Quantcast
Connect with us

Trump and his allies have financial ties to companies that manufacture untested drug he’s touting for COVID-19: report

Published

on

US President Donald Trump has an unpredictable negotiating style and likes to break with precedent. (AFP/File / SAUL LOEB)

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.

ADVERTISEMENT

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.

You can read more here.


Report typos and corrections to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

‘Signs of a coming conflict are everywhere’: Why a 2nd Civil War would be quite different from the 1st

Published

on

In 2020, the United States has been rocked by everything from a deadly pandemic and a brutal recession to civil unrest in a long list of cities to fears that violent conflicts will occur either on Election Day or after the election. Journalist Matthew Gault, in an article published by Vice this week, wonders if the political divisions in the United States run so deep that the country is headed for another civil war.

Describing the unrest that has occurred this year, Gault writes, "People are marching in the streets, aligned with two ideologically distinct factions. Many of them, overwhelmingly from one side, are armed, and violence and death has resulted when these two sides have clashed. The signs of a coming conflict are everywhere."

Continue Reading

2020 Election

A fake ‘intelligence staffer’ crafted the groundwork for the Trump conspiracy theories about Hunter Biden

Published

on

It's unclear why President Donald Trump and his allies have chosen to attack Vice President Joe Biden's last living son as a key tenant to the 2020 reelection instead of focusing on his opponent himself. But according to a well-researched NBC News report by Ben Collins and Brandy Zadrozny, the "documents," actually came from a fake person that never existed using a profile photo created by an artificial intelligence face generator.

Months ago, there was a fake "intelligence" document about Hunter Biden that popped up online along with tons of "files" from a supposed laptop. None of it was real and it has all been dismissed by Trump's own associates as fake. But now it's being revealed that the company behind the effort was a fake "intelligence firm" called Typhoon Investigations, researchers and public documents revealed.

Continue Reading
 

Breaking Banner

BUSTED: Commerce Secretary was on board of Chinese joint venture — while running Trump’s trade war

Published

on

On Thursday, Foreign Policy reported that Commerce Secretary Wilbur Ross remained on the board of a Chinese joint venture — even while he was tasked with overseeing President Donald Trump's trade war.

"In Chinese corporate documents obtained by Foreign Policy, Ross is listed as serving on the board of a Chinese joint venture until January 2019 — nearly two years into his term as commerce secretary," reported Isaac Stone Fish. "That joint venture, now called Huaneng Invesco WLR (Beijing) Investment Fund Management Co., is an investment partnership formed in September 2008 between Huaneng Capital Services, the U.S. management company Invesco, and a firm Ross founded, WL Ross & Co. Huaneng Capital Services is an arm of China Huaneng Group, a major state-owned power producer."

Continue Reading
 
 
Democracy is in peril. Invest in progressive news. Join Raw Story Investigates for $1. Go ad-free. LEARN MORE