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Corporate Corruption News Stories
Excerpts of Key Corporate Corruption News Stories in Major Media


Below are highly revealing excerpts of important corporate corruption news stories reported in the media that suggest a major cover-up. Links are provided to the full stories on their major media websites. If any link fails to function, read this webpage. These corporate corruption news stories are listed by date posted to this webpage. You can explore the same articles listed by order of importance or by article date. By choosing to educate ourselves on these important issues and to spread the word, we can and will build a brighter future.


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.


Here Comes the Full Amazonification of Whole Foods
2022-02-28, New York Times
Posted: 2022-03-14 17:41:27
https://www.nytimes.com/2022/02/28/technology/whole-foods-amazon-automation.html

"Would you like to sign in with your palm?" That was the question a cheerful Amazon employee posed when greeting me last week at the opening of a Whole Foods Market in Washington's Glover Park neighborhood. For the next 30 minutes, I shopped. Then I simply walked out, no cashier necessary. Whole Foods – or rather Amazon – would bill my account later. More than four years ago, Amazon bought Whole Foods for $13 billion. Now the Amazon-ification of the grocery chain is physically complete. Amazon designed my local grocer to be almost completely run by tracking and robotic tools for the first time. The technology, known as Just Walk Out, consists of hundreds of cameras with a god's-eye view of customers. Sensors are placed under each apple, carton of oatmeal and boule of multigrain bread. Deep-learning software analyzes the shopping activity to detect patterns and increase the accuracy of its charges. The Whole Foods in Glover Park ... has sparked a spirited local debate, with residents sparring on the Nextdoor community app and a neighborhood email list over the store's "dystopian" feeling versus its "impressive technology." Some ... said they had found errors in their bills and complained about the end of produce by the pound. Everything is now offered per item, bundle or box. Some mourned the disappearance of the checkout line, where they perused magazines. Many were suspicious of the tracking tech. "It's like George Orwell's '1984,'" said Allen Hengst, 72, a retired librarian.

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


Switzerland at risk of EU blacklist after Credit Suisse leak
2022-02-21, The Guardian (One of the UK's leading newspapers)
Posted: 2022-03-14 17:35:46
https://www.theguardian.com/news/2022/feb/21/switzerland-at-risk-of-eu-blackl...

The fallout from a huge leak of Credit Suisse banking data threatened to damage Switzerland's entire financial sector on Monday after the European parliament's main political grouping raised the prospect of adding the country to a money-laundering blacklist. The European People's party (EPP), the largest political grouping of the European parliament, called for the EU to review its relationship with Switzerland and consider whether it should be added to its list of countries associated with a high risk of financial crime. Experts said that such a move would be a disaster for Switzerland's financial sector, which would face the kind of enhanced due diligence applied to transactions linked to rogue nations including Iran, Myanmar, Syria and North Korea. The EPP released the proposal after media outlets including the Guardian, SĂĽddeutsche Zeitung, the Organized Crime and Corruption Reporting Project (OCCRP), and Le Monde revealed how a massive leak of Credit Suisse data had uncovered apparently widespread failures of due diligence by the bank. The investigation, called Suisse secrets, identified clients of the Swiss bank who had been involved in torture, drug trafficking, money laundering, corruption and other serious crimes. The country's addition to the EU high-risk third countries list would mean regulated professions, such as bankers, lawyers and accountants, would be required to conduct enhanced due diligence on any transaction or commercial relationship with a person or company in the country.

