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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWould Trump try to make money off a drug stock during a pandemic?
That does appear to be the case.
It goes back to the time Novartis, the maker of the anti-malarial drug, paid Michael Cohen $1.2 million for access to the White House.
We don't know any further details about that deal.
But today, Donald Trump was promoting their drug, hydroxychloroquine, as the new cure-all for the coronavirus. Dr Fauci and other experts say any evidence of its impact on the virus is purely anecdotal. It was noteworthy that Trump did not want Dr Fauci at the briefing today as he was giving his sales pitch for the drug.
But today was not the first day that he has pitched the anti-malarial drug. He has been promoting it for the last 3-4 weeks continuously.
It is a low-life S.O.B. that would try to make money off a pandemic that is killing our people.
Iliyah
(25,111 posts)The Velveteen Ocelot
(115,674 posts)MFM008
(19,805 posts)Mentions it every damn day????
I bet they have stock in coffins,
Burial urns, mortuaries and crematory ovens.
Sucking the blood of Americans like a big fat tapeworm. When dick head was selected I knew it was going to be bad but I didn't think it was going to be apocalyptic.
2naSalit
(86,536 posts)AllyCat
(16,177 posts)sheshe2
(83,746 posts)elleng
(130,865 posts)Incidentally the drug may have some efficacy. Dr. Murtha mentioned it's use in some covid-19 cases, during V.Potus's Town Call 'meeting' today.
Hoyt
(54,770 posts)There are a bunch of companies producing this drug. And, they are all contributing over 150 million tablets around the world.
A month's treatment for Lupus, RA, etc., wholesales for less than $5 bucks. They don't need that much for CV19 therapy.
trump isn't going to profit financially from this. I do believe he's hawking a miracle because it's the only chance he has of coming out of this without a good portion of his ignorant white wing base abandoning him.
And, I'm afraid we are playing right into it.
dchill
(38,471 posts)Right?
AllyCat
(16,177 posts)but he does seem to know how to smell advantage for him in any setting.
SheltieLover
(57,073 posts)uponit7771
(90,335 posts)Jamastiene
(38,187 posts)I know you don't have to ask that, because you know the answer. I was about to say, Fuck, yes he would, because of COURSE, he would. I realize what you were posting now. I'm sorry. I've been "off" all day today.
I haven't watched much TV. Tonight, I watched The Walking Dead and Talking Dead. The commercials have been one right after the other, using coronavirus to advertise. We are protecting you, blah, blah, blah. Corporation after corporation pretending to give a shit to sell shit. They would do it too. They already are.
And of course, Trump would. He'd do it exclusively too, if he could get away with it. I wouldn't trust that man as far as I could throw him.
Eko
(7,281 posts)Eko.
vapor2
(1,244 posts)EVERYTHING he does or says is to his own benefit. HE really shoved this drug at today's (sun) briefing. i am patiently waiting for ANY republican to say/do something about this monster OR for his ass to resign. WATCH him also cipher that $500 billion (he just chose one of his lawyers to oversee this money. This man has blood on his hands.
lpbk2713
(42,753 posts)They are all worthless scumbags.
dchill
(38,471 posts)FBaggins
(26,727 posts)First of all... it isnt their drug. Its a generic that multiple companies produce and any number of them could add (I think ten were just approved).
Second... its incredibly cheap. There just isnt much money to be made selling the stuff.
Third - Novartis has already announced that theyll donate up to 130 million doses (and at least one other manufacturer had announced millions of doses). Now theres no money to be made at all.
Sure... youll hardly ever go wrong assuming bad motivation from this guy... but the facts just dont fit this theory.
kentuck
(111,079 posts)So Novartis would have been paid - not the other companies that make it.
It's terrible to think such a thought.
FBaggins
(26,727 posts)It was reported about a week ago that the stockpile accepted 30 million doses from them.
https://www.google.com/amp/s/www.hhs.gov/about/news/2020/03/29/hhs-accepts-donations-of-medicine-to-strategic-national-stockpile-as-possible-treatments-for-covid-19-patients.html%3famp
kentuck
(111,079 posts)Rodney Caston
@RodneyCaston
Back on March 20th, Novartis announced it would donate 130 million doses of generic hydroxychloroquine.
Today Trump is saying the government will be purchasing the drug for the national stockpile.
