaccine, or some other causes.

Read more : Did Pfizer Vaccine Documents Reveal 1,291 Side Effects?!

Fact #4 : BioNTech Is Much Smaller Than Pfizer

Whoever wrote that piece is an idiot. A 5 second search would have shown the writer that BioNTech is much… MUCH smaller than Pfizer.

As of 13 March 2022, BioNTech has a market capitalisation of 32.9 billion dollars, while Pfizer is valued at 282.7 billion dollars. In other words, Pfizer is 8.6X “larger” than BioNTech.

While it is technically possible for BioNTech to buy out Pfizer, it would require A LOT of funds, many times more than it is worth. It is far more likely for Pfizer to buy BioNTech.

Fact #5 : Pfizer Acquired Arena Pharmaceuticals That Day

Ironically, Pfizer completed its acquisition of Arena Pharmaceuticals on 11 March 2022 – the day it was claimed that Pfizer was delisted from the NYSE.

Instead of Pfizer being delisted from the NYSE, it was Arena Pharmaceuticals that was delisted from the NASDAQ Global Select Market.

Incidentally, Pfizer purchased Arena for approximately $6.7 billion. While that’s a huge amount of money to most of us, it’s just 2.37% of Pfizer’s market capitalisation.

Fact #6 : Company Acquisitions Do Not Necessarily Change Products

The writer wonders what (vaccine) formula will BioNTech use after they acquire Pfizer. That’s an incredibly stupid comment.

First of all, the COMIRNATY vaccine was developed by BioNTech, not Pfizer. Pfizer is merely their manufacturing and marketing partner, just like Fosun Pharma in China. The vaccine technology and rights belong to BioNTech, not Pfizer.

Secondly, just because a company is acquired does not mean the new owners have to change product formulas, especially if it’s a winner like the COMIRNATY vaccine.

Fact #7 : Vaccines Are Highly Regulated

Unlike consumer products like Coca-Cola, vaccines are highly-regulated.

While you can buy over The Coca-Cola Company, and change the drink’s formula on a whim; changing the vaccine formula will mean new clinical trials and a new approval process.

And consider the absurdity of BioNTech buying over Pfizer, merely to change its own formula? This logic pretzel is simply astounding.

Don’t risk your life or your family’s lives on the bad science and misinformation.

Please help me fight fake news, by sharing this fact check with your family and friends!

 

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Name : Adrian Wong
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Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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Spotify Lost Over $4 Billion (So Far) Over Joe Rogan!

In less than a week, Spotify lost more than $4 billion in market value, after choosing to stick with Joe Rogan!

 

Spotify Backs Joe Rogan, Removes Neil Young

The whole Spotify-Joe Rogan debacle started on 25 January 2022, when Neil Young asked Spotify to remove his music, if they refuse to remove Joe Rogan’s podcasts.

I want you to let Spotify know immediately TODAY that I want all my music off their platform. They can have [Joe] Rogan or Young. Not both.

I am doing this because Spotify is spreading fake information about vaccines – potentially causing death to those who believe the disinformation being spread by them. Please act on this immediately today and keep me informed of the time schedule.

Without even pretending to show some faux PR concern, Spotify backed their star act – Joe Rogan – and immediately  from their platform the next day.

Read more : Spotify Backs Anti-Vax Joe Rogan, Removes Neil Young!

 

Spotify Lost Over $4 Billion (So Far) Over Joe Rogan!

Spotify was probably hoping that people will ignore the “rants of an ageing musician” and stick with “misinformation from an ageing reality show host”. Unfortunately, the customers and shareholders appear to disagree.

Right after Spotify removed Neil Young’s music from their platform, the hashtags #DeleteSpotify and #CancelSpotify started trending on social media.

By close of the market on Friday, 28 January 2022, Spotify share price was down 12%, wiping out about $4 billion of its market value.

As of Monday, 31 January 2022, Spotify shares are up 4.4% from Friday’s bottom price of $165.72, but its share price is expected to continue sliding with news of more artists and subscribers leaving…

  • 27 January : Spotify shut its live customer service, after it was inundated with complaints and requests to cancel subscriptions.
  • 27 January : Mia Farrow mocked Spotify for choosing “to keep creepy, dangerous liar Joe Rogan over Neil Young“.
  • 27 January : WHO Director-General Dr. Tedros Ghebreyesus thanked Neil Young for “standing up against misinformation and inaccuracies around #COVID19 vaccination.
  • 28 January : Joni Mitchell asked Spotify to remove all of her music, in solidarity with Neil Young.
  • 28 January : Daryl Hannah criticised Spotify for choosing to “make $$$ off disinformation that harms folks“.
  • 28 January : Spotify started telling customers they cannot allow cancellations because their customer service system was overwhelmed with cancellation requests.
  • 28 January : Perry Farrell tweeted that he planned to follow Neil Young.
  • 29 January : James Blunt jokingly threatened to release new music on Spotify if they don’t remove Joe Rogan, while calling it #YouWereBeautiful
  • 29 January : Crazy Horse guitarist, Nils Lofgren, also asked Spotify to remove his music.
  • 29 January : Spotify podcaster Brené Brown announced that she “will not be releasing any podcasts until further notice“.

 

Should You Boycott Spotify For Supporting Joe Rogan?

In a follow-up post, Neil Young called Spotify the “home of life threatening COVID misinformation“, and a “damaging force” in the fight against lies and misinformation.

I agree with Neil, and point out that it took his gutsy move to bring this out into the open, and force Spotify’s hand – was it merely oversight, or an intentional choice?

Spotify made their choice, and it’s time for us to make ours.

Neil called on other artists and record companies to also remove their content, and stop supporting its “deadly misinformation about COVID“.

I sincerely hope that other artists and record companies will move off the SPOTIFY platform and stop supporting SPOTIFY’s deadly misinformation about COVID.

We should make the same choice too. Stop listening to Spotify. Cancel your subscription. Close your account.

Tell your friends about the day Spotify chose misinformation over the truth. Choose truth over lies.

 

Please Support My Work!

Support my work through a bank transfer /  PayPal / credit card!

Name : Adrian Wong
Bank Transfer : CIMB 7064555917 (Swift Code : CIBBMYKL)
Credit Card / Paypal : https://paypal.me/techarp

Dr. Adrian Wong has been writing about tech and science since 1997, even publishing a book with Prentice Hall called Breaking Through The BIOS Barrier (ISBN 978-0131455368) while in medical school.

He continues to devote countless hours every day writing about tech, medicine and science, in his pursuit of facts in a post-truth world.

 

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