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

Jesse Watters
Fox News

Jesse Watters Dragged After Adding Another Mind-Boggling Rule For 'Real Men'

Fox News host Jesse Watters, who is apparently an authority of what it means to be a manly man, gave jazz hands to make a point about how "real men" should or shouldn't wave.

The target of his ridicule was Tim Walz, the enthusiastic Democratic Minnesota governor and vice presidential candidate who often greets the public by raising both hands in the air to wave.

Keep ReadingShow less
Screenshots of crowd at town hall and Rep. Mike Flood
@MorePerfectUS/X; KETV NewsWatch 7

GOP Rep. Goes Viral For His Response To Crowd Chanting 'Tax The Rich' At Town Hall

Nebraska Republican Representative Mike Flood was criticized following his incredulous response to a crowd that chanted "Tax the rich!" during a town hall meeting.

The Columbus High School auditorium hosted the town hall on Tuesday evening, drawing "nearly 380" attendees, according to local network KETV Omaha. The event was lively, with Flood facing both sharp criticism over Trump administration policies and some appreciation for showing up in person.

Keep ReadingShow less
Elon Musk
Andrew Harnik/Getty Images

Awkward Typo In Elon Musk's Bizarre 'Education Department' Trump Meme Is A Total Self-Own

Billionaire Elon Musk was widely mocked after he celebrated President Donald Trump's executive order to begin to dismantle the Department of Education (DOE) by posting a meme of Trump at the department's grave, only for an awkward misspelling to get all the attention.

Polling indicates that eliminating the Education Department is largely unpopular, with 60% of registered voters opposing the move, according to a Quinnipiac University survey conducted March 6-10. Support stands at 33%, with opposition particularly strong among Democrats—98% oppose it, while just 1% support it.

Keep ReadingShow less
JB Pritzker; Donald Trump
Jacek Boczarski/Anadolu via Getty Images; Anna Moneymaker/Getty Images

Dem Governor Reveals Trump's Bonkers Demand In Exchange For Equipment During COVID

Illinois Democratic Governor J.B. Pritzker revealed during a speech this week that he clashed with President Donald Trump during the first Trump administration after Trump promised necessary medical equipment during the COVID pandemic on the condition that Pritzker praise him publicly.

Five years ago, the United States was grappling with the initial impacts of the COVID-19 pandemic. The country had entered shutdowns that had severe economic consequences, leaving businesses and industries on the brink of collapse.

Keep ReadingShow less
Scrabble tiles spelling the word scam
Scam spelled with scrabbles on a wooden table

People Break Down How They Realized An Entire Industry Was A Total Scam

We unfortunately live in a world where scams are on the rise.

Thankfully, some of them are pretty easy to detect, such as an automated call from the IRS telling you a warrant is out for your arrest, or an email claiming to be from Amazon or the USPS asking for your credit card information, only to look closer and see the email address is a yahoo account.

Keep ReadingShow less