Posted on 04/07/2020 6:20:08 AM PDT by SeekAndFind
President Donald Trump reportedly owns a stake in a company that produces hydroxychloroquine, the anti-malaria drug he has repeatedly touted as a coronavirus treatment even though his experts say theres no strong evidence it works.
Trump has a small personal financial interest in Sanofi, the French drugmaker that makes Plaquenil, the brand-name version of hydroxychloroquine, The New York Times reported Monday.
In addition, Sanofis largest shareholders include a mutual fund company run by major Republican donor Ken Fisher, the paper said. Trumps three family trusts, as of last year, each had investments in a mutual fund whose largest holding was Sanofi, according to the Times. Commerce Secretary Wilbur Ross also had ties to the drugmaker, the Times reported.
Trumps assertiveness in promoting the drug contrary to the recommendation of top health experts has raised questions about his motives, the Times noted.
A chorus of Trump supporters with no medical expertise have backed the presidents urging of doctors to treat COVID-19 patients with the drug, including his personal lawyer, Rudy Giuliani, and Fox News host Sean Hannity.
In the face of warnings from top infectious disease expert Dr. Anthony Fauci that the drugs safety and effectiveness are uncertain in treating COVID-19, Trump has continued to laud its supposed benefits.
What do you have to lose? he asked at a press briefing this week urging those sick with the virus to take the drug.
Turns out plenty.
There could be deaths, American Medical Association President Dr. Patrice Harris said. This is a new virus, and so we should not be promoting any medication or drug for any disease that has not been proven and approved by the FDA.
(Excerpt) Read more at huffpost.com ...
Or a vaccine.
Absolutely true. Many mutual funds have relatively high turnovers in their holdings, which are bought and sold for a variety of reasons. Many funds often buy and sell soley for “window dressing” purposes. For those reasons ownership of mutual funds has never been problematic for me in terms of conflict of interest disclosures.
Just because a fund has a large investment in a particular company this stake can change or be disposed of at any time.
A drug that is cheap and works. We all have stake in it.
what would the NYT say if the administration made the drug only available for registered Republican voters??
I don’t think the Dims want to start talking about conflicts of interest.
And Joe Manchins daughter is CEO of Mylar. Milan has begun to produce hydroxychloroquine.
So which individual benefits?
It has been on the market for 70 years.
I kind of think the patents on it expired a long time ago.
The medical evidence keeps piling up that, whether down the road something might prove better than Hydroxychloroquine, it is saving some lives right now. Yet, instead of focusing the public’s attention on that fact, so many in the media try to slander the drug by any means they can.
Sanofi is but one maker of the drug.
The idea the slander piece promotes is that one day Trump woke up, checked what his investment holdings were, saw it included Sanofi, saw they make Hydroxychloroquine and decided, as president, to promote the drug, FOR THAT REASON.
The idea is ludicrous. BUT, having created so much hate, the media knows many of their sheeple will believe it.
That dillution is getting down to a homeopathic level of investment.
So I’ll bet lots of teachers do too....in their MUTUAL FUNDS OR EVEN DIRECTLY thru PERS
The left taking advantage of the fact that their rank and file voter has no idea how a mutual fund works to make a sinister headline.
“by Ron Dicker”
—
What an appropriate name for one of these sub-juvenile leftist assholes.
This will be a major if not the lead story on CNN (Chicom News Network)
Not only that, most of the very same mutual funds probably also have stock in the very competitors of Sanofi. Gilead is probably not (at a pure financial level) rooting for HQL, but probably half the funds that own Sanofi (SNY) also own Gilead (GILD)
So this is all silly. You're right 90% of democrats with any mutual funds, meaning 100% of the fake news readers, are in this group.
The insanity continues on the left! They are trying everything to divide this country when it should be working together. I am praying that the majority of the American people see right through this!
Including politician pensions, union pensions (factory workers, construction workers, teachers)...
Indeed. There's a huge difference between facts and the truth. At the elementary school that was run by my church, the head of the school association happened to not be a member of our particular church. As a result, he was not permitted to vote on anything that required one.
At one meeting, a vote came up on something that passed by acclamation. I pointed out (light-heartedly) for the record that the president of the school association did not vote in favor of the motion. That was a fact. The fact that, even though he supported the motion entirely, he was not permitted to vote on the matter.
That was the truth.
They’re too slimy for that. They’d just look incredulous and say ‘You mean to tell us that you sold out the American public and let people die for $50??!! Get a rope!”
So no Democrats own mutual funds with investments in pharma companies that their voting decisions have benefitted? And no one at Huffington Puffington owns mutual funds with investments their stories could have influenced?
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