Double shot… Moderna and Pfizer drop earnings this week. 68% of Americans over the age of 12 are fully vaxxed — and 92% of that group had either Moderna or Pfizer shots. Unlike J&J, both have chosen to profit from Covid-vax sales. Last quarter, Moderna revealed a whopping $3B profit on $4.2B in vax sales. Meanwhile, Pfizer raised its yearly vaccine sales forecast to $33.5B, from $26B. The FDA just approved Pfizer’s vax for kids as young as 5, while nearly one in 10 Americans has received boosters of the three authorized vaccines.
La Mer skincare routine… Now reach for the bronzer. Beauty giant Estée Lauder owns brands like MAC, Clinique, Too Faced, and La Mer. The beauty industry lost $175B last year as masks replaced lip gloss and foundation. But matte is back: For fiscal year 2021, Estée’s sales and profits surpassed pre-pandemic levels. We’ll see whether the beauty boom is still accelerating when Estée unpacks earnings tomorrow.