Trump's HHS Pick Accused of Undervaluing Healthcare Stocks he Owns

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Overview of this Controversy

Date Originated: April of 2017
Categories: Tom Price & Donald Trump
Representative Tom Price, Donald Trumps choice for Secretary of Health and Human Services, bought stock in a company that manufactures knee and hip implants and then introduced legislation that would have benefited both the company and himself days later. The company, Zimmer Biomet, then donated $1,000 to Representative Price's reelection campaign shortly thereafter. Update: ProPublica reported that "[o]n 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."
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