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Author Topic: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:  (Read 207 times)

Offline CU1994

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Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« on: April 07, 2020, 01:46:02 PM »
There you have it.  :popcorn:

Donald Trump Has Stake In Hydroxychloroquine Drugmaker:

https://www.yahoo.com/huffpost/donald-trump-stake-company-hydroxychloroquine-112913777.html

Offline oldsport

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #1 on: April 07, 2020, 02:50:53 PM »
There you have it.  :popcorn:

Donald Trump Has Stake In Hydroxychloroquine Drugmaker:

https://www.yahoo.com/huffpost/donald-trump-stake-company-hydroxychloroquine-112913777.html

Oh here we go. More fake news.

Offline Cats4ever

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #2 on: April 07, 2020, 02:51:40 PM »


Yes, many people have swallowed the blue pill, n=but Trump is so transparent.  I have been watching for three years how he manipulate markets and situations for his own personal gains.  He more than likely had India hold the pills, so the price would go high.  I bet he has a stake in a mask company because he is manipulating that market as well.  He gave stockholders hope to boost the market. 

Unlike some

 
« Last Edit: April 07, 2020, 02:58:55 PM by Cats4ever »
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Offline oldsport

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #3 on: April 07, 2020, 02:53:04 PM »

Offline Cats4ever

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Your treatment of others give them control of your soul
Matthew 5:25-26

Offline CIAA-FAN

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #5 on: April 07, 2020, 03:06:03 PM »
There you have it.  :popcorn:

Donald Trump Has Stake In Hydroxychloroquine Drugmaker:

https://www.yahoo.com/huffpost/donald-trump-stake-company-hydroxychloroquine-112913777.html

THERE YOU HAVE IT.  A THIEF AND A LIAR.  I SO HOPE HE IS QUESTIONED ABOUT THIS IN THE BRIEF TODAY.  I SHALL BE WATCHING.
ONE OF MY NEW YEAR's RESOLUTIONS WAS NOT TO ENGAGE IN POLITICAL DISCOURSE WITH "SELF-DESCRIBED ASSHOLES" or "LIARS". I HOPE I AM ABLE TO CONTINUE TO KEEP IT. (Posted on January 6, 2020). AND... "https://naaga.co/."

Offline Olde Hornet

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #6 on: April 07, 2020, 03:25:29 PM »
The government is stock piling this drug and he continues to encourage its use.

MONEY!  MONEY!   MONEY!

Its all about him. 
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Offline ‘87 Alum

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #7 on: April 07, 2020, 03:41:48 PM »
Like I told y’all yesterday....show me the money

 

Offline oldsport

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #8 on: April 07, 2020, 04:43:32 PM »
Like I told y’all yesterday....show me the money


Fact Check: Trump Does Not Own Stake in a Hydroxychloroquine Drugmaker

Claim: “Donald Trump Has Stake In Hydroxychloroquine Drugmaker: Report”

That’s the headline across a HuffPost story that goes on to claim that “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 there’s no strong evidence it works.”

Verdict: False.

The report cited by the HuffPost is from a New York Times story that said: “Trump himself has a small personal financial interest in Sanofi, the French drugmaker that makes Plaquenil, the brand-name version of hydroxychloroquine.”

Trump’s personal financial interest, however, does not include a stake in Sanofi–and the New York Times did not claim it did. Instead, Trump’s financial disclosures show that his three family trusts each had investments in a $10.3 billion Dodge & Cox mutual fund that owns shares in Sanofi, the world’s fifth-largest drugmaker by prescription sales. As of its latest disclosures, those holdings amount to just 3.3 percent of the fund’s holdings.

Trump’s most recent financial disclosure forms lists holdings in the Dodge & Cox International Fund valued between $1,001 and $15,000. That means Trump holds a maximum stake in the mutual funds of $45,000, giving him an indirect interest in Sanofi of $1,485 at the most.

His “financial interest” in Sanofi, which has a market capitalization of nearly $58 billion, could be as low as $99.10.

This was originally reported by independent journalist Mike Cernovich on his website. Cernovich’s figures are lower because it appears he was calculating the interest of a single trust rather than combining the three trusts as we have here.

Plaquenil, the company’s version of the drug, is not material to Sanofi’s stock. It is generically available, not sold in the United States, and has been around since the 1950s.

Trump’s indirect interest in Sanofi pales compared with his indirect interest in practically every company in the world through his much larger holdings in basically every big company in the world through broad market index funds.

Marketwatch reports:

Trump has a small stake in basically every big company you can think of.

In each of the trusts, the biggest fund holding is just the broader SPDR S&P 500 ETF, in which Trump holds between $200,000 and $450,000, according to his financial-disclosure forms.

So one could say Trump has $22,000 or so invested in Microsoft, and nearly as much in Apple

It would be accurate to claim that Trump has an interest in the prosperity of businesses around the globe, especially American companies. But it is inaccurate to claim he has a particular interest in the bottom line of Sanofi. Like most diversified investors, Trump’s stock portfolio benefits when the broad market rises and is not leveraged to the profits of one company.

In any case, it is certainly false to claim he directly owns a stake in the French drugmaker.

