Corporate Corruption News StoriesExcerpts of Key Corporate Corruption News Stories in Major Media
Note: This comprehensive list of corporate corruption news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.
A U.S. contractor bilked the American military out of $50 million spent on Bentleys, Aston Martins and big salaries for senior staffers’ significant others, according to a government audit. Senator Claire McCaskill demanded on Wednesday that the Pentagon explain why it was allowed to get away with it. The British company New Century Consulting (NCC) was deployed by the U.S. overseas to train Afghanistan forces. It was originally subcontracted by the now-defunct company Imperitas from 2008 to 2013 but has since taken over the contract completely. Under Imperitas, NCC ... paid the significant others of senior staff an average of $420,000 as “executive assistants” who worked from home, auditors found. It’s not clear whether Imperitas or NCC actually completed their work in Afghanistan, as neither retained complete training records. In a letter to Secretary of Defense James Mattis Wednesday, McCaskill ... wrote that “NCC was unable to provide evidence that these executive assistants actually performed any work.” This is not the first time that NCC or Imperitas spending has been questioned or the companies investigated. In 2016, a federal lawsuit was brought in New York by investors against Imperitas. In 2015, the special inspector general for Afghanistan reconstruction had an ongoing criminal investigation open against both NCC and Imperitas. And in 2012, two former employees of Imperitas ... sued the company, alleging their co-workers abused alcohol and drugs and possessed illegal weapons—all violations of U.S. policy.
Americans take more pills today than at any other time in recent history - and far more than people in any other country. Much of that medication use is lifesaving or at least life-improving. But a lot is not. The amount of harm stemming from inappropriate prescription medication is staggering. Almost 1.3 million people went to U.S. emergency rooms due to adverse drug effects in 2014, and about 124,000 died from those events. That’s according to estimates based on data from the Centers for Disease Control and Prevention and the Food and Drug Administration. Other research suggests that up to half of those events were preventable. All of that bad medicine is costly, too. An estimated $200 billion per year is spent in the U.S. on the unnecessary and improper use of medication, for the drugs themselves and related medical costs. Our previous surveys have found that higher drug costs - including more expensive drugs and higher out-of-pocket costs - also strain household budgets, with many people telling us they had to cut back on groceries or delay paying other bills to pay for their prescriptions. Total spending on drug ads targeting consumers reached $6.4 billion last year, 64 percent more than in 2012. That’s $1.3 billion more than the FDA’s entire 2017 budget. Drug companies spend even more - $24 billion in 2012 alone - on marketing just to doctors through ads in medical journals, face-to-face sales, free medication samples, and educational and promotional meetings.
Martin Shkreli - famously known as the guy that jacked up the price of a lifesaving AIDS treatment by 5,000% - finally saw his day in court, albeit for a completely unrelated case involving an unrelated company. The trial ... found Shkreli guilty of three counts of fraud for essentially lying to his investors about how he would invest their money and when they would be paid back. The conviction, carrying a potential 20 years in prison, is no joke. Yet the notorious self-promoter took the opportunity to ... let the world know he wasn’t fazed. And why should he be? How Shkreli got rich in the first place remains not just legal but celebrated. The real crime of the Pharma Bro is the unrepentant greed that drives him, as well as the industry he’s thrived in. Sen. Bernie Sanders has attempted to put a stop to this greed with recently introduced legislation to cap prices for pharmaceuticals developed by government-funded research. Far from a new idea, Sanders has been pushing for a bill like this for decades. While raising the price of a life-saving drug by 5,000% rightfully drew the scorn of millions of people, price gouging is all too common for the industry. Take the EpiPen, the lifesaving device for kids and adults with severe allergies, whose price was famously hiked up over 500% ... after it was acquired by Mylan. Laws that protect investors in these companies are what landed Shkreli in court. Yet until there are laws to protect patients from drug company extortion, like the one proposed by Sanders, the line of Pharma Bros ready to take his place is already queued up.
