Who holds pharmaceutical stock in the Senate?
Nine members of the Senate conference committee hold pharmaceutical stock. 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 are the CEOs of the pharmaceutical companies that have donated money?
New Pfizer CEO Albert Bourla contributed $2,700 each to Senator Portman’s campaign committee and to the campaign committee of Senator Pat Toomey, Republican of Pennsylvania. Bristol-Myers Squibb CEO Giovanni Caforio contributed $7,500 to last year’s campaigns of Senator Carper and Senator Crapo.
How much do pharmaceutical companies contribute to political candidates?
In 2017 and 2018 alone, Pfizer contributed over $2 million to federal election campaigns--Merck and Abbvie both spent nearly $1.2 million. Pfizer, AstraZeneca and Bristol-Myers Squibb say that their company’s PACs support politicians from both parties.
Who are the richest members of the House investing in Pharma?
Rep. Greg Gianforte (R-Mont.), the wealthiest member of the House, reported investing $3.6 million in pharmaceutical companies. He was the top investor in several industry giants including AbbVie, the Humira manufacturer that successfully killed generic competition for nearly two decades and fought off regulation from Congress.
Who added the provision to the defense conference report?
Did Senators with pharmaceutical holdings vote?
Can a senator vote in his own interests?
About this website
How many politicians have stock in pharmaceutical companies?
Santa Monica, CA -- 38 U.S. Senators with up to $13.4 million in pharmaceutical holdings increased the value of their stock portfolios last night when they approved an amendment to the defense appropriations bill that immunizes drug makers from accountability to the public when they sell dangerous drugs and other ...
Do politicians have shares in pharmaceutical companies?
At least 75 federal lawmakers held shares of Moderna, Johnson & Johnson, or Pfizer in 2020. Lawmakers' holding stock in these companies has prompted ethical concerns. Several other lawmakers traded shares of companies with a direct stake in the pandemic.
Who owns the top pharmaceutical companies?
Big Pharma and mainstream media are largely owned by two asset management firms: BlackRock and Vanguard.
Who dominates the pharmaceutical industry?
The USThe US is the world's leader in pharmaceutical sector research and development (R&D), and since 1980 R&D efforts in the country have grown significantly, rising from US$2 billion to US$72.4 billion as of 2020.
Who are the major shareholders of Pfizer?
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.
Does the government fund pharmaceutical companies?
To compensate for the potential gaps in private research funding, governments directly invest in pharmaceutical R&D particularly supporting drug development outside pharmaceutical companies in public institutions.
Who owns the biggest pharmaceutical company in the world?
5. NovartisCompany RankCompany NameCountry1Johnson & Johnson JNJUSA2Roche RHHBYSwitzerland3Pfizer PFEUSA4Eli Lilly LLYUSA6 more rows•Sep 17, 2021
Who is the richest pharmacist in the world?
Navinchandra Jamnadas EngineerNavinchandra Jamnadas Engineer (born May 1951) is the richest graduated pharmacist in the world. The British billionaire, originally from Kenya, owns Chemidex, an Egham / Surrey based pharmaceutical company that he founded in 1981.
Who is the richest pharmaceutical company?
10 of the largest pharma companies, ranked by 2020 revenueJohnson & Johnson:- $82.6 billion.Roche: $58.3 billion.Novartis: $49.9 billion.Merck: $48 billion.AbbVie: $45.8 billion.Bristol-Myers Squibb: $42.5 billion.Sanofi: $42.3 billion.Pfizer: $41.9 billion.More items...•
Which country is No 1 in pharma?
Overall the value of drugs and medicine exports grew by an average 5.8% for all exporting countries since 2014 when drugs and medicines shipments were valued at $344.1 billion. Year over year, there was a 7.9% uptick from 2017 to 2018....2014.#1CountryGermanyValue US$bn50World market share16%10 more columns
Who is the CEO of Big Pharma?
CEOCompanyTotal payALEX GORSKYJOHNSON & JOHNSON$29,802,564IAN C READPFIZER INC$27,913,775LEONARD S SCHLEIFERREGENERON PHARMACEUTICALS$26,508,058RICHARD A GONZALEZABBVIE$22,625,2436 more rows
Which is the single largest market for pharmaceuticals in the world?
The United StatesThe United States was the largest pharmaceutical market in 2020, generating roughly 46 percent of total revenues worldwide.
52 Members Of Congress Own This High-Yield Stock - Yahoo!
It's the most popular high-yield stock owned by Congress. And they might be on to something. Right now this stock yields 5.3%... and it's one of the most stable dividend-payers in America.
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 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.
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 ...
