Trump appoints former director of company researching vaccines to head Federal program to find vaccine! Huh? Wha?


Trump, Dr Moncef SlaouiAP Photo/Alex Brandon

The former pharma executive tapped by President Donald Trump to lead the federal government’s hunt for a COVID-19 vaccine has more than $10 million in stock options in one of the companies receiving federal funding.

Dr Moncef Slaoui, a Belgian-American, was this week named Chief Scientist for Trump’s “Operation Warp Speed,” which aims to develop a working vaccine as fast as possible.

In order to take up the position, Slaoui resigned his role on the board of directors for Moderna Inc….Slaoui has 155,438 stock options in Moderna. The stake is worth $10,366,000 at Moderna’s current share price, $66.69 at the time of publication…

After news of Slaoui’s holding was published, former presidential candidate Sen. Elizabeth Warren said that Slaoui “must divest immediately.”

I’ll second that emotion.

Moderna has been one of the leading candidates to win the COVID-19 vaccine derby for quite a spell. I have to admit my dinky retirement account had shares of MRNA for a while. If I had the insider connections that Slaoui has I probably never would have sold them. :-] But, then, that’s the kind of creepy stuff that fits Trump like a cheap suit.