Market Chatter: Pfizer's Vaccine Disputes With Poland, Romania Continue

MT Newswires Live
Jul 10

Pfizer's (PFE) vaccine disputes with Poland and Romania continue, now extending to the countries' air traffic agencies, Bloomberg reported Friday.

Eurocontrol has informed the countries' air traffic controllers that it is halting the transfers of route charges collected from airlines to Poland and Romania as Pfizer seeks to enforce an earlier award for the countries' unpaid Covid-19 vaccine supplies, according to the report.

A Belgian court ordered the countries to fulfill their payment obligations, with an award of 5.6 billion Polish zloty ($1.47 billion) against Poland, Bloomberg reported. According to the report, Pfizer said it is ensuring the countries' compliance through established legal means.

Poland and Romania plan to appeal the ruling, while Poland's air traffic controller is requesting Eurocontrol's resumption of its transfers, Bloomberg added.

Pfizer and Eurocontrol did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10