Reprinted with permission from ProPublica
The former pharmaceutical executive tapped by President Donald Trump to lead the administration's race to a COVID-19 vaccine is refusing to give up investments that stand to benefit from his work — at least during his lifetime.
The executive, Moncef Slaoui, is the top scientist on Operation Warp Speed, the administration's effort to develop a coronavirus vaccine in record time. Federal law requires government officials to disclose their personal finances and divest any holdings relating to their work, but Slaoui said he wouldn't take the job under those conditions. So the administration said it's treating him as a contractor. Contractors aren't bound by the same ethics rules but also aren't supposed to wield as much authority as full employees.