Tag: mainstream media

Vaccine Execs Rake In $1 Billion In Stock Sales As Positive Headlines Boost Shares

With the race to find a vaccine for COVID-19 in full effect, biotech executives and other insiders from at least 11 companies have made hand over fist – raking in over $1 billion in stock sales after announcing positive developments, according to the New York Times.

In some cases, company insiders are profiting from regularly scheduled compensation or automatic stock trades. But in other situations, senior officials appear to be pouncing on opportunities to cash out while their stock prices are sky high. And some companies have awarded stock options to executives shortly before market-moving announcements about their vaccine progress. -NYT

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Washington Post settles $250M suit with Covington teen Nick Sandmann

The Washington Post on Friday agreed to settle a monster $250 million lawsuit filed by Covington Catholic High School student Nick Sandmann over its botched coverage of his 2019 encounter with a Native American elder.

Sandmann declared the victory in a tweet on his 18th birthday. It’s unclear how much the newspaper settled for.

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