Jim Cramer on the White House declining Pfizer's offer for additional Covid-19 vaccine doses

Dr. Scott Gottlieb, a member of Pfizer’s board, told CNBC on Tuesday the company’s offers to provide the U.S. additional doses of its coronavirus vaccine in 2021 was declined by the Trump administration. CNBC's Jim Cramer and David Faber discuss. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6

President Donald Trump is expected to sign an executive order on Tuesday designed to ensure that U.S. efforts to assist other countries in vaccinating their populations against Covid-19 take on a lower priority than domestic inoculations.

In a call with reporters Monday afternoon, a senior administration official described the order as primarily a “reaffirmation of the president’s commitment to America First.” Additionally, the order directs a handful of government agencies, including the State Department and the United States Agency for International Development, to work together to help international partners and allies procure Covid vaccines, the official said.

CNBC has not reviewed the proposed text of the executive order, which could prove to be largely symbolic. The plans for the executive order were earlier reported by Fox News.

An administration official told NBC News on Monday that the timeline for providing foreign assistance will be shaped by supply and demand but is anticipated to begin in the second quarter. President-elect Joe Biden will take office on Jan. 20 and is likely to shape his own policy for obtaining and distributing Covid-19 vaccines, possibly limiting the impact of Trump’s order.

Trump is expected to sign the order after delivering remarks at the start of a Covid-19 summit at the White House on Tuesday, a senior administration official said on Monday’s call. The event will feature talks with administration officials and drug distributors, who will discuss the process of reviewing vaccine candidates and distributing them, the official said.

Trump has largely ignored the growing coronavirus crisis in recent weeks despite a surge in infections and a mounting death toll that has surpassed 2,000 fatalities per day, instead focusing on legal efforts to overturn the results of November’s presidential election.

Nonetheless, the signing will come at a particularly critical phase of vaccine development.

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