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The World Economic Forum Annual Meeting 2022 is taking place in Davos, Switzerland between May 23-26. The Annual Meeting 2022 convenes at the most consequential geopolitical and geo-economic moment of the past three decades and against the backdrop of a once-in-a-century pandemic.

The meeting brings together over 2,000 leaders and experts from around the world, all committed to a “Davos Spirit” of improving the state of the world.

Speaking as a panelist at the Davos meeting, Moderna CEO Stéphane Bancel was complaining about having to “throw away” 30 million doses of Covid-19 vaccine because “nobody wants them. We have a big demand problem.”

Bancel’s comments come days after Bloomberg reported that EU health officials want to amend contracts with Pfizer and other vaccine makers in order to reduce supplies, as a number of European countries are overflowing with shots they can’t use — and they’re telling drug companies they don’t want to pay for more.

Health officials from European Union members including Poland, Slovakia, Romania, Bulgaria, Luxembourg, Finland, the Netherlands and the three Baltic states met to discuss amendments to contracts with producers such as Pfizer Inc., as supplies overflow and storage costs mount for shots with short shelf lives.

The push to change agreement terms highlights how the 27-nation bloc has shifted to a new phase in its battle against the virus. While demand is falling just a year after countries had to scramble to gain access to supplies, Bloomberg reports that “many EU members remain far from the goal of a 70% inoculation rate.”

And things are not much better in our nation, as US News reports that many areas of the U.S., states are scrambling to use stockpiles of doses before they expire and have to be added to the millions that have already gone to waste.

State health departments told The Associated Press they have tracked millions of doses that went to waste, including ones that expired, were in a multi-dose vial that couldn’t be used completely or had to be tossed for some other reason like temperature issues or broken vials.

Nearly 1.5 million doses in Michigan, 1.45 million in North Carolina, 1 million in Illinois and almost 725,000 doses in Washington couldn’t be used.

The percentage of wasted doses in California is only about 1.8%, but in a state that has received 84 million doses and administered more than 71 million of them, that equates to roughly 1.4 million doses. Providers there are asked to keep doses until they expire, then properly dispose of them, the California Department of Public Health said.

The national rate of wasted doses is about 9.5% of the more than 687 million doses that have been delivered as of late February, the Centers for Disease Control and Prevention said. That equates to about 65 million doses.

And more than a million doses of the Russian Sputnik vaccine just expired in Guatemala, because nobody wanted to take the shot.

In fact, supplies are so strong that the CDC now advises doctors that it’s OK to discard doses if it means opening up the standard multi-dose vials to vaccinate a single person and the rest has to be tossed.