Who owns the most pharmaceutical stocks in Congress?
Johnson & Johnson and Pfizer, the makers of COVID-19 vaccines, were the most-held pharmaceutical stocks in Congress in 2020, owned by 44 and 37 members, respectively.
How much did Pfizer spend on US politics?
In addition to giving roughly $1 million to members of Congress, Pfizer also wrote checks to 1,048 individual candidates in state legislative races. While the drug industry gave money to a broad range of candidates, it focused in particular on those on key committees that oversee health care legislation.
Who owns Pfizer?
Pfizer (NYSE: PFE) is owned by 64.20% institutional shareholders, 0.26% Pfizer insiders, and 35.54% retail investors. Vanguard Group Inc is the largest individual Pfizer shareholder, owning 450.91M shares representing 8.06% of the company. Vanguard Group Inc's Pfizer shares are currently valued at $17.86B.
Which members of Congress invested in Pfizer Inc (PFE)?
Members of Congress Invested in Pfizer Inc Member Party Amount Invested Sensenbrenner, Jim Republican $1,018,814 - $5,018,813 Gianforte, Greg Republican $797,136 Upton, Fred Republican $165,003 - $400,000 Schrader, Kurt Democrat $100,001 - $250,000 36 more rows ...
Who owns the majority share of Pfizer?
Vanguard Group Inc.The top shareholders of Pfizer are Frank A. D'amelio, John Douglas Young, Mikael Dolsten, Vanguard Group Inc., BlackRock Inc. (BLK), and State Street Corp.
Who are the stakeholders in Pfizer?
Our key stakeholders include, but are not limited to:Patients, caregivers and healthy individuals.Physicians and allied health professionals.Governments, policymakers and regulatory authorities.Public health organizations.Professional medical organizations.Patient advocacy groups.Colleagues.Academic institutions.More items...
Who is the biggest investor in Pfizer?
Who owns Pfizer?Fund or Company NameShares HeldValued AtCapital World Investors220M$11BGeode Capital Management105M$5.4BNorthern Trust67M$3.4BCharles Schwab Investment Management60M$3.1B94 more rows
Who owns Mrna stock?
Top 10 Owners of Moderna IncStockholderStakeShares ownedThe Vanguard Group, Inc.6.44%25,612,184BlackRock Fund Advisors5.00%19,891,757SSgA Funds Management, Inc.3.73%14,847,130Coatue Management LLC1.74%6,928,1476 more rows
Is Pfizer privately owned?
Pfizer files an official certificate of incorporation in the state of New Jersey, with authorized capital of $2 million divided into 20,000 shares of $100 each. Pfizer would remain a privately held company until June 22, 1942, when 240,000 shares of new common stock were offered to the public.
Does Johnson and Johnson own Pfizer?
Johnson & Johnson announced yesterday that it was buying the Pfizer division, paying $16.6 billion to beat out several other bidders. Analysts said the move would make Johnson & Johnson the world's largest consumer health care company.
Which companies does Bill Gates invest in?
CURRENT PORTFOLIOTickerCompany% PortfolioWMTWalmart Inc.2.28%DEDeere & Co.1.89%KOFCoca-Cola Femsa SAB de CV1.73%MSFTMicrosoft Corp.1.47%15 more rows•May 21, 2022
Who are the major shareholders of CNN?
Top 10 Owners of News CorpStockholderStakeTotal changeThe Vanguard Group, Inc.13.52%+2.11%Independent Franchise Partners LL...7.49%-5.58%SSgA Funds Management, Inc.4.70%-0.97%BlackRock Fund Advisors4.67%+0.07%6 more rows
Lawmakers invest in big pandemic-era stocks
The investors in vaccines included freshman Rep. Marie Newman, a Democrat of Illinois, whose husband, Jim Newman, has traded shares of both Johnson & Johnson and Moderna. The congresswoman's 2020 annual personal financial disclosure also listed the couple together holding shares in Moderna.
Investments in 3M, Quest, Regeneron
Democratic lawmakers also invested in COVID-19-sensitive companies, including through selling and buying stocks in vaccine manufacturers and other companies deeply involved with pandemic relief efforts.
