“In a crisis with more than a hundred thousand Americans dead and tens of millions unemployed, White House decisions should be driven by science, rather than by personal profit,” Warren…
, he took his position on Operation Warp Speed as a contractor, which exempts him from strict federal conflict-of-interest requirements and from disclosing “his outside positions, stock holdings, and other potential conflicts.”that he refused to take the Operation Warp Speed role if he had to sell his stock, telling Trump administration officials that “I cannot take the job if I have to sell them.
Slaoui’s stake in GlaxoSmithKline alone is “an egregious conflict of interest given his role leading Operation Warp Speed,” Warren, Blumenthal, and Jayapal write. Slaoui also holds stock in several biotech and pharmaceutical companies that could benefit from the government’s accelerated vaccine-development efforts. And until recently, he had equity valued at more than $10 million in Moderna, a drug company that is conducting clinical trials for a COVID-19 vaccine.
Marc Short, chief of staff to Vice President Pence, owns between roughly $500,000 and $1.6 million worth of individual stocks in companies doing work related to the Trump administration’s pandemic response, according toOf those holdings, Short and his wife own stock worth between $101,000 and $340,000 in Johnson & Johnson, Pfizer, and Merck — three of the five companies selected by the Trump administration as finalists for a COVID-19 vaccine candidate.
“Because the Vice President is in a key decision-making role as leader of the Trump administration’s COVID-19 task force, it is unacceptable for his Chief of Staff to have a financial stake in companies that could profit based on actions taken in response to the COVID- 19 pandemic, whether in the development of vaccines or any other component of the response,” Warren, Blumenthal, and Jayapal write.
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