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Revealing News For a Better World

Corporate Corruption News Articles
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Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.


Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.


Billions Hidden Beyond Reach
2021-10-03, Washington Post
https://www.washingtonpost.com/business/interactive/2021/pandora-papers-offsh...

A massive trove of private financial records shared with The Washington Post exposes vast reaches of the secretive offshore system used to hide billions of dollars from tax authorities, creditors, criminal investigators and – in 14 cases involving current country leaders – citizens around the world. The revelations include more than $100 million spent by King Abdullah II of Jordan on luxury homes in Malibu, Calif., and other locations; millions of dollars in property and cash secretly owned by the leaders of the Czech Republic, Kenya, Ecuador and other countries; and a waterfront home in Monaco acquired by a Russian woman who gained considerable wealth after she reportedly had a child with Russian President Vladimir Putin. Other disclosures hit closer to home for U.S. officials. The files provide substantial new evidence, for example, that South Dakota now rivals notoriously opaque jurisdictions in Europe and the Caribbean in financial secrecy. Tens of millions of dollars from outside the United States are now sheltered by trust companies in Sioux Falls, some of it tied to people and companies accused of human rights abuses and other wrongdoing. The trove, dubbed the Pandora Papers, exceeds the dimensions of the leak that was at the center of the Panama Papers investigation five years ago. That data was drawn from a single law firm, but the new material encompasses records from 14 separate financial-services entities.

Note: Some have suggested that the CIA was responsible for the earlier Panama Papers leak. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.


Vaccine monopolies make cost of vaccinating the world against COVID at least 5 times more expensive than it could be
2021-07-09, Oxfam
https://www.oxfam.org/en/press-releases/vaccine-monopolies-make-cost-vaccinat...

The cost of vaccinating the world against COVID-19 could be at least five times cheaper if pharmaceutical companies weren't profiteering from their monopolies on COVID-19 vaccines, campaigners from the People's Vaccine Alliance said today. New analysis by the Alliance shows that the firms Pfizer/BioNTech and Moderna are charging governments as much as $41 billion above the estimated cost of production. Colombia, for example, has potentially overpaid by as much as $375 million for its doses of the Pfizer/BioNTech and Moderna vaccines, in comparison to the estimated cost price. Despite a rapid rise in COVID-19 cases and deaths across the developing world, Pfizer/BioNTech and Moderna have sold over 90 percent of their vaccines so far to rich countries, charging up to 24 times the potential cost of production. Last week Pfizer/BioNTech announced it would licence a South African company to fill and package 100 million doses for use in Africa, but this is a drop in the ocean of need. Neither company have agreed to fully transfer vaccine technology and know-how with any capable producers in developing countries, a move that could increase global supply, drive down prices and save millions of lives. Analysis of production techniques for the leading mRNA type vaccines produced by Pfizer/BioNTech and Moderna â₏•which were only developed thanks to public funding to the tune of $8.3 billionâ₏• suggest these vaccines could be made for as little as $1.20 a dose.

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


Drug Lobby Asks Biden to Punish Foreign Countries Pushing for Low Cost Vaccines
2021-03-03, The Intercept
https://theintercept.com/2021/03/03/vaccine-coronavirus-big-pharma-biden/

President Joe Biden's administration is being asked to punish Hungary, Colombia, Chile, and other countries for seeking to ramp up the production of Covid-19 vaccines and therapeutics without express permission from pharmaceutical companies. The sanctions are being urged by the drug industry, which has filed hundreds of pages of documents to the Office of the U.S. Trade Representative outlining the alleged threat posed by any effort to challenge "basic intellectual property protections" in the response to the coronavirus pandemic. The drug industry has sharply criticized any attempt to share vaccine patents or the technological knowledge needed to manufacture them, despite global need. The strident corporate opposition to any intellectual property flexibility has rankled public health advocates, many of whom note that much of the vaccine technology has been financed by the public sector. The Pfizer vaccine, noted Prabhala, was developed in partnership with the European firm BioNTech, which received $445 million from the German government to help accelerate vaccine development and manufacturing. The U.S. government provided about $1 billion for the research and testing by Moderna to create its coronavirus vaccine. Johnson & Johnson received over $1.45 billion in funding from the Biomedical Advanced Research and Development Authority, a division of the U.S. Department of Health and Human Services, for its recently approved Covid-19 vaccine.

