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Sanofi's market capitalization is $100B ... would any $ the company makes on a cheap, low-margin generic drug affect its share price in any meaningful way? https://twitter.com/NGrossman81/status/1247364210260131841
Yup. And Trump’s “small interest” is held indirectly, through mutual funds. And numerous companies make this generic. NYT fanning flames over nothing. https://twitter.com/ionagael1993/status/1247366553160626176?s=21 https://twitter.com/ionagael1993/status/1247366553160626176
In addition to donating his $100,000 quarterly salary, I hereby *demand* that Trump give away the 77 cents he is poised to earn through holding mutual funds that hold stakes in Sanofi.
As I dig into it, the reporting looks worse and worse. NYT says that Trump owes shares in a mutual fund (Dodge & Cox), and its "largest holding" is in Sanofi.
Oddly, the NYT doesn't mention that the fund has a diversified portfolio and that Sanofi is less than 3% of its assets.
Oddly, the NYT doesn't mention that the fund has a diversified portfolio and that Sanofi is less than 3% of its assets.
The Trump disclosures show that his family trusts earn small amounts of income from the Dodge & Cox mutual fund ($1,000 - $15,000): https://oge.app.box.com/s/e32qrrfvyxk9cgrvteo7diicwd11pac4
So, the "scandal" is that several family trusts hold small stakes in mutual funds, over which Trump has no investment authority, and those mutual funds hold tiny stakes in Sanofi.
This is why I'm so skeptical about political journalism these days. Garbage reporting.
This is why I'm so skeptical about political journalism these days. Garbage reporting.
even George Conway won’t touch this nonsense.
