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Martin Shkreli Loses $26 Million After Being Arrested

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The price of his new company’s stock plummeted today on the news that Martin Shkreli was arrested Thursday morning.

Less than a month ago, Martin Shkreli invested in another pharmaceuticals company with the intent of repeating his drug price gouging act that earned him international condemnation. Shkreli bought his way into KaloBios, becoming its majority shareholder, CEO, and chairman. Shkreli invested millions into the company, and saw its stock soar to at one point 5000 percent higher. The stock when Shkreli bought the company last month was trading at $.90 a share, but “skyrocketed….to over $30.00 by the beginning of December.”

Upon news of Shkreli’s arrest on securities fraud this morning by the FBI, shares of KaloBios plummeted before trading was halted.

UPDATE: Martin Shkreli Ran Companies ‘Like A Ponzi Scheme’ Prosecutor Charges (Video)

“With the stock last changing hands at $11.03 in premarket trade prior to the halt, down $12.87, or 53%, from Wednesday’s closing price of $23.59, Shkreli’s stake was worth $26.7 million less than yesterday,” MarketWatch reports this morning.

Shkrlei’s net worth had been estimated at $100 million, but he is also being sued for $65 million by a former company, according to Heavy.

 

Image via Martin Shkreli/Twitter

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CNN’s Pam Brown Spars With GOP Rep. Blaming High Prices on Biden

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CNN Anchor Pamela Brown sparred with U.S. Rep. Lisa McClain of Michigan, the Chair of the House Republican Conference, who was blaming former President Joe Biden for soaring prices nine full months into the Trump administration. Trump during the presidential campaign promised to lower prices on day one.

“This isn’t a quick fix, right?” Congresswoman McClain told Brown on Monday. “The past four years dug a very deep hole for the American people.”

“It’s gonna take us a hot second to get out of it,” she insisted, “but I have all the confidence in President Trump that he absolutely is working for the American people to get us out of that devastating inflationary period under the last administration.”

Brown was not receptive.

READ MORE: ‘Not Right in the Head’: Notorious Far Right Leader Fuentes Goes Off on ‘Weird’ Trump

“But this administration is nine months in,” she reminded the Michigan lawmaker, “and President Trump had vowed to lower prices from day one, from very early on in the administration. So at what point is it?”

“Gas is down,” McClain declared. “Eggs is down.”

“I mean, we don’t talk about the price of eggs anymore,” she added. “Um, come on.”

“But those other areas,” Brown responded. “Other areas.”

“It’s gonna take a half second,” McClain insisted.

“Okay,” Brown said, moving on. “All right, Congressman.”

“I mean,” McClain continued, “if there was a silver bullet to get us out of this mess that was created under the Biden administration, I have the ultimate faith that President Trump could do it.”

“Unfortunately, there is a lot to unravel, and I don’t think you’re being quite as fair as he has — gas prices are down.”

READ MORE: ‘Sick’: Jeffries Torches Trump’s ‘Out of Control’ Press Secretary

“I did say that,” Brown replied, “No, no, I am being fair.”

Earlier, Brown had pointed to remarks U.S. Rep. Marjorie Taylor Greene (R-GA) had made about the high cost of living, lamenting, “inflation crushed people in the past four and a half years, and the costs have not come down.”

“I myself can tell you, my apartment here in Washington, D.C., the electricity bill is $100 more than it was last year, ’cause you can look at your own bill and look at costs,” Greene said. “Prices have not come down.”

READ MORE: Trump’s ICE Expands Spy Arsenal and Eyes ‘Antifa’: Report

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Guns and Guided Missile Warheads: Trump Admin Surged Domestic Weapons Spending Report Says

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The Trump administration’s Immigration and Customs Enforcement agency (ICE) has reportedly surged spending this year on domestic weapons — including guns, chemical weapons, explosives, and guided missile warheads — by 700 percent.

“Records from the Federal Procurement Data System reveal that ICE has increased spending on ‘small arms, ordnance, and ordnance accessories manufacturing’ by 700% compared to 2024 levels,” according to a report by Popular Information. “Most of the spending was on guns and armor, but there have also been significant purchases of chemical weapons and ‘guided missile warheads and explosive components.'”

“More weapons, more violence,” wrote Popular Information founder Judd Legum, noting that the “surge in spending on ICE weaponry has coincided with a wave of violent incidents by ICE officers.”

Legum pointed to several well-publicized incidents, including one recently where a Christian pastor, David Black, reportedly was shot in the head with a pepper ball.

READ MORE: ‘Not Right in the Head’: Notorious Far Right Leader Fuentes Goes Off on ‘Weird’ Trump

“In another September incident, an ICE officer dropped his gun while violently making an arrest and then pointed it at bystanders,” Legum wrote.

“All over the country, federal agents have shot, gassed, and detained individuals engaged in cherished and protected activities,” a lawsuit filed by the ACLU of Illinois reads.

“What we’re seeing is a general escalation of violence and the use of excessive force by ICE officers,” Ed Yohnka of the ACLU Illinois told NPR.

“Late last month,” NPR also reported, “a local CBS reporter said a masked ICE agent fired a pepper ball at her car … causing her to vomit for hours. The reporter, Asal Rezaei, said there was no protest happening at the time. Broadview Police are now investigating.”

READ MORE: ‘Sick’: Jeffries Torches Trump’s ‘Out of Control’ Press Secretary

 

Image via Reuters

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‘Not Right in the Head’: Notorious Far Right Leader Fuentes Goes Off on ‘Weird’ Trump

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White nationalist influencer Nick Fuentes, who infamously once dined with President Donald Trump and Kanye West (Ye) at Mar-a-Lago, blasted the president last week as a “weird guy” who is “not right in the head.”

“Look, something’s wrong with him, man,” Fuentes told a viewer on his online streaming show, as Mediaite reported. “And I’m not saying that to be nasty, but like, he’s a weird guy.”

“And some of the stuff that he does, just the way that he’s always glazing himself, and repeats himself.”

READ MORE: ‘Existential Threat’: U.S. on Path to Authoritarianism Warn Ex-Intelligence Officials

“Something’s, he’s not right in the head, and I don’t know if that’s his psychology or if it’s just his age, but there’s something not right there, and anyone that’s been around him will tell you that,” Fuentes charged.

“He’s a weird dude,” he added. “Like, he’s an odd cat, and maybe you need to be to be as tough as he is, but he’s not sharp. If there was something wrong with him ten years ago, it was a lot less apparent, because ten years ago, he’s a lot more sharp, and, I think, compelling, and general, and now, he’s just slow and monotonous, and repeats himself, and seems to really not know what’s going on.”

Fuentes was responding to a viewer who had written, “Looks like your assessment of Trump as a tired old man is correct.”

“Saw a report today that lots of his view of Chicago or NYC is from old BLM riot clips people show him. He just wants to play golf, fly on AF1, have fancy dinner parties, sign Oval Office EOs, watch 80s movie and get told he is getting revenge on [John] Bolton.”

READ MORE: ‘Sick’: Jeffries Torches Trump’s ‘Out of Control’ Press Secretary

 

Image via Reuters

 

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