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Revealing News For a Better World

Corporate Corruption News Articles
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Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.


Note: Explore our full index to revealing excerpts of key major media news articles on dozens of engaging topics. And read excerpts from 20 of the most revealing news articles ever published.


How Pfizer Hid Nearly 80% of COVID Vaccine Trial Deaths From Regulators
2023-10-27, The Defender
https://childrenshealthdefense.org/defender/pfizer-hid-data-covid-vaccine-tri...

Pfizer-BioNTech delayed reporting vaccine-associated deaths among BNT162b2 clinical trial participants until after the U.S. Food and Drug Administration (FDA) issued an Emergency Use Authorization (EUA) for the product. The vaccine makers also failed to account for a large number of subjects who dropped out of the trial. Together, these strategies kept regulators and the public ignorant of a 3.7-fold increase in cardiac deaths among subjects who received the vaccine, according to analysis in the International Journal of Vaccine Theory, Practice, and Research. Investigators looked at each of the 38 deaths occurring between July 27, 2020, the start of phase 2/3 of the Pfizer-BioNTech vaccine trial, and March 13, 2021, the end date culminating in Pfizer-BioNTech's 6-month interim report. This trial phase involved 44,060 subjects. Half received a dose of BNT162b2, half got a placebo. The trial was unusual because at week 20 after the FDA issued the EUA for the vaccine, trial subjects in the placebo group were allowed to switch to the vaccinated group and receive their first BNT162b2 shot. Of 20,794 unblinded placebo subjects in the Pfizer trial, 19,685 received at least one dose of BNT162b2. After 33 weeks the data revealed no significant difference between deaths in the vaccinated and placebo groups for the initial 20-week placebo-controlled portion of the trial. 79% of relevant deaths were not recorded in time to be included in Pfizer's regulatory paperwork.

Note: Read our recent essay on Big Pharma corruption to further explore the significant harms associated with the COVID vaccine. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and coronavirus vaccines from reliable major media sources.


Food Industry Influence Could Cloud the U.S. Dietary Guidelines, a New Report Says
2023-10-04, New York Times
https://www.nytimes.com/2023/10/04/well/eat/dietary-guidelines-food-industry....

Some of the experts responsible for helping to craft the U.S. dietary guidelines also take money from big food and drug companies. A report ... by the nonprofit U.S. Right to Know makes those concerns plain. Nine of the 20 experts on the 2025 Dietary Guidelines Advisory Committee have had conflicts of interest in the food, beverage, pharmaceutical or weight loss industries in the last five years, the report found. Gary Ruskin, the executive director of the nonprofit, said the finding "erodes confidence in the dietary guidelines," which provide recommendations on how people can eat a healthier diet. The guidelines are widely used by policymakers to set priorities in federal food programs, health care and education. Questions about industry influence could damage the public's trust that the recommendations are based in science. When committee members receive funding from certain industry groups or organizations, it raises the concern that they may be biased, Dr. [Marion] Nestle said. "Part of the problem is the influence is unconscious," she said. "People don't recognize it," she added, and will often deny it. Even if such relationships do not influence the experts, Mr. Ruskin said, they can create the appearance that they do – which can seed doubt about how independent the committee's recommendations actually are. Industry influence can [also] creep in later in the process ... when the U.S.D.A. and the H.H.S. produce the final guidelines based on the committee's advice.

Note: U.S. Right to Know is an excellent resource for investigating how the food industry shapes science, policy and public opinion. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption from reliable major media sources.


In our blood: how the US allowed toxic chemicals to seep into our lives
2023-09-13, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/environment/2023/sep/13/us-environmental-protecti...

