Trump's Small Financial Stake in Hydroxychloroquine Maker
Summary from the AllSides News Team
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From the Left
‘Follow the money’: MSNBC contributor blows the lid off Trump’s personal stake in drug he’s pushing as COVID-19 curePresident Donald Trump has been raising questions by his dogged endorsement of an unproven treatment for the coronavirus — and his motivations appear to be more financial than medical.
Trump admits he’s not a doctor — which, of course, he’s not — but MSNBC’s Joe Scarborough and the Washington Post‘s Eugene Robinson are among many wondering whether the president is trying to boost the market for the antimalarial drug hydroxychloroquine.
“As ‘Deep Throat’ never actually said, follow the money,” Robinson said, quoting the apocryphal advice from the undercover source who...
From the Center
Trump Has ‘Small,’ ‘Distant Link’ To Sanofi, French Drugmaker Of HydroxychloroquineTopline: President Trump—increasingly a booster of hydroxychloroquine as a potential treatment for coronavirus—has a “small personal financial interest” in Sanofi, a French drugmaker that produces a brand-name version of the drug—though it’s a tiny investment for the billionaire.
Sanofi produces Plaquenil, the brand-name form of hydroxychloroquine, the New York Times reported; the drug is typically used to treat rheumatoid arthritis, lupus and malaria.
Trump’s three family trusts have investments in a Dodge & Cox mutual fund, with Sanofi as the largest holding, according to the Times.
Forbes estimates...
From the Center
Trump’s personal stake in the malaria-drug maker Sanofi could be as small as $99As President Donald Trump has persistently discussed the malaria drug hydroxychloroquine, critics have wondered about his motivation, given the drug’s far-from-certain performance on the global stage as a treatment for coronavirus, and the Food and Drug Administration’s refusal so far to approve it as a treatment for COVID-19.
The New York Times says Trump has a “small personal stake” in Sanofi, the French drug manufacturer that produces the drug.
The report doesn’t say how small, but it notes that his three family trusts have investments in a Dodge & Cox...
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