Trump Ally Dr. Oz Hyped Unapproved 'Covid Cures' From Companies He Owns Shares Of

Zinger Key Points
  • Dr. Mehmet Oz publicly supported the role of hydroxychloroquine as a treatment option for COVID-19.
  • New financial disclosures show Oz holds shares of two companies connected to the drug.
Trump Ally Dr. Oz Hyped Unapproved 'Covid Cures' From Companies He Owns Shares Of

Republican Pennsylvania Senate candidate Dr. Mehmet Oz owns shares of two companies he publicly supported, touting their drugs as potential Covid-19 treatments — even though the drugs weren't approved by the U.S. Food and Drug Administration (FDA).

What Happened: Dr. Oz, who rose to fame as the host of the “Dr. Oz Show” from 2009 to 2022, owns shares of Thermo Fisher Scientific TMO and McKesson MCK — two companies that are linked to the anti-malaria drug hydroxychloroquine.

Oz, and many other public figures including former President Donald Trump, have publicly stated the drug as a possible Covid-19 treatment. While the FDA has approved hydroxychloroquine as a treatment for malaria, it has not approved the drug as safe and effective against Covid-19.

Thermo Fisher supplies the drug and McKesson is a distributor.

Oz and his wife own $615,000 in shares of Thermo Fisher, according to new filings. Oz and his wife also own a stake in McKesson valued between $15,001 and $50,000 according to a new filing.

Oz also urged the White House to back studies on the drug, according to emails from a House select subcommittee on the coronavirus crisis. He also used public appearances on Fox News to publicly support hydroxychloroquine as a promising Covid-19 treatment.

According to The New York Times, Oz promoted chloroquine and hydroxychloroquine in over 25 appearances on Fox between March and April of 2020.

It remains unclear as to when Oz and his wife purchased the stocks and if they owned shares of the companies prior to his public support for the drug. A spokesperson for Oz’s campaign did not answer questions from CNBC on the timing of the purchase.

“At the outset of the pandemic, Dr. Mehmet Oz spoke with health experts worldwide who were seeing hydroxychloroquine and azithromycin as viable treatment options for desperately ill COVID patients,” the spokesperson told CNBC.

Earlier this year, Oz said he didn't know if "it works or not," adding:

"We still to this day had not been able to prove if it (hydroxychloroquine) works or not, which is a shame,” Oz said. “I mentioned it and then President Trump mentioned it in a press conference, and all of a sudden the entire world hated hydroxychloroquine without testing it, without knowing about it.”

See Also: Chloroquine, Hydroxychloroquine And Coronavirus: What You Should Know 

Why It’s Important: Oz, who has received campaign support from Trump throughout 2022, is running for office in Pennsylvania. If elected, Oz would be one of many members of Congress who own shares of public companies.

The election of Oz to the Senate could create conflicts of interest if he voices support for companies with certain drugs and treatment options that could potentially line his pockets.

There has been increasing public support to ban stock trading for members of Congress and their spouses.

Ethics rules for members of Congress prevent elected officials from using their position to promote goods or services that they stand to financially benefit from.

The news dropping of Oz’s stake in companies that could have benefitted from his public support could also be used as a negative in his Senate campaign.

"The Dr. Oz Show" was distributed by Sony Group Corp SONY.

Image: Shutterstock

Posted In: CoronavirusCovid-19Donald TrumpDr. OzhydroxychloroquineMehmet OzPresident Donald TrumpNewsPoliticsGeneral

11 Best Black Friday Deals on Amazon

11 Best Black Friday Deals on Amazon

The best Black Friday deals from Amazon are still coming hard and fast because the holiday is not yet upon us and the mega-retailer prefers to keep consumers on the hook for as long as possible—spending as much money as possible. 

To that end, here are some of the best Black Friday deals from Amazon that you might want to consider today.

Calphalon 10-Piece Pots and Pans Set

Regular Price: $172

Sale Price: $138.88

Calphalon’s 10-Piece Pots and Pans Set is designed with stainless steel, stay-cool handles along with pour spouts. The nonstick surface is PFOA-free and built with hard-anodized aluminum that is both durable and conducts heat extremely well. The set includes 2 fry pans, a sauce pan with cover, saute pan with cover and large stock pot with cover.