For decades, it was the secret behind the magic show of homemaking across the US. Applied to a pan, it could keep a fried egg from sticking to the surface. Perfluorooctanoic acid, or PFOA, was ... seeping into the blood and organs of hundreds of millions of people who used products containing the chemical. PFOA is just one of dozens of modern-day chemicals that are found in the bodies of the majority of Americans. Research has also shown that more Americans are facing a growing number of ailments and disorders, from autoimmune disease to developmental disorders such as autism and some cancers. Scientists are increasingly concerned these two truths are linked. Scientists have accumulated enough data to conclude with confidence that humans face significant health risks from exposure to common commercial chemicals, and that regulations designed to protect them are failing. Due to flaws in federal regulation, the US Environmental Protection Agency (EPA) is perennially playing catch up. The majority of the 86,000 consumer chemicals registered with the agency have never received vigorous toxicity testing. Kyla Bennett, a former EPA employee [said] that at recent rates of review, it would take thousands of years to assess all 86,000 chemicals currently approved for use. EPA staff ... say the agency's chemical programs remain understaffed, overwhelmed and burdened by still-ineffective regulations and a persistent culture that enables the chemical industry instead of counterbalancing it.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health issues from reliable major media sources.


Nissan, Kia can collect data on drivers' ‘sexual activity' and ‘sex lives': privacy watchdog
2023-09-06, New York Post
https://nypost.com/2023/09/06/nissan-kia-collect-data-about-drivers-sexual-ac...

Car makers Nissan and Kia can collect data on their drivers' "sexual activity" and "sex lives" – and may sell the info to third-party advertisers, according to a shocking study by an internet privacy watchdog. The creepy collection of personal information by the two auto companies earned them failing grades from The Mozilla Foundation, maker of the Firefox web browser, which ran privacy checks on 25 car brands. The foundation said most car companies can comb through a variety of sources to glean personal information about drivers after they pair their smartphones with a vehicle's connected services. "This invasive harvesting of information is collected via a web of sensors, microphones, cameras and the phones, apps, and connected services you use in your vehicle," according to Mozilla Foundation. The car firms can then take that data and sell it to or share it with vendors, insurance companies and others. Of the 25 car brands that were reviewed, Nissan's privacy policy "is probably the most ... messed up privacy policy we have ever read," according to Mozilla Foundation. "They come right out and say they can collect and share your sexual activity, health diagnosis data, and genetic information and other sensitive personal information for targeted marketing purposes," the foundation wrote. Mozilla Foundation also flagged other car companies such as Chrysler, Chevrolet, Toyota, Audi, Jeep, and Honda for "brazenly collecting deeply personal information from the moment they get into a car."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy from reliable major media sources.


Why did the National Honey Board hire a PR firm that works for the pesticide industry?
2023-08-08, U.S. Right to Know
https://usrtk.org/pesticides/national-honey-board-porter-novelli/

In 2016, the American honey industry faced a crisis: The U.S. Food and Drug Administration had found high levels of glyphosate, an herbicide linked to cancer, in honey samples from Iowa. The National Honey Board (NHB), a honey industry-funded agency of the U.S. Department of Agriculture, did what many businesses under fire have done: They hired a crisis management public relations firm, in this case to downplay the risks of glyphosate in honey. The PR firm, Porter Novelli, later worked with the NHB to deflect concerns about honey containing neonicotinoids. The insect-killing chemicals are tied to the collapse of bee colonies. At the same time, Porter Novelli was working for Bayer, a leading manufacturer of glyphosate and neonicotinoids. The PR firm's work for Bayer included promoting the use of neonicotinoids and opposing regulations that would safeguard honey bees. CropLife America, the pesticide industry lobby group, has also hired Porter Novelli's subsidiary, Paradigm Communications, to "lead the effort to shift how pesticide products were portrayed in search engine results," according to the Intercept. Search terms compiled by CropLife America staff included "neonicotinoid," "pollinators," and "neonics." As other countries responded to the science by banning neonics, in the U.S., "industry dug in, seeking not only to discredit the research but to cast pesticide companies as a solution to the problem." Studies show the insecticides are toxic to the brain and nervous system [of humans].

