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India Lifts Ban on Hydroxychloroquine to the U.S. as Confusion Mounts Around Trump’s Investment in a Major HCQ Company

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  • India will now partially lift a hydroxychloroquine ban after it said Saturday that it would enact that ban to keep domestic stores from depleting.
  • The ban reportedly cut off nearly half of the United States’ supply of hydroxychloroquine, and Monday night, President Donald Trump threatened to retaliate.
  • Also regarding hydroxychloroquine, #Sanofi trended on Twitter Tuesday after the New York Times reported that Trump had a “small” investment in the company, which makes the drug.
  • Despite many online believing this to be a major cash grab by the president, those holdings are likely less than $1,000.

India Agrees to Export Limited HCQ

Hours after President Donald Trump threatened retaliation, India lifted its recent ban on all hydroxychloroquine exports as demand for the drug surges.

Late last month, India implemented a partial ban on hydroxychloroquine exports; however, it said it would still honor existing contracts and certain shipments on humanitarian grounds on a case-by-case basis. On Saturday, India took that measure one step further by implementing a total ban on hydroxychloroquine exports. 

The move was reportedly an attempt to protect domestic stocks, especially as hydroxychloroquine gains attention all over the world. 

“Like any responsible government, our first obligation is to ensure that there are adequate stocks of medicines for the requirement of our own people,” a spokesperson for India’s Ministry of External Affairs said.

India is one of the world’s largest pharmaceutical producers and is a major manufacturer of hydroxychloroquine.

As of Tuesday, it has recorded just over 5,100 cases of COVID-19, according to John Hopkins University. That’s compared to India’s massive population of 1.3 billion. While the number of infected people is likely already much higher than what’s being reported, India is also bracing for a potential surge.

The Trump Administration has heavily promoted hydroxychloroquine despite reservations from doctors wanting to make sure it’s safe and effective first. Still, the U.S. has been preparing by stockpiling the drug. Part of that has included buying it from India; however, that ban reportedly cut off half of the U.S. supply of hydroxychloroquine.

On Saturday, the same day as that total ban, Trump said he had spoken with Indian Prime Minister Narendra Modi and had appealed for the release of shipments the US has already ordered. Trump also noted that India was giving the request “serious consideration.”

By Monday night, Trump ramped up that pressure, saying, “I spoke to him Sunday morning, called him, and I said we’d appreciate your allowing our supply to come out. If he doesn’t allow it to come out, that would be OK, but of course, there may be retaliation. Why wouldn’t there be?” 

Hours later, India announced that it had enough hydroxychloroquine pills for a domestic supply and that it would partially lift the drug’s export ban.

“Given the enormity of the COVID19 pandemic, India has always maintained that the international community must display strong solidarity and cooperation,” the spokesperson for India’s Ministry of External Affairs said.

“In view of the humanitarian aspects of the pandemic, it has been decided that India would licence paracetamol and HCQ in appropriate quantities to all our neighbouring countries who are dependent on our capabilities.”

“We will also be supplying these essential drugs to some nations who have been particularly badly affected by the pandemic,” he added, though he didn’t refer to Trump or the U.S. specifically. “We would therefore discourage any speculation in this regard or any attempts to politicise the matter.”

Trump’s “Small” Stake in Sanofi 

Hydroxychloroquine also made headlines Tuesday after a report from The New York Times led to confusion about Trump’s investment in a company that makes the drug.

“If hydroxychloroquine becomes an accepted treatment, several pharmaceutical companies stand to profit, including shareholders and senior executives with connections to the president,” the article about Trump’s aggressive advocacyfor the drug mentioned several paragraphs down.

“Mr. Trump himself has a small personal financial interest in Sanofi, the French drugmaker that makes Plaquenil, the brand-name version of hydroxychloroquine.” 

“As of last year, Mr. Trump reported that his three family trusts each had investments in a Dodge & Cox mutual fund, whose largest holding was in Sanofi,” the article read several more paragraphs lower. 

#Sanofi then began trending on Twitter, with many people believing that Trump stood to gain serious cash from his investments in Sanofi. 