Why do Americans continue to pay the highest prices for medicine in the world? Lawmakers have sculpted specific policies, often not found in many other nations, that boost pharmaceutical industry profits. Meanwhile, the drug industry has spent $61 million on state elections and nearly $67 million on federal elections since 2010. Both parties have made pivotal decisions ... that have kept drug prices high. Insurance companies and pharmacy benefit managers, or PBMs, across the U.S., face at least nine class-action lawsuits alleging they attached arbitrary premiums to the prices of often less-expensive, generic prescription drugs. The plaintiffs also accuse the PBMs and insurers of imposing so-called “gag clauses” on pharmacies to keep pharmacists from telling consumers that they could save money by paying out of pocket. The system could be denying customers $120 billion in discounts and rebates. Should drugs developed at taxpayer expense be sold to Americans at sky high prices? In the past, the federal government passed a rule saying no — but that rule was rescinded in 1995. If Americans were allowed to import lower-priced drugs from places like Canada, it would save government agencies alone $6 billion. But ... Americans are still prohibited from engaging in such importation. The federal government could [also] save billions of dollars a year by having Medicare use its huge market power to negotiate - or require - lower drug prices for the program's beneficiaries.
Documents released Tuesday in a lawsuit against Monsanto raised new questions about the company’s efforts to influence the news media and scientific research and revealed internal debate over the safety of its highest-profile product, the weed killer Roundup. The active ingredient in Roundup, glyphosate, is the most common weed killer in the world. The documents underscore the lengths to which the agrochemical company goes to protect its image. Documents show that Henry I. Miller ... a vocal proponent of genetically modified crops, asked Monsanto to draft an article for him that largely mirrored one that appeared under his name on Forbes’s website in 2015. An academic involved in writing research funded by Monsanto, John Acquavella, [wrote] in a 2015 email to a Monsanto executive, “I can’t be part of deceptive authorship on a presentation or publication.” He also said of the way the company was trying to present the authorship: “We call that ghost writing and it is unethical.” Mr. Miller’s 2015 article on Forbes’s website was an attack on the findings of ... a branch of the World Health Organization that had labeled glyphosate a probable carcinogen. The documents also show that A. Wallace Hayes, the former editor of a journal, Food and Chemical Toxicology, has had a contractual relationship with Monsanto. In 2013, while he was still editor, Mr. Hayes retracted a key study damaging to Monsanto that found that Roundup, and genetically modified corn, could cause cancer and early death in rats.
Few science writers have worked as hard as Keith Kloor to impact public opinion on genetically modified organism (GMO) agriculture. An adjunct professor at New York University and former editor for Audubon and blogger for Discover, Kloor has spent years championing GMO products and portraying skeptics and critics as scientifically illiterate quacks. His curious form of advocacy includes bitter attacks on anyone who disagrees with him. Kloor’s targets have included Jake Tapper of CNN; Michael Pollan, professor of journalism at UC-Berkeley; Tom Philpott of Mother Jones; Mark Bittman, the noted food columnist; Glenn Davis Stone, Guggenheim Fellow and professor of archaeology at Washington University; Nassim Taleb, professor of risk engineering at NYU; Marion Nestle, professor of food science at NYU; and Charles Seife, professor of science journalism at NYU. The public has known for some time that Keith Kloor loves GMOs. What they haven’t known, until now, is how hard he’s worked with industry-funded “experts” to present corporate talking points as journalism and then try to cover his tracks. An avalanche of documents released through court proceedings and freedom of information requests point to a coordinated effort by corporate front groups, scientists secretly funded by agrichemical industry giants, and allied reporters attempting to portray themselves as arbiters of scientific expertise while condemning critics of GMO technology as “antiscience.”
Note: The above article provides an in-depth view of Monsanto's corruption of mass media. This company's use of scientists as industry puppets, its lies to regulators and the public and its massive lobbying campaign have not kept information on the risks and dangers of GMOs from getting out.
A loud boom cut through the night and a stream of fire lit up the sky. A strong, unpleasant odor settled over the street. None of the neighbors reported what happened that night - nor the ... symptoms that followed. For [Joseph] Gaines, the symptoms included an intense sudden headache, tearing eyes, a runny nose, and congestion. A block and a half from Gaines’s house, the street ends in an Exxon Mobil refinery that ... releases at least 135 toxic chemicals, many of which - including 1,3-butadiene, benzo[a]pyrene, and styrene - are carcinogens. The plant is regularly in noncompliance with the Clean Air Act. Yet many of the people [in] Charlton-Pollard said they felt there was no point in trying to reduce the emissions. They raised [their concerns] in a formal complaint to the Environmental Protection Agency 17 years ago. The filing [described] the chemical pollution. And the complaint went further, arguing that the location of the oil refinery - next to a neighborhood where 95 percent of residents were African-American - was a civil rights violation. The majority of civil rights complaints the EPA accepted for investigation between 1996 and 2013 languished for years. As the people of Charlton-Pollard and Flint — as well as Tallassee, Alabama; Pittsburg, California; and Chaves County, New Mexico — can attest, the EPA’s lack of responsiveness to civil rights complaints spans not just many years, but also several presidential administrations. While pollution protections are moving backward, Exxon Mobil is planning to expand its Beaumont operations.
