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GOP’s Ron Johnson sold equity before the market crash — but it doesn’t appear to be related to coronavirus outbreak

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Questions have been raised about Sen. Ron Johnson (R-WI) selling stock before the onset of the coronavirus crisis in the United States. But the financial transaction does not appear to be related to the outbreak of the deadly virus.

On Monday, March 2nd, the Dow Jones Industrial Average set its biggest-ever point gain. But Sen. Ron Johnson (R-WI) was massively selling. Johnson, who has a net worth estimated at over $36 million, made a major transaction.

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The report of Johnson’s sale came shortly after Sen. Richard Burr (R-NC) and Sen. Kelly Loeffler (R-GA) came under fire for their dumping stock before the market crash. Burr and Loeffler had received briefings on the coronavirus outbreak prior to selling.

Unlike Burr and Loeffler, Johnson is not a member of Senate health or intelligence committees.

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Johnson’s sale was reportedly related to a family business which is not publicly traded on an exchange.

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Johnson’s sale was reportedly announced February 11th, and had been in the works for months.

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“A San Francisco-based private equity firm, Gryphon Investors, has made an equity investment in Oshkosh-based Pacur LLC, the supplier of specialty plastic packaging materials to the medical device industry that was led by Wisconsin Sen. Ron Johnson prior to his election to the U.S. Senate in 2010,” BizJournals reported. “Details of the transaction were not disclosed.”

(Correction: A previous version of this story left out vital information. Raw Story regrets the omission.)


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This Europe country is housing quarantined coronavirus patients in a five-star hotel

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An ambulance driver wearing a white protective gown enters a Barcelona hotel and announces the arrival of three new "customers" -- a trio of coronavirus patients discharged from hospital into luxury quarantine.

"Good morning! How are you? My name is Enrique Aranda and I am probably the first non health care worker you see in several days," says the director of the five-star Melia Sarria hotel, peering into the ambulance.

It took just three days to convert the hotel, which features contemporary decor and bathrooms with marble finishing, into a clinic.

"Some patients arrive thinking that they were taken out of hospital to be left to die, many people are frightened. I try to make them forget all that," said Aranda, wearing mask and gloves.

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UK Labour to unveil new leader to replace Jeremy Corbyn

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Britain's main opposition Labour party on Saturday unveils a new leader who will take the helm of a defeated and divided party in the midst of the coronavirus crisis.

Keir Starmer, a former director of state prosecutions and Labour's Brexit spokesman, is the runaway favourite to win the ballot of around 500,000 party members and succeed Jeremy Corbyn.

The announcement will be a low-key affair, with a planned special conference cancelled due to restrictions on social gatherings imposed to stem the spread of COVID-19.

Instead, the result will be put out in a press release mid-morning -- and candidates have been asked to pre-record their victory speeches.

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‘Trump fires people for telling the truth’: President blasted for ‘dead of night decision’ to fire intel watchdog

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President Donald Trump was harshly criticized on Friday for firing intelligence community Inspector General Michael Atkinson.

House Intel Chair Adam Schiff (D-CA) and Senate Intel Ranking Member Mark Warner (D-VA) were among the lawmakers who took to Twitter to criticize Trump on his favorite social media platform.

Here's some of what people were saying about Trump's decision:

Trump’s dead of night decision to fire ICIG Michael Atkinson is another blatant attempt to gut the independence of the Intelligence Community and retaliate against those who dare to expose presidential wrongdoing.

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