“1. Trump is relentlessly pushing hydroxychloroquine for #COVID19,” one person tweeted. “2. Sanofi manufactures the brand-name version of hydroxychloroquine. 3. Just guess what comes next…”

Others were angry at the New York Times because these investments weren’t the focus of the article. Because of that, they accused the New York Times of burying the lede.

However, it seems The New York Times might have put that mention so low for a reason. According to Business Insider headline on the situation, “Trump has a distant financial link to a pharma giant that makes the drug he’s been pushing to fight COVID-19 — but it’s probably worth less than $1,000.”

Business Insider then goes on to explain that each of Trump’s three family funds are valued between $1,000 and $15,000. Those funds are managed by JP Morgan, with Trump not providing any input.

According to data from December, those funds have Sanofi holdings at 2.9%. Using that information, Business Insider then calculates that at most, Trump has an investment of $1,305, and at minimum, his investment is $87. 

Even though The New York Times calls it a “small” investment, such a number is probably a lot less than most people would imagine. Without seeing any extra context, however, those lines from The New York Times likely led many to believe that Trump has been touting hydroxychloroquine as a business move. 

See what others are saying: (The Wall Street Journal) (The Guardian) (Business Insider)

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Skepticism Emerges After Russia Approves First Covid-19 Vaccine

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  • Russian President Vladimir Putin announced that Russia has developed a coronavirus vaccine, and officials in the country anticipate that tens of thousands of people will receive it in the next few months.
  • Russia is planning a mass rollout of the vaccine in October, with teachers and healthcare workers having the ability to volunteer to get it even sooner.
  • However, health officials are concerned that Russia rushed through the vaccine process, as the vaccine has not been through Phase 3 trials. That months-long process involves testing thousands of individuals and is considered essential in developing a vaccine.
  • Others have also expressed skepticism over the vaccine as Russia has yet to release data from its initial clinical trials.

Russia Announces Vaccine

President Vladimir Putin announced Tuesday that Russia has developed a coronavirus vaccine, prompting concerns from health officials who believe the country’s process in doing so was rushed and lacked crucial tests. 

“A vaccine against coronavirus has been registered for the first time in the world this morning,” Putin said while delivering the Tuesday announcement. “I know that it works quite effectively, it forms a stable immunity.”

The vaccine, which has been dubbed “Sputnik V,” was developed by The Gamaleya Institute and was funded by the Russian Direct Investment Fund. Officials say there could be a mass rollout for it in October, but prioritized individuals like teachers and healthcare workers could volunteer to get it sooner. Tens of thousands are expected to receive the vaccine in the next few months. One of his daughters has already received it.

“Of course, what counts most is for us to be able to ensure the unconditional safety of the use of this vaccine and its efficiency in the future. I hope that this will be accomplished,” Putin added in his address. 

As the Associated Press explained, this vaccine uses a different virus, the common cold-causing adenovirus, and modifies it to carry genes for the “spike” protein that coats the coronavirus. Scientists in China and the U.K. are working on a similar vaccine.

However, Russia approved the vaccine before it ever went through Phase 3 trials, which is a crucial step that involves administering the vaccine to thousands of people. Phase 3 trials could last for months, and while Russia said they will be conducting them and doing trials in countries like the UAE, Saudi Arabia, the Philippines, and maybe Brazil, the vaccine will still be offered to volunteers who want it in the meantime. 

Health Officials Express Concern

Health experts fear that distributing the vaccine before Phase 3 results are in could be dangerous. They fear Russia was racing to be the first country to offer up a vaccine, as Putin has previously said he wanted one by September. 

According to the AP, human trials started back in June with 76 volunteers, half of which were injected with a liquid vaccine and the other half given on in the form as a soluble powder. Some of those volunteers were recruited from the military, prompting concerns that they may not have been volunteers at all, and were actually pressured into participating. 

“Normally you need a large number of people to be tested before you approve a vaccine. I think it’s reckless to do that if lots of people haven’t already been tested,” Peter Kremsner, an expert at Germany’s University Hospital in Tuebingen told Reuters.