However people feel about immigration, judges and lawmakers nationwide have long acknowledged that the employment of unauthorized workers is a reality of the American economy. Some 8 million immigrants work with false or no papers nationwide. They're more likely to be hurt or killed on the job than other workers. Nearly all 50 states, including Florida, have given these workers the right to receive workers' comp. But in 2003, Florida's lawmakers [made] it a crime to file a workers' comp claim using false identification. Since then, insurers have avoided paying for injured immigrant workers' lost wages and medical care by repeatedly turning them in to the state. In a challenging twist of logic, immigrants can be charged with workers' comp fraud even if they've never been injured or filed a claim, because legislators also made it illegal to use a fake ID to get a job. In many cases, the state's insurance fraud unit has conducted unusual sweeps of worksites, arresting a dozen employees. To assess the impact of Florida's law on undocumented workers, ProPublica and NPR analyzed 14 years of state insurance fraud data. We found nearly 800 cases statewide in which employees were arrested under the law. Insurers have used the law to deny workers benefits after a litany of serious workplace injuries. Flagged by insurers or their private detectives, state fraud investigators have arrested injured workers at doctor's appointments and at depositions in their workers' comp cases. Some were taken into custody with their arms still in slings.
Google processes more than three billion search queries a day. It has altered our notions of privacy, tracking what we buy, what we search for online - and even our physical location at every moment of the day. It is a monopoly. So it matters how this company works - who it hires, who it fires and why. Last week, Google fired a software engineer for writing a memo that questioned the company’s gender diversity policies and made statements about women’s biological suitability for technical jobs. “Portions of the memo violate our code of conduct and cross the line by advancing harmful gender stereotypes,” Google’s chief executive, Sundar Pichai, wrote. It’s impossible to believe that Google or other large tech companies a few years ago would have reacted like this to such a memo. In 2011 when CNN filed a Freedom of Information Act request for the workplace diversity data on big tech companies, Google [asked] for its data to be excluded. Google began to disclose statistics [in 2014] showing that only 17 percent of its technical work force was female. Today Google is under growing scrutiny, and the cognitive dissonance between the outward-facing “Don’t be evil” stance and the internal misogynistic “brogrammer” rhetoric was too extreme. Google had to fire the offending engineer, James Damore, but anyone who spends time on the message boards frequented by Valley engineers will know that the “bro” culture that gave us Gamergate - an online movement that targeted women in the video game industry - [remains] prevalent.
Monsanto continued to produce and sell toxic industrial chemicals known as PCBs for eight years after learning that they posed hazards to public health and the environment, according to legal analysis of documents put online. More than 20,000 internal memos, minuted meetings, letters and other documents have been published in the new archive, many for the first time. Most were ... digitised by the Poison Papers Project. Bill Sherman, the assistant attorney general for the US state of Washington – which is suing Monsanto for PCB clean-up costs potentially worth billions of dollars – said the archive contained damning evidence the state had previously been unaware of. He told the Guardian: “These records confirm that Monsanto knew that their PCBs were harmful and pervasive in the environment, and kept selling them. They knew the dangers, but hid them from the public in order to profit.” As well as the Washington case, Monsanto is facing PCB contamination suits ... in Seattle, Spokane, Long Beach, Portland, San Diego, San Jose, Oakland and Berkeley. Polychlorinated biphenyls (PCBs) are long-lived pollutants that were mass produced by Monsanto between 1935 and 1977. By 1979, they had been completely banned in the US and elsewhere, after a weight of evidence linking them to health ailments ... and to environmental harm. Yet a decade earlier, one Monsanto pollution abatement plan in the archive from October 1969, singled out by Sherman, suggests that Monsanto was even then aware of the risks posed by PCB use.
