Tags: Trump Administration | Tom Price | HHS | Traded | Medical Stocks | House

WSJ: Trump's HHS Pick Price Traded Medical Stocks While in House

WSJ: Trump's HHS Pick Price Traded Medical Stocks While in House

(AP)

By    |   Friday, 23 December 2016 10:52 AM

President-elect Donald Trump's choice for Health and Human Services Secretary Tom Price traded more than $300,000 in medical stocks while in a position to influence those companies serving in the House, The Wall Street Journal reported.

The Georgia Republican bought and sold shares in 40 health-care related companies while at the same time sponsoring or co-sponsoring more than 40 health-related bills in the House, the Journal reported.

Price's largest stock buy, according to the Journal, was north of $50,000 in an Australian biomedical firm whose largest shareholder is a GOP congressman on Trump's transition team.

The stock has since doubled in price, the Journal reported.

"Dr. Price takes his obligation to uphold the public trust very seriously," Phil Blando, a spokesman for Price and the Trump transition, told the Journal in a statement, adding that Price has "complied fully with all applicable laws and ethics rules governing his personal finances."

Price chairs the House Budget Committee and sits on the health panel of the Ways and Means Committee, which oversees Medicare.

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President-elect Donald Trump's choice for Health and Human Services Secretary Tom Price traded more than $300,000 in medical stocks while in a position to influence those companies serving in the House, The Wall Street Journal reported.
Tom Price, HHS, Traded, Medical Stocks, House
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2016-52-23
Friday, 23 December 2016 10:52 AM
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