Note: According to the CDC, about half the U.S. population is exposed to at least one neonic on a regular basis, with children ages 3-5 years old having the highest levels. Merchants of Poison: How Monsanto Sold the World on a Toxic Pesticide is a recent and comprehensive analysis of documents released in litigation against Monsanto that expose years of pesticide industry disinformation. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption.


EPA approved fuel ingredient with sky-high lifetime cancer risk, document reveals
2023-08-04, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/environment/2023/aug/04/epa-boat-fuel-cancer-risk...

The Environmental Protection Agency approved a component of boat fuel made from discarded plastic that the agency's own risk formula determined was so hazardous, everyone exposed to the substance continually over a lifetime would be expected to develop cancer. Current and former EPA scientists said that threat level is unheard of. It is a million times higher than what the agency usually considers acceptable for new chemicals and six times worse than the risk of lung cancer from a lifetime of smoking. Federal law requires the EPA to conduct safety reviews before allowing new chemical products on to the market. If the agency finds that a substance causes unreasonable risk to health or the environment, the EPA is not allowed to approve it without first finding ways to reduce that risk. But the agency did not do that in this case. Instead, the EPA decided its scientists were overstating the risks and gave Chevron the go-ahead to make the new boat fuel ingredient at its refinery in Pascagoula, Mississippi. Though the substance can poison air and contaminate water, EPA officials mandated no remedies other than requiring workers to wear gloves, records show. The EPA division that approves new chemicals usually limits lifetime cancer risk from an air pollutant to one additional case of cancer in a million people. That means that if a million people are continuously exposed over a presumed lifetime of 70 years, there would likely be at least one case of cancer on top of those from other risks people already face.

Note: For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health from reliable major media sources.


'Outrageous': MEPs condemn pesticide companies for withholding toxicity data
2023-07-19, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/environment/2023/jul/19/meps-condemn-pesticide-co...

The pesticide companies Bayer and Syngenta have been excoriated in a European parliament hearing after failing to disclose studies on the brain toxicity of their products. European regulators said the companies had breached legal obligations and behaved unethically. The withholding of nine brain toxicity studies from European regulators over the last 20 years was revealed by the Guardian in June, reporting findings from Swedish academics. They discovered that these toxicity studies had been submitted to the US pesticide regulator but not to the EU authorities. Dr Axel Mie, of Stockholm University, who led the research ... told a special hearing in the European parliament on Tuesday: "If a company decides by themselves which studies to disclose and which ones to withhold, it is obvious that the decisions by the [regulatory] authorities become unreliable." He said risk management decisions had been delayed by 18 years in one case. MEPs were scathing about the companies. The Swedish MEP Emma Wiesner, a member of the European parliament's committee on the environment, public health and food safety, said: "The behaviour found in this study is really unacceptable. More than a quarter of the studies [sent to US authorities] were not sent into the European agencies – that is outrageous." Martin HÄ‚¤usling, a German MEP and member of the agriculture committee, said: "This is a right old scandal. These [are] clear breaches of existing law and previous law. And yet there are no consequences."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in the corporate world and in the food system from reliable major media sources.


Government Contracts With COVID Vaccine Makers Let Federal Agencies Bypass Normal Regulatory Process, FOIA Documents Show
2023-06-30, The Defender
https://childrenshealthdefense.org/defender/hhs-barda-covid-vaccine-makers-by...

