Moderators: richierich, ua900, PanAm_DC10, hOMSaR
Trump “has a small personal financial interest” in Sanofi, the French drugmaker that makes Plaquenil, the brand-name version of hydroxychloroquine, The New York Times reported Monday.
In addition, Sanofi’s largest shareholders include a mutual fund company run by major Republican donor Ken Fisher, the paper said. Trump’s three family trusts, as of last year, each had investments in a mutual fund whose largest holding was Sanofi, according to the Times. Commerce Secretary Wilbur Ross also had ties to the drugmaker, the Times reported.
Trump’s “assertiveness” in promoting the drug contrary to the recommendation of top health experts “has raised questions about his motives,” the Times noted.
casinterest wrote:Who would have guessed it?
The most swampy president ever.
dtw2hyd wrote:How many $$Millions he is going to make operating this syndicate, How much is Cohen's cut?
tommy1808 wrote:dtw2hyd wrote:How many $$Millions he is going to make operating this syndicate, How much is Cohen's cut?
Don't forget you are talking about this guy: https://splinternews.com/lets-remember- ... 1793849388
Best regards
Thomas
dtw2hyd wrote:It is a sub-cent/dose generic drug. Even if it is a cent total amount spent is $290,000.
How many $$Millions he is going to make operating this syndicate, How much is Cohen's cut?
Pyrex wrote:1) As has been said, this is a generic drug
2) Sanofi is one of the largest drug manufacturers in the world, part of many stock indexes and a portfolio company of many, many mutual funds - I would venture a good guess that most U.S. folks on this forum own shares of Sanofi through their 401k and don't even realize it
3) This drug represents a tiny fraction of the overall revenue of Sanofi
4) Not sure if this "news" article is driven by ignorance of how mutual funds work or pure TDS, but it is the definition of piss-poor "journalism"
MaverickM11 wrote:I think you're giving him way too much credit. Trump probably got the news that one drug might possibly work and he's run with it ever since a) he's as dumb as a box of rocks and b) he can never be wrong.
casinterest wrote:Pyrex wrote:1) As has been said, this is a generic drug
2) Sanofi is one of the largest drug manufacturers in the world, part of many stock indexes and a portfolio company of many, many mutual funds - I would venture a good guess that most U.S. folks on this forum own shares of Sanofi through their 401k and don't even realize it
3) This drug represents a tiny fraction of the overall revenue of Sanofi
4) Not sure if this "news" article is driven by ignorance of how mutual funds work or pure TDS, but it is the definition of piss-poor "journalism"
1. The Generic is not what Sanofi sells. It sells them ore prescribed less side effects drug
2. I bet somewhere it is there, but this is a big portfolio holing of Trump's
3. You could change that to REPRESENTED in the past prior to Covid, if it is proven as an effective drug, or demanded by consumers since Trump promotes it
4. There is also this article.
https://lawandcrime.com/covid-19-pandem ... -to-trump/
Pyrex wrote:2) Sanofi is one of the largest drug manufacturers in the world, part of many stock indexes and a portfolio company of many, many mutual funds - I would venture a good guess that most U.S. folks on this forum own shares of Sanofi through their 401k and don't even realize it
Pyrex wrote:Given that it could e the drug in demand, that tiny fraction of revenue could explode to be the biggest form of revenue, especially if demand for other drugs collapses.3) This drug represents a tiny fraction of the overall revenue of Sanofi
Pyrex wrote:4) Not sure if this "news" article is driven by ignorance of how mutual funds work or pure TDS, but it is the definition of piss-poor "journalism"
Pyrex wrote:casinterest wrote:Pyrex wrote:1) As has been said, this is a generic drug
2) Sanofi is one of the largest drug manufacturers in the world, part of many stock indexes and a portfolio company of many, many mutual funds - I would venture a good guess that most U.S. folks on this forum own shares of Sanofi through their 401k and don't even realize it
3) This drug represents a tiny fraction of the overall revenue of Sanofi
4) Not sure if this "news" article is driven by ignorance of how mutual funds work or pure TDS, but it is the definition of piss-poor "journalism"
1. The Generic is not what Sanofi sells. It sells them ore prescribed less side effects drug
2. I bet somewhere it is there, but this is a big portfolio holing of Trump's
3. You could change that to REPRESENTED in the past prior to Covid, if it is proven as an effective drug, or demanded by consumers since Trump promotes it
4. There is also this article.
https://lawandcrime.com/covid-19-pandem ... -to-trump/
Big portfolio holding of Trump's? Worth less than $3k? How large do you think his portfolio is?
