Quote:
Originally Posted by Mick
Trump does own shares, but his overall total shares, is of little significance. He owns about $1,500 worth, the French company, (so not even American) Sonafi which makes Hydroxychloroquine, stock value went up the day after Trump promoted its use to treat Covid-19, so Trump stood to pocket $260 from his promotion of it. Trump’s net worth is documented to be around $3,000,000,000. He isn’t violating federal conflict of interest laws.
As per usual, it’s jump on the, “Trump man bad”, again.  |
Just to add to this:
- Trump's shares are held indirectly - his family trusts invest in what the US calls mutual funds similar to what we would call unit trusts.
- His mutual funds hold shares in many large companies, not just Sanofi. That's the nature of these types of investments. I'm sure his peers invest in similar ways too though perhaps with smaller sums.
https://www.marketwatch.com/story/tr...-99-2020-04-07