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What he thinks is that people are going to be outraged over this and new regulations will drive down the stock price of other pharmaceuticals which he has short
by n0us 11y ago
What he thinks is that people are going to be outraged over this and new regulations will drive down the stock price of other pharmaceuticals which he has shorted, and if that fails he will still make some money off the pills.
It's an excellent bet even if it is extremely immoral.
- eitally 11y agoAnd so far it's working. Look at Valeant for a timely example. And they aren't the only ones facing federal inquiries. http://fortune.com/2015/10/22/valeant-debt/ http://fortune.com/2015/10/22/valeant-debt/ http://www.streetinsider.com/FDA/House+Oversight+Committee+Democrats+Request+Subpoena+of+Valeant+Pharma+(VRX)/10924647.html http://www.streetinsider.com/FDA/House+Oversight+Committee+D... https://aishealth.com/archive/ndbn100915-04 https://aishealth.com/archive/ndbn100915-04