Corporate Corruption News Articles

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Billions of dollars in Covid aid cushioned financial losses caused by the pandemic at some of the nation's largest hospital chains. But those bailouts also helped sustain the big chains' spending sprees as they expanded even more by scooping up weakened competitors and doctors' practices. More consolidation by several major hospital systems enhanced their market prowess in many regions of the United States, even as rural hospitals and underserved communities were overwhelmed with Covid patients and struggled to stay afloat. The buying spree is likely to prompt further debate and scrutiny of the Provider Relief Fund, a package of $178 billion in congressional aid that drew sharp criticism early on for allocating so much to the wealthiest hospital systems, and that had no limits on mergers and acquisitions. "It was not the intent to be a capital infusion to the largest and most financially stable providers to allow them to simply grow their slice of market share," said Representative Katie Porter. Major employers had warned Congress that bailouts to the health care industry could spur even more consolidation and lead to price-gouging in medical care. Some of the nation's most powerful hospital chains, experts cautioned, would take advantage of the crisis, resulting in even higher prices for medical care. The big well-resourced hospitals had, frankly, a banner year, and they are now in a position to swallow up these smaller, more vulnerable groups.

Note: For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus and health from reliable major media sources.

Covid-19 vaccines have created at least nine new billionaires after shares in companies producing the shots soared. Topping the list of new billionaires are Moderna CEO Stéphane Bancel and Ugur Sahin, the CEO of BioNTech, which has produced a vaccine with Pfizer (PFE). Both CEOs are now worth around $4 billion, according to an analysis by the People's Vaccine Alliance, a campaign group that includes Oxfam, UNAIDS, Global Justice Now and Amnesty International. Senior executives from China's CanSino Biologics and early investors in Moderna have also become billionaires on paper as shares skyrocketed, partly in expectation of profits earned from Covid vaccines, which also bode well for the companies' future prospects. Moderna's share price has gained more than 700% since February 2020, while BioNTech has surged 600%. CanSino Biologics' stock is up about 440% over the same period. The company's single-dose Covid-19 vaccine was approved for use in China in February. Activists said the wealth generation highlighted the stark inequality that has resulted from the pandemic. The nine new billionaires are worth a combined $19.3 billion. According to the World Health Organization, 87% of vaccine doses have gone to high- or upper middle-income countries, while low income countries have received just 0.2%. In a paper published Friday, IMF chief economist Gita Gopinath said that vaccinating 60% of the global population by mid-2022 would cost just $50 billion.

Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines and income inequality from reliable major media sources.

The drug that buoyed expectations for a coronavirus treatment and drew international attention for Gilead Sciences, remdesivir, started as a reject. To make progress, Gilead needed help from U.S. taxpayers. Lots of help. Three federal health agencies were deeply involved in remdesivir’s development every step of the way, providing tens of millions of dollars of government research support. Federal agencies have not asserted patent rights to Gilead’s drug. That means Gilead will have few constraints other than political pressure when it sets a price. “Without direct public investment and tax subsidies, this drug would apparently have remained in the scrapheap of unsuccessful drugs,” Rep. Lloyd Doggett (D-Tex.) ... said earlier this month. Doggett and Rep. Rosa L. DeLauro (D-Conn.) have asked Health and Human Services Secretary Alex Azar for a detailed financial accounting of federal support for remdesivir’s discovery and development. Watchdog groups ... have documented the large taxpayer-funded contributions toward the drug. Public Citizen estimates public investment at a minimum of $70 million. An independent organization that measures the cost-effectiveness of drugs said Gilead could be justified in charging up to $4,500 for a 10-day course of treatment for a single coronavirus patient. But advocates, citing a study by academic researchers on what it costs to make the drug, have said Gilead could break even by charging $1 per dose.

Note: According to this CNBC article Gilead is charging from $2,000 to $3,120 per patient despite huge subsidies. Gilead is the same company which developed Tamiflu and licensed it to Roche. Aggressive sales of Tamiflu to governments around the world brought profits of over $1 billion yet almost none of the doses sold were ever used, as described in this Reuters article. The study that is being used to tout Remdesivir was conducted by none other than Gilead. Could there be conflict of interest here? For more, see summaries of revealing news articles on big Pharma corruption.