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


Covid-19: WHO efforts to bring vaccine manufacturing to Africa are undermined by the drug industry
2022-02-09, The BMJ (Formerly British Medical Journal)
Posted: 2022-03-06 22:55:34
https://www.bmj.com/content/376/bmj.o304

A foundation representing the vaccine maker BioNTech has been accused of seeking to undermine the World Health Organization's initiative to bring covid vaccine manufacturing to the African continent. The kENUP Foundation, a consultancy hired by BioNTech, has claimed that WHO's hub, which is creating a covid-19 mRNA vaccine that African companies can make, is unlikely to be successful and will infringe on patents, documents obtained by The BMJ have shown. Instead, they show kENUP promoting BioNTech's proposal to ship mRNA factories housed in sea containers from Europe to Africa, initially staffed with BioNTech workers, and a proposed new regulatory pathway to approve the vaccines made in these factories. The novel pathway has been described as paternalistic and unworkable. The move threatens the pan-African venture backed by WHO that seeks to scale up African production of lifesaving vaccines from 1% to 60% by 2040. WHO's technology transfer hub, launched in June 2021 and based in South Africa, uses publicly available information to recreate Moderna's vaccine, to teach companies and scientists across the continent how to use mRNA technology. It will then develop a comparable vaccine, which, if successful in clinical trials and approved by regulators, it will manufacture industrially. In a document sent to South African government officials after a visit to the country on 11-14 August last year, the kENUP Foundation said that the hub's activity should be stopped.

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


World spends $1.8tn a year on subsidies that harm environment, study finds
2022-02-16, The Guardian (One of the UK's leading newspapers)
Posted: 2022-03-06 22:53:53
https://www.theguardian.com/environment/2022/feb/17/world-spends-18tn-a-year-...

The world is spending at least $1.8tn (Ł1.3tn) every year on subsidies driving the annihilation of wildlife and a rise in global heating, according to a new study, prompting warnings that humanity is financing its own extinction. From tax breaks for beef production in the Amazon to financial support for unsustainable groundwater pumping in the Middle East, billions of pounds of government spending and other subsidies are harming the environment, says the first cross-sector assessment for more than a decade. This government support, equivalent to 2% of global GDP, is directly working against the goals of the Paris agreement and draft targets on reversing biodiversity loss, the research on explicit subsidies found, effectively financing water pollution, land subsidence and deforestation with state money. The fossil fuel industry ($620bn), the agricultural sector ($520bn), water ($320bn) and forestry ($155bn) account for the majority of the $1.8tn, according to the report. No estimate for mining, believed to cause billions of dollars of damage to ecosystems every year, could be derived. Lack of transparency between governments and recipients means the true figure is likely to be much higher, as is the implicit cost of harmful subsidies. Last year, an International Monetary Fund report found the fossil fuel industry benefited from subsidies worth $5.9tn in 2020.

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


How The Covid-19 Vaccine Injected Billions Into Big Pharma–And Made Its Executives Very Rich
2021-05-14, Forbes
Posted: 2022-02-27 19:38:30
https://www.forbes.com/sites/forbesdigitalcovers/2021/05/14/virus-book-excerp...

Before the Covid-19 pandemic, Big Pharma had been easing out of the vaccine business for decades. Ultimately, Operation Warp Speed (OWS)–the U.S. government's Covid-19 relief program–would dole out $22 billion to Big Pharma. The amounts of money were the kinds of sums normally seen in the smaller defense budget line items, but were massive for a public health project–$2.5 billion to Moderna, $1.2 billion to AstraZeneca, half a billion dollars to Johnson & Johnson, and $1.6 billion to a small company called Novavax. Only Pfizer opted out of ponying up to the trough at first–it didn't want to devote resources to coordinating with the US government on its work. In July, Pfizer signed a $1.95 billion deal to sell one hundred million doses of its two-shot vaccine to the United States, enough for fifty million people. By February, the government had ordered three hundred million doses from Moderna, with its first shipment of one hundred million priced at thirty dollars per double-shot dose–cheaper than Pfizer partly because the United States had forked over nearly a billion dollars to Moderna research. Even more money was raining down on company insiders trading on good-news releases. Executives at Moderna and Pfizer cashed in on the vaccine, selling shares timed precisely to clinical trial press releases. Pfizer executives ... earned $14 million from stock sales in 2020. Moderna executives made $287 million from timed stock sales in 2020–and kept going.

Note: Explore hundreds of personal stories of severe vaccine injury and death that are being strongly suppressed by government and the major media. An MD's excellent research reveals that the government knew about and actively suppressed safe, effective, low-price treatments for COVID and targeted physicians who prescribed them. 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.