Democrats' mixed messaging
Early in the pandemic, some lawmakers condemned people looking to make money off COVID-19-related treatments and defenses.
Pharmaceutical contributions and conflicts
Lawmakers' trading stocks of companies that have been profiting from their response to the pandemic has raised concerns about ethics and conflicts of interest.
How much Apple stock does Nancy Pelosi own?
House Speaker Nancy Pelosi (D-Calif.), who represents a San Francisco district that neighbors tech giants, reported owning up to $25.5 million in Apple stocks. Pelosi’s husband, Paul Pelosi, runs a venture capital firm that has helped make the Democratic leader one of the wealthiest members of Congress.
When will Pfizer be in 2020?
April 27, 2020 9:35 am. Pfizer is one of the most popular stocks in Congress, with 48 lawmakers placing their bet on the drugmaker that hikes its prices each year. (Drew Angerer/Getty Images) The story is part of a series about lawmakers’ personal financial disclosures. OpenSecrets recently updated its personal finances database to include data ...
What is the role of Congress in the private sector?
Congress is tasked with regulating the most powerful and influential industries in the private sector. But lawmakers could lose massive chunks of their personal wealth if their legislation hurts those companies’ bottom lines.
How much did Elaine Luria own in Facebook?
Other Democrats reported seven-figure investments in big tech last year. Freshman Rep. Elaine Luria (D-Va.) reported holding up to $5 million in Facebook stock. Rep. Kim Schrier (D-Wash.) reported owning up to $6.3 million in Apple stock, far more than any other investment.
How much stock does Joe Kennedy own?
His disclosure shows he’s profited from rising drug prices. Last year, he reported owning up to $2.1 million in stock in pharmaceutical and health products companies in a family trust.
Who owns Apple shares?
Seventy-nine lawmakers reported holding shares of Apple, the world’s first trillion-dollar company. Apple enjoys investments from members of both parties, but Democrats are the biggest investors in the deep-pocketed iPhone maker.
Who is the former Microsoft employee?
Another former Microsoft employee, Rep. Josh Gottheimer (D-N.J.), held up to $5.2 million in Microsoft stock. Tech companies are among the most popular assets for lawmakers, with 42 members invested in Google, 37 in Amazon and 34 in Facebook as of the most recent filings.
How much did Pfizer donate to the Capitol?
Overall, the sector donated $14 million.
Who was the top recipient of drug industry cash?
The top recipient of drug industry cash was Rep. Richard Hudson, a Republican from North Carolina.
What is the drug industry doing in 2020?
In 2020, the federal government leaned heavily on drug makers to develop Covid-19 vaccines at lightning speed — helping to rehabilitate the industry’s reputation ...
Which companies donate the most?
Donations from companies like Pfizer and Amgen are among the most visibly widespread.
Who covers politics of health and life sciences?
Lev Facher covers the politics of health and life sciences.
Can pharmaceutical companies donate to congressional candidates?
State campaign finance laws vary, and in some cases corporations can make direct contributions to lawmakers. In Washington, however, it is illegal for corporations to donate to candidates. As a workaround, companies form political action committees, or PACs. These outside groups are often funded in large part by contributions from executives, and the individuals who decide how to spend the money are often members of corporate leadership.
Who funded the NIHCM project?
This project is funded by a grant from the NIHCM Foundation. The foundation played no role in the reporting, editing, or presentation of the project.
What companies did Senator Frist own?
Senator Frist's blind trust included stock in drug companies Abbott Laboratories and Johnson & Johnson through 2004, each worth $15,000 to $50,000 when the trust was created. Frist also reported holdings in Orthodontic Supply Inc. worth between $1,001 and $15,000.
Who added the provision to the defense conference report?
Senator Bill Frist added the provision to the defense conference report, approved by the House of Representatives on Sunday, after conferees had signed what they were told was the final product. Nine members of the Senate conference committee hold pharmaceutical stock.
Can a senator vote in his own interests?
No Senator should be able to vote in his own financial interests at the expense of the public," said Balber. FTCR released an analysis of Senate personal financial disclosures last week, revealing that 42 senators -- 27 Republicans and 15 Democrats -- held pharmaceutical stock worth between $8.1 and $16 million in 2004.
