Corporate Corruption News Stories
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.
Google and YouTube are pouring millions into over 100 fact-checking organizations as part of a new Global Fact Check Fund aimed at stomping out misinformation online. On Tuesday, Google and YouTube announced a $13.2 million grant to the International Fact-Checking Network (IFCN) at the left-leaning nonprofit Poynter Institute. The IFCN previously labeled YouTube as one of the "major conduits" of disinformation and misinformation across the world. In an open letter, the IFCN proposed a partnership with YouTube to curb the issue. The new Global Fact Check Fund is expected to support its network of 135 fact-checking organizations across 65 countries, covering 80 languages. It is the largest grant Google and YouTube have ever shelled out regarding fact-checks. "Helping people to identify misinformation is a global challenge. The Global Fact Check Fund will help fact-checkers to scale existing operations or launch new ones that elevate information, uplift credible sources and reduce the harm of mis- and disinformation around the globe," Google said in Tuesday’s press release. Google also noted that fact-checking organizations can use their new funding in a variety of ways, including new technologies, the creation or expansion of their digital footprints, new verification tools, and deeper audience engagement through audio, video or podcast formats. Since 2018, the Google News Initiative has invested nearly $75 million to "strengthen media literacy" and "combat misinformation."
Note: Freedom of expression is being greatly limited with the excuse of battling misinformation, which is often valuable, easily verifiable information the elite don’t want us to know. Read this informative article to see how what is labeled as fact is many times just opinion or questionable government policy. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.
Trust Lab was founded by a team of well-credentialed Big Tech alumni who came together in 2021 with a mission: Make online content moderation more transparent, accountable, and trustworthy. A year later, the company announced a “strategic partnership” with the CIA’s venture capital firm. The quiet October 29 announcement of the partnership is light on details, stating that Trust Lab and In-Q-Tel — which invests in and collaborates with firms it believes will advance the mission of the CIA — will work on “a long-term project that will help identify harmful content and actors in order to safeguard the internet.” Key terms like “harmful” and “safeguard” are unexplained, but the press release goes on to say that the company will work toward “pinpointing many types of online harmful content, including toxicity and misinformation.” It’s difficult to imagine how aligning the startup with the CIA is compatible with [Trust Lab co-founder Tom] Siegel’s goal of bringing greater transparency and integrity to internet governance. What would it mean, for instance, to incubate counter-misinformation technology for an agency with a vast history of perpetuating misinformation? Placing the company within the CIA’s tech pipeline also raises questions about Trust Lab’s view of who or what might be a “harmful” online, a nebulous concept that will no doubt mean something very different to the U.S. intelligence community than it means elsewhere. Trust Lab’s murky partnership with In-Q-Tel suggests a step toward greater governmental oversight of online speech.
Note: For more along these lines, see concise summaries of deeply revealing news articles on intelligence agency corruption and media manipulation from reliable sources.
Newly released documents show an influential group that helps shape US food policy and steers consumers toward nutritional products has financial ties to the world's largest processed food companies and has been controlled by former industry employees who have worked for companies like Monsanto. The documents reveal the Academy of Nutrition and Dietetics has a record of quid pro quos with a range of food giants, owns stock in ultra-processed food companies and has received millions in contributions from producers of pop, candy, and processed foods linked to diabetes, heart disease, obesity and other health problems. The findings are a part of a recently published peer-reviewed study that examined a trove of financial documents and internal communications obtained through a Freedom of Information Act (Foia) request. "It's incredibly influential so if the Academy is corrupt then nutritional policy in the US is going to be corrupt," said Gary Ruskin ... a co-author of the study. The Academy accepted at least $15m from corporate and organizational contributors from 2011-2017, and over $4.5m in additional funding went to the Academy's foundation. Among the highest contributions came from companies such as Nestl©, PepsiCo, Hershey, Kellogg's, General Mills, Conagra, the National Dairy Council and the baby formula producer Abbott Nutrition. The Academy and its foundation also received food industry fundings via sponsorships, which are in effect quid pro quos.
Note: For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.