Kremsner was not alone, other health officials told Reuters that releasing a vaccine at this stage is “unethical” and could lead to the pandemic only being worsened. On top of this lack of testing, Russia has also not released any data from its initial clinical trials. 

“It is not possible to know if the Russian vaccine has been shown to be effective without submission of scientific papers for analysis,” Keith Neal, a specialist in the epidemiology of infectious diseases at Britain’s Nottingham University said in a statement. 

Vaccine Response from U.S. Leaders

Even before Russia touted its new vaccine, there were concerns about how the country was developing it. While testifying to Congress in July, Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases, said he was worried about a lack of testing. 

“I do hope that the Chinese and the Russians are actually testing the vaccine before they are administering the vaccine to anyone,” he said. “Because claims of having a vaccine ready to distribute before you do testing is, I think, problematic at best.” 

Since Russia’s announcement, other U.S. officials have also expressed their fears. Secretary of Health and Human Services, Alex Azar criticized the pace at which it was produced while speaking with Good Morning America on Tuesday. 

“The point is not to be first with a vaccine, the point is to have a vaccine that is safe and effective for the American people and the people of the world,” he said. “We need transparent data, and it’s gotta be Phase 3 data.” 

Azar’s remarks line up with statements recently made by Food and Drug Administration Commissioner Stephen Hahn.

“Let me assure you that we will not cut corners,” Hahn said while speaking to the American Medical Association on Monday. “All of our decisions will continue to be based on good science and the same careful deliberative processes we have always used when reviewing medical products.”

Vaccine Hesitancy in the United States

Releasing a vaccine too early could lead to a number of consequences. Say the process was rushed and the vaccine is ineffective or dangerous, it could lead to people being too nervous to get one when it is actually safe to do so. Reservations about a coronavirus vaccine are widespread, and go further than just the usual anti-vaxx crowd. 

Polling on the subject shows scattered numbers, but most indicate that many are uninterested or paranoid when it comes to a COVID-19 vaccine. An August Gallup poll found that if a free FDA approved vaccine were ready today, one in three Americans would still refuse it. Polling from Yahoo and YouGov shows that back in May, 55% of U.S. adults planned on getting vaccinated, but by the end of July, that fell to 42%.

See what others are saying: (Washington Post) (Wall Street Journal) (Business Insider)

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Lebanon’s Government Resigns Following Beirut Explosion Protests

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  • On Monday, the Prime Minister of Lebanon announced that he and his cabinet were resigning following a weekend of huge protests in Beirut.
  • Thousands of people took to the streets, calling for the government to resign after an explosion last week killed 200 and injured over 6,000 others. The explosion was believed to have been caused by a chemical stockpile that the government knew existed.
  • Protesters threw rocks and other projectiles, clashing violently with police who responded by firing tear gas and rubber bullets.
  • The protesters view the explosion as symbolic of years of government corruption, but many experts say the resignations will do little to change the country’s political system without widespread reforms.

Lebanese Government Steps Down

Lebanese Prime Minister Hassan Diab announced Monday that his government was resigning following the massive explosion that shook the capital city of Beirut last week.

Speaking in a televised statement, Diab said that the explosion was the result of “endemic corruption” and that he was “heeding people’s demand for real change. Today we will take a step back in order to stand with the people.” 

The explosion, which killed 200 people and injured 6,000 others, is believed to have been caused by a fire that set off 2,750 tons of ammonium nitrate stored in a warehouse at the port. It has since been confirmed that many government officials knew about the dangerous stockpile for years and did nothing to address it.

The move follows a weekend of protests, where thousands of demonstrators took to the streets to call for the government to resign. 

For many, the explosion was seen as yet another result of years of government corruption and mismanagement by the country’s ruling elite, who have been lining their own pockets while other people suffer. 

Even before the blast, Lebanon was experiencing its worst economic crisis in decades as well as surging coronavirus cases. Both factors contributed to an already heighten distrust in the government that has only been augmented by the explosion.

Protests Break Out

Those sentiments appeared to boil over as protests over the weekend rocked the capital.

