Fact Check: Trump owns stake in Hydroxychloroquine Drugmaker? <---- BZZZZZZZT. FALSE Bitches

festeringZit · Apr 7, 2020

[ Maggots in here have been screeching about this all day: Donger, Mango, MobTroll... They are always wrong. Every time. Of
course they got it from libtard Huffington Post, and dumb puppets repeat it like it's truth. ]

<header style="color: rgb(17, 17, 17); font-family: Georgia, "Times New Roman", serif; font-size: 16px;">Fact Check: Trump Does Not Own Stake in a Hydroxychloroquine Drugmaker

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</header>Claim: “Donald Trump Has Stake In Hydroxychloroquine Drugmaker: Report”
That’s the headline across a HuffPost story that goes on to claim that “President Donald Trump reportedly owns a stake in a company that produces hydroxychloroquine, the anti-malaria drug he has repeatedly touted as a coronavirus treatment even though his experts say there’s no strong evidence it works.”
Verdict: False.

The report cited by the HuffPost is from a New York Times story that said: “Trump himself has a small personal financial interest in Sanofi, the French drugmaker that makes Plaquenil, the brand-name version of hydroxychloroquine.”
Trump’s personal financial interest, however, does not include a stake in Sanofi–and the New York Times did not claim it did. Instead, Trump’s financial disclosures show that his three family trusts each had investments in a $10.3 billion Dodge & Cox mutual fund that owns shares in Sanofi, the world’s fifth-largest drugmaker by prescription sales. As of its latest disclosures, those holdings amount to just 3.3 percent of the fund’s holdings.

Trump’s most recent financial disclosure forms lists holdings in the Dodge & Cox International Fund valued between $1,001 and $15,000. That means Trump holds a maximum stake in the mutual funds of $45,000, giving him an indirect interest in Sanofi of $1,485 at the most.
His “financial interest” in Sanofi, which has a market capitalization of nearly $58 billion, could be as low as $99.10.
This was originally reported by independent journalist Mike Cernovich on his website. Cernovich’s figures are lower because it appears he was calculating the interest of a single trust rather than combining the three trusts as we have here.
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Cernovich
✔@Cernovich

· <a class="u-linkBlend u-url permalink customisable-highlight" data-scribe="element:mini_timestamp" href="https://twitter.com/Cernovich/status/1247387827979124737" style="background-color: transparent; text-decoration: inherit; outline: 0px; font-weight: inherit;"><time class="dt-updated" datetime="2020-04-07T04:56:48+0000" pubdate="" title="Time posted: April 07, 2020 04:56:48 (UTC)" aria-label="Posted 15 hours ago">15<abbr title="hours" style="border-bottom: 0px;">h</abbr></time>

Trump owns between $29 and $435 worth of Sanofi stock.https://www.cernovich.com/sanofi-and-trump/ …

Sanofi and Trump - Mike Cernovich

Another night, another ORANG MAN BAD article from the New York Times, this time by Ken Vogel who is actually a good reporter, so what the f-ck was he even thinking. Anyhow, the article suggests that...
cernovich.com

Cernovich
✔@Cernovich

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.
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12:07 AM - Apr 7, 2020
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</twitter-widget>Plaquenil, the company’s version of the drug, is not material to Sanofi’s stock. It is generically available, not sold in the United States, and has been around since the 1950s.
Trump’s indirect interest in Sanofi pales compared with his indirect interest in practically every company in the world through his much larger holdings in basically every big company in the world through broad market index funds.
Marketwatch reports:

Trump has a small stake in basically every big company you can think of.
In each of the trusts, the biggest fund holding is just the broader SPDR S&P 500 ETF, in which Trump holds between $200,000 and $450,000, according to his financial-disclosure forms.
So one could say Trump has $22,000 or so invested in Microsoft, and nearly as much in Apple

It would be accurate to claim that Trump has an interest in the prosperity of businesses around the globe, especially American companies. But it is inaccurate to claim he has a particular interest in the bottom line of Sanofi. Like most diversified investors, Trump’s stock portfolio benefits when the broad market rises and is not leveraged to the profits of one company.
In any case, it is certainly false to claim he directly owns a stake in the French drugmaker.

Mobdeeper7239 · Apr 7, 2020

You obviously are not very bright.

Just quit your life.

festeringZit · Apr 7, 2020

Mobdeeper7239 said:
You obviously are not very bright.

Just quit your life.

You are always wrong. Every single time.

Obviously you don't care, you're just here to troll. Everyone knows it.

TimmyRules · Apr 7, 2020

You would have better luck teaching a feral :hikitty:to

in a :bowl: then (face)(*^%)talk since (face)(*^%) to the you know who group

Ignore List is wonderful tool!!

festeringZit · Apr 7, 2020

Timmy Rules said:
You would have better luck teaching a feral :hikitty:to in a :bowl: then (face)(*^%)talk since (face)(*^%) to the you know who group

Ignore List is wonderful tool!!

Good idea. There's a good chance that MobTroll is the most ignored poster in this place... a great chance

TimmyRules · Apr 7, 2020

festeringZit said:
Good idea. There's a good chance that MobTroll is the most ignored poster in this place... a great chance

mango making a strong bid to take the lead...:think2:

festeringZit · Apr 7, 2020

Someone just got flushed down the toilet:

TimmyRules · Apr 7, 2020

Congrats!

It’s like blocking CNN....you will do a few more once you see how much more enjoyable it is to skip past all the BS!

festeringZit · Apr 7, 2020

Timmy Rules said:
Congrats!

It’s like blocking CNN....you will do a few more once you see how much more enjoyable it is to skip past all the BS!

cheersgif

REDEYE · Apr 7, 2020

festeringZit said:
Someone just got flushed down the toilet:

Its so much better not seeing most of their stupidity..Squad members were pretty bad before the Chinese virus hit , but after , they've reached a whole new level

exploited17 · Apr 7, 2020

shdw01 · Apr 7, 2020

I never even thought of Trump having financial interest in this drug.

Would be like Jude Law in contagion.

Willie99 · Apr 7, 2020

Morning Joe & Mika, she's dumbest on air personality in the country, were selling this lie

"follow the money" the stupid ass-wipes were saying, and you know every TDS suffering moron that watches them swallowed yet another lie hook line and sinker

The drug was first approved for medical use in 1955. The patent has long since expired and this product now has numerous generic forms.

Seriously, how fucking easy is it to learn the truth? Democrats and their media are TOO FUCKING LAZY to do their job, another genetic trait they share with their vote for a living flock.

THINK, IT HELPS A LOT

Dave007inVegas · Apr 7, 2020

Not knocking those who put people on ignore but isn't that what a scrool wheel is for?

TimmyRules · Apr 7, 2020

Dave007inVegas said:
Not knocking those who put people on ignore but isn't that what a scrool wheel is for?

it’s kind of like rubber necking....you know you shouldn’t slow down to look at the wreck but you do anyway

When you don’t see the wreck you don’t slow down!

KennyB · Apr 7, 2020

The drug is available generic and is not expensive.

festeringZit · Apr 7, 2020

Dave007inVegas said:
Not knocking those who put people on ignore but isn't that what a scrool wheel is for?

Out of sight, out of mind.

Fact Check: Trump owns stake in Hydroxychloroquine Drugmaker? <---- BZZZZZZZT. FALSE Bitches

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