"The financial news site MarketWatch and The Washington Post later estimated Trump’s stake to be worth between about $100 and $1,500"
!! He owns maybe $100 worth of stock in the company and he's trying to get rich recommending the treatment?! Really?! Totally illustrates the rampant lying by the media.
Meanwhile Richard Burr quietly dumped $47,000 worth of stock just before the crash, and nobody says squat
I guess he also owns a Zinc mine.
And remember Bush owned a timber company. Want some wood???? These democrats are ridiculous.
The capitalist President Trump should cash in the stake and donate it to PBS and Greta's save the planet crusade.
Trumps stake is represented by a prescription filled in 2002 but never finished. It’s in his medicine cabinet.
Why post this fake news.
After all it is fake news.
Babylon Bee?
The Onion?
No, it’s the Ministry of Propaganda.....
Already shown to be incorrect.
Boy, Yahoo news is aptly named.
Not just fake news, bullsh!t news.
Yeah, Trump is dumb enough to invest in a med that is off patent and has been available for over 50 years.
Seems to me there are a WHOLE lot of “reporters” who could have invested in said drug and made a killing.
From what I have seen, it is in some mutual fund type thing that he has in blind trust, and worth about four hundred dollars.
And since it is off patent, even if they ramp up manufacturing of it and give it to everyone in the world, that company isn’t going to be the sole manufacturer, so he MIGHT make a hundred bucks a year profit on the stock.
In the mean time, I wonder how much money the Democrats and NeverTrumpers have in Bill Gates’ Vaccination-Tracker scheme.
And they weren’t even embarrassed to run this piece of crap.
It is for a very long time.... a generic drug that costs pennies to make and only costs a nickel or so a dose. The margins of such an item is not profitable at all. Used for “formulary access” as a “freebie” in most cases of negotiation.
But— a great drug.
Sort of like the story of the nitroglycerin tablets for under the tongue in the event of chest pain. Before Parke-Davis developed a special coating, keeping the highly sensitive and labile nitroglycerin inside its coating and not disappearing out of the tablet into say, a plastic pill bottle (the medication still requires packaging in brown glass (like beer— to keep sunlight off the pills- same reason). Until the coating was developed people in dire straits would pop a “tablet” under the tongue and there would be little to no nitroglycerin. That one coating invention— assured the delivery of the exact dosing of nitroglycerin-— every time.
Here’s the end result— the cost of making a nitroglycerin coated patented pill was quite low— in fact the packaging in a brown glass bottle with a metal cap as the FDA requires-— cost 100x more than making the pills— and thus there was almost no profit per unit.
Like toilet paper, there was a rush on nitroglycerin some time ago when there was idiotic rumour that there was a shortage— pharmacy’s shelfs were emptied across the whole US and S. America and the supply chain plant in Puerto Rico had to run 24/7 for a solid month to try and put back normal stock reserves. Recall a story about shipment of an entire 747 cargo plane filled fully with brand new nitroglycerin pills in cases and cases of little brown bottles— from PR to major distribution centers to overnight wholesalers and Wal mart point of sale inventory systems.
Does it work? Do the drug cure people? Do they want his tax returns on the $100 of stocks he owns? The DNC just raped the American taxpayers out of billions, and $100 worth of stock is now impeachable?
Let’s count all the ways this is idiocy of the nth degree
1. his “stake” is shares in a mutual fund.
2. mutual funds own shares in 100’s of companies that change all the time
3. no one picks or examines the individual holdings of a fund since the Whole point is to NOT HAVE the risks of a single stock going sideways
4. the fund owns pharma along with a breadbasket of stocks in many sectors.
5. 1 of the pharmas makes HCQ. As do a ton of others.
6. HCQ is not a brand drug. it’s generic. Low margin
7. even if HCQ went up in price a hundredfold, it’s not going to move the needle much on that pharma stock nor is it going to even perceptibly impact the fund price.
8. we know the stock valuation as percent of the fund, in PDJT’s portfolio is $100
9. Big Whoop
10. I bet Biden has mutual funds too. and Schumer. Gee I wonder if their funds own shares of any other evil industries. What’s that you say? It doesn’t matter? I thought so.
What’s sad is the few people understand this. EVEN THOUGH THEIR 401ks are all in mutual funds.
What’s despicable is the press.
I wonder how much stock the rats own in the Gates vaccine..
Bill Gates and the Health Cabal have a stake in everything else that isn’t cheap. Prove me wrong.
Big fat deal. If they pried deep enough, they might find some other ‘bombshells’.
For example, I allege that there may be a non-zero probability that Gore’s and Obola’s stakes in Halliburton are even greater than Trump has in HCQ firms.
See how easy it is to manure-facture fake news?
To stop the return of manufacturing of products back to the US that went to China. China backers are using that Trump alleged stock ownership claim as a controlling interest in a product they claim to be totally ineffective when used to treat a disease created to create a severe restriction of movement known as a shutdown because of its transmission .