Droves of protesters gathered in downtown Beirut on Saturday, where some set up mock gallows and they hung cardboard cutouts of top politicians. Others chanted “The people want the fall of the regime,” and “Revolution! Revolution!” as they marched in the streets.

Confrontations broke out between protesters and police after demonstrators threw rocks at security forces who responded by firing tear gas and rubber bullets. There were also some reports of security forces firing live rounds and protesters throwing fireworks, Molotov cocktails, and other projectiles at police.

Fires burned in the streets and protesters stormed three government ministries, even taking over the Foreign Ministry for a few hours before the army reclaimed the building.

The anti-government protests continued Sunday, and again police fired tear gas at rock-throwing demonstrators who were blocking a road near Parliament. Lebanese TV footage also showed a fire breaking out at an entrance to Parliament Square as protesters tried to break into a sectioned-off area.

Also on Sunday, international leaders met at a virtual summit where they pledged $298 million to help Lebanon in the aftermath of the blast. According to reports, French President Emmanuel Macron’s office said that while the aid was unconditional and would be given out regardless of political or institutional reforms, other pledges for longer-term support would depend on government reforms.

Lebanese officials have said the explosion caused upwards of $15 billion in economic losses.

Next Steps

Despite the fact that the resignation of the cabinet appears to heed the protesters’ calls, experts have warned that the move will result in more short-term political instability, but it is unlikely to create any long-term change.

“Not only do we have an absence of government and a political vacuum, but we’re going to have a severe problem with the function of the state of Lebanon,” Imad Salamey, a political scientist at Lebanese American University in Beirut told the Wall Street Journal. “We are heading toward the unknown.”

While the ministers have resigned, they are not gone. Instead, they will create a caretaker government that will exist until a new one is established, allowing them to “form the backbone of a new administration,” as The Guardian explains.

According to reports, the protesters, who continued their demonstrations on Monday, did not widely cheer Diab’s announcement.

For them, this is more of the same. Diab and his cabinet had been the political figures ushered in after a similar wave of anti-government protests prompted the former prime minister to step down in October.

After months of haggling, Diab and his government assumed power in January. Eight months later, he now leaves his people even worse off than before.

See what others are saying: (The Wall Street Journal) (The Guardian) (Al Jazeera)

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Hong Kong Crackdown: Police Arrest High-Profile Media Tycoon, Then Raid His Newspaper’s Office

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  • On Monday, Police in Hong Kong arrested billionaire media tycoon Jimmy Lai, a long-time outspoken critic of the Chinese Communist Party. They also arrested his two sons and at least seven others the same day. 
  • All ten are accused of colluding with foreign forces, and under Hong Kong’s new national security law, they could face up to life in prison. 
  • Following those arrests, hundreds of Hong Kong police raided Lai’s newspaper, the pro-democracy Apple Daily, and rifled through documents before seizing 25 boxes of materials.
  • Also on Monday, China issued retaliatory sanctions against 11 U.S. citizens—including Sens. Ted Cruz, Marco Rubio, Tom Cotton, Josh Hawley, and Pat Toomey—though it is unclear what those sanctions entail.

Arrest of Jimmy Lai and Newsroom Police Raid

The Hong Kong police force used the city’s new national security law on Monday to make their most-high profile arrest yet under the legislation.

It began when police stormed the offices of Next Digital, a media company owned by billionaire activist Jimmy Lai. Lai is also known for being the publisher for the Apple Daily, a pro-democracy outlet that is one of the most-read newspapers in Hong Kong.

Photographs show officers escorting Lai outside of the offices and placing him in police vehicles. In addition to Lai, officers also arrested his two sons, as well as at least seven others. Four of those reportedly include senior executives with the Apple Daily. 

Following the arrests, more than 200 officers proceeded to search the Apple Daily’s newsroom. During that raid, which was streamed on Facebook Live by employees, officers reportedly rifled through reporters’ desks and papers, forced employees to show their ID badges, and told them to stop filming.

By the end of the search, police had confiscated more than 25 boxes of materials.

Hong Kong’s Basic Law—its mini-constitution—protects freedom of the press, but the raid immediately raised concerns that officers were seizing information critical of the Chinese Community Party. 