Pfizer revenue and profits soar on its Covid vaccine business
2021-11-02, CNN News
Posted: 2022-02-27 19:36:58
https://www.cnn.com/2021/11/02/business/pfizer-earnings/index.html

Pfizer reported that earnings and sales more than doubled in the past quarter, and it raised its outlook for results the full year, thanks greatly to its Covid-19 vaccine. The company reported adjusted earnings of $7.7 billion, up 133% from a year earlier. Revenue soared to $24.1 billion, up 134%. Both easily cleared results forecast by analysts. The vaccine business alone was responsible for more than 60% of the company's sales, as vaccine revenue rose to $14.6 billion from only $1.7 billion a year earlier. The company said its Covid vaccine sales accounted for $13 billion of that revenue. Revenue outside of its Covid vaccine business was up a far more modest 7%. This year, the Covid vaccine has brought in revenue of $24.3 billion. And Pfizer said it expects a total of $36 billion from the vaccine for all of 2021 – nearly $12 billion more in revenue the final quarter of the year. And it said based on contracts it now has signed it expects revenue $29 billion from the Covid vaccine in 2022. The company said it now expects full-year 2021 revenue of between $81 billion to $82 billion, up $2 billion from its earlier guidance. It also raised its earnings per share outlook by about 3% to 5% above what it had been expected to earn. About 67% of the total US population has had a least one dose of a Covid vaccine, and 58% are fully vaccinated, according to data tracked by the Mayo Clinic.

Note: Explore hundreds of personal stories of severe vaccine injury and death that are being strongly suppressed by government and the major media. An MD's excellent research reveals that the government knew about and actively suppressed safe, effective, low-price treatments for COVID and targeted physicians who prescribed them. 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.


Vaccine monopolies make cost of vaccinating the world against COVID at least 5 times more expensive than it could be
2021-07-09, Oxfam
Posted: 2022-02-21 19:09:34
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.


Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine
2021-05-04, New York Times
Posted: 2022-02-21 19:07:48
https://www.nytimes.com/2021/05/04/business/pfizer-covid-vaccine-profits.html

Last year, racing to develop a vaccine in record time, Pfizer made a big decision: Unlike several rival manufacturers, which vowed to forgo profits on their shots during the Covid-19 pandemic, Pfizer planned to profit on its vaccine. On Tuesday, the company announced just how much money the shot is generating. The vaccine brought in $3.5 billion in revenue in the first three months of this year, nearly a quarter of its total revenue, Pfizer reported. The vaccine was, far and away, Pfizer's biggest source of revenue. The company did not disclose the profits it derived from the vaccine, but it reiterated its previous prediction that its profit margins on the vaccine would be in the high 20 percent range. That would translate into roughly $900 million in pretax vaccine profits in the first quarter. The company's vaccine is disproportionately reaching the world's rich – an outcome, so far at least, at odds with its chief executive's pledge to ensure that poorer countries "have the same access as the rest of the world" to a vaccine that is highly effective at preventing Covid-19. As of mid-April, wealthy countries had secured more than 87 percent of the more than 700 million doses of Covid-19 vaccines dispensed worldwide, while poor countries had received only 0.2 percent. Pfizer has kept the profitability of its vaccine sales opaque. The United States, for example, is paying $19.50 for each Pfizer dose. Israel agreed to pay Pfizer about $30 per dose.

Note: If Pfizer is truly concerned about global health, why are they reaping such huge profits when other companies were willing to forgo profits. And why are they not helping the economically disadvantaged countries? 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.


Covid vaccine profits mint 9 new pharma billionaires
2021-05-21, CNN News
Posted: 2022-02-21 19:05:36
https://www.cnn.com/2021/05/21/business/covid-vaccine-billionaires/index.html

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

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


COVID vaccines are set to be among the most lucrative pharmaceutical products ever
2021-11-24, NPR
Posted: 2022-02-21 19:04:19
https://www.npr.org/2021/11/24/1059041725/covid-vaccines-are-set-to-be-among-...