Novartis is the same company Michael Cohen helped obtain access to Donald Trump.
Also: Apparently Rudy Giuliani bought loads of stock in Novartis in February and, like Trump, has been pushing the idea of using hydroxychloroquine even though it is largely untested for Covid.
FBaggins
(26,727 posts)I can't find anything supporting the claim.
uponit7771
(90,335 posts)... far fetched
FBaggins
(26,727 posts)It just doesn't make sense in this case. You can't move the stock price on a company with ~$50Billion in sales per year by encouraging people to take a product that they're giving away, don't have exclusive rights to sell, and doesn't cost much even when they do sell it.
C_U_L8R
(44,998 posts)Of course he's profiting. And it's disgusting.
Deep State Gnostic
(64 posts)If any money is to be made, it will go in GasPutin's pockets.
Arkansas Granny
(31,514 posts)liberalmuse
(18,672 posts)If there is even an iota of truth to all the suspicions I read on that twitter feed where this was rolled out, this might be the most heinous thing anyone on planet earth has ever done, and I'm serious. To not only hawk a drug that hasn't been properly tested and underperformed during flawed testing, and to then stockpile it for your citizens to make profit for yourself and god knows who else, then to give that drug to people where it could possibly kill them or cause them to not get treatment for Covid-19 is unspeakably evil. Not only that, people who need that drug can't get it right now and will suffer and possibly die. Some people on that thread said the can't get this next month because the pharmacist told them they were out. Is this even real? I hope this is a troll, because if this is real, then we are dealing with someone who is pure evil.
DesertRat
(27,995 posts)Grammy23
(5,810 posts)Is a pork chop greasy?
Does a goose go bare foot?
Is the Pope Catholic?
There are your answers. Yeppers. In a heartbeat hed do that and worse. In broad daylight. Right in front of us. Yes, he would.
TygrBright
(20,758 posts)Hugin
(33,120 posts)Last edited Mon Apr 6, 2020, 06:33 AM - Edit history (1)
The bigger question is would the Tangeranus and his flying monkey side kick S-I-L try to sell US Government Property at a gouging price and personally pocket the proceeds, while punishing districts which did not and will not supplicate themselves to His Hianus?
CountAllVotes
(20,868 posts)He's trying to get loans from Deutsche Bank (good luck!). Why is this necessary?
Why does the con need a loan all of a sudden?
Why: He's gone broke with his stock market hoax. There are no more profits to me made.
He then remembers the deal with Cohen and Novartis and that old malaria drug ...
And the drug the deal was made with this is this age-old old malaria drug as THE CURE for COVI-19 when there is absolutely no evidence to support this claim. Some have sickened and died by taking it when they heard it to be a "cure".
He claims to have secured hundreds of thousands of doses of it already in fact.
Must be a great drug he hopes all will think and the kickbacks keep coming but better than before!!
He's up the creek and broke trying everything he can to get some money. This is best described as the act of a desperate and very evil man.
He really DOES NOT CARE ABOUT U!
Initech
(100,063 posts)I keep waiting for him to say "BUT WAIT!!! THERE'S MORE!!!".
meadowlander
(4,394 posts)jorgevlorgan
(8,289 posts)captain queeg
(10,171 posts)customerserviceguy
(25,183 posts)I'm sure the access Novartis paid for was for drugs that sell for hundreds of dollars a pill, not for something that the patent expired on before most of us were born.
Trump was willing to grasp at any straw that would help him sell the idea that the economy was going to come roaring back to life before the election, and somebody handed this one for him to clutch onto. Of course, he can never, ever admit that he might have been even in the slightest mistaken, so he's beating the dead horse as long as he can.
The simplest explanation is probably the correct one.
kimbutgar
(21,130 posts)Wounded Bear
(58,647 posts)napi21
(45,806 posts)virus & testing takes a while to make sure it's effective and doesn't do any harm. Of course why would I ever expect "DT to include THAT in his drug pushing? HAH!
rockfordfile
(8,702 posts)C Moon
(12,212 posts)calimary
(81,220 posts)Posted about it here.
https://www.democraticunderground.com/100213238708
We're not alone in these suspicions.
duforsure
(11,885 posts)Corrupt , and desperate, yes I would almost bet there's money in it for him or he wouldn't be promoting its use daily. He does that with lies he wants people to believe to, repeating them over and over again, no collusion.