The White House is actively considering a bold plan to turn over a big chunk of the U.S. war in Afghanistan to private contractors. Under the proposal, 5,500 private contractors, primarily former Special Operations troops, would advise Afghan combat forces. The plan also includes a 90-plane private air force that would provide air support in the nearly 16-year-old war against Taliban insurgents, Erik Prince, founder of the Blackwater security firm, [said]. The U.S. military has 8,400 U.S. troops [in Afghanistan]. They do not have a direct combat role, and presumably would be replaced gradually by the contractors. The plan remains under serious consideration within the White House despite misgivings by Trump's national security adviser ... and Defense Secretary Jim Mattis. Prince, who has met frequently with administration officials to discuss his plan, is the brother of Trump's education secretary, Betsy Devos. Prince said the contractors would be “adjuncts” of the Afghan military and would wear that nation’s military uniforms. Currently, troops from a U.S.-led coalition ... are not embedded with conventional combat units in the field. Under the plan the contractors would be embedded with Afghanistan's more than 90 combat battalions throughout the country. Blackwater has attracted controversy under Prince's leadership. In 2007, four Blackwater security personnel were accused of killing 14 Iraqi civilians in Baghdad.
Note: When Blackwater changed its name to Academi, the US paid $309 million to this company to conduct counternarcotics operations in Afghanistan. These operations reportedly contributed to the Afghan opium boom. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and war.
As the U.S. growing season entered its peak this summer, farmers began posting startling pictures on social media: fields of beans, peach orchards and vegetable gardens withering away. The photographs served as early warnings of a crisis that has damaged millions of acres of farmland. New versions of the herbicide dicamba developed by Monsanto and BASF, according to farmers, have drifted across fields to crops unable to withstand it. As the crisis intensifies, new details provided to Reuters ... demonstrate the unusual way Monsanto introduced its product. The approach, in which Monsanto prevented key independent testing of its product, went unchallenged by the Environmental Protection Agency and nearly every state regulator. Typically, when a company develops a new agricultural product, it commissions its own tests and shares the results and data with regulators. It also provides product samples to universities for additional scrutiny. In this case, Monsanto denied requests by university researchers to study its XtendiMax with VaporGrip for volatility - a measure of its tendency to vaporize and drift across fields. Monsanto provided samples of XtendiMax before it was approved by the EPA. However, the samples came with contracts that explicitly forbade volatility testing. Arkansas blocked Monsanto’s product because of the lack of extra volatility testing ... but approved BASF’s [product]. Thirty-three other states - every other state where the products were marketed - approved both products.
Note: A new project called "The Poison Papers" lays out a 40-year history of deceit and collusion involving the chemical industry and the regulatory agencies that were supposed to be protecting human health and the environment. For more along these lines, see concise summaries of deeply revealing food system corruption news articles from reliable major media sources.
Wells Fargo acknowledged Friday that for six years about 570,000 of its customers were charged for auto insurance they didn’t need, potentially driving some to default on their loan and have their cars repossessed. The San Francisco bank said it would start refunding about $80 million, or about $140 each, to customers next month. The revelation quickly sparked a backlash from lawmakers still angry after Wells Fargo admitted last year that thousands of its employees had created millions of fake credit card and bank accounts for customers without their knowledge. “No wonder so many hard-working Americans believe the system is rigged against them in Wall Street’s favor,” Sen. Sherrod Brown, the ranking Democrat on the Banking Committee, said in a statement. Sen. Elizabeth Warren ... renewed her call for the Federal Reserve to force Wells Fargo’s board of directors to resign. “There are surely deep ... problems at a bank when it opens millions of fake customer accounts and charges nearly a million customers for a financial product they don’t need,” Warren said in a statement. “The Wells Fargo Board is ultimately responsible for that failure.” Wells Fargo said the most recent scandal is centered on its auto lending business. Customers’ loan contracts require them to maintain auto insurance and allow the bank to buy it for them if there is no evidence that the customers have a policy, the bank said. But ... customers were being charged for auto insurance premiums even though they already had another policy.
Note: Read more about the massive fraud perpetrated by Wells Fargo. Steve Glazer, chairman of the California Senate Banking and Financial Institutions Committee, recently compared this bank's actions with the behavior of Enron when its culture of corruption initially came to light. For more along these lines, see concise summaries of deeply revealing banking corruption news articles from reliable major media sources.