Researchers at Meta, the parent company of Facebook, have unveiled an artificial intelligence model, named Cicero after the Roman statesman, that demonstrates skills of negotiation, trickery and forethought. More often than not, it wins at Diplomacy, a complex, ruthless strategy game where players forge alliances, craft battle plans and negotiate to conquer a stylized version of Europe. It is the latest evolution in artificial intelligence, which has experienced rapid advancements in recent years that have led to dystopian inventions, from chatbots becoming humanlike, to generated art becoming hyper-realistic, to killer drones. Cicero, released in November, was able to trick humans into thinking it was real, according to Meta, and can invite players to join alliances, craft invasion plans and negotiate peace deals when needed. Its mastery of language surprised some scientists and its creators, who thought this level of sophistication was years away. But experts said its ability to withhold information, think multiple steps ahead of opponents and outsmart human competitors sparks broader concerns. This type of technology could be used to concoct smarter scams that extort people or create more convincing deep fakes. “It is a great example of just how much we can fool other human beings,” said Kentaro Toyama, a professor and artificial intelligence expert ... who read the Meta paper. “These things are super scary” and “could be used for evil.”
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
Many of the world’s largest asset managers and state pension funds are passively investing in companies that have allegedly engaged in the repression of Uyghur Muslims in China, according to a new report. The report, by UK-based group Hong Kong Watch and the Helena Kennedy Centre for International Justice at Sheffield Hallam University, found that three major stock indexes provided by MSCI include at least 13 companies that have allegedly used forced labour or been involved in the construction of the surveillance state in China’s Xinjiang region. In recent years, China has come under increased scrutiny over what the UN has called “serious human rights violations” against Uyghur Muslims in the region, including systemic discrimination, mass arbitrary detention, torture, and sexual and gender-based violence. The report includes a list of major asset managers, including BlackRock, HSBC and Deutsche Bank among others, exposed to index funds that include companies accused of engaging in labour transfers and the construction of repressive infrastructure in the region. It found public pension funds across the UK, Canada and the US and funds in New Zealand and Japan exposed by the investments. “So many people’s pensions, retirement funds and savings are invested passively because, as average consumers, we don’t have time to investigate each and every investment,” said Laura Murphy, one of the report’s authors and professor of human rights and contemporary slavery at Sheffield Hallam University.
Note: Read an eye-opening article about the shocking human rights violations happening to the Uyghur people under the auspices of the Chinese government. For more along these lines, see concise summaries of deeply revealing news articles on financial system corruption from reliable major media sources.
Foreign investment firms, private equity, pension funds and businesses lodged in tax havens own more than 70% of the water industry in England, according to research by the Guardian. The complex web of ownership is revealed as the public and some politicians increasingly call for the industry to be held to account for sewage dumping, leaks and water shortages. Six water companies are under investigation for potentially illegal activities as pressure grows on the industry to put more money into replacing and restoring crumbling infrastructure to protect both the environment and public health. More than three decades after the sector was sold off with a promise to the public they would become individual small shareholders or “H2Owners”, control of the water industry has become dominated by overseas investment vehicles, the super-rich, companies in tax havens and pension fund investors. The ownership structure is such that transparency and accountability are limited, according to Dr Kate Bayliss ... at Soas University of London. The Qatar Investment Authority is the third largest shareholder in Severn Trent, with a 4.6% holding, while almost 10% is held by the US investment company BlackRock and its subsidiaries. A subsidiary of the Abu Dhabi Investment Authority has a 9.9% stake in Thames Water, while 8.7% is owned by China, the analysis shows. At least 72% of the industry is controlled by firms in 17 countries, while UK firms own 10%. Ownership of 82% of the water industry was traced overall.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world from reliable major media sources.
Twitter owner Elon Musk spoke out on Saturday evening about the so-called “Twitter Files,” a long tweet thread posted by journalist Matt Taibbi, who had been provided with details about behind-the-scenes discussions on Twitter’s content moderation decision-making, including the call to suppress a 2020 New York Post story about Hunter Biden and his laptop. During a two-hour long Twitter Spaces session, Musk said a second “Twitter Files” drop will again involve Taibbi, along with journalist Bari Weiss, but did not give an exact date for when that would be released. Musk – who claims to have not read the released files himself – said the impetus for the original tweet thread was about what happened in the run-up to the 2020 presidential election and “how much government influence was there.” Taibbi’s first thread reaffirmed how, in the initial hours after the Post story about Hunter Biden went live, Twitter employees grappled with fears that it could have been the result of a Russian hacking operation. It showed employees on several Twitter teams debating over whether to restrict the article under the company’s hacked materials policy, weeks before the 2020 election. The emails Taibbi obtained are consistent with what former Twitter site integrity head Yoel Roth told journalist Kara Swisher in an onstage interview last week. Taibbi said the contact from political parties happened more frequently from Democrats, but provided no internal documents to back up his assertion.
