Price invested about $10,000 in 2015 and another $50,000 to $100,000 in the company last summer, records show. He appears to have sold all those shares on two days in February, reaping between $265,000 and $550,000, according to forms he filed last month with the federal Office of Government Ethics.
On the same day the stockbroker for then-Georgia Congressman Tom Price bought him up to $90,000 of stock in six pharmaceutical companies last year, Price arranged to call a top U.S. health official, seeking to scuttle a controversial rule that could have hurt the firms’ profits and driven down their share prices, records obtained by ProPublica show.
Senators Elizabeth Warren, Jeff Merkley, and Richard Blumenthal referred to a ProPublica story, which cited a source saying that Preet Bharara was overseeing an investigation of HHS Secretary Tom Price’s trading in health stocks. They asked whether Attorney General Sessions, President Trump or other officials in the Justice Department or White House were aware of such a probe before they removed Bharara, the top federal prosecutor in Manhattan.
Tom Price, head of the Department of Health and Human Services, came under scrutiny during his confirmation hearings for investments he made while serving in Congress. The Georgia lawmaker traded hundreds of thousands of dollars worth of shares in health-related companies, even as he voted on and sponsored legislation affecting the industry.
After the election, an influential advocacy group met to discuss how to leverage the extraordinary shift of power to Republicans in the rest of the country. Group members said they would push bills to reduce corporate taxes, weaken unions, privatize schooling and influence the ideological debate on college campuses.
“National Review’s right. Donald Trump’s not a conservative.” Instead, Gingrich characterized him as “an American nationalist” who uses a deliberately unpredictable mix of hostility against “stupidity,” liberals and political correctness.
Davis denied all allegations of wrongdoing, saying he was trying to clean up a troubled PAC. But according to records and interviews, Davis pushed for much of the group’s nearly $3 million to go to organizations run by him or his close associates.
There’s no evidence to support Donald Trump’s claim that Ted Cruz played a role in a super PAC’s attack on his wife. But federal rules barring coordination between candidates and the super PACs that support them have been so rarely enforced that even if Trump were right, it’s uncertain the Cruz campaign would be penalized.