Apple AirPods 2nd Generation

Regular Price: $144

Sale Price: $85.49

The 2nd Generation AirPods from Apple connect to all Apple devices and give you an enhanced listening experience. Plus, they come with a case that keeps them safe and allows you to charge them in a secure environment. With over 24 hours of battery life, access to Siri and easy setup, you can start listening to your favorite tunes or podcasts today.

Adidas Ultraboost 21 Running Shoes

Regular Price: $129.98

Sale Price: $89.98

The Adidas Women’s Ultraboost 21 running shoe is perfect for anyone who likes a short run, maybe a 5K, half marathon or more. Coming in several colors and styles, you can slip these shoes on, enjoy the cushioned outsole, sink into the supple insole and secure laces.

Ninja AF101 Air Fryer

Regular Price: $129.99

Sale Price: $97.83

The Ninja AF101 Air Fryer allows you to crisp, roast, reheat and even dehydrate food products faster and cheaper than ever before. It has a 4-quart capacity and offers a wide temperature range along with several time settings so that you can customize each dish to your needs. Plus, all the parts are dishwasher safe.

Beats Solo3 Wireless On-Ear Headphones

Regular Price: $199.95

Sale Price: $99

Beats by Dr. Dre are among the best headphones on the market, and the Solo3 Wireless On-Ear Headphones include the Apple W1 chip, Class 1 Bluetooth and 40 hours of battery time. These headphones even have a built-in microphone and offer an adjustable fit so that you can be comfortable whether you’re listening to an Android or iOS device.

Hoover Power Scrub Deluxe Carpet Cleaner

Regular Price: $198.98

Sale Price: $175.98

The Hoover Power Scrub Deluxe Carpet Cleaner allows you to keep your home spotless and clean up after your pets. The cleaner comes with the Hoover Paws and Claws Deep shampoo and a storage mat to keep the floor dry once it’s put away.

LG CordZero Auto Empty Cordless Stick Vacuum

Regular Price: $999.00

Sale Price: $851.71

The LG CordZero Auto Empty Cordless Stick Vacuum and Wet Mop All in One Tower is designed to work in homes with several pets or children and clean up all the messes that life brings. The battery lasts up to 2 hours, and there’s an extra removable battery that gives you even more cleaning time and power.

Breville Fresh and Furious Blender

Regular Price: $278.60

Sale Price: $199.95

Breville, a top name in blenders and juicers, offers the Fresh and Furious Blender, featuring 50-ounce capacity, Vac Q technology, pre-programmed cycles, LCD display and lid with pull ring. With the Fresh and Furious Blender, you can make everything from a smoothie to a soup and everything in between.

Hot Tools Professional 2000 Turbo Ionic Hair Dryer

Regular Price: $89.99

Sale Price: $55.63

The Hot Tools Professional 2000 Turbo Ionic Hair Dryer is designed for professional use, but it works perfectly in the home. With 1875 watts of power, 6 heat and speed settings and a lightweight design, you can easily style your hair and utilize the diffuser, cut back on the frizz and stretch the 8 ft cord for maximum functionality.

Columbia Heavenly Long Hooded Jacket

Regular Price: $160

Sale Price: $97.38

The Heavenly Long Hooded Jacket from Columbia is designed to be light for everyday use, but it’s heavy enough to protect you from the cold. The plush fleece lining, security pocket, water resistant fabric, 2-way zipper, and zippered hand pockets make the jacket both protective and functional.

ConAir InfinitiPro Hair Dryer

Regular Price: $49.99

Sale Price: $29.99

ConAir is one of the biggest names in hair and beauty, and the InfinitPro is an 1875 watt hair dryer designed for professionals with ceramic technology. The dryer comes with a diffuser and concentrator, and it allows you to blow out your hair just the way they would at the salon.

Deals the Experts Are Hoping For

Experts believe that Amazon’s Black Friday sale could linger for quite some time. It all started with the Prime Early Access sale on October 11 and 12. Previously, Amazon has offered the “Epic Deals” sale that ran through late October. 

This is to say that any sale could come up at any time. 

Even so, those monitoring Amazon are looking forward to a few potential deals, including:

  • Apple Watch
  • AirPods (any generation)
  • MacBook Pro
  • Large, underpriced TVs
  • Amazon Echo
  • More small home appliances (Dyson or Shark vacuums, Instant Pots, etc.) 

While these predictions are based on last year’s Amazon Black Friday Sale, it’s important to remember that most Black Friday sales are fairly consistent and push the products that are most likely to sell.


Featured image sourced from Shutterstock

Posted In: Partner ContentGeneral