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


The EPA is meant to protect us. The Monsanto trials suggest it isn't doing that
2019-05-07, The Guardian (One of the UK's leading newspapers)
https://www.theguardian.com/commentisfree/2019/may/07/epa-monsanto-round-up-t...

Ever since Monsanto introduced its line of Roundup weedkillers to the world in 1974, the products have been touted by the company and regulators as extremely safe. But the emergence of long-held corporate secrets in three public trials has revealed a covert campaign to cover-up the pesticides risks and raised troubling questions about lax oversight of all pesticides by the Environmental Protection Agency and other regulatory agencies. Two recently concluded Roundup product liability trials in California have resulted in large damage awards against Monsanto, after juries found the companys herbicides contributed to cancer and that it failed to warn of the risks. Monsanto never conducted epidemiology studies for Roundup and its other formulations made with the active ingredient glyphosate, to see if the products could lead to cancer in people who used them. At the same time ... the company was spending millions of dollars on secretive PR campaigns including $17m budgeted in a single year to finance ghostwritten studies and op-eds aimed at discrediting independent scientists whose work found dangers with Monsantos herbicides. When the US Agency for Toxic Substances and Disease Registry sought to evaluate glyphosate toxicity in 2015, Monsanto ... engaged the assistance of EPA officials to delay that review. The efforts delayed the release of the public draft of the review ... until earlier this month. As Monsanto had feared, the agencys review found links between cancer and glyphosate.

Note: Internal FDA emails suggest that the food supply contains far more glyphosate than government reports indicate. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.


Despite record profits, Amazon didn't pay any federal income tax in 2017 or 2018.
2019-02-15, CNN News
https://www.cnn.com/2019/02/15/tech/amazon-federal-income-tax/index.html

Amazon hasn't paid any taxes to the US government in the past two years. Actually, Amazon received hundreds of millions of dollars in federal tax credits in 2017 and 2018. That might seem nuts, considering Amazon is the third-most valuable company in the world and earned a record $10 billion last year. But critics of Amazon's tax bill aren't accusing Amazon of doing anything improper. "This is tax avoidance, not tax evasion. There's no indication of any wrongdoing, except on the part of Congress," said Matthew Gardner, senior fellow at the Institute on Taxation and Economic Policy. US tax code allows money-losing companies to reduce their future taxable income. Amazon's total earnings have easily topped its losses — many times over. But some of Amazon's earnings came from sales outside the United States, on which Amazon paid either lower or no US taxes. Many companies that lose money pay little or no federal income taxes. For example, General Motors (GM) has paid little federal tax money since emerging from bankruptcy in 2009, despite posting record profits for several years. Amazon declined to comment on its federal tax payments.

Note: Read how former tax lobbyists now run the tax-writing committees. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.


1 in 5 CEOs are psychopaths, study finds
2016-09-13, The Telegraph (One of the UK's leading newspapers)
https://www.telegraph.co.uk/news/2016/09/13/1-in-5-ceos-are-psychopaths-austr...

An Australian study has found that about one in five corporate executives are psychopaths – roughly the same rate as among prisoners. The study of 261 senior professionals in the United States found that 21 per cent had clinically significant levels of psychopathic traits. The rate of psychopathy in the general population is about one in a hundred. Nathan Brooks, a forensic psychologist who conducted the study, said the findings suggested that businesses should improve their recruitment screening. He said recruiters tend to focus on skills rather than personality features and this has led to firms hiring "successful psychopaths" who may engage in unethical and illegal practices or have a toxic impact on colleagues. "Typically psychopaths create a lot of chaos and generally tend to play people off against each other," he said. "Psychopaths ... don't mind if they violate morals. It is about getting where they want in the company and having dominance over others." The global financial crisis in 2008 has prompted researchers to study workplace traits that may have allowed a corporate culture in which unethical behaviour was able to flourish. Mr Brooks's research ... was based on a study of corporate professionals in the supply chain management industry across the US. The researchers have been examining ways to help employers screen for potential psychopaths. "We hope to implement our screening tool in businesses ... to hopefully identify this problem," Mr Brooks said.

Note: This study was retracted in 2018 following allegations of plagiarism. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.