Did Senators with pharmaceutical holdings vote?
Four Senators with pharmaceutical holdings did not vote. The provision grants immunity to drug companies for any vaccine or product, classified by the Bush Administration as necessary to respond to a public health threat, when patients are harmed by dangerous drugs.
Who is the White House science adviser?
Eric Lander, the White House science adviser, holds up to $1 million in shares of BioNTech, Pfizer’s partner for its coronavirus vaccine. Secretary of State Anthony Blinken previously consulted for Gilead Science, the biotech company that produced remdesivir, the only Covid-19 treatment approved by the FDA so far.
Is the pharmaceutical industry against the waiver?
The pharmaceutical industry, in a bid to shield an expected financial windfall, has pressed the Biden administration not only to oppose the waiver , but also to impose trade-related sanctions on countries that back the proposal or move to manufacture coronavirus vaccines without permission from patent holders.
Who has Collins received more money from?
In fact, Collins has received more money from fossil fuels companies in Texas and energy companies than donors in Maine. Some of these companies include Exxon Mobile and General Electric.
How much money did the Texas senator get from the NRA?
The Texas senator received almost $60,000 in funds from the NRA. But his other big donors include Koch Industries in 2014, which runs multiple businesses in Texas. These businesses include oil refineries and a cattle ranch.
How much did Scalise receive from the NRA?
The Louisiana representative received over $130,000 from the NRA in 2018. Scalise also held fundraisers with gas and oil companies and lobbyists to raise funds for the Scalise Leadership fund in 2019. The BGR Group, which represents Chevron, Southern Company, and Petroceltic International, hosted the event with Scalise.
How much money did the Arkansas senator receive from the NRA?
The Arkansas senator who believed the coronavirus was a Chinese bioweapon, received a total of $1.9 million from the NRA in his career. He has also received donations from Koch Industries.
How much money has McConnell taken from the NRA?
McConnell has taken more than $1.2 million from the NRA. According to the Louisville Courier-Journal, the senator has big donors in the energy and oil industries. One of his biggest donors is the Devos family, which is also the family of Secretary of Education Betsy Devos.
How much money did Burr get from tobacco companies?
Burr is also funded by tobacco companies. He received $200,000 from tobacco companies including Altria, which produces Marlboro cigarettes.
Did the Republican House Minority Leader receive donations from oil companies?
He has also received a substantial amount of donations from pharmaceutical companies and insurance companies.
Congress Insider Trading Used to Be...Legal?
The Stock Act
- In light of the public outcry on the '60 Minutes' piece, the STOCK Act was passed in 2012. The STOCK Act makes it illegal for members of Congress (and other federal employees, including the President) to trade securities based on material, nonpublic information. This includes the buying or selling of securities of individual companies. The STOCK Act requires detailed financial disclo…
Congress Historical Investment Holdings
- Historically, Congress has been allowed to participate in individual stock investments with no restrictions, and were not required to disclose their holdings. The STOCK Act put an end to this, and information about Congress' investments is publicly available. Unfortunately, due to an amendment to the STOCK Act, the information is not readily available on a government website, …
10 Most Popular Stocks Owned by Congress in 2021
- Here's what Congress is currently invested in: There are a few interesting items of note in this list: 1. Pfizer has climbed back into the top 10, at the #6 spot, with almost 50 Congress members holding the stock 2. General Electric has fallen down the list, despite being the #1 holding for almost a decade 3. Apple is overwhelmingly the favorite st...
Interesting Investment Moves by Congress Since 2008
- While the STOCK Act was designed to put a halt to insider trading, there are still instances of questionable investment moves by members of Congress. Here are a few of the most recent trades by members of Congress that have come under scrutiny: Spencer Bachus (R-AL). Bachus bought put optionsthe day after a private meeting with the Fed chairman, Ben Bernanke, in Septe…
Final Thoughts
- Congress members are free to buy and sell stocks, and as you can see, they have bet heavily in the tech and healthcare sectors. With Apple as the top holding for Congress members in 2018, those bets have paid off handsomely in 2021, with Apple stock almost triple its former valuation. It also may be a bit shocking to the American public how much wealth is held by members of Co…