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CEO Who Raised AIDS Drug Price 5000% Admits It Costs Only About $1 To Make



Martin Shkreli, the former hedge fund manager who reportedly has a history of price gouging pharmaceuticals, made a stunning admission that went largely unnoticed.

The nation was enraged this week when Turing Pharmaceuticals bought the rights to a 62-year old lifesaving drug used mostly by AIDS and cancer patients suffering parasitic infections, and raised the price about 5000%.

Daraprim cost $13.50 per pill until CEO Martin Shkreli, a former hedge fund manager, raised the price to $750 per pill.

In an interview this week (video above) a Bloomberg reporter told him, “my understanding was that to actually produce this pill, it costs, what, only a dollar?”

“It costs very little make Daraprim,” Shkreli acknowledged. He then talked about all the other costs that go into the pill, including distribution, and other manufacturing costs, but he also acknowledged those costs “are not up 5000%.”

“We needed to turn a profit on the drug,” Shkreli said. “The companies before us were just giving it away… the price of a course of treatment to save your life was only $1000 and we know, these days, cancer drugs can cost $100,000 or more.”

Shkreli insists that at $750 per pill Daraprim is still “underpriced relative to its peers.” 

LOOK: After Outrage Pharmaceutical Exec Now Says He’ll Drop AIDS Drug Price – Won’t Say How Much

Last night, after promising to not change his mind in response to national outrage, Shkreli finally agreed to lower the price, but refused to state how much.

He may not have bowed to pressure from the general public, however.

Hillary Clinton this week, in response to Shkreli raising the price, sent one tweet that tanked pharmaceutical stock prices, and followed up by promising to ensure drug price gouging would never be allowed if she is elected.

And on Monday, Sen. Bernie Sanders and Rep. Elijah Cummings sent Turing Pharmaceuticals a letter stating they were opening an investigation into Daraprim’s price.


Image: Screenshot via Bloomberg
Hat tip: GayRVA

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‘Minneapolis Is Burning’: Shocking Videos Emerge as Protesters Seek Justice for George Floyd



Protesters and police clashed for a second night in Minneapolis as the former cop who killed George Floyd remains a free man.

Photos and video from the scene show at least one business burning.

Here are some of the images from the protest:

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DOJ Spokesperson Tells Fox News Bill Barr Is Opening Investigation Into Unmasking by Obama Administration During 2016 Election



Dept. of Justice Spokesperson Kerri Kupec says Bill Barr has authorized the opening of an investigation into “unmasking” that took place before, during, and after the 2016 presidential election by the Obama administration. It is the latest move by the Attorney General to further politicize the DOJ in an effort to re-write history as President Donald Trump would like it told.

Barr has tasked John Dash, a U.S. Attorney in Texas, with conducting the investigation.

Kupac made the announcement on Fox News Wednesday night, telling host and frequent Trump advisor Sean Hannity that Barr has concerns about the “frequency” and the “motivation” of unmasking requests.

“When you’re looking at unmasking as part of a broader investigation,” Kupac told Hannity, “who was unmasking whom, can add a lot to our understanding about motivation and big picture events.”

Unmasking, the act of requesting to learn the identity of a U.S. individual caught up in Intelligence Community telephone intercepts of foreign actors, is perfectly legal, which Kupac noted.

The Trump administration escalated unmasking requests, nearly doubling them in 2018, as this LA Times Legal Affairs Columnist notes:

But Sean Hannity painted a far different picture for his Fox News supporters.

“I have been told by my sources now Kerri, for years, that there have been unmasking at an increase of three-fold in the second term of the Obama administration. Um… I’ve been told that even members of Donald Trump’s family have been unmasked. Members of the media have been unmasked.”

Hannity could have actually done some basic research to get actual facts.

It’s important to note that in administrations that don’t politicize intelligence and turn the Dept. of Justice into a weapon for the president’s re-election, any announcement of a major investigation would be made in a non-partisan environment like the DOJ’s press briefing room, and all regular media outlets would be included.


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‘Political Hack’ Kellyanne Conway Destroyed for Condescendingly Comparing Standing in Line to Vote to Buying Cupcakes



White House Counselor to the President Kellyanne Conway for the second time on Wednesday is drawing outrage for her offensive remarks. After painting a target on the back of the Twitter executive responsible for preventing disinformation and hoaxes, she’s now under fire for comparing standing in line to vote to standing in line to buy cupcakes.

On Wednesday, Conways remarks drove her to the number two slot on Twitter’s top trending items, just below the SpaceX launch.

“People are very proud to show up and go to the polls,” Conway told reporters. “They really are. I mean they wait in line at Georgetown Cupcake for an hour to get a cupcake,” she said, somewhat condescendingly.

“So I think they can probably wait in line to do something as consequential and critical and constitutionally significant as cast their ballot.”

Not all of America waits in line to buy cupcakes in Washington, D.C. And those who wait in line the most to vote generally live in poor and minority neighborhoods.

Americans can and do wait in line, often for hours, to vote. They shouldn’t have to. In the middle of a pandemic Americans want the opportunity to not contract – or spread – the deadly virus the President she works for has made even worse.

One American, U.S. Congressman Mark Pocan, Democrat of Wisconsin, had the perfect response to Conway’s condescension.

His remarks were echoed by others:

And still others had a few words to share about Conway’s comments:

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