Zika Virus – Fear is the Key.
2016-02-11, BMJ (formerly British Medical Journal)
https://www.bmj.com/content/352/bmj.i841/rr

I wonder how many of the readers remember the WHO’s pandemic alert on swine ‘flu some years ago? When the WHO was proactive to announce a pandemic then without any scientific justifications I was the one who wrote that that was a business stunt! People did not believe and the British Medical Journal rejected my paper. After one long year what I had predicted came true. Council of Europe Health Committee Chairman Dr. Wolfgang Wodarg said that the declaration of a swine flu pandemic was a false alarm. “There are many signs that there is close cooperation between the WHO and pharmaceutical companies. We have to find out whether there was pressure or whether there was money given as an incentive to the WHO to have this pandemic declared,” Dr. Wolfgang Wodarg adds. To give a simple example of the swine flu drug Tamiflu when given to a million people, 45,000 will experience vomiting, 31,000 will experience headache and 11,000 will have psychiatric side-effects. These figures might be insignificant if Tamiflu cures swine flu. That is not the case. Raising the fear levels in society is the surest way of depressing their immune system! This is good for business. With people’s immune system depressed they are prone to all kinds of infections. What follows next is the usual history. Greedy drug companies will now vie with each other to produce a vaccine. Vaccination is big business. This pattern goes on and on as long as money and medicine are related.

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


Does Gates funding of media taint objectivity?
2011-02-19, Seattle Times
https://www.seattletimes.com/seattle-news/does-gates-funding-of-media-taint-o...

Perhaps you saw Ray Suarez’s three-part series on poverty and AIDS in Mozambique on the PBS NewsHour. Or listened to Public Radio International’s piece on the rationing of kidney dialysis in South Africa. These reports ... were all bankrolled by the Bill & Melinda Gates Foundation. Better-known for its battles against global disease, the giant philanthropy has also become a force in journalism. The foundation’s grants to media organizations such as ABC and The Guardian, one of Britain’s leading newspapers, raise obvious conflict-of-interest questions: How can reporting be unbiased when a major player holds the purse strings? The foundation has invested millions in training programs for journalists. It funds research on the most effective ways to craft media messages. Gates-backed think tanks turn out media fact sheets and newspaper opinion pieces. Magazines and scientific journals get Gates money to publish research and articles. Experts coached in Gates-funded programs write columns that appear in media outlets from The New York Times to The Huffington Post, while digital portals blur the line between journalism and spin. Over the past decade, Gates has devoted $1 billion to these programs. Beyond direct links to media, the foundation also supports a dizzying mix of organizations whose goals include influencing media coverage. An interested citizen might think she’s getting news and information from a variety of sources, but many of them might be funded by Gates.

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


Why Elites Love Identity Politics
2025-01-14, Jacobin
https://jacobin.com/2025/01/elite-identity-politics-professional-class

"If we broke up the big banks tomorrow, would that end racism? Would that end sexism?" This quote from one of [Hilary Clinton's] campaign rallies has an unusual durability. The Democratic Party's answer to Bernie Sanders's propagation of economic justice and economic issues was to smear him as somebody who ignored the plight of what they love to call – their new term – "marginalized groups," which is people of color, women, trans people, all matters dealing with sexuality. [Hilary Clinton's] victory over Bernie Sanders in the Democratic primary reshaped center-left politics for a decade and established identity politics as a standard tool in the Democratic Party belt. For basically a decade ... you couldn't even criticize [identity politics] without being smeared as a racist, a sexist, whatever term would work to instantly discredit any criticism while shutting down any critical thought of what that criticism represented. There's a huge rise in the number of black elected officials, mayors, congressmen, etc. [They] no longer have any reason to cater to working-class blacks because workers are politically disorganized. The political officials end up captured by the same corporate forces as the white politicians – but they get to have the corner on race talk. To deal with the quality of life and life chances of the vast majority of racial minorities, you have to go beyond disparities and look at the actual availability of social goods, not the current distribution of different races. Identity politics promotes strategies and policies that primarily address the interests of elites rather than the vast majority of working Americans. As long as the American political system is run on money, the basic direction of both parties is going to be set by big money. The way out is not by confining ourselves to increasing representation and combating discrimination, but rather by addressing the quality of the jobs and the availability of basic goods.

Note: Watch an excellent interview of journalist Batya Ungar-Sargon discussing how journalism has shifted from being a working class trade that held the powerful accountable to an elite industry that serves the upper class. She articulates that mainstream news has abandoned and divided the working class by creating a culture war around identity and race. Elites shaping the news industry benefit from this political polarization, which hides the tragic reality of income inequality that affect all races across political lines.