Also, and I can't believe I need to explain this, but Ken Fisher is not one of the largest holders. At the most, mutual funds managed by Ken Fisher are one of the largest holders of Sanofi, but I very much doubt it given Sanofi hás a market cap of $112 billion (more than Ken Fisher's entire AUM).
PPVRA wrote:Expired patent. Numerous generics available.
Tempest in a teapot....
casinterest wrote:Interesting article.
https://www.forbes.com/sites/lisettevoy ... c0e8872603
Trump’s three family trusts have investments in a Dodge & Cox mutual fund, with Sanofi as the largest holding, according to the Times.
Forbes estimates the value of Trump’s Sanofi holdings to be less than $3,000.
Billionaire Ken Fisher, a major Republican donor (including to Trump) is one of Sanofi’s largest shareholders, while Commerce Secretary Wilbur Ross used to run a fund that invested in Sanofi, the Times reported.
AirWorthy99 wrote:PPVRA wrote:Expired patent. Numerous generics available.
Tempest in a teapot....
Thank you for debunking this entire thread with not too many words.
Pyrex wrote:casinterest wrote:Interesting article.
https://www.forbes.com/sites/lisettevoy ... c0e8872603
Trump’s three family trusts have investments in a Dodge & Cox mutual fund, with Sanofi as the largest holding, according to the Times.
Forbes estimates the value of Trump’s Sanofi holdings to be less than $3,000.
Billionaire Ken Fisher, a major Republican donor (including to Trump) is one of Sanofi’s largest shareholders, while Commerce Secretary Wilbur Ross used to run a fund that invested in Sanofi, the Times reported.
Just looking at the MSCI World Index, Sanofi is 0.26%. So, basically, someone owning $1.15 million of a mutual fund that tracks the MSCI World Index (a pretty common index giving an investor a diversified exposure to the global economy) will own a $3,000 stake in Sanofi. If that is all he owns in Sanofi, either his mutual fund exposure is a tiny percentage of his net worth or he is severally underweight Sanofi.
casinterest wrote:AirWorthy99 wrote:PPVRA wrote:Expired patent. Numerous generics available.
Tempest in a teapot....
Thank you for debunking this entire thread with not too many words.
Numerous Generics are available under normal circumstances.
Do either of you actually understand Supply and Demand? I guess that is why Airworthy still doesn't understand why we are trying to flatten the curve.
PPVRA wrote:casinterest wrote:AirWorthy99 wrote:
Thank you for debunking this entire thread with not too many words.
Numerous Generics are available under normal circumstances.
Do either of you actually understand Supply and Demand? I guess that is why Airworthy still doesn't understand why we are trying to flatten the curve.
Numerous generic manufacturers of this drug exist. They are ramping up production of the drug. There are companies that don’t even make this drug that are looking to make it.
frmrCapCadet wrote:And the 30% will still love him. But with even greater intensity.
AirWorthy99 wrote:This drug won't kill you, more than COVID19 would. It would seem you have more to gain from taking the drug than not using it.
dtw2hyd wrote:If Trump is betting his investments on a third world generic drug for a mostly eradicated disease, it just shows his intelligence.
I would rather buy the theory that he is betting on this drug to reduce the body count and improve his chances of reelection.
Both are long shots, but second one at least makes sense.
Pyrex wrote:1) As has been said, this is a generic drug
2) Sanofi is one of the largest drug manufacturers in the world, part of many stock indexes and a portfolio company of many, many mutual funds - I would venture a good guess that most U.S. folks on this forum own shares of Sanofi through their 401k and don't even realize it
3) This drug represents a tiny fraction of the overall revenue of Sanofi
4) Not sure if this "news" article is driven by ignorance of how mutual funds work or pure TDS, but it is the definition of piss-poor "journalism"
alfa164 wrote:frmrCapCadet wrote:And the 30% will still love him. But with even greater intensity.
