Saturday, October 10, 2020

There it is

Regeneron board member and executive sell $1 million in stock after Trump touts treatment
On Monday, when markets opened, Regeneron stock prices surged from $564 to over $600 a share. That day, Joseph Goldstein, who sits on the company’s board of directors, and SVP and Head of Commercial Marion McCourt exercised stock options that let them sell a total of 10,200 shares for a net profit of over $1 million. According to filings, that netted about $740,000 for Goldstein and $260,000 for McCourt.

...The New York Times reported that Trump’s financial documents reveal the president’s three family trusts held investments in Regeneron as well as pharmaceutical giant Sanofi, which itself is a major shareholder in Regeneron.