BlackRock's Larry Fink says the US election 'really doesn't matter' for markets
2024-10-22, Yahoo News
https://finance.yahoo.com/news/blackrocks-larry-fink-says-us-143857961.html

Larry Fink doesn't think the US election will affect markets much. The BlackRock CEO doubled down on saying the outcome of the US election, which will be decided in two weeks, won't matter in the long run. He said that BlackRock works with both administrations and is "having conversations" with both Vice President Kamala Harris and Republican nominee Donald Trump. BlackRock, which manages $11.5 trillion in assets via passive and active strategies, has ties and conflicts to both parties. Trump has invested in BlackRock funds, campaign finance forms showed. Since winning the last election in 2020, President Joe Biden has stocked his administration with BlackRock alumni, including Adewale Adeyemo, the deputy Treasury secretary, and Mike Pyle, Vice President Harris' chief economic advisor. Both previously worked in the Obama administration. Last year, a bipartisan House committee began looking into BlackRock's investments in China, for their stakes in Chinese companies blacklisted over claims of supporting China's military or alleged human rights abuses. Fink is not the only Wall Street heavyweight saying the election won't matter to financial markets. In an interview in May, Mike Gitlin, CEO of the $2.7 trillion investing giant Capital Group, said that over the long term, markets climb higher regardless of who wins, and he doesn't agree with rebalancing a portfolio because of election outcomes.

Note: Blackrock is now considered to be the fourth branch of government. For more along these lines, read our concise summaries of news articles on financial industry corruption.


The AI Search War Has Begun
2024-07-30, The Atlantic
https://www.theatlantic.com/technology/archive/2024/07/perplexity-ai-search-m...

Google and a few other search engines are the portal through which several billion people navigate the internet. Many of the world's most powerful tech companies, including Google, Microsoft, and OpenAI, have recently spotted an opportunity to remake that gateway with generative AI, and they are racing to seize it. Nearly two years after the arrival of ChatGPT, and with users growing aware that many generative-AI products have effectively been built on stolen information, tech companies are trying to play nice with the media outlets that supply the content these machines need. The start-up Perplexity ... announced revenue-sharing deals with Time, Fortune, and several other publishers. These publishers will be compensated when Perplexity earns ad revenue from AI-generated answers that cite partner content. The site does not currently run ads, but will begin doing so in the form of sponsored "related follow-up questions." OpenAI has been building its own roster of media partners, including News Corp, Vox Media, and The Atlantic. Google has purchased the rights to use Reddit content to train future AI models, and ... appears to be the only major search engine that Reddit is permitting to surface its content. The default was once that you would directly consume work by another person; now an AI may chew and regurgitate it first, then determine what you see based on its opaque underlying algorithm. Many of the human readers whom media outlets currently show ads and sell subscriptions to will have less reason to ever visit publishers' websites. Whether OpenAI, Perplexity, Google, or someone else wins the AI search war might not depend entirely on their software: Media partners are an important part of the equation. AI search will send less traffic to media websites than traditional search engines. The growing number of AI-media deals, then, are a shakedown. AI is scraping publishers' content whether they want it to or not: Media companies can be chumps or get paid.

Note: The AI search war has nothing to do with journalists and content creators getting paid and acknowledged for their work. It's all about big companies doing deals with each other to control our information environment and capture more consumer spending. For more along these lines, see concise summaries of deeply revealing news articles on AI and Big Tech from reliable sources.


Ask a Scientist: Stopping Big Ag from Hijacking US Farm and Food Policy
2024-05-14, The Equation (Union of Concerned Scientists Blog)
https://blog.ucsusa.org/elliott-negin/ask-a-scientist-stopping-big-ag-from-hi...