This year, Pfizer expects to bring in $36 billion from worldwide sales of its COVID-19 vaccine. That would shatter the previous record in annual sales for a single pharmaceutical product - about $20 billion for the anti-inflammatory drug Humira - and make the Pfizer vaccine the bestselling pharmaceutical product ever. Moderna will deliver fewer doses but is still expecting up to $18 billion in sales for the year for its COVID-19 vaccine. Humira, has been ... churning out tens of billions of dollars a year for multiple years on end. And it's not entirely clear that the mRNA vaccines will do that. Just because Pfizer and Moderna are selling billions of doses now doesn't mean that will last forever. The vaccines could work so well they eliminate the need for further boosters, though it's also possible COVID shots could become routine, like flu shots. The uncertainty puts a premium on maximizing sales now. Any vaccine manufacturer is going to realize that there's a risk that they're going to have a very short lifecycle. Moderna got a lot of government funding, offsetting costs and minimizing risks. But the COVID-19 vaccine is its only product on the market. Pfizer, on the other hand, didn't accept early government investment and took on a lot of those upfront costs itself. But it has dozens of other products in its portfolio that it makes and will continue to make once the pandemic ends.

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.


Gen. Butler Bares 'Fascist Plot' To Seize Government by Force
1934-11-21, New York Times
Posted: 2022-01-30 02:17:41
https://www.nytimes.com/1934/11/21/archives/gen-butler-bares-fascist-plot-to-...

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

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


Major airlines warn of "catastrophic disruption" to travel and shipping from 5G debut set for Wednesday by Verizon and AT&T
2022-01-18, CBS News
Posted: 2022-01-25 14:25:48
https://www.cbsnews.com/news/5g-airlines-disruption-warning-verizon-att/

The chief executives of America's largest airlines warned of a "catastrophic disruption" to travel and shipping operations if telecommunication companies roll out their 5G technology as planned Wednesday without limiting the technology near U.S. airports. On Tuesday, AT&T and Verizon both confirmed to CBS News that they have voluntarily agreed to postpone turning on a limited amount of towers around certain airports. "We are frustrated by the FAA's inability to do what nearly 40 countries have done, which is to safely deploy 5G technology without disrupting aviation services, and we urge it to do so in a timely manner," an AT&T spokesperson said in a statement, reiterating that the rest of their 5G launch will continue as planned. The executives, writing to Transportation Secretary Pete Buttigieg and other U.S. government officials, highlighted the risk of "economic calamity" should Verizon and AT&T proceed with deploying the new technology before the necessary upgrades and changes have been made to aviation equipment. "We are writing with urgency to request that 5G be implemented everywhere in the country except within the approximate two miles of airport runways as defined by the FAA on January 19, 2022," the CEOs said in a Monday letter. "To be blunt, the nation's commerce will grind to a halt," they said. The letter was signed by CEOs of major airlines including American, United, Delta and Southwest, as well as the leaders of shipping giants FedEx and UPS.

Note: For powerful evidence there are serious risks to human health with 5g technology, see these major media articles. The former chief of Microsoft Canada has issued an urgent warning on this.


After Year of Vaccine Profiteering, Pfizer Hikes Prices on 125 Drugs
2022-01-13, Common Dreams
Posted: 2022-01-25 14:15:44
https://www.commondreams.org/news/2022/01/13/after-year-vaccine-profiteering-...