In the summer of 2012, a subcommittee of the U.S. Senate released a report. [After] looking into the London-based banking group HSBC, [investigators] discovered that ... the bank had laundered billions of dollars for Mexican drug cartels, and violated sanctions. No criminal charges were filed, and no executives or employees were prosecuted. Instead, HSBC pledged to clean up its institutional culture, and to pay a fine of nearly two billion dollars: the equivalent of four weeks’ profit for the bank. In the years since the mortgage crisis of 2008 ... corporate executives have essentially been granted immunity. As recently as 2006, when Enron imploded, such titans as Jeffrey Skilling and Kenneth Lay were convicted of conspiracy and fraud. Something has changed in the past decade, however, and federal prosecutions of white-collar crime are now at a twenty-year low. As Jesse Eisinger, a reporter for ProPublica, explains in a new book ... a financial crisis has traditionally been followed by a legal crackdown, because a market contraction reveals all the wishful accounting and outright fraud that were hidden when the going was good. After the mortgage crisis, people in Washington and on Wall Street expected prosecutions. Eisinger reels off a list of potential candidates for criminal charges: Countrywide, Washington Mutual, Lehman Brothers, Citigroup, A.I.G., Bank of America, Merrill Lynch, Morgan Stanley. Although fines were paid ... there were no indictments, no trials, no jail time.
In August 2012, [the US] unilaterally changed the terms of the bailout of Fannie Mae and Freddie Mac. The government originally insisted on a 10 percent annual dividend in exchange for what ultimately became a $187 billion rescue. In 2012, the government quietly changed that 10 percent deal to one in which the state simply seized all profits. The press paid almost no attention to this event, [even though] it was one of the most important decisions of the bailout era. Fannie Mae and Freddie Mac were two of the biggest companies on earth, and held about $5 trillion in mortgage debt. They had gone bust during the crash years. But by the summer of 2012 ... they were about to start making [enormous piles of] money again. The government has always insisted it didn't know this. Officials have insisted that they needed 100 percent of Fannie and Freddie's profits because ... Fannie and Freddie would otherwise be unable to pay back what they owed. But documents just released in a court case show that the government privately believed just the opposite before it made its historic decision. [One key document] concluded that the government would end up getting more through the "revenue sweep" than it would ... if "the 10% [dividend] was still in effect." The documents that came out this week were released in a lawsuit brought by Fannie and Freddie shareholders who believe that the government stole billions of dollars in profits from them.
For decades, some of the dirtiest, darkest secrets of the chemical industry have been kept in Carol Van Strum’s barn. The ... structure in rural Oregon housed more than 100,000 pages of documents obtained through legal discovery in lawsuits against Dow, Monsanto, the Environmental Protection Agency, the U.S. Forest Service, the Air Force, and pulp and paper companies, among others. As of today, those documents and others ... will be publicly available through a project called the Poison Papers. The library contains more than 200,000 pages of information and “lays out a 40-year history of deceit and collusion involving the chemical industry and the regulatory agencies that were supposed to be protecting human health and the environment,” said Peter von Stackelberg, a journalist who along with the Center for Media and Democracy and the Bioscience Resource Project helped put the collection online. Van Strum didn’t set out to be the repository for the people’s pushback against the chemical industry. But [in 1974] she realized the Forest Service was spraying her area with an herbicide called 2,4,5-T. The chemicals hurt people and animals. Residents ... filed a suit that led to a temporary ban on 2,4,5-T in their area in 1977 and, ultimately, to a total stop to the use of the chemical in 1983. For Van Strum, the suit was also the beginning of lifetime of battling the chemical industry. “We didn’t think of ourselves as environmentalists, that wasn’t even a word back then,” Van Strum said. “We just didn’t want to be poisoned.”
Note: The herbicide 2,4,5-T is a main ingredient of Agent Orange. As recently as 2012, Monsanto, a manufacturer of Agent Orange, agreed to pay $93 million to settle claims of this poison's pollution of a US town. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and health.