A little-known federal agency called BARDA dedicated to countering "health security threats" was responsible for conducting the quality review of every COVID-19 vaccine dose administered in the U.S., Sasha Latypova reported on her Substack. But BARDA, the Biomedical Advanced Research and Development Authority, which has a "militarized" purpose according to Latypova, is not subject to the same regulations as typical pharmaceutical manufacturers, distributors or regulatory agencies. "The public was told these vaccines are made by Pfizer and Moderna and rigorously approved by the FDA," [said Latypova]. That ... would mean that the "consumer protections we expect from pharmaceutical products, medical devices and even food ... we expect them to be in place." But in fact, countermeasures contracts made available through Freedom of Information Act (FOIA) requests ... and U.S. Securities and Exchange Commission disclosures show the U.S. Department of Defense (DOD) and BARDA contracts with the pharmaceutical companies were structured such that these protections weren't required. The contracts also specified that manufacturers and federal agencies were protected by the Public Readiness and Emergency Preparedness (PREP) Act, which shields "covered persons" – such as pharmaceutical companies, or the DOD/BARDA – from liability for injuries sustained from "countermeasures," such as vaccines ... administered during a public health emergency.

Note: Sasha Latypova is a former pharmaceutical industry executive who now specializes in uncovering fraud in pharmaceutical research, development, and manufacturing. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and coronavirus vaccines from reliable major media sources.


Instagram Connects Vast Pedophile Network
2023-06-07, Wall Street Journal
https://www.wsj.com/articles/instagram-vast-pedophile-network-4ab7189?mod=tre...

Instagram, the popular social-media site owned by Platforms, helps connect and promote a vast network of accounts openly devoted to the commission and purchase of underage-sex content, according to investigations by The Wall Street Journal and researchers at Stanford University and the University of Massachusetts Amherst. Instagram doesn't merely host these activities. Its algorithms promote them. Instagram connects pedophiles and guides them to content sellers via recommendation systems that excel at linking those who share niche interests. Certain accounts invite buyers to commission specific acts. Some menus include prices for videos of children harming themselves and "imagery of the minor performing sexual acts with animals." At the right price, children are available for in-person "meet ups." Current and former Meta employees who have worked on Instagram child-safety initiatives estimate the number of accounts that exist primarily to follow such content is in the high hundreds of thousands, if not millions. In 2022, the [National Center for Missing & Exploited Children] received 31.9 million reports of child pornography ... up 47% from two years earlier. Meta accounted for 85% of the child pornography reports filed to the center, including some 5 million from Instagram. Instagram has permitted users to search for terms that its own algorithms know may be associated with illegal material. In such cases, a pop-up screen for users warned that "These results may contain images of child sexual abuse."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and sexual abuse scandals from reliable major media sources.


Big Tech Companies Are Becoming More Powerful Than Nation-States
2023-04-25, Common Dreams
https://www.commondreams.org/opinion/big-tech-companies-more-powerful-than-na...

U.S. citizens are being subjected to a relentless onslaught from intrusive technologies that have become embedded in the everyday fabric of our lives, creating unprecedented levels of social and political upheaval. These widely used technologies ... include social media and what Harvard professor Shoshanna Zuboff calls "surveillance capitalism"–the buying and selling of our personal info and even our DNA in the corporate marketplace. But powerful new ones are poised to create another wave of radical change. Under the mantle of the "Fourth Industrial Revolution," these include artificial intelligence or AI, the metaverse, the Internet of Things, the Internet of Bodies (in which our physical and health data is added into the mix to be processed by AI), and my personal favorite, police robots. This is a two-pronged effort involving both powerful corporations and government initiatives. These tech-based systems are operating "below the radar" and rarely discussed in the mainstream media. The world's biggest tech companies are now richer and more powerful than most countries. According to an article in PC Week in 2021 discussing Apple's dominance: "By taking the current valuation of Apple, Microsoft, Amazon, and others, then comparing them to the GDP of countries on a map, we can see just how crazy things have become… Valued at $2.2 trillion, the Cupertino company is richer than 96% of the world. In fact, only seven countries currently outrank the maker of the iPhone financially."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the disappearance of privacy from reliable major media sources.


