Economic Recovery & Reopening Update: 11/18/2021

NJ Chamber
Economic Recovery & Reopening Update
November 18, 2021
Content Curated By Scott Goldstein
  • CVS Health plans to close hundreds of drugstores.
  • Pfizer and the U.S. ink a $5.29 billion deal for possible COVID-19 treatment.
  • Smart pricing strategies to attract customers.
CVS Health Plans to Close Hundreds of Drugstores
CVS announced today that it will close 900 drugstores – nearly a tenth of its stores – over the next three years as it adjusts to changing customer needs and converts to new store formats. The company also sells insurance and runs prescription drug plans for big clients. A statement from the company didn’t say where the store closures would take place. (The Associated Press)
Affordable Energy for New Jersey
Pfizer and the U.S. Ink a $5.29 Billion Deal for Possible COVID-19 Treatment
The U.S. government will pay drugmaker Pfizer $5.29 billion for 10 million treatment courses of its potential COVID-19 treatment if regulators authorize it, the nation’s largest purchase agreement yet for a coronavirus therapy. The price for Pfizer’s potential treatment amounts to about $529 per course. The U.S. has already agreed to pay roughly $700 per course of Merck’s drug for about 3.1 million treatments. (The Associated Press)
Seven Smart Pricing Strategies to Attract Customers
An effective pricing strategy is essential for continued sales success. Here's how to determine the right tactic for your business. (U.S. Chamber of Commerce)
First-Ever Statewide Diversity Gala Attracts 300 Leaders who Desire a More Inclusive and Equal N.J., and a More Competitive One Too
The Nov. 10 event at the Pines Manor in Edison, hosted by the N.J. Chamber and the African American Chamber of N.J., was a call to action. It featured a roster of rousing speakers who discussed the imperative of equality in New Jersey – and in America. "The question we have to answer is: Do we have the will for change?" leaders asked. For a recap and photos, click here. (N.J. Chamber of Commerce)
The N.J. Chamber's Walk to Washington Next Year is Cancelled — to be Recast as 'ReNew Jersey Business Summit' in Atlantic City
The New Jersey Chamber of Commerce announced that its Walk to Washington networking train trip will be recast as the ReNew Jersey Business Summit, to be held April 13-14 at Borgata in Atlantic City, due to lingering concerns about COVID-19. The announcement marks the second consecutive year that the Walk to Washington, the state’s largest business networking event, has been canceled due to the pandemic. Chamber officials said they intend to resume the annual train trip in 2023. (ROI-NJ)
Looking to Get Vaccinated? Here's an Easy Way to Find COVID-19 Vaccines Near You.
Just punch in your area code. You can even search for a specific vaccine. (
Were you forwarded this newsletter? For more information about the N.J. Chamber, email [email protected]
Business Resources
State & Federal Financial Assistance (U.S. Chamber of Commerce)
Reopening Playbook for Employers (U.S. Chamber of Commerce)
Vaccine Guide for Businesses (U.S. Chamber of Commerce)
Jobs and Hiring Portal Job Seekers | Employers (State of N.J.)
Guide to Starting a Business in N.J. (New Jersey Business Action Center)
The Best Tool for Your Business - Membership in the N.J. Chamber
The N.J. Chamber provides members with guest speakers, webinars, networking opportunities and discount programs that help businesses grow. The N.J. Chamber also advocates for pro-growth and pro-business legislation.
N.J. Coronavirus Cases
Total Confirmed Deaths Reported: 25,411
Total Confirmed COVID-19 Cases Reported: 1,064,711
Fully Vaccinated People in N.J.: 6,143,092
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The New Jersey Chamber of Commerce is staying on top of pandemic and economic recovery developments. For news media requests, please email Scott Goldstein.
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