Trump Has ‘Financial Interest’ in Hydroxychloroquine Manufacturer
President Donald Trump has a “small financial interest” in the drugmaker of an anti-malarial drug that he has been touting as a “game changer” in treating coronavirus, according to The New York Times. Over the past two weeks, Trump and his Fox News allies have aggressively promoted hydroxychloroquine as a potential cure despite top infectious disease expert Dr. Anthony Fauci urging caution and noting that there was not enough evidence of the drug’s efficacy.
The Times reports that the president’s family trusts all have investments in a mutual fund whose largest holding is Sanofi, the manufacturer of Plaquenil, the brand-name version of hydroxychloroquine. Associates of the president, such as major Republican donor Ken Fisher and Commerce Secretary Wilbur Ross, have also run funds that hold investments in the pharmaceutical firm.