A Front Company and a Fake Identity: How the U.S. Came to Use Spyware It Was Trying to Kill
2023-04-02, New York Times
https://www.nytimes.com/2023/04/02/us/politics/nso-contract-us-spy.html

The secret contract was finalized on Nov. 8, 2021, a deal between a company that has acted as a front for the United States government and the American affiliate of a notorious Israeli hacking firm. Under the arrangement, the Israeli firm, NSO Group, gave the U.S. government access to one of its most powerful weapons – a geolocation tool that can covertly track mobile phones around the world without the phone user's knowledge or consent. Only five days earlier, the Biden administration had announced it was taking action against NSO, whose hacking tools for years had been abused by governments around the world to spy on political dissidents, human rights activists and journalists. The White House placed NSO on a Commerce Department blacklist, declaring the company a national security threat. The secret contract ... violates the Biden administration's public policy, and still appears to be active. The contract, reviewed by The Times, stated that the "United States government" would be the ultimate user of the tool, although it is unclear which government agency authorized the deal and might be using the spyware. Elements of America's expansive national security apparatus in recent years have bought the weapons, deployed them against drug traffickers, and have quietly pushed to consolidate control of them into the hands of the United States and its closest allies. The F.B.I. purchased access in 2019 to NSO's most powerful hacking tool, known as Pegasus, which invades mobile phones and mines their contents.

Note: Read how journalists and activists have been targeted with NSO Group spyware. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and the disappearance of privacy from reliable major media sources.


This lawyer should be world-famous for his battle with Chevron – but he's in jail
2022-02-08, The Guardian (One of the UK's Leading Newspapers)
https://www.theguardian.com/commentisfree/2022/feb/08/chevron-amazon-ecuador-...

What if I told you that a multinational oil company allegedly polluted the Amazon for almost three decades? And that the oil company has spent even more years refusing to accept liability? Or that a US attorney who agreed to represent thousands of Ecuadorian villagers in a lawsuit against that oil company has lost his law license, income, spent hundreds of days under house arrest in New York, and in 2021 was sentenced to six months in prison? From 1964 to 1990, Texaco, which merged with Chevron in 2001, allegedly spilled more than 16m gallons of crude oil – "80 times more oil than was spilled in BP's 2010 Deepwater Horizon disaster", according to Gizmodo – and 18bn gallons of polluted wastewater in the Amazon rainforest. The pollution allegedly contaminated the ground and waterways with toxic chemicals that the plaintiffs – mostly Indigenous people and poor farmers – say has caused cancer, miscarriages, skin conditions and birth defects. In 1993, [attorney] Steven Donziger ... began working on an environmental case on behalf of Ecuadorians. In 2011 ... an Ecuadorian court ruled that Texaco, which had been bought by Chevron at this point, was "responsible for vast contamination." PR advisers for Chevron promised to "demonize" Donziger in the public eye. The oil company "hired private investigators to track Donziger, created a publication" which smeared him, and "put together a legal team of hundreds of lawyers from 60 firms, who have successfully pursued an extraordinary campaign against him."

Note: For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world from reliable major media sources.


The ‘very, very bad look' of remdesivir, the first FDA-approved COVID-19 drug
2020-10-28, Science
https://www.science.org/content/article/very-very-bad-look-remdesivir-first-f...

October was a good month for Gilead Sciences, the giant manufacturer of antivirals. On 8 October, the company inked an agreement to supply the European Union with its drug remdesivir as a treatment for COVID-19–a deal potentially worth more than $1 billion. Two weeks later, on 22 October, the U.S. Food and Drug Administration (FDA) approved remdesivir for use against the pandemic coronavirus SARS-CoV-2 in the United States. Both decisions baffled scientists who have closely watched the clinical trials of remdesivir unfold. At best, one large, well-designed study found remdesivir modestly reduced the time to recover from COVID-19 in hospitalized patients with severe illness. A few smaller studies found no impact of treatment on the disease whatsoever. Then ... the World Health Organization's (WHO's) Solidarity trial showed that remdesivir does not reduce mortality or the time COVID-19 patients take to recover. Both [the] FDA's decision and the EU deal came about under unusual circumstances that gave the company important advantages. FDA never consulted a group of outside experts that it has at the ready to weigh in on complicated antiviral drug issues. The European Union, meanwhile, decided to settle on the remdesivir pricing exactly 1 week before the disappointing Solidarity trial results came out. Gilead, having donated remdesivir to the trial, was informed of the data on 23 September and knew the trial was a bust.

