Trump Has Stake In Hydroxychloroquine Drugmaker: Report - 2020-04-07
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.
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.