The first trial against a pharmaceutical opioid manufacturer started Tuesday in Oklahoma in what could be a precedent-setting case for hundreds of other claims around the country. The state's attorney general, Mike Hunter, began the day by accusing Johnson & Johnson of putting profits over responsibility and argued that the company was responsible for the "worst man-made public health crisis in the history of our state and country." In the multibillion-dollar lawsuit against the drugmaker, lawyers for the state argued that Johnson & Johnson knew about the addictive nature of opioids, but misled doctors by downplaying the risks of the drugs while touting its benefits. Brad Beckworth, a lawyer for Oklahoma, argued that Johnson & Johnson was motivated to increase sales on multiple fronts as both the manufacturer of the drugs Duragesic and Nucynta and as a supplier of the raw materials for other opioid manufacturers. He argued that a marketing push by Johnson & Johnson lead doctors to overprescribe opioids in Oklahoma. If you oversupply, people will die, Beckworth repeatedly said in his opening statement while showing email communications from Johnson & Johnson sales representatives. Oklahoma settled with two other drug manufacturers before Tuesdays opening statements. In March, Purdue Pharma settled for $270 million, and on Sunday, Teva Pharmaceuticals settled for $85 million, leaving Johnson & Johnson as the sole defendants in what could a monthslong bench trial.

Note: Many doctors also profited from excessive prescribing of dangerous opioids. And according to a former DEA agent, Congress helped drug companies fuel the opioid epidemic. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.

A plot of Wall Street interests to overthrow President Roosevelt and establish a Fascist dictatorship, backed by a private army of 500,000 ex-soldiers and others, was charged by Major Gen. Smedley D. Butler, retired Marine Corps officer, who appeared yesterday before the House of Representatives Committee on Un-American Activities, which began hearings on the charges. [The committee] heard testimony from General Butler and Gerald P. Maguire, a bond salesman in the Stock Exchange firm of Grayson M.P. Murphy & Co., 52 Broadway, named by General Butler as having urged him to head the proposed Fascist army. There were immediate emphatic denials by the purported plotters. From Philadelephia came word that General Butler had told friends there that General Hugh S. Johnson, former NRA administrator, was scheduled for the role of dictator, and that J. P. Morgan & Co. as well as Murphy & Co. were behind the plot.

Note: General Butler, who was greatly loved by his troops, only discovered how he and his troops had been used by Wall Street bankers after retiring from the military. As a result, he wrote a seminal book titled "War is a Racket" for which you can find an excellent summary on this webpage. Explore a suppressed book on this titled "The Plot to Seize the White House." For more along these lines, see concise summaries of deeply revealing news articles on war from reliable major media sources. Then explore the excellent, reliable resources provided in our War Information Center.

RTX Corporation, the weapons giant formerly (and better) known as Raytheon, agreed on Wednesday to pay almost $1 billion to resolve allegations that it defrauded the U.S. government and paid bribes to secure business with Qatar. RTX, as part of this agreement that spanned multiple investigations into its business, admitted to engaging in two separate schemes to defraud the Defense Department, which included deals for a radar system and Patriot missile systems. "The Raytheon allegations are stunning, even by the lax standards of the arms industry," [said William Hartung with the Quincy Institute for Responsible Statecraft]. "Engaging in illegal conduct on this scale suggests that, far from being an aberration, this behavior may be business as usual for the company." Raytheon has been ... embroiled in scandals and malfeasance for decades. The company pleaded guilty to "illegally trafficking in secret military budget reports" (1990); paid $4 million to settle charges that it overbilled the Pentagon (1994); paid $10 million to settle a class-action lawsuit contending that its Amana unit sold defective furnaces and water heaters (1997); paid $2.7 million to settle allegations that it improperly charged the Pentagon for expenses incurred in marketing products to foreign governments (1998); [and] agreed to pay a $25 million civil penalty to resolve State Department charges that the company violated export controls (2003).

Note: Learn more about unaccountable military spending in our comprehensive Military-Intelligence Corruption Information Center. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

TD Bank will pay $3 billion to settle charges that it failed to properly monitor money laundering by drug cartels. The fine includes a $1.3 billion penalty that will be paid to the US Treasury Department's Financial Crimes Enforcement Network, a record fine for a bank. TD also intends to pay $1.8 billion to the US Justice Department and plead guilty to resolve the US government's investigation that the bank violated of the Bank Secrecy Act and allowed money laundering. More than 90% of transactions went unmonitored between January 2018 to April 2024, which "enabled three money laundering networks to collectively transfer more than $670 million through TD Bank accounts," according to a legal filing. In one instance, TD Bank employees collected more than $57,000 worth of gift cards to process more than $470 million in cash deposits from a money laundering network to "ensure employees would continue to process their transactions" and not declare them in required reports, the DoJ said. The Office of the Comptroller of the Currency (OCC), a US agency that regulates banks, said TD processed hundreds of millions of dollars of transactions the clearly indicated highly suspicious activity. The Canadian bank will be subject to four years of monitoring [to] ensure it is following the agreement. The US Federal Reserve also fined TD Bank and will force the company to relocate to the United States its anti-money laundering compliance office.