Every five years or so, Congress reauthorizes a comprehensive, multibillion-dollar law that has a major impact not only on farmers and ranchers–who make up less than 2 percent of the US population–but also on the environment, public health, and the economy. Generically called the "farm" bill, it is actually a farm and food bill that supports a wide range of programs, including ones that cover crop insurance, financial credit, and export subsidies for farmers, as well as the Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps. SNAP, which eats up 80 percent of the bills' total budget, currently serves 41 million low-income Americans. A major ... reason farm and food bills routinely fail to live up to their original intent is the undue influence the agribusiness sector has over Congress, which it exerts via campaign contributions and lobbying. The sector includes commodity crop traders, meat and poultry processors, fertilizer and pesticide makers, multinational food and beverage companies, giant supermarket chains, and all of their related trade associations. The agribusiness sector spent more than $793 million on lobbying on a range of issues between 2019 and 2023. Top spenders included the American Crystal Sugar Company, the American Farm Bureau Federation, Koch Industries, and the US Chamber of Commerce. Agribusiness's influence peddling is largely overlooked by the mainstream news media.

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


AstraZeneca Sued Over Covid-19 Vaccine Clinical Trial Injury
2024-05-13, Bloomberg
https://news.bloomberglaw.com/health-law-and-business/astrazeneca-sued-over-c...

AstraZeneca is being sued by a woman who claims she was disabled by the company's Covid-19 vaccine. Brianne Dressen said she was "the picture of good health" when getting the AstraZeneca Covid vaccine in 2020 at the age of 39 through a Salt Lake County, Utah, clinical trial. In the hours that followed, her arm began to tingle and the feeling spread up to her shoulder, then to her opposite arm. Later, other symptoms followed, including blurred vision, a headache, ringing ears, and vomiting. In 2021, National Institutes of Health neurologists diagnosed her with "post vaccine neuropathy." Dressen is the co-chair of React19, an interest group for people alleging injury from Covid-19 vaccines. Now, she's suing AstraZeneca over medical expenses and more, arguing she's still disabled and unable to work and carry on with many activities as she once had. The lawsuit, which accuses AstraZeneca of breaching contractual obligations, comes days after AstraZeneca pulled its Covid-19 vaccine off the market. AstraZeneca has said it was doing so due to a lack of demand and not for safety reasons. The vaccine, however, has faced concerns over its efficacy and safety. As of April 1, over 10,000 claims alleging injury or death from a Covid-19 shot have been filed with the Countermeasures Injury Compensation Program, according to the HHS. In a separate lawsuit, Dressen's React19 and people alleging vaccine injuries are suing the HHS over the program.

Note: People injured by AstraZeneca's vaccine were censored on social media when they tried to talk about their experiences. While mainstream narratives emphasize how rare these injuries are, the numbers speak for themselves. The Vaccine Adverse Event Reporting System (VAERS) is a voluntary government reporting system that only captures a portion of the actual injuries. Vaccine adverse event numbers are made publicly available, and currently show 38,068 COVID Vaccine Reported Deaths and 1,652,230 COVID Vaccine Adverse Event Reports.


Prozac one of 30 antidepressants probed by UK watchdog over links to suicide
2024-05-10, The Independent (One of the UK's Leading Newspapers)
https://www.independent.co.uk/news/health/antidepressants-prozac-suicide-rate...

More than 30 of the most common antidepressants used in the UK are to be reviewed by the UK's medicines regulator, as figures point to hundreds of deaths linked to suicide and self-harm among people prescribed these drugs. The medicines, which include Prozac and are prescribed to millions of patients, will all be looked at by the Medicines and Healthcare products Regulatory Agency (MHRA). It follows concerns raised by families in Britain over the adequacy of safety measures in place to protect those taking the drugs, such as warnings about potential side effects. There has been a huge rise in the use of antidepressants in England, with 85 million prescriptions issued in 2022-23, up from 58 million in 2015-16, according to NHS figures. Nigel Crisp, a crossbench peer and chair of the Beyond Pills all-party parliamentary group, [said]: "Overprescribing of antidepressants has an enormous cost in terms of human suffering, because so many people become dependent and then struggle to get off them – and it wastes vital NHS resources." More than 515 death alerts linked to these drugs, involving suicidal ideation and self-harm, have been made to the MHRA since the year 2000. Some antidepressants have been given to children as young as four, and the total cost of the medication to the NHS in 2022-23 was more than Ł231m. Side effects of many antidepressants can include suicidal thoughts and anxiety, according to the National Institute for Health and Care Excellence.

Note: A UK coroner has issued a warning about the effects of antidepressants and how their use could lead to more deaths without a change in guidance and labeling about the risks. For more along these lines, read our concise summaries of news articles on mental health and Big Pharma corruption.


