Trump Could Profit From Coronavirus Testing

[flamingdem]

https://shero.substack.com/p/trump-could-profit-from-coronavirus


According to the Center for Disease Control and Prevention website, the CDC has developed a new laboratory test kit for use in testing patient specimens for severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes COVID-19. The CDC also claims that this test kit is intended for use with the Applied Biosystems 7500 Fast DX Real-Time PCR Instrument with SDS 1.4 software. This test is intended for use with upper and lower respiratory specimens collected from persons who meet CDC criteria for COVID-19 testing.

(Donald Trump holds up an USD 8 billion emergency funding bill to combat COVID-19, coronavirus, after signing it as US Health Secretary Alex Azar looks on in the Diplomatic Room of the White House in Washington, DC on March 6, 2020. This funding will include federal spending for testing kits. Photo by MANDEL NGAN/AFP via Getty Images.)

Applied Biosystems is one of the various brands under the Life Technologies brand of Thermo Fisher Scientific corporation. The brand is focused on integrated systems for genetic analysis, which include computerized machines and the consumables used within them, such as reagents.

It is safe to say that the need of the federal government to use these devices provided by the Thermo Fisher Scientific Corp. will substantially increase profitability and likely increase the value of stock in the company.

According to the Associated Press, Donald Trump, the current President of the United States who is supposed to be managing the Coronavirus epidemic and how the testing is conducted, has listed investments in V.F. Corp (VFC) and Thermo Fisher Scientific Corporation (TMO), both of which moved jobs out of the U.S. in high profile outsourcing deals. There is reason to believe that Donald Trump stands to profit from medical testing of coronavirus that will now take place in the United States.

In 2016, Trump disclosed an 104-page public financial disclosure report, which confirmed that he held investments in companies like Ford Motor Co., Apple Inc. and the parent company of the maker of Oreo cookies. One of Trump’s main talking points during his initial campaign was that as president he would stop the outflow of American jobs. The companies he invested in at the time were subject to scrutiny because Trump was supporting companies that were responsible for major outsourcing.

Both Fortune Magazine and The New York Post confirmed in May of 2016 that Trump listed investments in V.F. Corp. and Thermo Fisher Scientific. If Trump still maintains these investments, it is a direct conflict of interest to use a company that he stands to profit from to conduct coronavirus testing.

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[BigmanPigman]

1. Of course he is profiting.

The corrupt bastard didn't ban travel from countries where he has golf resorts.

[sprinkleeninow]

2. This so freaking glaring.