How much does Kim Schrier own Apple?
Kim Schrier (D-Wash.) reported owning up to $6.3 million in Apple stock, far more than any other investment. Researcher Alex Baumgart contributed to this report. This story was edited on April 28, 2020 to clarify that Joe Kennedy does not control assets in his family trust.
Where is Karl from CRP?
As CRP’s money-in-politics reporter, he writes and edits stories for the news section and helps manage a team of diligent writers. A native of Brooklyn, New York, Karl graduated from State University of New York at New Paltz in 2016 with a B.A. in journalism.
Has the pharmaceutical lobby defeated the bill?
The pharmaceutical lobby has successfully defeated bill after bill that would limit the rising price of drugs. The industry coupled record lobbying spending with targeted campaign donations and direct appeals to President Donald Trump to ward off policy changes.
Does John F Kennedy have control over Pfizer?
Kennedy has said he has no control over the assets in his family trust. 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. Rep. Jim Sensenbrenner (R-Wis.), the second most senior congressman, reported holding between $1 million and $5 million in Pfizer stock.
How much has Merck spent on campaign contributions?
Merck CEO Ken Frazier has spent some $90,000 on federal election campaign contributions in the last decade, $40,000 of which has gone toward current members of the finance committee.
Who is the CEO of Pfizer?
New Pfizer CEO Albert Bourla contributed $2,700 each to Senator Portman’s campaign committee and to the campaign committee of Senator Pat Toomey, Republican of Pennsylvania. Bristol-Myers Squibb CEO Giovanni Caforio contributed $7,500 to last year’s campaigns of Senator Carper and Senator Crapo.
How much did Mark Warner donate to the campaign?
In the last six months he donated $5,000 to the campaign committees of Senator Mark Warner, Democrat of Virginia, and $3,900 to Senator Tom Carper, Democrat of Delaware. Sanofi CEO Olivier Brandicourt spent over $8,000 contributing to the 2018 campaigns of Tom Carper and Mark Warner, too.
How much did Tom Carper contribute to the state of Delaware?
Tom Carper (D-Delaware) - $100,000. Spokeswomen for Senator Portman and Senator Carper, when asked for comment on the contributions, both wrote via email that Portman and Carper have helped lead efforts to reduce the cost of drugs.
Who is the Democrat who participated in the tobacco hearings?
Grassley will “demand accountability and act in the interest of taxpayers,” he said. (The campaign committee of ranking member Senator Ron Wyden , Democrat of Oregon who participated in the tobacco hearings in the 1990s, has received $78,500 from these PACs since 2009.)
Is insulin pricing a national problem?
This likely won’t be the last time pharma CEOs are asked to testify before Congress this year. On Friday Senator Grassley launched a separate investigation specifically focused on insulin pricing. “The reality is that drug pricing is a national problem.
How much money did the pharmaceutical industry spend on political campaigns in 2016?
The pharmaceutical industry, which has about two lobbyists for every member of Congress, spent $152m on influencing legislation in 2016, according to the Center for Responsive Politics. Drug companies also contributed more than $20m directly to political campaigns last year. About 60% went to Republicans.
Why is the drug crisis so deep?
The crisis is so deep because it affects all races, regions and incomes. Trump was right on both counts. Pharmaceutical companies spend far more than any other industry to influence politicians. Drugmakers have poured close to $2.5bn into lobbying and funding members of Congress over the past decade.
What is the result of a 2003 law?
That is the result of a 2003 law, in effect written by the industry, preventing the federal government from seeking bids for the manufacture of drugs and medical devices – a process used in other areas, such as defence spending.
When did the opioid crisis start?
The crisis unfolded in the mid-90s when the US pharmaceutical industry began marketing legal narcotics, particularly OxyContin, to treat everyday pain. This slow-release opioid was vigorously promoted to doctors and, amid lax regulation and slick sales tactics, people were assured it was safe.
Can pharmaceutical companies charge for drugs?
Instead, the pharmaceutical companies can charge whatever price they want for drugs bought for the publicly run Medicare and Medicaid programmes – and the federal government has no choice but to pay up. Tom Marino, second left, at a Trump rally in Hershey, Pennsylvania, in 2016.
Who was the senator who took $360,00?
Read more. Among those who received political contributions from the group were Senator Orrin Hatch, who took $360,00. The senator introduced legislation intended to head off one of the bills put forward by Rogers and Bono by proposing a federal study of pain treatment.
Who drafted the ACA?
The drafting of large parts of the ACA was done by a former vice-president of a major health insurer, Wellpoint. In his attack on drug company money in American politics, Trump failed to mention that the companies were among the leading donors to his inauguration alongside tobacco and oil companies.