Note: Remdesivir had never been approved by the FDA for use before Oct. 2020, yet was rushed through the approval process, while Nobel-prize winning drug Ivermectin was all but banned, even though there was minimal evidence of harm. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


After Year of Vaccine Profiteering, Pfizer Hikes Prices on 125 Drugs
2022-01-13, Common Dreams
https://www.commondreams.org/news/2022/01/13/after-year-vaccine-profiteering-...

After raking in enormous profits from its coronavirus vaccine in 2021, the U.S.-based pharmaceutical giant Pfizer has kicked off the new year by hiking the prices of more than 120 of its drugs, resulting in significantly higher costs for patients amid a deadly pandemic. That's according to a new report released Thursday by Patients for Affordable Drugs (P4AD), which found that pharmaceutical companies have raised the prices of 554 medicines this month alone. Pfizer led the way with 125 price hikes to start 2022, leading P4AD to label the company the industry's "poster child for greed." "Due to sales of its Covid-19 vaccine, which is set to be the best-selling drug of all time, Pfizer shattered profit records in 2021. Projected sales for 2022 are $54.5 billion–more than double the previous record for one-year sales for a prescription drug," the report notes. "To put this into perspective, AbbVie's Humira previously held the spot with $19.8 billion in sales, and Pfizer's best-selling product just prior to the pandemic achieved worldwide revenues of $5.8 billion." "Despite this record revenue in 2021," the report continues, "Pfizer began 2022 with price hikes on seven of its 10 best-selling drugs," including its pneumonia vaccine (up 6.9%), a breast cancer medication (up 6.9%), and a treatment for people with cardiovascular disease (up 6%). "These hikes of 5% or 6% can translate into thousands of dollars in higher costs for patients," P4AD notes.

Note: See also a Forbes article asking why physicians aren't challenging outrageous pricing for medical costs. For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma profiteering from reliable major media sources.


Facebook admits the truth: ‘Fact checks' are really just (lefty) opinion
2021-12-14, New York Post
https://nypost.com/2021/12/14/facebook-admits-the-truth-fact-checks-are-reall...

https://nypost.com/2021/12/14/facebook-admits-the-truth-fact-checks-are-really-just...

Facebook finally admitted the truth: The "fact checks" that social media use to police what Americans read and watch are just "opinion." That's thanks to a lawsuit brought by celebrated journalist John Stossel, which has exposed the left's supposed battle against "misinformation" as a farce. Stossel posted a pair of videos that touched the third rail of liberal politics – climate change. Neither questioned whether climate change is real, but each talked about other issues, namely forest management and using technology to adapt. Yet the third party that Facebook contracts to review these pieces, Science Feedback, flagged them as "false," or our favorite, "lacking context." Why? Science Feedback didn't like Stossel's "tone." That is, you can't write anything about climate change unless you say it's the worst disaster in the history of humanity and we must spend trillions to fight it. The Post has faced this same gauntlet too many times. In February 2020, we published a column by Steven W. Mosher asking if COVID-19 leaked from the Wuhan Lab. This was labeled "false" by Facebook's fact-checkers. Of course, those supposed "independent" scientific reviewers relied on a group of experts who had a vested interest in dismissing that theory – including EcoHealth, which had funded the Wuhan lab. When Twitter "fact checked" and blocked The Post's stories about Hunter Biden's laptop as "hacked materials," what was the basis? Nothing. It wasn't hacked. Guess they didn't like our tone.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and media manipulation from reliable sources.


