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 ...
And outside the control and most often even the knowledge of the people who own fund shares. Not really a realistic conflict.
bkmk
I wonder if Ron Dicker looked at his own mutual funds and those his union invests in to see what stock they own.
and sanofi is working on a drug Kevzara to fight coronavirus wouldn’t it be more profitable if the new drug worked?
https://www.sanofi.com/en/media-room/press-releases/2020/2020-03-30-07-00-00
https://www.sanofi.com/en/about-us/our-stories/5-questions-about-hydroxychloroquine-and-covid-19
According to Trumps financial disclosure, he owns between $1,000 - $15,000 of Dodge & Cox fund.
Dox & Coxs fund has 2.9% of its money in Sanofi.
Trump owns 2.9% of btw $1,000 - $15,000.
Trump owns $29 to $435 of stock.
LOL! Huffington Post did not think anyone would do the math.
https://twitter.com/cernovich/status/1247390575277608960?s=21
It’s all about soundbites, news for the short attention span alphabet media watching voter. It doesn’t matter if its fake, twisted, out of context, whatever...all that is important is to get the soundbite into the viewers ear, which is what they will remember when they pull the lever in November against bad orange man. Voter manipulation via the press!
Has the HuffPo done ANY stories in the past on insider trading by members of Congress?
This story would explain why Trump didn’t mention it at all in yesterday’s conference—and instead touted four big drug makers of new treatments in development/testing.
Minor friendly correction:
He started promoting it because of early published clinical research studies from well known expert doctors in other countries that showed strong statistically valid support for the treatment.
The French research report on their clinical trial, and other published clinical trials from China strongly support the use of hydroxychloroquine as a treatment for COVID-19.
The people saying the evidence was "anecdotal" are either lying, misinformed, or consider clinical trials "anecdotal" which is nonsensical. The trials may have been on limited numbers of patients, and they were open label, etc. but that doesn't make them any less reliable, particularly when the endpoints were based on lab measurements, not opinions or clinician observations.
Well media-idiots, then do not use these pills when you are sick.
Right, Trump the BILLIONAIRE is trying to push a $20.00 treatment regimen to make MONEY not save lives or relieve suffering.
Maybe to make up for giving his whole paycheck to charity. /s
The left is EVIL.
Trump owns between $29 and $435 worth of Sanofi stock.https://t.co/Juuw8qhwn7— Cernovich (@Cernovich) April 7, 2020
DO NOT TAKE IT!!! SHOW HIM!!
Democrats are Vile, Evil, Vicious, Lying Destroyers of good people and things!
What a load of horseshit.
What a stretch.
So since he owns shares via trust, via mutual fund in a French maker of the drug for which the patent has expired and the drug is generic made by meany he goes to India to get it. Wow, is he piling it on. /s
I hate the press and hope they are in a war they will not be able to finish.
Pelosi and her husband bought several thousand shares of Amazon right after she was in a briefing about the virus. So far they have made over a million dollars on that purchase. Will the NYT, WAPO, Huffington or any other fake news enemies of society investigate? When pigs fly...
Trump was elected partly because he is already very wealthy and can’t be bought off like past presidents. These people are idiots. Why does Trump need to make money off the cure. Insanity.
Good point, Ottawa.
These jackals will print anything so as NOT to use this drug. Meanwhile, people are getting better by using it. Me thinks the left does not want life and prefers death.
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