How many politicians bought Pfizer stock?
PFIZER (NYSE: PFE) is owned by 66.83% institutional shareholders, 0.26% PFIZER insiders, and 32.91% retail investors. Vanguard Group Inc is the largest individual PFIZER shareholder, …
Which politicians have stock in Pfizer?
Dec 14, 2021 · 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.
Who owns Pfizer and where is the company based?
Dec 16, 2021 · Legislators who invested in the companies include Illinois Democrat Rep. Marie Newman, New Jersey Democrat Rep. Josh Gottheimer, and Alabama Republican Rep. Mo …
Who are stockholders in Pfizer?
Dec 13, 2021 · At least 75 federal lawmakers held shares of the COVID-19 vaccine makers Moderna, Johnson & Johnson, or Pfizer in 2020, an Insider analysis found. Menu icon. A …
Who owns the majority share of Pfizer?
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 7.83% | 442,214,512 |
| SSgA Funds Management, Inc. | 5.04% | 284,816,832 |
| BlackRock Fund Advisors | 4.83% | 272,567,316 |
| Capital Research & Management Co.... | 4.19% | 236,858,416 |
What stocks are the politicians buying?
- Tesla, Inc. (NASDAQ:TSLA)
- Lowe's Companies, Inc. (NYSE:LOW)
- UGI Corporation (NYSE:UGI)
- Danaher Corporation (NYSE:DHR)
- Wells Fargo & Company (NYSE:WFC)
What is Nancy Pelosi buying in stocks?
Are members of Congress exempt from insider trading?
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.
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 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.
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.
Is OpenSecrets participating in Newsmatch 2021?
OpenSecrets is participating in Newsmatch 2021! Through December 31st, your gift will be matched dollar for dollar, up to $1,000, thanks to our friends at Newsmatch. Support independent journalism today!
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.
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.
Who bought stocks in health care companies before the public option was pulled from the law?
House Majority Leader John Boehner, R-Ohio, boughtstocks in health care companies days before the so-calledpublic option was pulled from the legislation. The removal of the public option proved to be a boon for private health insurers, making a significant sum for Boehner'sinvestments .
How much did the S&P 500 drop in one year?
In fact, in its worst one-year period, the S&P 500 dropped 44.8%. No wonderWarren Buffett has always said his favorite holding period is "forever."
How long does it take for Congress to disclose insider trading?
Not only did it eliminate insider trading, but Congress must now disclose their trades within 45 days after they happen.
Did Nancy Pelosi buy Visa?
According to one report, Pelosi purchased 5,000shares of Visa at theIPO price of $44. Just a couple of days later, when thestock was trading to theinvesting public, it traded at $64 per share.
Do members of Congress buy stocks?
So yes, it appears members of Congress are buying many of the same well-known stocks as everyday investors, who are now holding for shorter periods than ever and hurting returns.
What is stat tool?
STAT’s searchable lawmaker tool allows users to track individual lawmakers and their corporate PAC contributors. Any sitting members of Congress not pictured in the map did not accept any checks from the 25 pharmaceutical industry groups in STAT’s analysis.
What is stat analysis?
STAT’s analysis includes an interactive map that allows readers to visualize contributions between individual drug industry PACs and states, lawmakers, and congressional districts. It builds upon a previous analysis STAT published before the election, and now includes complete records for the 2020 election cycle.
How much did Pfizer donate to the Capitol?
Overall, the sector donated $14 million.
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.
When did Abbvie acquire Allergan?
While AbbVie acquired Allergan in May 2020 , STAT’s analysis considers each company individually for the purposes of analyzing their PACs’ political spending. Similarly, the analysis treats PACs affiliated with Bristol Myers Squibb and Celgene separately, despite the completion of the Bristol Myers Squibb’s acquisition in late 2019. In both cases, the companies operated separate PACs and existed as distinct business entities for much of the 2020 election cycle.
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.
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…