Note: For more along these lines, see concise summaries of deeply revealing news articles on media corruption from reliable sources.
Scandals brought down Harvey Weinstein’s movie studio and major opioid supplier Mallinckrodt. But their wealthy owners, directors and executives were granted lifetime immunity from related lawsuits in bankruptcy court — an overwhelmingly common tactic in major U.S. Chapter 11 cases, a Reuters review found. Such immunity grants have become a pervasive but little-understood feature of the U.S. bankruptcy system. The releases are now granted by judges in 9 of 10 major Chapter 11 cases. The lawsuit shields, requested by the company or organization in bankruptcy, are called “nondebtor” releases because they are bestowed on people and entities that never have to declare Chapter 11 themselves. The recipients effectively get the benefits of bankruptcy protection without the associated financial or reputational damage. Reuters ... examined 29 U.S. bankruptcies that were preceded by mass tort litigation against companies or other entities, many of which included allegations involving dangerous products or sexual abuse. The review found that about 1.2 million claimants in these cases have signed away their rights to sue related parties or face pressure to approve such releases in ongoing bankruptcy-court negotiations. The 29 bankruptcies included those of 14 Catholic dioceses or religious orders and the Boy Scouts of America amid lawsuits alleging child molestation; [and] the collapse of opioid suppliers Purdue Pharma LP and Mallinckrodt plc over their alleged roles in a deadly addiction epidemic.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and sexual abuse scandals from reliable major media sources.
The push for a “green revolution” in Africa ... has spent $1 billion to date, much of it from the Bill & Melinda Gates Foundation. As an annual African farming summit takes place this week in Rwanda, activists, farmers and faith leaders from Seattle to Nairobi are calling on the Gates Foundation and other funders to stop supporting an effort they say has failed to deliver on promises to radically reduce hunger and increase farmer productivity. Critics say the Alliance for a Green Revolution in Africa, founded in 2006 with money from the Gates and Rockefeller foundations, has promoted an industrial model of agriculture that poisons soils with chemicals and encourages farmers to go into debt by buying expensive seeds, fertilizers and pesticides. As a result of that debt, some farmers have had to sell their land or household goods like stoves and TVs, said Celestine Otieno and Anne Maina, both active with organizations in Kenya advocating for ecologically friendly practices. “I think it’s the second phase of colonization,” Otieno said. A donor-funded evaluation last December ... found “AGRA did not meet its headline goal of increased incomes and food security.” Peter Little, director of the global development program at Emory University, puts it another way: “I don’t think it’s come close to what it promised to do.” The criticism ... has clearly stung. This week, AGRA is launching a rebranding that drops the term “green revolution” from the organization’s name, to be known from now on by its acronym only.
Note: Read a sobering open letter to Bill Gates written by 50 food sovereignty organizations that reveals how the “Green Revolution” and genetic engineering technologies have done the opposite of reducing hunger and increasing food access. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.
Gargantuan profits continue to roll in at Europe’s energy giants. London-based Shell reported adjusted earnings of $9.45 billion for the third quarter, its second-highest profit on record. On the same day, Paris-based TotalEnergies reported a profit of $9.9 billion. For both companies, the profits were more than double what they earned in the same period a year ago. Shell and Total, like other energy companies this year, are benefiting from high oil and natural gas prices partly stoked by the war in Ukraine, as Russia squeezes gas flows to Europe. For Shell, the profit was a step down from the record-breaking $11.5 billion it reported for the second quarter, when it received an average of just over $100 a barrel for oil, compared with $93 in the third quarter. Natural gas prices, however, increased in the third quarter. Shell is returning a large chunk of this bounty to shareholders. The company said that it planned to increase its dividend to shareholders for the fourth quarter by 15 percent, to about 29 cents a share. In what may provoke a political storm in Britain, Shell said it had not yet been obliged to pay the “windfall” tax on oil and gas profits enacted earlier this year by the British government. The tax allows companies to deduct capital expenditures.
