Journalists, “reporters,” and media pundits were going nuts on Tuesday morning sharing an article from the New York Times claiming that President Trump and the people close to him will gain financially if hydroxychloroquine works to treat the coronavirus. The story is total BS and the NYT’s never thought that people would actually do the math, as it turns out Trump only owns $29-$435 in assets.
“Trump himself has a small interest in @Sanofi, which makes a brand-name hydroxychloroquine version”
NEW: If hydroxychloroquine becomes an accepted coronavirus treatment, several companies stand to profit, some with shareholders & execs connected to TRUMP.
Trump himself has a small interest in @Sanofi, which makes a brand-name hydroxychloroquine version. https://t.co/yMXoqixx95
— Kenneth P. Vogel (@kenvogel) April 7, 2020
Here is the quote from the article that has the liberal media all up is arms says:
— Matthew Garrahan (@MattGarrahan) April 7, 2020
“Mr. Trump himself has a small personal financial interest in Sanofi, the French drugmaker that makes Plaquenil, the brand-name version of hydroxychloroquine”:
There are two major errors about this story first, the drug is off-patent and it is being manufactured by multiple companies and even the famous never-trumped George Conway agrees this is a huge stretch.
Yep. And can’t imagine Sanofi could make that much on a drug that’s not patented. https://t.co/6EYEnQdveC
— George Conway (@gtconway3d) April 7, 2020
Secondly, the “small personal financial interest” is a mutual fund that’s is operated by the family trust again even Trump hater Walter Shaub is telling liberals this isn’t a big deal.
Don’t get excited about this finding. If Trump were a regular executive branch employee covered by the conflict of interest law, the remedy for a conflict of interest would be to buy diversified mutual funds because they’re exempt from the law. That’s the asset this refers to. https://t.co/dD8SCBbZka
— Walter Shaub (@waltshaub) April 7, 2020
Lastly, if you read the article you’ll notice that the NYT’s doesn’t post any numbers, conservative investigative journalist Mike Cernovich explains…
According to Trump’s financial disclosure, he owns between $1,000 – $15,000 of Dodge & Cox fund.
Dox & Cox’s fund has 2.9% of its money in Sanofi.
Trump owns 2.9% of btw $1,000 – $15,000.
Trump owns $29 to $435 of stock.
lol NYT didn’t think anyone would do the math. pic.twitter.com/ThjWpe34ry
— Cernovich (@Cernovich) April 7, 2020