Note: Several years ago, Europe's biggest bank was caught laundering millions for cartels and terrorists. For more, read our latest Substack on the dark truth behind the war on drugs.

U.S. private equity firms have bought up producers and distributors of a chemical compound known to cause brain damage, cancer and other illnesses. Blackstone and American Securities LLC, which control assets worth billions of dollars, have in recent years acquired operations in Canada and elsewhere that sell lead chromate, a toxic powder used in paint, on roads and machinery, and even in food. Studies have shown declines in safety practices following private equity investment, including more workplace accidents and deaths. Health experts and others focused on corporate accountability say private equity's expansion into the lead chromate industry is concerning. "These firms set up structures for ownership to have zero legal responsibility for what happens at that company," said Justin Flores, campaign director at the Private Equity Stakeholder Project, a U.S. nonprofit research and advocacy organization. Lead chromate in paint covers parking lots, children's playgrounds, and hospitals from Mexico to Greece, studies show, raising concerns over what happens when the pigment breaks down, leaching lead into dust, soil and water runoff. Earlier this year, the U.S. Food and Drug Administration confirmed that lead chromate was found in cinnamon applesauce pouches that sickened hundreds of children. The tainted applesauce sailed through loopholes and food safety systems around the world.

Note: For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption and toxic chemicals from reliable major media sources.

Texas Attorney General Ken Paxton has won a $1.4 billion settlement from Facebook parent Meta over charges that it captured users' facial and biometric data without properly informing them it was doing so. Paxton said that starting in 2011, Meta, then known as Facebook, rolled out a "tag" feature that involved software that learned how to recognize and sort faces in photos. In doing so, it automatically turned on the feature without explaining how it worked, Paxton said – something that violated a 2009 state statute governing the use of biometric data, as well as running afoul of the state's deceptive trade practices act. "Unbeknownst to most Texans, for more than a decade Meta ran facial recognition software on virtually every face contained in the photographs uploaded to Facebook, capturing records of the facial geometry of the people depicted," he said in a statement. As part of the settlement, Meta did not admit to wrongdoing. Facebook discontinued how it had previously used face-recognition technology in 2021, in the process deleting the face-scan data of more than one billion users. The settlement amount, which Paxton said is the largest ever obtained by a single state against a business, will be paid out over five years. "This historic settlement demonstrates our commitment to standing up to the world's biggest technology companies and holding them accountable for breaking the law and violating Texans' privacy rights," Paxton said.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.

What if your entire economy was based on one product? For all intents and purposes, Denmark quite literally runs on Ozempic, a diabetes medication that is now widely used by consumers to lose weight. Worldwide sales have increased by over 60% in the past year alone. In the United States, which is one of its largest markets, prescriptions for Ozempic and similar drugs quadrupled between 2020 and 2022. At the end of 2023, Novo became the largest company in Europe. And its rise has eclipsed the Danish economy, creating a lot of value on the one hand, but an imbalanced economy on the other. You might have heard of "petrostates," countries where fossil fuel extraction dominates the economy. By that measure, you might call Denmark a pharmastate, because Novo now dominates the Danish economy. Nearly 1 out of every 5 Danish jobs created last year was at Novo. And that's just directly. If you also include the jobs that Novo has created indirectly – like, for example, at its suppliers, or from all the newly wealthy Novo employees spending their money at shops and restaurants – nearly half of all private-sector nonfarm jobs created in Denmark can be traced back to Novo. Novo Nordisk's meteoric trajectory raises a question about economic growth that's much bigger than just Denmark: Namely, what are the risks of having one giant company driving your entire economy? And crucially, what happens if that company's fortunes take a turn for the worse?

Note: The makers of these weight-loss drugs could be hit with over 10,000 lawsuits over severe adverse events from these drugs. It is now estimated that 1 in 8 adults in the US have taken Ozempic or another weight-loss drug. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma profiteering from reliable major media sources.