Note: Once again mega-corporations rake in the cash and stick it to the consumers. For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption from reliable major media sources.
What if I told you that a multinational oil company allegedly polluted the Amazon for almost three decades? And that the oil company has spent even more years refusing to accept liability? Or that a US attorney who agreed to represent thousands of Ecuadorian villagers in a lawsuit against that oil company has lost his law license, income, spent hundreds of days under house arrest in New York, and in 2021 was sentenced to six months in prison? From 1964 to 1990, Texaco, which merged with Chevron in 2001, allegedly spilled more than 16m gallons of crude oil – “80 times more oil than was spilled in BP’s 2010 Deepwater Horizon disaster”, according to Gizmodo – and 18bn gallons of polluted wastewater in the Amazon rainforest. The pollution allegedly contaminated the ground and waterways with toxic chemicals that the plaintiffs – mostly Indigenous people and poor farmers – say has caused cancer, miscarriages, skin conditions and birth defects. In 1993, [attorney] Steven Donziger ... began working on an environmental case on behalf of Ecuadorians. In 2011 ... an Ecuadorian court ruled that Texaco, which had been bought by Chevron at this point, was “responsible for vast contamination.” PR advisers for Chevron promised to “demonize” Donziger in the public eye. The oil company “hired private investigators to track Donziger, created a publication” which smeared him, and “put together a legal team of hundreds of lawyers from 60 firms, who have successfully pursued an extraordinary campaign against him.”
Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world from reliable major media sources.
An offshore company that is trusted by the major web browsers and other tech companies to vouch for the legitimacy of websites has connections to contractors for U.S. intelligence agencies and law enforcement, according to security researchers, documents and interviews. Google’s Chrome, Apple’s Safari, nonprofit Firefox and others allow the company, TrustCor Systems, to act as what’s known as a root certificate authority, a powerful spot in the internet’s infrastructure that guarantees websites are not fake, guiding users to them seamlessly. The company’s Panamanian registration records show that it has the identical slate of officers, agents and partners as a spyware maker identified this year as an affiliate of Arizona-based Packet Forensics, which ... has sold communication interception services to U.S. government agencies for more than a decade. TrustCor’s products include an email service that claims to be end-to-end encrypted, though experts consulted by The Washington Post said they found evidence to undermine that claim. A test version of the email service also included spyware developed by a Panamanian company related to Packet Forensics. A person familiar with Packet Forensics’ work confirmed that it had used TrustCor’s certificate process and its email service, MsgSafe, to intercept communications and help the U.S. government catch suspected terrorists. The physical address in Toronto given in [TrustCor's] auditor’s report, 371 Front St. West, houses a UPS Store mail drop.
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 a cheerfully animated promotional video, a woman narrates Cubic Transportation Systems’ vision for the future. Travelers will pay fares using a ticket-free mobile account. Real-time data will be aggregated, linked, and shared. “The more information that is gathered, the more powerful the system becomes,” the narrator tells us. “The piece of the puzzle missing ... is you.” Over the past decade, Cubic has taken the first steps toward actualizing its vision by snapping up contracts for the development of mobile-based, contactless fare collection systems in eight of America’s 10 largest public transit networks. Transit authorities have embraced tap-to-pay technology for its convenience and speed, but privacy advocates are worried that the new fare collection systems pose serious surveillance and security risks. In addition to its transit operation, Cubic is a vast military contractor doing hundreds of millions of dollars in business with the U.S. military and sales to foreign militaries. The company supplies surveillance technologies, training simulators, satellite communications equipment, computing and networking platforms, and other military hardware and software. As Cubic’s quiet grip on fare collection takes hold in more cities, the company’s ability to process rider data grows with it, creating a sprawling corporate apparatus that has the extraordinary potential to gather up reams of information on the very people it is supposed to serve.
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.