YOU GD IDIOTS.... I bet Barry (aka Obama) had a stake in some racist company.

https://www.breitbart.com/economy/2020/04/07/fact-check-trump-does-not-own-stake-in-a-hydroxychloroquine-drugmaker/

Offline CU1994

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #9 on: April 07, 2020, 04:48:21 PM »
Breitbart doing a fact check?  :lmao:

Offline oldsport

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #10 on: April 07, 2020, 04:49:57 PM »
Breitbart doing a fact check?  :lmao:

Yes... FOOL.

Offline Ken

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #11 on: April 07, 2020, 04:51:48 PM »
Brietbart doing a fact check is like a fox checking on chickens.

Offline Professor

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #12 on: April 07, 2020, 04:57:35 PM »
The government is stock piling this drug and he continues to encourage its use.

MONEY!  MONEY!   MONEY!

Its all about him.

Always has been . Just like the hotel in Washington and the Secret service staying at his properties

Offline iceman4221

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #13 on: April 07, 2020, 05:31:35 PM »
Trump Holds Financial Interest In Company that Produces Hydroxychloroquine

Whose the Ignoramus Now - You are so gullible - This Orangutan and his Cronies are Always about the $$$...  :brickwall: :brickwall: :brickwall:

MATTHEW CHAPMAN
APRIL 7, 2020 7:00AM (UTC)
This article originally appeared on Raw Story

rawlogo
President Donald Trump's fixation with hydroxychloroquine, a drug used to treat malaria and lupus, as a potential treatment for the novel coronavirus has left many medical experts, including members of his own administration, frustrated. The drug comes with severe side effects ranging from nausea and hair loss to blindness and cardiac arrest; the hoarding of the drug to test it in COVID-19 patients has resulted in autoimmune patients being denied it, and the evidence that it even helps COVID-19 patients in the first place is anecdotal at best.

But according to The New York Times, all of that may be secondary — because some people in the president's orbit stand to profit if hydroxychloroquine is approved to treat coronavirus.

The president himself, according to Peter Baker, Katie Rogers, David Enrich, and Maggie Haberman has a financial interest in Sanofi, the French pharmaceutical company that manufactures the drug under the brand Plaquenil.

Quote
"Some associates of Mr. Trump's have financial interests in the issue. Sanofi's largest shareholders include Fisher Asset Management, the mutual fund company run by Ken Fisher, a major donor to Republicans, including Mr. Trump," said the report. "Another investor in both Sanofi and Mylan, another pharmaceutical firm, is Invesco, the fund previously run by Wilbur Ross, the commerce secretary. As of last year, Mr. Trump reported that his three family trusts each had investments in a Dodge & Cox mutual fund, whose largest holding was in Sanofi."

Fisher has not commented on the story. And Ross has issued a statement that he "was not aware that Invesco has any investments in companies producing" the drug, "nor do I have any involvement in the decision to explore this as a treatment."

https://www.salon.com/2020/04/07/trump-holds-financial-interest-in-pharmaceutical-company-that-produces-hydroxychloroquine-nyt_partner/
Quote
NEVER Deliberate, Debate or Argue About what is Clearly Wrong and/or Unjust, and Try to Persuade Yourself or Others  that it's Not...

Offline CIAA-FAN

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Re: Donald Trump Has Stake In Hydroxychloroquine Drugmaker:
« Reply #14 on: April 07, 2020, 05:52:52 PM »
"iceman4221",  I THOUGHT YOUR ORIGINAL POST SO VERY IMPORTANT THAT I DECIDED TO POST ALL OF THE TEXT FOR ALL TO READ. I HAVE EDITED NOR DELETED A SINGLE WORD OR CHARACTER.
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Donald Trump Has Stake In Hydroxychloroquine Drugmaker: Report
HuffPost   Ron DickerHuffPostApril 7, 2020

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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 there’s 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, Sanofi’s largest shareholders include a mutual fund company run by major Republican donor Ken Fisher, the paper said. Trump’s 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.

Trump’s “assertiveness” in promoting the drug contrary to the recommendation of top health experts “has raised questions about his motives,” the Times noted.

The financial news site MarketWatch and The Washington Post later estimated Trump’s stake to be worth between about $100 and $1,500, though the Post noted his trusts may have amassed other investments since his most recent disclosure. “He does look to have more than that modest sum invested in Sanofi, because, unmentioned in the Times report, his trusts also hold broader European stock-market index funds,” MarketWatch pointed out.

A chorus of Trump supporters with no medical expertise have backed the president’s 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 drug’s 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.”

Generic drugmakers also are gearing up to produce hydroxychloroquine pills. One of those companies was co-founded by Trump golfing buddy Chirag Patel, according to the Times.

The White House didn’t immediately answer HuffPost’s request for comment.

John Dillard, a spokesperson for Fisher Investments, called the Times article a “false report” and said Sanofi “is neither a material holding of Fisher Investments nor of Ken Fisher personally.” He also took issue with the characterization of his boss as a Republican donor, saying Fisher also had contributed to Democrats in the past.
ONE OF MY NEW YEAR's RESOLUTIONS WAS NOT TO ENGAGE IN POLITICAL DISCOURSE WITH "SELF-DESCRIBED ASSHOLES" or "LIARS". I HOPE I AM ABLE TO CONTINUE TO KEEP IT. (Posted on January 6, 2020). AND... "https://naaga.co/."

 

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