Amazon has been accused of using "intrusive algorithms" as part of a sweeping surveillance program to monitor and deter union organizing activities. Workers at a warehouse run by the technology giant on the outskirts of St Louis, Missouri, are today filing an unfair labor practice charge with the National Labor Relations Board (NLRB). A copy of the charge ... alleges that Amazon has "maintained intrusive algorithms and other workplace controls and surveillance which interfere with Section 7 rights of employees to engage in protected concerted activity". There have been several reports of Amazon surveilling workers over union organizing and activism, including human resources monitoring employee message boards, software to track union threats and job listings for intelligence analysts to monitor "labor organizing threats". Artificial intelligence can be used by warehouse employers like Amazon "to essentially have 24/7 unregulated and algorithmically processed and recorded video, and often audio data of what their workers are doing all the time", said Seema N Patel ... at Stanford Law School. "It enables employers to control, record, monitor and use that data to discipline hundreds of thousands of workers in a way that no human manager or group of managers could even do." The National Labor Relations Board issued a memo in 2022 announcing its intent to protect workers from AI-enabled monitoring of labor organizing activities.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Tech and the disappearance of privacy from reliable major media sources.

Catherine Herridge – the acclaimed CBS News investigative journalist known for her reporting on the Hunter Biden laptop scandal – accused the network of "journalistic rape" for seizing her files after she was fired during a House Judiciary Committee hearing. "CBS News' decision to seize my reporting records crossed a red line that I believe should never be crossed by any media organization," Herridge said. "Multiple sources said they were concerned that by working with me to expose government corruption and misconduct they would be identified and exposed." Herridge, who had spent nearly five years at the network after being hired away from Fox News, was among 20 CBS News staffers let go as part of a larger purge of 800 employees by Paramount. Judiciary Committee Chair Jim Jordan (R-OH) asked Herridge if she wrote critical stories about Hunter Biden, the laptop, the Biden family, the business operation and the Biden brand. Herridge replied: "I reported out the facts of the story." "You sure did," Jordan said. "You reported the facts and then CBS fired you!" The House Judiciary Committee also heard testimony from former CBS News reporter Sharyl Attkisson, who quit the network in 2014 over claims that CBS killed stories that put then-President Barack Obama in a bad light. Attkisson's told the committee that her critical reporting of the government resulted in her phone being tapped.

Note: While Hunter Biden was indicted for three felony gun charges and nine counts of tax-related crimes, his laptop also revealed suspicious business dealings with corrupt overseas firms. For more, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.

A debate about media bias has broken out at National Public Radio after a longtime employee published a scathing letter accusing the broadcaster of a "distilled worldview of a very small segment of the US population". In the letter published on Free Press, NPR's senior business editor Uri Berliner claimed Americans no longer trust NPR – which is partly publicly funded – because of its lack of "viewpoint diversity." Berliner wrote that "an open-minded spirit no longer exists within NPR, and now, predictably, we don't have an audience that reflects America". Berliner noted that in 2011 the public broadcaster's audience identified as 26% conservative, 23% as middle of the road and 37% liberal. Last year it identified as 11% very or somewhat conservative, 21% as middle of the road, and 67% very or somewhat liberal. "We weren't just losing conservatives; we were also losing moderates and traditional liberals," Berliner wrote. Berliner identified the station's coverage of the Covid-19 lab leak theory, Hunter Biden's laptop and allegations that Donald Trump colluded with Russia in the 2016 election as all examples of how "politics were blotting out the curiosity and independence that ought to have been driving our work". When he brought up [a] survey of newsroom political voter registration at a 2021 all-staff meeting, showing there were no Republicans, he claimed he was met with "profound indifference".

Note: Read Berliner's full article about how NPR misled the public on the most important issues making front page news. For more, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.

A veteran National Public Radio journalist slammed the left-leaning broadcaster for ignoring the Hunter Biden laptop scandal because it could have helped Donald Trump get re-elected. Uri Berliner, an award-winning business editor and reporter at NPR, penned a lengthy essay ... in which he called out his bosses for turning the public radio broadcaster into "an openly polemical news outlet serving a niche audience." "The laptop was newsworthy," Berliner wrote. "But the timeless journalistic instinct of following a hot story lead was being squelched." The Post was the first to reveal the existence of the laptop that Hunter Biden left at a Delaware computer shop. The Post published the contents of emails taken from the laptop, which shed light on Hunter Biden's business dealings in Ukraine and China while his father, Joe Biden, was vice president during the Obama administration. Initially, national security experts and former intelligence officials declared the laptop a hoax and was the product of a Russian disinformation campaign. Social media sites like Twitter even barred its users from sharing links to The Post's reporting. The authenticity of the emails were later confirmed. According to Berliner, NPR's managing editor for news at the time said that the outlet had no interest in "[wasting] our time on stories that are not really stories, and we don't want to waste the listeners' and readers' time on stories that are just pure distractions."