Earlier this year, Kik Messenger user “heyyyydude1” was selling a stash of videos he’d amassed of child sexual abuse. One customer, who said he was a 35-year-old father of two, offered to buy 200 videos for $45. “How do I pay?” he asked. “Cash App,” heyyyydude1 responded, sending over his payment details and a code for a Cash App referral fee. With each transaction, and many more disturbing videos sent, the seller was unknowingly providing a pile of evidence to an undercover agent with the Immigration and Customs Enforcement’s child exploitation unit. Current and former police, as well as nonprofits working directly with cops to fight child exploitation, say that such crimes are often happening via Cash App, which brings in billions in gross profit every year for Block, Inc., the Jack Dorsey-run payments giant formerly known as Square. They say that whether it’s to pay for sex with a minor, to send children funds in return for nude images or to traffic a young adult victim, Cash App is often the payment tool of choice. Though it recently launched a Cash App for Teens feature, the company is conspicuously absent from collaborative efforts to fight abuse, failing to provide any tips to the National Center for Missing and Exploited Children (NCMEC), America’s national clearing house for sexual abuse material found on tech platforms. Hundreds of pages of court filings describe cases where law enforcement said Cash App was used to either pay for sexualized images or sex with minors and adults.
Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and sexual abuse scandals from reliable major media sources.
BBC reporter Marianna Spring ... created five fake Americans and opened social media accounts for them, part of an attempt to illustrate how disinformation spreads on sites like Facebook, Twitter and TikTok despite efforts to stop it, and how that impacts American politics. Spring worked with the Pew Research Center in the U.S. to set up five archetypes. Besides the very conservative Larry and very liberal Emma, there’s Britney, a more populist conservative from Texas; Gabriela, a largely apolitical independent from Miami; and Michael, a Black teacher from Milwaukee who’s a moderate Democrat. Emma is a lesbian who follows LGBTQ groups, is an atheist, takes an active interest in women’s issues and abortion rights, supports the legalization of marijuana and follows The New York Times and NPR. These “traits” are the bait, essentially, to see how the social media companies’ algorithms kick in and what material is sent their way. That’s ... left Spring and the BBC vulnerable to charges that the project is ethically suspect in using false information to uncover false information. “By creating these false identities, she violates what I believe is a fairly clear ethical standard in journalism,” said Bob Steele, retired ethics expert. “We should not pretend that we are someone other than ourselves, with very few exceptions.” For a story last year, the Wall Street Journal created more than 100 automated accounts to see how TikTok steered users in different directions.
Note: For more along these lines, see concise summaries of deeply revealing news articles on media manipulation from reliable sources.
The web browser used within the TikTok app can track every keystroke made by its users, according to new research that is surfacing as the Chinese-owned video app grapples with U.S. lawmakers’ concerns over its data practices. The research from Felix Krause, a privacy researcher and former Google engineer, did not show how TikTok used the capability, which is embedded within the in-app browser that pops up when someone clicks an outside link. But Mr. Krause said the development was concerning because it showed TikTok had built in functionality to track users’ online habits if it chose to do so. Collecting information on what people type on their phones while visiting outside websites, which can reveal credit card numbers and passwords, is often a feature of malware and other hacking tools. Apps sometimes use in-app browsers to prevent people from visiting malicious sites or to make online browsing easier with the auto-filling of text. But while Facebook and Instagram can use in-app browsers to track data like what sites a person visited ... TikTok goes further by using code that can track each character entered by users. As with many apps, TikTok offers few chances for people to click away from its service. Instead of redirecting to mobile web browsers like Safari or Chrome, an in-app browser appears when users click on ads or links embedded within the profiles of other users. These are often the moments people enter key information like credit card details or passwords.
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.
Since Buzzfeed reported in June that employees of TikTok’s Chinese parent company ByteDance had access to US consumer data, TikTok has been the focus of rare bipartisan calls for regulation and inquiry. Those inquiries became more pressing when in July, the FBI director, Christopher Wray, called Chinese espionage the “greatest long-term threat to our nation’s ... economic vitality”. TikTok is a relatively new player in the arena of massive global social media platforms but it’s already caught the eye of regulators in Europe. New laws around child safety and general internet safety in the UK and the EU have forced the company to become more transparent about the way it operates and the way content spreads on its platform. In the US, moves to rein in the video platform have gained momentum only relatively recently, although there’s little debate that the round of regulatory pressure is warranted. With 1 billion users, the platform, which uses an algorithmic feed to push users short-form videos, has had its fair share of run-ins with misinformation, data privacy and concerns about child safety. Experts the Guardian spoke with did not question the cybersecurity threat China posed. However, some said they worried regulators’ hyper-focus on TikTok’s China connection could distract from other pressing concerns, including TikTok’s algorithm and how much user data the company collects, stores and shares. There are currently no federal regulations that protect such information.
