India Lifts Ban on Hydroxychloroquine to the U.S. as Confusion Mounts Around Trump’s Investment in a Major HCQ Company
- 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 advocacy” for 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)
95-Year-Old Woman Dies After Police Tases Her in Nursing Home
The officer involved was suspended with pay and charged with assault.
A 95-year-old Australian woman whom police tasered in a nursing home last week has reportedly died from her injuries.
Clare Nowland, who had dementia and required a walking frame to stand up and move, was living at the Yallambee Lodge in Cooma in southeastern Australia.
At about 4:15 a.m. on May 17, police and paramedics responded to a report of a woman standing outside her room with a steak knife.
They encountered Nowland, then reportedly tried to negotiate with her for several minutes, but she didn’t drop the knife.
The five-foot-two, 95-pound woman walked toward the two officers “at a slow pace,” police said at a news conference, so one of them tasered her.
She fell to the floor and reportedly suffered a fractured skull and a severe brain bleed, causing her to be hospitalized in critical condition.
Nowland passed away in a hospital surrounded by her family, the New South Wales police confirmed in a statement today.
After a week-long investigation, the police force also said that the senior constable involved would appear in court next week to face charges of recklessly causing grievous bodily harm, assault occasioning actual bodily harm, and common assault.
NSW police procedure states that tasers should not be used against elderly or disabled people absent exceptional circumstances.
Following the incident, community members, activists, and disability rights advocates expressed bewilderment and anger at what they called an unnecessary use of force, and some are now questioning why law enforcement took so long to prosecute the officer involved.
See what others are saying: (Reuters) (The New York Times) (CNN)
U.K. Police Face Backlash After Arresting Anti-Monarchy Protesters
London Mayor Sadiq Khan said that some of the arrests “raise questions” and “investigations are ongoing.”
The Public Order Act
A controversial protest crackdown law in the U.K. is facing criticism after dozens of anti-monarchy protesters were arrested during the coronation ceremony in London over the weekend.
The law, dubbed the “Public Order Act” was passed roughly a week ahead of the coronation for King Charles III. It gives police more power to restrict protesters and limits the tactics protesters can use in public spaces. It was condemned by human rights groups upon its passing, and is facing a new round of heat after 52 people were arrested over coronation protests on Saturday.
In a statement, the Metropolitan Police said protesters were arrested for public order offenses, breach of the peace and conspiracy to cause a public nuisance. The group said it gave advance warning that its “tolerance for any disruption, whether through protest or otherwise, will be low and that we would deal robustly with anyone intent on undermining the celebration.”
It is currently unclear how many of those arrested were detained specifically for violating the Public Order Act, however, some of those arrested believe the new law was used against them.
“Make no mistake. There is no longer a right to peaceful protest in the UK,” Graham Smith, the CEO of anti-monarchy group Republic tweeted after getting arrested. “I have been told many times the monarch is there to defend our freedoms. Now our freedoms are under attack in his name.”
An Attempt to “Diminish” Protests
During a BBC Radio interview, Smith also said he believes the dozens of arrests were premeditated.
“There was nothing that we did do that could possibly justify even being detained and arrested and held,” Smith claimed.
“The whole thing was a deliberate attempt to disrupt and diminish our protest.”
Yasmine Ahmed, the U.K. Director of Human Rights Watch, also tweeted that the arrests were “disgraceful.”
“These are scenes you’d expect to see in Russia not the UK,” she wrote.
When asked about the controversy, Prime Minister Rishi Sunak told reporters officers should do “what they think is best” in an apparent show of support for the Metropolitan Police.
For his part, London Mayor Sadiq Khan said he is looking into the matter.
“Some of the arrests made by police as part of the Coronation event raise questions and whilst investigations are ongoing, I’ve sought urgent clarity from Met leaders on the action taken,” Khan tweeted.
See what others are saying: (The Guardian) (CNN) (The Washington Post)
Foreign Nationals Make Mad Dash out of Sudan as Conflict Rages
The conflict’s death toll has surpassed 420, with nearly 4,000 people wounded.
As the 10-day-long power struggle between rival generals tore Sudan apart, foreign governments with citizens in the country scrambled to evacuate them over the weekend.
On Sunday, U.S. special forces landed in the capital Khartoum and carried out nearly 100 American diplomats along with their families and some foreign nationals on helicopters.
An estimated 16,000 Americans, however, remain in the country and U.S. officials said in a statement that a broader evacuation mission would be too dangerous.
Christopher Maier, the assistant secretary of defense for special operations and low-intensity warfare, said in a statement that the Pentagon may assist U.S. citizens find safe routes out of Sudan.
“[The Defense Department] is at present considering actions that may include use of intelligence, surveillance and reconnaissance capabilities to be able to observe routes and detect threats,” he said.
Germany and France also reportedly pulled around 700 people out of the country.
More countries followed with similar efforts, including the United Kingdom, Italy, Spain, the Netherlands, Canada, China, Saudi Arabia, Lebanon, and Indonesia.
Yesterday, a convoy carrying some 700 United Nations, NGO, and embassy staff drove to Port Sudan, a popular extraction point now that the airport in Khartoum has closed due to fighting.
Reports of gunmen prowling the capital streets and robbing people trying to escape, as well as looters breaking into abandoned homes and shops, have persuaded most residents to stay indoors.
Heavy gunfire, airstrikes, and artillery shelling have terrorized the city despite several proposed ceasefires.
Over the weekend, the reported death toll topped 420, with nearly 4,000 people injured, though both numbers are likely to be undercounted.