After raking in enormous profits from its coronavirus vaccine in 2021, the U.S.-based pharmaceutical giant Pfizer has kicked off the new year by hiking the prices of more than 120 of its drugs, resulting in significantly higher costs for patients amid a deadly pandemic. That's according to a new report released Thursday by Patients for Affordable Drugs (P4AD), which found that pharmaceutical companies have raised the prices of 554 medicines this month alone. Pfizer led the way with 125 price hikes to start 2022, leading P4AD to label the company the industry's "poster child for greed." "Due to sales of its Covid-19 vaccine, which is set to be the best-selling drug of all time, Pfizer shattered profit records in 2021. Projected sales for 2022 are $54.5 billion–more than double the previous record for one-year sales for a prescription drug," the report notes. "To put this into perspective, AbbVie's Humira previously held the spot with $19.8 billion in sales, and Pfizer's best-selling product just prior to the pandemic achieved worldwide revenues of $5.8 billion." "Despite this record revenue in 2021," the report continues, "Pfizer began 2022 with price hikes on seven of its 10 best-selling drugs," including its pneumonia vaccine (up 6.9%), a breast cancer medication (up 6.9%), and a treatment for people with cardiovascular disease (up 6%). "These hikes of 5% or 6% can translate into thousands of dollars in higher costs for patients," P4AD notes.

Note: See also a Forbes article asking why physicians aren't challenging outrageous pricing for medical costs. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma profiteering from reliable major media sources.


A fed-up judge condemns the inequities in America's legal system
2021-02-19, Washington Post
Posted: 2022-01-18 11:50:39
https://www.washingtonpost.com/outlook/a-fed-up-judge-condemns-the-inequities...

In "Why the Innocent Plead Guilty and the Guilty Go Free: And Other Paradoxes of Our Broken Legal System," [Judge Jed S.] Rakoff reaches far beyond corporate boardrooms to highlight an array of shortcomings within the criminal justice system. His proposed fixes are worthy of consideration but also lay bare a harsh reality: The entrenched interests tolerating the system's inequities and, in some cases, profiting from the status quo pose significant obstacles to reform. Rakoff realized that America's "system of justice is failing its mission" after becoming a federal district court judge a quarter-century ago. What's the nature of this failure? The country imprisons millions of indigent Americans yet routinely allows white-collar criminals to avoid punishment. "To a federal judge," he declares, the government's reluctance to hold executives accountable and instead enter into "cosmetic prosecution agreements" with corporations that are repeatedly violated and unenforced "is disturbing ... in what it says about the DOJ's apparent disregard for equality under the law." Rakoff fittingly cites Pfizer to exemplify his point. The four deferred-prosecution agreements between the pharmaceutical giant and federal authorities from 2002 to 2009 – all devised to prevent future misconduct – failed to stop the company from flouting the law. Through it all, Pfizer's executives went unpunished, and the fines the company paid represented a fraction of its ill-gotten gains.

Note: For a much deeper analysis and discussion of Judge Rakoff's highly revealing book by courageous journalist Matt Taibbi, see this excellent essay. Consider subscribing to Taibbi's excellent work. For more along these lines, see concise summaries of deeply revealing news articles on corruption in the court system and in Big Pharma from reliable major media sources.


The Plot Against American Democracy That Isn't Taught in Schools
2022-01-01, Rolling Stone
Posted: 2022-01-18 11:43:58
https://www.rollingstone.com/politics/politics-features/coup-jan6-fdr-new-dea...

For 33 years and four months [the highly decorated General Smedley] Butler had been a United States Marine. Butler knew what most Americans did not: that in all those years, he and his Marines had destroyed democracies and helped put into power the Hitlers and Mussolinis of Latin America, dictators like the Dominican Republic's Rafael Trujillo and Nicaragua's soon-to-be leader Anastasio Somoza – men who would employ violent repression and their U.S.-created militaries to protect American investments and their own power. He had done so on behalf of moneyed interests like City Bank, J. P. Morgan, and the Wall Street financier Grayson M.P. Murphy. And now a bond salesman, who worked for Murphy, was pitching Butler on a domestic operation that set off the old veteran's alarm bells. The bond salesman was Gerald C. MacGuire. He made his proposal: The Marine would lead half a million veterans in a march on Washington, blending the Croix de Feu's assault on the French legislature with the March on Rome that had put Mussolini's Fascisti in power. They would be financed and armed by some of the most powerful corporations in America – including DuPont, the nation's biggest manufacturer of explosives and synthetic materials. The purpose of the action was to stop Roosevelt's New Deal, the president's program to end the Great Depression, which one of the millionaire du Pont brothers deemed "nothing more or less than the Socialistic doctrine called by another name." Butler recognized this immediately as a coup.