Covid-19 testing is a financial windfall for hospitals and other providers
2021-05-10, CNN News
https://www.cnn.com/2021/05/10/health/covid-testing-financial-khn/index.html

Hospitals are charging up to $650 for a simple, molecular covid test that costs $50 or less to run, according to Medicare claims analyzed for KHN by Hospital Pricing Specialists (HPS). Charges by large health systems range from $20 to $1,419 per test, a new national survey by KFF shows. And some free-standing emergency rooms are charging more than $1,000 per test. The insurance company passes on its higher costs to consumers in higher premiums. Gargantuan volume – 400 million tests and counting, for one type – combined with loose rules on prices have made the service a bonanza for hospitals and clinics. Lab companies have been booking record profits by charging $100 per test. Even in-network prices negotiated and paid by insurance companies often run much more than that. In some cases, hospitals and clinics have supplemented revenue from covid tests with extra charges that go far beyond those for a simple swab. Warren Goldstein was surprised when Austin Emergency Center, in Texas, charged him and his wife $494 upfront for two covid tests. He was shocked when the center billed insurance $1,978 for his test, which he expected would cost $100. His insurer paid $325 for "emergency services" for him, even though there was no emergency. "It seemed like highway robbery," said Goldstein. A World Health Organization cost assessment of running 5,000 covid tests on Roche and Abbott analyzers ... came to $17 and $21 per test, respectively.

Note: For more along these lines, see concise summaries of deeply revealing news articles on corporate corruption and the coronavirus from reliable major media sources.


The drug industry keeps ramping up its spending on lobbying
2021-05-07, Washington Post
https://www.washingtonpost.com/politics/2021/05/07/health-202-drug-industry-k...

The pharmaceutical industry keeps turning up the dial on lobbying, setting massive new spending records in its intensive effort to influence Congress and the Biden administration. Yet this week, President Biden angered drugmakers when he said he supports the waiving of intellectual property protections for coronavirus vaccines. Drug and health product manufacturers, along with their national association, spent a combined $92 million to lobby the federal government from January through March. That puts the industry on track to break its spending record for the second year in a row. Not only that, but its first-quarter spending was more than double what was spent by the second-highest-spending industry, electronics companies. There are currently 1,270 registered lobbyists for pharmaceuticals and health products – more than two lobbyists for every member of Congress. Pfizer, maker of one of the three coronavirus vaccines approved for emergency use in the United States, was the biggest spender of any individual drug company. And last year, as it was developing its vaccine, the federal government agreed to pay the company $1.95 billion for the first 100 million doses it produced. The company reported it had $3.5 billion in revenue from sales of the vaccine so far this year. Pfizer was outflanked on lobbying spending only by the Pharmaceutical Research and Manufacturers of America – the national association that represents the interests of drugmakers.

Note: For more along these lines, see concise summaries of deeply revealing news articles on Big Pharma corruption and the coronavirus vaccine from reliable major media sources.


Global banks seek to contain damage over $2 trillion of suspicious transfers
2020-09-21, MSN News/Reuters
https://www.msn.com/en-us/money/markets/global-banks-seek-to-contain-damage-o...

Global banks faced a fresh scandal about dirty money on Monday as they sought to limit the fallout from a cache of leaked documents showing they transferred more than $2 trillion in suspect funds over nearly two decades. Britain-based HSBC Holdings Plc, Standard Chartered Plc and Barclays Plc, Germany's Deutsche Bank AG and Commerzbank AG, and U.S.-headquartered JPMorgan Chase & Co and Bank of New York Mellon Corp were among the lenders named in the report by the International Consortium of Investigative Journalists and based on leaked documents. The report was based on 2,100 leaked suspicious activity reports (SARs), covering transactions between 1999 and 2017, filed by banks and other financial firms with the U.S. Department of Treasury's Financial Crimes Enforcement Network (FinCEN). Banks are required to file an SAR whenever handling funds that cause grounds for suspicion of criminal activity. The reports revealed broader problems with the monitoring system at the heart of global policing of money laundering and other criminal activity. Investors worried about the potential fallout for global banks, many of which have faced hefty fines in the past for lapses in controls and spent billions of dollars to bolster compliance. "It confirms what we already knew: that there are huge amounts of SARs being filed with relatively low numbers of cases brought through to prosecution,” said Etelka Bogardi, a Hong Kong-based financial services partner at Norton Rose Fulbright. "It also brings out the point that managing financial crime risk goes beyond making SARs," Bogardi said.

