Skip to content
Search AI Powered

Latest Stories

Turns Out Trump and Top GOP Donor Have a 'Financial Stake' in That Anti-Malarial Drug Trump Keeps Touting

Turns Out Trump and Top GOP Donor Have a 'Financial Stake' in That Anti-Malarial Drug Trump Keeps Touting
JIM WATSON/AFP via Getty Images

Despite numerous cautions from medical experts—including those on his staff—President Donald Trump continues to tout hydroxychloroquine as a promising treatment for the virus that's brought daily life in the United States to a standstill.

The drug has undergone no clinical trials to scientifically test its efficacy on the virus, and the evidence on its behalf is anecdotal at best. One Fox News guest, Access Health International Chairman William Haseltine, called it a "quack cure."


The drug, primarily used for malaria and lupus, is now facing a shortage that potentially jeopardizes the health and safety of those who need it, thanks to a surge in demand after the President's numerous endorsements.

But why is the President, who has no related experience in medicine or pandemics, so dead set on promoting this drug?

A new report from the New York Times may give some insight.

The piece details the medical community's divided reaction to Trump's promotion of hydroxychloroquine, but it also mentions the financial stake the Trump family holds in the drug's success.

The report states:

"Mr. Trump himself has a small personal financial interest in Sanofi, the French drugmaker that makes Plaquenil, the brand-name version of hydroxychloroquine."

According to the Times, as recently as last year, the President reported three family trusts in a mutual fund whose largest investment was in Sanofi—the maker of Plaquenil.

Trump's attempts to profit from the Presidency are nothing new, so—sadly—people weren't surprised.




It's possible that Trump didn't know these mutual funds held some stock in Sanofi, and a spokesperson for the company says it no longer distributes Plaquenil to the United States, but the financial stake in it extends deeper into Trump's web.

The billionaire and staunch Republican Ken Fisher—a donor to Trump—is one of Sanofi's largest shareholders. Secretary of Commerce Wilbur Ross owned a company which invested in Sanofi as well.

Some speculate that Trump is, yet again, using the presidency for profit—even in a pandemic.





Unbelievable.


More from People/donald-trump

Kid Rock
Todd Kirkland/Getty Images

Kid Rock Dragged After Donning A Truly Over-The-Top Outfit For His White House Visit

Singer Kid Rock was slammed for wearing a loud patriotic costume inside the Oval Office as Republican President Donald Trump signed an executive order on Monday against ticket scalping.

The rocker's outfit consisted of a red, white, and blue jacket emblazoned with two eagles facing each other above the American flag with the number 250, a nod to America's upcoming 250th anniversary, and white stars on his sleeves.

Keep ReadingShow less
Screenshot of Bill Cassidy
CNBC

MAGA Senator Just Said The Quiet Part Out Loud With Epic Freudian Slip About Medicare

Louisiana Republican Senator Bill Cassidy was widely mocked following his inconvenient slip of the tongue during a CNBC interview as he mused about finding ways to "cut" Medicare before quickly correcting himself.

The exchange occurred after host Rebecca Quick pressed Louisiana Republican and former physician Bill Cassidy on how his party intended to fund the “trillion-dollar tax cuts” sought by President Donald Trump.

Keep ReadingShow less
Screenshot of Tim Sheehy
CNN

GOP Senator Gets Blunt Reality Check After Comparing Trump Tariff 'Pain' To Home Renovation

Montana Republican Senator Tim Sheehy was criticized after he tried to compare the "short-term pain" of President Donald Trump's tariffs to home renovation, a claim so ridiculous that CNN's Kaitlan Collins quickly pushed back on the analogy.

Trump has repeatedly referred to April 2 as “Liberation Day,” pledging to impose tariffs—taxes on imports—to reduce U.S. reliance on foreign goods. He has framed these tariffs as “reciprocal,” aiming to match the duties other nations place on American exports.

Keep ReadingShow less
Susan Crawford; Elon Musk
Scott Olson/Getty Images (left and right)

Liberal Wisconsin Judge Calls Out Elon Musk In Victory Speech—And It's Everything

Liberal judge Susan Crawford called out billionaire Elon Musk in her victory speech after winning a seat on the Wisconsin Supreme Court, basking in successfully beating her Republican opponent Brad Schimel and ensuring that the nonpartisan court’s narrow 4-3 liberal majority remains intact despite Musk's efforts to sway the race.

Musk fueled the high-stakes race, having poured more than $20 million into supporting Schimel, according to state campaign records. That includes $3 million to the state Republican Party—$2 million of which was donated just last week. Due to state election laws, large contributions must be funneled through political parties before reaching candidates.

Keep ReadingShow less

People Describe The Worst 'Bonus' They've Ever Gotten At Work

Most of us have worked at one problematic workplace, with reasons ranging from toxic coworkers to terrible bosses to unlivable pay. Sometimes, it feels like a joke that the employees are even being paid at all!

But the biggest joke of all might be the end-of-year bonus, or lack thereof. They're at times so laughable, they take the cake for horrible work conditions, or are quite literally, a slice of cake.

Keep ReadingShow less