Category: price hike

Pfizer Plans to Hike Price of US COVID-19 Vaccine by 400 Percent

October 21, 2022
Booster ShotsBusiness & MarketsBusinesses in COVID-19CompaniesPfizer BioNTechPfizer CEOPfizer vaccineprice hikeUS
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Pfizer is looking to raise the price of its COVID-19 vaccines in the United States by up to four times once Washington’s purchase program ends, according to the company’s U.S. president, Angela Lukin. Pfizer’s COVID-19 vaccine is presently provided free for all Americans by the U.S. government. Next year, when the U.S. public health emergency…

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US Postal Service Plans to Hike Prices to Offset Inflation

October 8, 2022
Business & Marketseconomyinflationprice hikeUSUS NewsUSPS
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The cost-of-living crunch that’s frustrating American households is also putting the squeeze on the U.S. Postal Service (USPS), which on Friday announced plans to raise prices to “offset the rise in inflation.” The agency said in an Oct. 7 statement that it has proposed a range of price hikes, including for stamps and raising fees…

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Chipmaker Intel Starts Informing Customers of Price-Hike Plan

July 15, 2022
chipmakerIntelprice hikeTechTech News
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Intel Corp. said on Thursday it has started informing customers of its plan to raise prices for many of its chip products due to rising costs, a move that the company had first hinted in its first-quarter earnings call on April 28. The price increases could come into effect in autumn and the percentage increases…

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Tesla to Charge More for Cars in the US as Inflation Bites

June 17, 2022
Business & MarketsCompaniesElon Muskinflationprice hikeTesla Inc
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Tesla Inc. again raised prices for all its car models in the United States in response to persistent global supply-chain problems and soaring raw material costs. The electric carmaker increased its Model Y long-range price to $65,990 from $62,990, its website showed on Thursday, after delaying U.S. deliveries of some long-range models by up to…

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