Well, if many of them follow his suggestion and start taking hydroxychloroquine, that 30% may shrink quickly...
AirWorthy99 wrote:This drug won't kill you, more than COVID19 would. It would seem you have more to gain from taking the drug than not using it.
Tell that to the couple in Arizona that tried it. At least, tell that to the half-of-that-couple that is trying to survive.
alfa164 wrote:frmrCapCadet wrote:And the 30% will still love him. But with even greater intensity.
Well, if many of them follow his suggestion and start taking hydroxychloroquine, that 30% may shrink quickly...
AirWorthy99 wrote:This drug won't kill you, more than COVID19 would. It would seem you have more to gain from taking the drug than not using it.
Tell that to the couple in Arizona that tried it. At least, tell that to the half-of-that-couple that is trying to survive.
N583JB wrote:I cannot BELIEVE the President of the United States would have a mutual fund. The nerve of him!
Glad to see that even in an earth-changing pandemic, some people's blind hatred for the President still "trumps" reality.
AirWorthy99 wrote:This thread is so absurd.
Trump is taking millions in losses from his hotels and resorts being closed by a lock-down and the measures he is supporting as president.
And the "worse" for him is that he isn't taking one cent from the bailout he and congress approved to help those industries hurting by this crisis. So for being president he is taking a beating financially. Had he not been president he would have taken bailout money that his companies need, but he won't. Yet here you are making some conspiracy theory of Trump making money out of this drug.
Trump is promoting this drug because, what do you have to lose if you are in ICU and your prospects of recovering are bad? This drug won't kill you, more than COVID19 would. It would seem you have more to gain from taking the drug than not using it. Common sense.
Pyrex]The couple from Arizona did not take the drug, they took fish tank cleaner...[/quote]
[quote="N583JB wrote:You mean the couple that ingested fish aquarium cleaner because it sounded kinda like a medication?
alfa164 wrote:Pyrex]The couple from Arizona did not take the drug, they took fish tank cleaner...[/quote]
[quote="N583JB wrote:You mean the couple that ingested fish aquarium cleaner because it sounded kinda like a medication?
Fish tank cleaner that contained exactly the same ingredient that Trump was promoting. Not "sounded like"; it was the same. And it is the same drug that he and many of his family and friends have a financial interest in. Go figure.
"Trump either didn’t consider any of these consequences before touting the chemicals as potentially effective and definitely safe, or didn’t care."
https://arcdigital.media/how-much-is-trump-responsible-for-a-chloroquine-related-death-in-arizona-208868ec964
"Highly educated avid politics-watchers... may treat anything Trump says with a grain of salt. But that doesn’t mean everyone does. As a national leader, Trump bears responsibility for his words and foreseeable interpretations of them. He’s the president of frightened people, old people, Democrats, and “unimaginable morons” too."
Pyrex wrote:And what other ingredients? And in what doses? And how much did they take?
Newark727 wrote:Pyrex wrote:And what other ingredients? And in what doses? And how much did they take?
It's almost as if doctoring should be left to the doctors...
AirWorthy99 wrote:And the "worse" for him is that he isn't taking one cent from the bailout he and congress approved to help those industries hurting by this crisis.
alfa164 wrote:Pyrex]The couple from Arizona did not take the drug, they took fish tank cleaner...[/quote]
[quote="N583JB wrote:You mean the couple that ingested fish aquarium cleaner because it sounded kinda like a medication?
Fish tank cleaner that contained exactly the same ingredient that Trump was promoting. Not "sounded like"; it was the same. And it is the same drug that he and many of his family and friends have a financial interest in. Go figure.
"Trump either didn’t consider any of these consequences before touting the chemicals as potentially effective and definitely safe, or didn’t care."
https://arcdigital.media/how-much-is-trump-responsible-for-a-chloroquine-related-death-in-arizona-208868ec964
"Highly educated avid politics-watchers... may treat anything Trump says with a grain of salt. But that doesn’t mean everyone does. As a national leader, Trump bears responsibility for his words and foreseeable interpretations of them. He’s the president of frightened people, old people, Democrats, and “unimaginable morons” too."