Note: Read a concise summary of the highly decorated US General Butler's important book "War is a Racket." He makes clear that the reason we have so much war has little to do with national security and everything to do with padding the pockets of those in the military-industrial complex. Read more about the fascist plot to take over the US that he uncovered. For more along these lines, see concise summaries of deeply revealing news articles on military corruption from reliable major media sources.


Companies spent nearly $30 billion in one year marketing medical products to Americans
2019-01-09, Los Angeles Times
Posted: 2022-01-03 10:03:10
https://www.latimes.com/science/sciencenow/la-sci-sn-medical-marketing-money-...

Drug makers and other healthcare companies spent almost $30 billion in a single year to influence the medical choices made by Americans and steer them toward treatments that were newer, vastly more expensive and sometimes riskier than their tried-and-true alternatives, new research shows. The 2016 expenditures paid for TV commercials, sponsorships of patients' groups, promotional meetings for doctors, free drug samples and perks for prescribers. The amount represents a 70% increase since 1997, when drug companies began making direct appeals to American consumers. The study ... offers the most comprehensive accounting of healthcare marketing efforts to date. It traces broad shifts in the media and regulatory environment in which health companies operate, as well as the drugs and services – including erectile dysfunction pills, DNA testing kits and robotic surgery services – they are keen to sell. While lawmakers and regulators have tried to counter the impact of healthcare marketing in recent years, the reforms have had little effect on an industry that accounts for nearly 18% of the country's gross domestic product. The drug industry has increasingly turned to a more indirect approach in its marketing: sponsoring disease-awareness campaigns. Such campaigns, in which a company sponsors ads that do not name a particular medication, rose from 44 in 1997 to 401 in 2016, with an attendant spending increase from $177 million to $430 million.

Note: The pharmaceutical industry provides 75% of television advertising revenue when many countries do not allow drug advertising. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma profiteering from reliable major media sources.


This Is Your Brain On Drug Ads
2021-09-08, NPR
Posted: 2021-12-27 01:24:10
https://www.npr.org/transcripts/1035147636

British people are [asking]: What is the deal with all of these medicine ads in the U.S.? England doesn't allow commercials for prescription drugs. While there are ads for over-the-counter drugs in most of the world, the U.S. and New Zealand are the only two countries that allow drug companies to advertise prescription drugs directly to consumers. Commercials for prescription drugs do not exist in Europe or South America or Asia or Africa or Mexico or Australia, just in the U.S. and New Zealand, which is a much smaller market. It wasn't too long ago that TV in the U.S. was like the rest of the world, completely free of prescription drug ads. The '60s, the '70s, most of the '80s, there are no ads like this. By the '80s, though, ... drug companies started saying, we don't want to advertise our drugs just to doctors and pharmacists anymore. We want to market our drugs directly to consumers. The FDA was worried about how commercials would impact demand for drugs - misuse, overuse, all kinds of things. But there were compelling reasons to go directly to consumers. So in 1981, the first direct-to-consumer ad runs in print in Reader's Digest. The FDA [decided television] commercials need to say, out loud, the major risks of a drug. You just had to include the major risks of a drug, along with places where consumers could get more information about the drug, like a phone number or a website or a recommendation just to talk to your doctor. And this is what really opens the TV ad floodgates.

Note: The pharmaceutical industry provides 75% of television advertising revenue in the US. So how likely are TV stations to carry stories that reveal problems with drugs or corruption in the industry? For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma profiteering from reliable major media sources.