Note: While Hunter Biden was indicted for three felony gun charges and nine counts of tax-related crimes, his laptop also revealed suspicious business dealings with corrupt overseas firms. For more, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.

Government officials covered up the origins of COVID-19 and "forced" the vaccination of millions of people worldwide to "protect the integrity of the bioweapons industry," according to a senior research scientist [at] Yale University. Harvey Risch, M.D., Ph.D. ... provided compelling testimony on what he believes accounts for the "crushingly obsessive push to COVID-vaccinate every living person on the planet." Risch was among the medical experts ... who participated in Monday's Senate roundtable discussion on "Federal Health Agencies and the COVID Cartel: What Are They Hiding?" Risch highlighted circumstantial evidence that COVID-19 "leaked from the Wuhan Institute of Virology" (WIV) in China in fall 2019. There is evidence the virus contains a unique genetic sequence "that also exists in Moderna patents from 2017," while intelligence has "overwhelmingly" indicated the WIV as the source of the virus. According to Risch, "This work and the WIV leak was what I consider to be the fruit of our bioweapons industry that has been performing secretive and nefarious biological weapons development for the last 70 years." Risch said that much of this research was banned in 1975, with the enactment of the United Nations Biological Weapons Convention, which prohibited the development of offensive bioweapons. However, a carve-out in the treaty allows "small quantities of offensive bioweapons ... to be developed in order to do research on vaccine countermeasures."

Note: For more along these lines, see concise summaries of deeply revealing news articles on COVID and government corruption from reliable major media sources.

Plastic producers have known for more than 30 years that recycling is not an economically or technically feasible plastic waste management solution. That has not stopped them from promoting it, according to a new report. "The companies lied," said Richard Wiles, president of fossil-fuel accountability advocacy group the Center for Climate Integrity (CCI), which published the report. "It's time to hold them accountable for the damage they've caused." Plastic, which is made from oil and gas, is notoriously difficult to recycle. Doing so requires meticulous sorting, since most of the thousands of chemically distinct varieties of plastic cannot be recycled together. That renders an already pricey process even more expensive. Another challenge: the material degrades each time it is reused, meaning it can generally only be reused once or twice. The industry has known for decades about these existential challenges, but obscured that information in its marketing campaigns. The report does not allege that the companies broke specific laws. But Alyssa Johl, report co-author and attorney, said she suspects they violated public-nuisance, racketeering and consumer-fraud protections. The industry's misconduct continues today. Over the past several years, industry lobbying groups have promoted so-called chemical recycling, which breaks plastic polymers down into tiny molecules. But the process creates pollution and is even more energy intensive than traditional plastic recycling.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.

Sidney M. Wolfe, an American physician turned activist who relentlessly lobbied against drug companies and the US Food and Drug Administration, died on Monday in his Washington home. He was 86. Wolfe ... co-founded the Public Citizen's Health Research Group, which "promotes research-based, system-wide changes in health-care policy and drug safety," according to the group's website. He also served as the director and senior adviser of the non-profit, where he crusaded against FDA rulings on more than two dozen dangerous or ineffective drugs until they were yanked off the market. In an op-ed published in HuffPost in 2011, Wolfe ridiculed the FDA for being "cautious on food safety – reckless on prescription drug safety." The banned medicines include the diabetes drug phenformin, which was linked to hundreds of deaths and sold under the trade names DBI and Meltrol in the US for 20 years. Wolfe was also responsible for the banning of the anti-inflammatory Vioxx ... which he warned caused serious heart damage years before it was taken off the market – as well as the anti-diarrheal alosetron. His group also successfully petitioned federal regulators to include a warning on aspirin bottles about Reye's syndrome, a rare but potentially fatal condition that causes swelling in the liver and brain. In addition, Wolfe was a fierce foe of silicone gel-filled breast implants for breast augmentation and reconstruction surgeries, claiming in the 1980s that they cause cancer.