N583JB wrote:alfa164 wrote:N583JB wrote:You mean the couple that ingested fish aquarium cleaner because it sounded kinda like a medication?
Fish tank cleaner that contained exactly the same ingredient that Trump was promoting. Not "sounded like"; it was the same. And it is the same drug that he and many of his family and friends have a financial interest in. Go figure.
"Trump either didn’t consider any of these consequences before touting the chemicals as potentially effective and definitely safe, or didn’t care."
https://arcdigital.media/how-much-is-trump-responsible-for-a-chloroquine-related-death-in-arizona-208868ec964
"Highly educated avid politics-watchers... may treat anything Trump says with a grain of salt. But that doesn’t mean everyone does. As a national leader, Trump bears responsibility for his words and foreseeable interpretations of them. He’s the president of frightened people, old people, Democrats, and “unimaginable morons” too."
It wasn't the exact same ingredient. It was a different compound with a similar-sounding name. What these people did was akin to hearing their doctor say that apples are healthy and then drinking a gallon of apple-scented floor cleaner.
AirWorthy99 wrote:This thread is so absurd.
Trump is taking millions in losses from his hotels and resorts being closed by a lock-down and the measures he is supporting as president.
And the "worse" for him is that he isn't taking one cent from the bailout he and congress approved to help those industries hurting by this crisis. So for being president he is taking a beating financially. Had he not been president he would have taken bailout money that his companies need, but he won't. Yet here you are making some conspiracy theory of Trump making money out of this drug.
Trump is promoting this drug because, what do you have to lose if you are in ICU and your prospects of recovering are bad? This drug won't kill you, more than COVID19 would. It would seem you have more to gain from taking the drug than not using it. Common sense.
bgm wrote:AirWorthy99 wrote:This thread is so absurd.
Trump is taking millions in losses from his hotels and resorts being closed by a lock-down and the measures he is supporting as president.
And the "worse" for him is that he isn't taking one cent from the bailout he and congress approved to help those industries hurting by this crisis. So for being president he is taking a beating financially. Had he not been president he would have taken bailout money that his companies need, but he won't. Yet here you are making some conspiracy theory of Trump making money out of this drug.
Trump is promoting this drug because, what do you have to lose if you are in ICU and your prospects of recovering are bad? This drug won't kill you, more than COVID19 would. It would seem you have more to gain from taking the drug than not using it. Common sense.
Would you care to comment on the amount of money his resorts (specifically Mar-A-Lago) have received from the government due to his extended stays there?
casinterest wrote:dtw2hyd wrote:It is a sub-cent/dose generic drug. Even if it is a cent total amount spent is $290,000.
How many $$Millions he is going to make operating this syndicate, How much is Cohen's cut?
Guess what, the non generic is prescribed more often because it has less side effects.
Cost per pill $11
https://www.google.com/search?q=plaquenil+cost.
NIKV69 wrote:casinterest wrote:dtw2hyd wrote:It is a sub-cent/dose generic drug. Even if it is a cent total amount spent is $290,000.
How many $$Millions he is going to make operating this syndicate, How much is Cohen's cut?
Guess what, the non generic is prescribed more often because it has less side effects.
Cost per pill $11
https://www.google.com/search?q=plaquenil+cost.
Not only this but this drug is already established and treats other maladies. I wonder what will be the story when this drug is found to work against Covid-19? TDS at it's best.
NIKV69 wrote:casinterest wrote:dtw2hyd wrote:It is a sub-cent/dose generic drug. Even if it is a cent total amount spent is $290,000.
How many $$Millions he is going to make operating this syndicate, How much is Cohen's cut?
Guess what, the non generic is prescribed more often because it has less side effects.
Cost per pill $11
https://www.google.com/search?q=plaquenil+cost.
Not only this but this drug is already established and treats other maladies. I wonder what will be the story when this drug is found to work against Covid-19? TDS at it's best.