Investigative journalist wins British Journalism Award for "expertly researched" BMJ series
2021-12-09, The BMJ (Formerly British Medical Journal)
Posted: 2021-12-27 01:22:33
https://www.bmj.com/content/375/bmj.n3052

A journalist writing for The BMJ has won a British Journalism Award for his series on the financial interests of medical experts advising US and UK governments during the covid-19 pandemic. As a result of the articles written by Paul Thacker, an investigative journalist, the financial disclosures of members of the Scientific Advisory Group for Emergencies (SAGE) were published for the first time. Thacker's first story looked at two groups critical to the UK government's pandemic response–SAGE and the Vaccine Taskforce. He examined both and found that they did not disclose their members' financial conflicts. Some members were tied to companies with a monetary interest in the government's purchases. Thacker ... filed freedom of information (FoI) requests with multiple government departments and Oxford University. In a second story he wrote about the government's repeated refusal to turn over these data. However, the FoI ... revealed that Thacker's original request was apparently sent to a special government department to handle any reporter considered a "campaigner" or to have "extreme views." Eventually, the government relented and published the financial conflicts for the members of SAGE. In the final story of the series Thacker looked at the panels that the US and UK governments used to authorize vaccines and revealed that ... disclosure policies were inadequate. Some experts evaluating the vaccines had significant industry ties that were not disclosed.

Note: Read the full text of Thacker's article titled, "Covid-19: How independent were the US and British vaccine advisory committees?" and another titled "How the case of the Oxford professor exposes a transparency crisis in government." For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the coronavirus from reliable major media sources.


These Chemicals Disrupt the Sexual Development of Children - And They're Everywhere
2021-12-07, The Intercept
Posted: 2021-12-27 01:14:56
https://theintercept.com/2021/12/07/epa-dinp-phthalates-child-sexual-developm...

Laurie Valeriano first heard about DINP decades ago. "I started to worry about the chemicals that come out of all these plastics," she said. DINP, one of a group of chemicals called phthalates that makes plastic more pliable, was one of them. It was already clear that DINP could cause cancer and interfere with hormonal functioning. In February 2000, Valeriano and her employer, the Washington Toxics Coalition, asked the Environmental Protection Agency to add DINP to the list of chemicals it monitors through a nationwide program called the Toxics Release Inventory. Seven months later ... the EPA announced that it planned to grant the group's request and issued a proposed rule that would add DINP to the toxics inventory. Yet more than 20 years later, the EPA has yet to make good on its promise to add DINP to the list of chemicals. It never finalized the rule. Companies have continued to churn out DINP ... in astounding amounts without disclosing how much individual plants make and emit. In addition to the cancer and hormone disruption that sparked Valeriano's claim 21 years ago, we now know more about how DINP affects the sexual development of children. It decreases sperm motility, increases malformations of the testes and other organs, and makes boys ... more likely to be infertile later in life. In fact, the entire group of phthalates – an estimated half-billion pounds of which are made and used in the U.S. each year – seem to cause a similar constellation of health problems.

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Oil companies' profits soared to $174bn this year as US gas prices rose
2021-12-06, The Guardian (One of the UK's leading newspapers)
Posted: 2021-12-20 00:47:39
https://www.theguardian.com/business/2021/dec/06/oil-companies-profits-exxon-...

The largest oil and gas companies made a combined $174bn in profits in the first nine months of the year as gasoline prices climbed in the US, according to a new report. The bumper profit totals ... show that in the third quarter of 2021 alone, 24 top oil and gas companies made more than $74bn in net income. From January to September, the net income of the group, which includes Exxon, Chevron, Shell and BP, was $174bn. Gasoline prices have hit a seven-year high in the US due to the rising cost of oil, with Americans now paying about $3.40 for a gallon of fuel compared with around $2.10 a year ago. The Biden administration has warned the price hikes are hurting low-income people, even as it attempts to implement a climate agenda that would see America move away from fossil fuels, and has released 50m barrels of oil from the national strategic reserve to help dampen costs. But oil and gas companies have shown little willingness so far to ramp up production to help reduce costs and the new report, by the government watchdog group Accountable.US, accuses them of "taking advantage of bloated prices, fleecing American families along the way" amid ongoing fallout from the Covid-19 pandemic. The analysis of major oil companies' financials shows that 11 of the group gave payouts to shareholders worth more than $36.5bn collectively this year, while a dozen bought back $8bn-worth of stock.

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