Note: The original ICIJ report is titled “Global banks defy U.S. crackdowns by serving oligarchs, criminals and terrorists.” Compare with the title of the New York Times article on this, “Banks Suspected Illegal Activity, but Processed Big Transactions Anyway.” A search on this topic shows that headlines of almost all major media have watered this down, likely to not upset the big banks. For more along these lines, see concise summaries of deeply revealing news articles on financial industry corruption from reliable major media sources.


Coronavirus patients could be cash cows for nursing homes
2020-05-03, Los Angeles Times
https://www.latimes.com/california/story/2020-05-03/coronavirus-nursing-homes...

The nursing home industry has been devastated by the coronavirus, with outbreaks killing thousands of elderly residents. But the health crisis presents operators with a potential financial upside. Patients with COVID-19 could be worth more than four times what homes are able to charge for long-term residents with relatively mild health issues. Some patient advocates and industry experts fear the premium pay available for coronavirus patients – and a simultaneous easing of regulations around transfers – could tempt some home operators to move out low-paying residents to bring in more lucrative COVID-19 patients, despite the obvious health risks to residents and staff. "There are probably some unscrupulous operators who would jump at this," said David Grabowski, a professor of healthcare policy at Harvard Medical School. A new Medicare reimbursement system that went into effect last fall pays nursing homes substantially more for new patients – including those released from a hospital – particularly for the first few weeks. Under those guidelines, COVID-19 patients can bring in upward of $800 per day. By contrast, facilities collect as little as $200 per day for long-term patients with dementia. Nursing homes have always had a financial incentive to attract the short-term patients ... Grabowski said. But the health risks for existing residents and staff are so high with COVID-19, Grabowski said, "I'd be a little suspicious of a low-quality nursing home that's jumping to the head of the line for this."

Note: Another excellent article presents more important questions on how this might skew death statistics for the coronavirus. For more along these lines, see concise summaries of deeply revealing news articles on the coronavirus from reliable major media sources.


The Secretive Company That Might End Privacy as We Know It
2020-01-08, New York Times
https://www.nytimes.com/2020/01/18/technology/clearview-privacy-facial-recogn...

Mr. Ton-That — an Australian techie and onetime model — did something momentous: He invented a tool that could end your ability to walk down the street anonymously. His tiny company, Clearview AI, devised a groundbreaking facial recognition app. You take a picture of a person, upload it and get to see public photos of that person, along with links to where those photos appeared. The system — whose backbone is a database of more than three billion images that Clearview claims to have scraped from Facebook, YouTube, Venmo and millions of other websites — goes far beyond anything ever constructed by the United States government or Silicon Valley giants. Without public scrutiny, more than 600 law enforcement agencies have started using Clearview in the past year. The computer code underlying its app ... includes programming language to pair it with augmented-reality glasses; users would potentially be able to identify every person they saw. The tool could identify activists at a protest or an attractive stranger on the subway, revealing not just their names but where they lived, what they did and whom they knew. And it’s not just law enforcement: Clearview has also licensed the app to at least a handful of companies for security purposes. Because the police upload photos of people they’re trying to identify, Clearview possesses a growing database of individuals who have attracted attention from law enforcement. The company also has the ability to manipulate the results that the police see.

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