Note: Read the full remembrance of Dr. Sidney Wolfe's legacy. His leadership helped remove 28 dangerous medications off the market, and paved the way for "vital and path-breaking research and advocacy on doctor discipline, mental health, tobacco, pharmaceutical marketing, drug company payments to doctors, medical devices, health insurance and the imperative of Medicare for All, unnecessary Cesarean sections, unregulated supplements, medical resident work hours, and more." For more along these lines, see concise summaries of deeply revealing news articles on health and Big Pharma corruption from reliable major media sources.

The former opinion editor of the New York Times, James Bennet, took his former employer to task recently in a lengthy essay. The headline of the piece boldly asserted that the New York Times has "lost its way." Inasmuch as the newspaper represents professional expectations and standards for the entire journalism world, Bennet could be translated as saying the broader news industry has also lost its way. The Times is just the largest float at the front of a parade heading in the wrong direction. Public sentiment about the news industry as a whole is at dismal levels. Gallup polling shows Americans' confidence in the news media to report in a "full, fair and accurate way" is at historically low levels. Given this lack of trust, it only stands to reason that Americans are less likely to follow the news at all. There is no need to consume news from sources one can't trust. Journalists rank near the bottom of public ratings of professions in terms of ethics and honesty. Activism has replaced journalism's former mission to provide fact-based information on which citizens can manage their lives and hold the powerful accountable. Of course, opinion and analysis have always been a part of journalism. But there has long been a sense in the journalism profession that such activist content was to be confined to designated sections, and that the news was to be fact-driven and balanced. Fairness is a skill that journalists once prided themselves on achieving.

Note: For more along these lines, see concise summaries of revealing news articles on media corruption from reliable sources.

The U.S. was in a fit of Covid panic during Thanksgiving week two years ago. By month's end, Pfizer's stock-market value had surpassed $300 billion, up 50% from the start of the pandemic. Moderna's shares had soared by more than 1,000% over the same period. In 2022 Pfizer became the first pharmaceutical company to book more than $100 billion in annual sales owing to government purchases of its vaccines and antiviral pill. Fast-forward to today. The pandemic is over. Demand for Covid vaccines and treatments has plunged. Pfizer's total revenue has fallen more than 40% since last year. Earlier this month the company took a $5.5 billion write-off on its Covid products owing to "lower-than-expected demand." Only 14% of American adults have received the latest updated booster shots. The jabs' greatest benefit was in providing political leaders with the courage to lift destructive lockdowns and mask mandates. The vaccines were supposed to be a two-shot-and-done regimen, not blockbuster medicines that rung up tens of billions of dollars in sales every year with government support. Statins and diabetes medicines prevent heart attacks, but the government doesn't run ads urging Americans to use Lipitor or Ozempic. The government's vaccine boosterism ... has increased public cynicism toward pharmaceutical companies. Drug makers can dine out on any given medicine only for so long before needing to cook up another pharmaceutical bonanza.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma profiteering and coronavirus vaccines from reliable major media sources.

National Institutes of Health scientists raked in more than $325 million in royalties from Chinese and Russian entities – as well as pharmaceutical companies – over more than a decade, according to a new report. Former NIH director Dr. Francis Collins and former National Institutes of Allergy and Infectious Diseases (NIAID) director Dr. Anthony Fauci were among the thousands of government whitecoats who took the cash between September 2009 and October 2020, the taxpayer watchdog OpenTheBooks.com revealed. Several of those royalties came from companies that in turn received federal contracts and grants, prompting concerns about conflicts of interest. Unredacted documents obtained by the group through the Freedom of Information Act (FOIA) show at least 34 Chinese companies are licensing NIH technologies initially funded by US taxpayers. Some of those licensing fees came from the Wuhan Institute of Biological Products Co. Ltd., a subsidiary of the Chinese government-owned pharmaceutical company Sinopharm, which produced a COVID-19 vaccine. In 2016, the biological products company moved its headquarters next to the Wuhan Institute of Virology, where risky "gain-of-function" research funded by the US government may have led to the outbreak of the pandemic. The late Dr. Robert Chanock, the former head of the NIAID's laboratory of infectious diseases, and Dr. Jeffrey Cohen, his successor, were just a few of the virologists on the take from the Wuhan-based company.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the scientific community from reliable major media sources.

Important Note: Explore our full index to revealing excerpts of key major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.