Allowing Americans to purchase lower-priced medicines from other countries would save the federal government alone more than $6 billion, according to a new analysis from the Congressional Budget Office. Under existing law, drugmakers are permitted to produce pharmaceuticals abroad and then import them into the United States, where ... they charge Americans the highest prices for medicines in the world. However, while drugmakers themselves are allowed to import medicines, current law prohibits U.S. consumers and pharmaceutical wholesalers from doing so, even when the same medicines are sold at much lower prices abroad. Spending millions on campaign donations and lobbying, the pharmaceutical industry has for years successfully fought off legislation to end the prohibition. This year — nearly 17 years after President Bill Clinton’s administration killed ... drug importation legislation — the importation initiative has once again been renewed. Looking to take advantage of President Donald Trump’s promise to lower drug prices, Vermont Sen. Bernie Sanders ... introduced the Affordable and Safe Prescription Drug Importation Act on Feb. 28. Overall, campaign spending by the pharmaceutical industry is skyrocketing. Congressional donations from pharmaceutical PACs are up 11 percent as compared with a similar time frame in 2015, and donations to ranking members of health-related committees have risen by 80 percent from two years ago. Lobbying is also on the rise, according to a Kaiser Health News analysis.
Among politicians, college administrators, educators, parents and students, college affordability seems to be seen as a purely financial issue. The roots of the current student debt crisis are neither economic nor financial in origin, but predominantly social. In 2012, more than 44 million Americans were still paying off student loans. And the average graduate in 2016 left college with more than $37,000 in student loan debt. Student loan debt has become the second-largest type of personal debt among Americans. From 1995 to 2015, tuition and fees at 310 national universities ... rose considerably, increasing by nearly 180 percent at private schools and more than 225 percent at public schools. During the 19th century, college education in the United States was offered largely for free. College education was considered a public good. Students who received such an education would put it to use in the betterment of society. The perception of higher education changed dramatically [as] private colleges began to attract more students from upper-class families. In 1927, John D. Rockefeller began campaigning for charging students the full cost it took to educate them. Further, he suggested that students could shoulder such costs through student loans. Tuition - and student loans - thus became commonly accepted aspects of the economics of higher education. If the United States is looking for alternatives to what some would call a failing funding model for college affordability, the solution may lie in looking further back than the current system.
Note: According to former US Secretary of Labor Robert Reich, the sharply increasing cost of a college education serves to redistribute wealth from the poor to the rich. For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.
As president, Barack Obama oversaw a civil rights renaissance. But his failure to prosecute Wall Street executives for causing the collapse of the housing market ushered in an era of populist rage ... according to Jesse Eisinger’s new book, The Chickenshit Club. “If they had, the history of the country would be different,” Eisinger, a veteran financial reporter at ProPublica whose investigation on shady crisis-era Wall Street practices won a Pulitzer Prize, [said]. “There would be a sense of accountability after the crisis, the reforms would be tougher.” The book traces Department of Justice impotence on corporate crime back two decades. Changes to the way the Justice Department treated white collar crime came into sharp relief after the 2007 financial crisis. [A] Corporate Fraud Task Force [created in] 2002 boasted nearly 1,300 fraud convictions by the time Obama replaced it in 2009 with the Financial Fraud Enforcement Task Force. The new entity [lacked] the focus or prosecutorial muscle of its predecessor. The first stages of a corporate criminal probe are typically carried out by a law firm hired by the company under investigation. “The great secret to corporate criminal prosecution is that we have privatized and outsourced it to the companies themselves,” Eisinger said. “The company is going to be studiously incurious about following investigative threads that might lead to the CEO or board rooms. Instead, they point the finger at a middle manager or someone expendable, and that’s the person who gets indicted by the general government.”
Tobacco companies have moved swiftly to strengthen their grip on Washington politics. Day one of Donald Trump’s presidency started with tobacco donations, senior figures have been put in place within the Trump administration who have deep ties to tobacco, and lobbying activity has increased significantly. America’s largest cigarette manufacturers, Reynolds American and Altria Group, donated $1.5m to help the new president celebrate his inauguration. The donations allowed executives to dine and mingle with top administration officials and their families. In the first quarter of 2017, tobacco companies and trade associations spent $4.7m lobbying federal officials. Altria, the company behind Marlboro, hired 17 lobbying firms. Reynolds, makers of the Camel brand, hired 13. Politicians and officials with deep ties to the tobacco industry now head the US health department, the top attorney’s office and the Senate. Agencies in charge of reviewing large mergers let a window slip by in which they might have requested information about a $49bn merger between Reynolds and British American Tobacco (BAT). That merger ... will make BAT the biggest listed tobacco company in the world, and puts proceeds from eight out of 10 cigarettes sold in the US into the pockets of two companies: Altria and BAT. Trump himself ... has revealed that he had investments in tobacco companies, including Philip Morris International, its American spinoff Altria Group, and Reynolds American Inc..
Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.