Some of the Most Popular Websites Share Your Data With Over 1,500 Companies
2024-03-20, Wired
https://www.wired.com/story/cookie-pop-up-ad-tech-partner-top-websites/

Everywhere you go online, you're being tracked. Almost every time you visit a website, trackers gather data about your browsing and funnel it back into targeted advertising systems, which build up detailed profiles about your interests and make big profits in the process. At the end of last year, thousands of websites started being more transparent about how many companies your data is being shared with. A WIRED analysis of the top 10,000 most popular websites shows that dozens of sites say they are sharing data with more than 1,000 companies, while thousands of other websites are sharing data with hundreds of firms. Quiz and puzzle website JetPunk tops the pile, listing 1,809 "partners" that may collect personal information, including "browsing behavior or unique IDs." More than 20 websites from publisher Dotdash Meredith–including Investopedia.com, People.com, and Allrecipes.com–all say they can share data with 1,609 partners. The newspaper The Daily Mail lists 1,207 partners, while internet speed-monitoring firm Speedtest.net, online medical publisher WebMD, and media outlets Reuters, ESPN, and BuzzFeed all state they can share data with 809 companies. DuckDuckGo keeps a record of the companies that have the biggest tracking footprint across the web. Among the most common trackers, Google has its technology on 79 percent of websites, while those from five other companies are on more than 20 percent of websites.

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


In bed with big pharma: Corruption fears as report finds US doctors received record $12bn in pharma payments in past decade
2024-03-04, MSN News/Daily Mail (One of the UK's Popular Newspapers)
https://www.msn.com/en-sg/health/other/in-bed-with-big-pharma-corruption-fear...

Almost six in ten doctors in the US received more than $12 billion in payments from pharma firms in the past decade, an analysis has revealed. A study by researchers at Yale University found that 57 percent of doctors earned the huge sums from manufacturers in relation to medical drugs or devices between 2013 and 2022. Most of the money was for consulting services or fees for things such as serving as a speaker at a venue, but the physicians also received large amounts of money for food and beverages and gifts. Orthopedic surgeons were found to receive the largest total sum of payments, at $1.36bn, and the most common drugs related to payments were blood thinners Xarelto and Eliquis. 'Despite evidence that financial conflicts of interest may influence physician prescribing and may damage patients' trust in medical professionals, such payments remain pervasive,' the researchers wrote. After orthopedic surgeons, the physicians that received the largest total sum of payments were neurologists and psychiatrists, who received $1.32bn, and cardiologists, who got $1.29bn. Although the median payment to doctors was $48, payments to the top 0.1 percent of doctors were far higher and differed depending on specialty. The average amount paid to the top 0.1 percent of orthopedists was $4,826,944. For the top 0.1 percent of cardiologists, it was $3,197,675, and for the top 0.1 percent of neurologists and psychiatrists it was $2,588,819.

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


New Spin on a Revolving Door: Pentagon Officials Turned Venture Capitalists
2023-12-30, New York Times
https://www.nytimes.com/2023/12/30/us/politics/pentagon-venture-capitalists.html

The high-stakes world of Pentagon lobbying is being altered by the rise of defense technology startups. Retiring generals and departing top Pentagon officials once migrated regularly to the big established weapons makers like Lockheed Martin and Boeing. Now they are increasingly flocking to venture capital firms that have collectively pumped billions of dollars into Silicon Valley-style startups offering the Pentagon new war-fighting tools like autonomous killer drones, hypersonic jets and space surveillance equipment. The New York Times has identified at least 50 former Pentagon and national security officials, most of whom left the federal government in the last five years, who are now working in defense-related venture capital or private equity as executives or advisers. In many cases, The Times confirmed that they continued to interact regularly with Pentagon officials or members of Congress to push for policy changes or increases in military spending that could benefit firms they have invested in. Pentagon procurement officials confirmed that they had repeatedly met with former Defense Department officials who are now venture capitalists. They said recommendations pushed by the venture capitalists had played a role in changes they are making in the way they acquire technology. In the last four years, at least $125 billion of venture capital has flooded into startups that build defense technology ... compared with $43 billion in the prior four years.

Note: If you can't access the above article, here's an alternate link. Learn more about arms industry corruption in our comprehensive Military-Intelligence Corruption Information Center. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.


