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Poorer

Big Nonprofit Hospitals Expand in Wealthier Areas, Shun Poorer Ones

Many of the nation’s largest nonprofit hospital systems, which give aid to poorer communities to earn tax breaks, have been leaving those areas and moving into wealthier ones as they have added and shed hospitals in the last two decades. As nonprofits, these regional and national giants reap $8.8 billion from tax breaks annually, by one Johns Hopkins University researcher’s estimate. Among their obligations, they are expected to provide free medical care to those least able to afford it. Many top nonprofits,…

Europe Scoops Up LNG, Choking Off Power Supplies in Poorer Nations

ISLAMABAD—The war in Ukraine is depriving far-away developing countries of electricity, as the world’s supply of liquefied natural gas used to produce power is swallowed up by European nations as an alternative to Russian gas. A tender from Pakistan for around $1 billion of liquefied natural gas attracted no offers Thursday , Pakistani officials said. Each day, businesses and homes are suffering hours of government-imposed electricity shutdowns because the country can’t import enough natural gas to fuel power plants. The…

WTO Nations Agree to Ease Patent Rights to Boost Covid-19 Vaccine Supplies in Poorer Nations

GENEVA—The member countries of the World Trade Organization agreed Friday on a narrow measure aimed at boosting the supplies of Covid-19 vaccines in developing countries, wrapping up a bitter fight over corporate patent rights governing critical medical products during a pandemic.The compromise measure on intellectual property rights will make it easier for companies in developing nations such as South Africa to manufacture and export a patented Covid-19 vaccine—under limited circumstances—without a consent from the…

Pfizer to Sell Vaccines, Drugs at Low Prices to Poorer Countries

Pfizer Inc. will sell nearly two dozen of its patent-protected drugs and vaccines at not-for-profit prices to some of the world’s poorest countries.Under the program, Pfizer will begin shipping the medicines first to Ghana, Malawi, Rwanda, Senegal and Uganda before the end of this year, Chief Executive Albert Bourla said in an interview. The arrangement means that some of the drugs that carry list prices of tens of thousands of dollars a year in the U.S. would…