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Yo_Mama_Been_Loggin

(108,221 posts)
Wed Sep 23, 2020, 01:20 AM Sep 2020

Operation Warp Speed advisers held investments in COVID vaccine firms, records show

Several top officials leading the administration’s effort to develop a coronavirus vaccine at record speed had financial ties to the pharmaceutical companies now competing to develop the much-needed drug, according to disclosures released Tuesday.

The Department of Health and Human Services financial disclosures, which were released by the House Select Subcommittee on the Coronavirus Crisis, show that several Operation Warp Speed advisers who were selected by President Donald Trump either held board positions with firms that are currently engaged in coronavirus work, or held securities in firms now contracted to produce vaccines.

The documents “have heightened concerns that these advisors may have significant undisclosed financial conflicts of interest that, contrary to the Administration’s public statements, have not been adequately addressed,” said Rep. James Clyburn, D-S.C., chairman of the subcommittee.

In a filing dated May 16 that the committee released Tuesday, Operation Warp Speed chief advisor and former head of GlaxoSmithKline vaccine development, Dr. Moncef Slaoui, reported to HHS that he held securities in GlaxoSmithKline and Moderna, Inc., which have contracts with the U.S. government for coronavirus vaccine work, and in the Lonza Group, which was contracted by Moderna to manufacture its vaccine candidate.

https://www.yahoo.com/news/operation-warp-speed-advisers-held-212744756.html

Hey what's the point in being in government if you can't make money on the side?

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Operation Warp Speed advisers held investments in COVID vaccine firms, records show (Original Post) Yo_Mama_Been_Loggin Sep 2020 OP
I'm sure there are SEC rules about kiting a stock with false information prior to a sell. TheBlackAdder Sep 2020 #1
Remember the good old days when Tom Price had to resign over something like that ? OnDoutside Sep 2020 #2
Vaccines may be one big 'pump and dump'. BlueWavePsych Sep 2020 #3
Banana Republicanism 101 not fooled Sep 2020 #4

TheBlackAdder

(28,220 posts)
1. I'm sure there are SEC rules about kiting a stock with false information prior to a sell.
Wed Sep 23, 2020, 01:27 AM
Sep 2020

.

Only a few get nailed by it, but I'm sure there will be better scrutiny ion 2021 under a Biden administration.

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