Pharmacies share medical data with police without a warrant, inquiry finds
2023-12-12, Washington Post
https://www.washingtonpost.com/technology/2023/12/12/pharmacy-records-police-...

The nation's largest pharmacy chains have handed over Americans' prescription records to police and government investigators without a warrant, a congressional investigation found, raising concerns about threats to medical privacy. Though some of the chains require their lawyers to review law enforcement requests, three of the largest – CVS Health, Kroger and Rite Aid, with a combined 60,000 locations nationwide – said they allow pharmacy staff members to hand over customers' medical records in the store. Pharmacies' records hold some of the most intimate details of their customers' personal lives, including years-old medical conditions and the prescriptions they take for mental health and birth control. Because the chains often share records across all locations, a pharmacy in one state can access a person's medical history from states with more-restrictive laws. The Health Insurance Portability and Accountability Act, or HIPAA, regulates how health information is used and exchanged among "covered entities" such as hospitals and doctor's offices. But the law gives pharmacies leeway as to what legal standard they require before disclosing medical records to law enforcement. In briefings, officials with eight American pharmacy giants – Walgreens Boots Alliance, CVS, Walmart, Rite Aid, Kroger, Cigna, Optum Rx and Amazon Pharmacy – told congressional investigators that they required only a subpoena, not a warrant, to share the records.

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


In the name of ‘fake news,' NewsGuard extorts sites to follow the government narrative
2023-12-10, New York Post
https://nypost.com/2023/12/10/opinion/newsguard-extorts-sites-to-follow-the-g...

An opaque network of government agencies and self-proclaimed anti-misinformation groups ... have repressed online speech. News publishers have been demonetized and shadow-banned for reporting dissenting views. NewsGuard, a for-profit company that scores news websites on trust and works closely with government agencies and major corporate advertisers, exemplifies the problem. NewsGuard's core business is a misinformation meter, in which websites are rated on a scale of 0 to 100 on a variety of factors, including headline choice and whether a site publishes "false or egregiously misleading content." Editors who have engaged with NewsGuard have found that the company has made bizarre demands that unfairly tarnish an entire site as untrustworthy for straying from the official narrative. In an email to one of its government clients, NewsGuard touted that its ratings system of websites is used by advertisers, "which will cut off revenues to fake news sites." Internal documents ... show that the founders of NewsGuard privately pitched the firm to clients as a tool to engage in content moderation on an industrial scale, applying artificial intelligence to take down certain forms of speech. Earlier this year, Consortium News, a left-leaning site, charged in a lawsuit that NewsGuard's serves as a proxy for the military to engage in censorship. The lawsuit brings attention to the Pentagon's $749,387 contract with NewsGuard to identify "false narratives" regarding the war [in] Ukraine.

Note: A recent trove of whistleblower documents revealed how far the Pentagon and intelligence spy agencies are willing to go to censor alternative views, even if those views contain factual information and reasonable arguments. For more along these lines, see concise summaries of news articles on corporate corruption and media manipulation from reliable sources.


OxyContin's Reformulation Linked to Rising Suicides by Children
2023-12-04, Reason
https://reason.com/2023/12/04/oxycontins-reformulation-linked-to-rising-suici...

In 2010, Purdue Pharma replaced the original version of OxyContin, an extended-release oxycodone pill, with a reformulated product that was much harder to crush for snorting or injection. The reformulation of OxyContin was instead associated with an increase in deaths involving illicit opioids and, ultimately, an overall increase in fatal drug overdoses. Researchers ... found that death rates rose fastest in states where reformulation would have had the biggest impact. A new study by RAND Corporation senior economist David Powell extends those findings by showing that the reformulation of OxyContin also was associated with rising suicides among children and teenagers. The root cause of such perverse effects was the substitution that occurred after the old version of OxyContin was retired. Nonmedical users turned to black-market alternatives that were more dangerous because their potency was highly variable and unpredictable–a hazard that was compounded by the emergence of illicit fentanyl as a heroin booster and substitute. The fallout from the reformulation of OxyContin is one example of a broader tendency: Interventions aimed at reducing the harm caused by substance abuse frequently have the opposite effect. Based on interstate differences in nonmedical use of OxyContin prior to 2010, Powell estimates that "the reformulation of OxyContin can explain 49% of the rise in child suicides."

Note: More than 107,000 people in the United States died due to opioid overdoses in 2021. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption from reliable major media sources.


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