As coronavirus ruined the US economy, these companies reaped 'dramatic profits,' study says

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A study found that 17 of the top 25 most profitable U.S. corporations are expected to make almost $85 billion more in 2020 in than in previous years.

"The COVID-19 pandemic has exposed deep inequalities and massive failures in our economic system, leaving tens of millions of people in the United States without jobs, devastating public services, and bankrupting countless small businesses," said Irit Tamir, director of the private sector department at Oxfam America.

Masks for sale are seen displayed on a clothesline in the front yard of a house in Los Angeles on July 20, 2020.Oxfam's analysis revealed that overall, the 25 most profitable large U.S. companies have, on average, 11% higher net profits in the first six months of 2020 compared with their average net profits for the same time period going back to 2016.

The study noted the firms that have done extraordinarily well commercially amid the pandemic have tended to make or provide essential goods and services such as Internet communications, key medicines and diverse consumer products. The market capitalization of Moderna, a U.S. pharmaceutical firm viewed as a strong contender to produce a COVID-19 vaccine, has more than tripled since February to almost $32 billion, according to a manual calculation using its share price.

will end up with white Americans in 2020. Black and Latinx families – already disproportionately affected by COVID-19 – will receive only 16 cents each.

 

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“The failed response to coronavirus...” is more accurate

Who the fuck puts there masks up on a drying rack

Yup, thank you Antifa and BLM for ruining US economy.

The red one similarly looks like the Sindhi Ajrak of Ancient Indus Civilization of MohenJo Daro ♥ AjrakIsOurPride

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As coronavirus ruined the US economy, these companies reaped 'dramatic profits,' study saysThe study noted that the firms that have done extraordinarily well commercially amid the pandemic have tended to make or provide essential goods and services such as Internet communications and key medicines. Duh. Great reporting. I'm pretty sure those masks aren't stopping you from breathing in and exhaling air. Thanks Mr. Obvious- money well spent on your study
Source: USATODAY - 🏆 100. / 63 Read more »