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.
Chemical companies are dodging a federal law designed to track how many PFAS “forever chemicals” their plants are discharging into the environment by exploiting a loophole created in the Trump administration’s final months, a new analysis of federal records has found. The Fiscal Year 2020 National Defense Authorization Act put in place requirements that companies discharging over 100lb annually of the dangerous chemicals report the releases to the Environmental Protection Agency (EPA). But during the implementation process, Trump’s EPA created an unusual loophole that at least five chemical companies have exploited. PFAS ... accumulate in humans and the environment. A growing body of evidence links them to serious health problems like cancer, birth defects, liver disease and autoimmune disorders. The Trump EPA gave PFAS an unusual exemption under the law that allows companies not to report discharges if the amounts are ... less than 1% of a total mixture. Companies discharging thousands of pounds of PFAS could have gotten their releases under the 1% threshold via several routes. Companies may have added water to PFAS to dilute it to the point that it is below 1%. However, the total amount of PFAS released is still high, and may present a threat once in the environment. Companies may also be using complex mixtures with multiple PFAS. If the companies keep any one PFAS compound below the 1% threshold, then they won’t have to report it.
Note: Read more about the risks and dangers of these 'forever chemicals.' For more along these lines, see concise summaries of deeply revealing news articles on government corruption from reliable major media sources.
Pfizer's plan to as much as quadruple U.S. prices for its COVID-19 vaccine next year is beyond Wall Street's expectations and will spur its revenue for years despite weaker than anticipated demand for the new booster shot so far, analysts said. The drugmaker, which developed and sells the vaccine with Germany's BioNTech, said on Thursday evening that it is targeting a range of $110 to $130 a dose for the vaccine once the United States moves to a commercial market next year. Analysts said the move could lead to price hikes by rivals. The companies have varied the pricing during the pandemic, with wealthy countries paying the most for the shots and the poorest countries the least. Wells Fargo analyst Mohit Bansal said the new pricing range for the vaccine could add around $2.5 billion to $3 billion in annual revenue for Pfizer. "This is much higher than our assumption of $50 per shot," Bansal wrote in a research note. Global vaccine access group the People’s Vaccine Alliance, which has pushed for Pfizer to allow cheaper copies of the vaccine to be made, called the proposed price hike "daylight robbery." The price range announced by Pfizer represented a more than 10,000% markup over what experts have estimated it costs the vaccine makers to produce the shots.
Note: For more along these lines, see concise summaries of deeply revealing news articles on coronavirus vaccines from reliable major media sources.
October was a good month for Gilead Sciences, the giant manufacturer of antivirals. On 8 October, the company inked an agreement to supply the European Union with its drug remdesivir as a treatment for COVID-19—a deal potentially worth more than $1 billion. Two weeks later, on 22 October, the U.S. Food and Drug Administration (FDA) approved remdesivir for use against the pandemic coronavirus SARS-CoV-2 in the United States. Both decisions baffled scientists who have closely watched the clinical trials of remdesivir unfold. At best, one large, well-designed study found remdesivir modestly reduced the time to recover from COVID-19 in hospitalized patients with severe illness. A few smaller studies found no impact of treatment on the disease whatsoever. Then ... the World Health Organization's (WHO's) Solidarity trial showed that remdesivir does not reduce mortality or the time COVID-19 patients take to recover. Both [the] FDA's decision and the EU deal came about under unusual circumstances that gave the company important advantages. FDA never consulted a group of outside experts that it has at the ready to weigh in on complicated antiviral drug issues. The European Union, meanwhile, decided to settle on the remdesivir pricing exactly 1 week before the disappointing Solidarity trial results came out. Gilead, having donated remdesivir to the trial, was informed of the data on 23 September and knew the trial was a bust.
Note: Remdesivir had never been approved by the FDA for use before Oct. 2020, yet was rushed through the approval process, while Nobel-prize winning drug Ivermectin was all but banned, even though there was minimal evidence of harm. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.
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