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.
What is GSK in the US?
GSK is one of over 20 pharmaceutical firms around the world racing to provide a vaccine for coronavirus. The manufacturer has deals with the British and US governments to supply them with jabs, subject to terms in a final contract.
How many shares does Sir Patrick hold in GSK?
The Chief Scientific Adviser, who leads the Government’s expert panel on vaccines, holds 43,111 shares in GlaxoSmithKline (GSK) from his time as president of the drugs company. According to the Telegraph, accounts show Sir Patrick held 404,201 shares when he resigned in 2018 – worth £6.1 million at today’s price.
Is Sir Patrick's GSK shares a conflict of interest?
Health Secretary Matt Hancock has denied that Sir Patrick’s shares in GSK present a conflict of interest. Speaking to LBC, Hancock said it was wrong to suggest that Sir Patrick was ‘doing anything other than his level best to try and tackle this virus’.
How much money did Crenshaw get from oil companies?
Representative Crenshaw has received $200,000 from oil and gas companies. But when Congress was preparing to bail out businesses during the coronavirus crisis, Crenshaw stood up for his donors. He led a delegation which requested that oil and gas companies pay reduced royalties to the Interior Department.
How much money did Thom Tillis get from the NRA?
The other Republican North Carolina senator has also received major windfalls from the NRA. Tillis received over $4 million from the gun rights advocacy group. CEOs of major energy and pharmaceutical companies have also lined Thom Tillis’ coffers.
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.
Why did Matt Gaetz wear a gas mask?
The Florida congressman who made headlines when he mockingly wore a gas mask to make fun of those concerned about the spread of the coronavirus is funded in part by the NRA. In 2016, a SuperPAC supporting Matt Gaetz received a $100,000 check from a Houston oil company as well.
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 money did Bill Cassidy get from the NRA?
Bill Cassidy. Flickr/Gage Skidmore. The Louisiana senator received $2.8 million in funding from the NRA. But he also received $200,000 from oil and gas companies, according to the Center for Responsive Politics.
How much did Amgen donate to the Capitol?
Overall, the sector donated $14 million. The breadth of the spending highlights the drug industry’s continued clout in Washington.
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 ...
How many seats does the Georgia Democratic Party control?
But after a pair of January runoff elections in Georgia, Democrats control the chamber: Their 50 seats, plus the tie-breaking vote of Vice President Kamala Harris, give the party a razor-thin majority.
Did the pharmaceutical industry spend money on winning candidates?
As was the case in state legislatures, the pharmaceutical industry was remarkably effective when it came to spending money on winning candidates. Very few candidates who accepted drug industry cash ended up losing reelection. Many donations targeted Republican senators at risk of losing their seats, like Tillis.
Can corporations donate to 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.
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.
Moderna mRNA vaccine
The vaccine produced by the US biotech firm, based in Massachusetts, must be stored at freezer temperature (-20C). The UK has ordered 17m doses, the EU bought 310m with an option for a further 150m in 2022, while the US government ordered 300m shots. Japan purchased 50m shots.
Johnson & Johnson Adenovirus vaccine
J&J’s jab, the world’s first single-shot Covid-19 vaccine, was developed by its Janssen division in Belgium. It uses adenovirus-26, a rare variant of cold virus. It was approved in the US in late February and can be stored at standard fridge temperatures for at least three months.
AstraZeneca Adenovirus vector vaccine
The vaccine developed with Oxford University uses a modified chimpanzee cold virus and can be kept at fridge temperature. Viral vector vaccines use a harmless virus to deliver a piece of genetic code to cells. Big orders have come from the UK (100m), the EU (up to 400m), the US (300m) and Japan (£120m).
Sinovac Inactivated virus vaccine
The CoronaVac jab has been administered for emergency use in several Chinese cities since last summer, and was approved by China’s regulator in early February. Sinovac, which is based in Beijing, has struck deals with Brazil, Chile, Singapore, Malaysia and the Philippines.
Novavax Recombinant protein vaccine
The Novavax vaccine uses a small fragment of a lab-made version of the Sars-CoV-2 spike protein. The US firm hopes for regulatory approval in the UK, US and other countries in the first half. The company has been researching vaccines for more than 30 years and has never before had a jab approved.
CureVac mRNA vaccine
CureVac expects to publish late-stage results for its CVnCov vaccine in April and hopes to gain EU approval by June. The EU has pre-ordered 225m doses with the option to buy a further 180m. Unlike other mRNA vaccines, CureVac’s shot can be stored at fridge temperature.
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.
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.
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.