Later, police claimed they took care to protect those media freedoms and that reporters could “continue their work” after the raid; however, that claim has been disputed.

In fact, the Apple Daily outright refuted the claim that media freedoms were protected, saying on Twitter, “The Hong Kong Police Force have blatantly bypassed the law and abused their power, despite claims about acting according to the rules.”

“They have, for instance, ignored the limitation of the search warrant and rifled through news materials, as well as restricting press members from reporting and obstructing a news organization from operating.”

“The regime believes that we will be silenced by intimidation and harassment, and that they can take an international city down the path of autocracy,” the outlet added. “Hong Kong’s press freedom is now hanging by a thread, but our staff will remain fully committed to our duty to defend the freedom of the press.” 

Police later barred several major news outlets, including Reuters and the Associated Press, from attending a press conference regarding the raid.

This is not the first series of arrests that police have made under the national security law. After it went into effect on June 30, several people were arrested during street protests. On July 29, four students in Hong Kong were arrested for “secession” over social media posts they made.

Reportedly, those students range from age 21 to as young as 16.

Alongside those arrests, police also seized  their computers, phones, and other documents.

In a press conference, Senior Superintendent Steve Li Kwai-wah said that all four students are believed to be part of an online group that pledged to fight for Hong Kong independence.

“We have to enforce the laws even if the crimes are committed on the internet,” he said. “Don’t think you can escape from the responsibility in cyberspace and commit crimes.”

Hong Kong Elections Postponed

It’s also not just arrests that threaten basic human freedoms in the city. On July 31, Hong Kong Chief Executive Carrie Lam postponed this year’s upcoming elections for a full year.

Lam has justified the move by saying that this was in response to a resurgence in COVID-19 cases. She called the decision “the most difficult one I have had to make in the past seven months.”

Despite this, a number of pro-democracy lawmakers have accused China of trying to delay the election. That’s because many believed pro-democracy candidates had a strong chance to finally win a majority in the city’s legislature, the Legislative Council. 

Stoking similar criticism of trying to stamp out a democratic win, just two days prior to postponing the elections, the Hong Kong government announced that 12 pro-democracy candidates running for seats in the city’s legislature had been barred.

The government has argued that those candidates can’t stand because they would be unable to uphold the Basic Law of Hong Kong based on their positions on issues, such as advocating for democratic reforms and objecting to the national security law.

Those candidates include Joshua Wong and Gwyneth Ho, who were both front-runners in an unofficial democratic primary held earlier in July. Notably, that list also includes four incumbents—right, four already-sitting lawmakers who are up for re-election.

U.S. Sanctions and Chinese Retaliation

As China implements the new law, a number of countries have stepped in to sanction Beijing. 

For example, in the United States, President Donald Trump signed an executive order on Friday that imposes sanctions on 11 Hong Kong officials—including Lam, as well as the city’s current and former police chiefs. 

Trump’s order freezes any U.S. assets owned by those people and bars any Americans from doing business with them. 

That said, the U.S. and China have been playing a game of back-and-forth tag with sanctions for over a year. Thus, it came as little surprise that China retaliated on Monday by slapping sanctions on 11 U.S. citizens.

That list includes executives with human rights activist groups, as well as several lawmakers like Sens. Ted Cruz (R-Tx.), Marco Rubio (R-Fl.), Josh Hawley (R-Mo.), Tom Cotton (R-Ar.), and Pat Toomey (R-Pa.).

Unlike the U.S. sanctions, it’s unclear what those sanctions entail. Announcing the sanction, the deputy director of China’s Ministry of Foreign Affairs criticized the U.S. for involving itself in what he called domestic affairs.

“The [sanctions] by the US side are an overt interference in Hong Kong affairs and gross interference in China’s domestic affairs…” Deputy Director Zhao Lijian said. “The Chinese side resolutely opposes and strongly condemns this.”

“Retaliate all you want,” Hawley responded on Twitter. “I’m not backing down.”

See what others are saying: (NPR) (CNBC) (South China Morning Post)

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