DeSantis top donor invests in COVID drug governor promotes

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DeSantis top donor invests in COVID drug governor promotes
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Florida Gov. Ron DeSantis, who has been criticized for opposing mask mandates, is now touting a COVID-19 antibody treatment in which a top donor's company has invested millions of dollars. DeSantis has been promoting the treatment as virus cases spike.

In this Aug. 10, 2021, photo, Florida Gov. Ron DeSantis answers questions related to school openings and the wearing of masks in Surfside, Fla. Top Republicans are battling school districts in their own states’ urban, heavily Democratic areas over whether students should be required to mask up as they head back to school.

Citadel, a Chicago-based hedge fund, has $15.9 million in shares of Regeneron Pharmaceutical, according to filings with the U.S. Securities and Exchange Commission. Citadel CEO Ken Griffin has donated $10.75 million to a political committee that supports DeSantis — $5.75 million in 2018 and $5 million last April.

Experts agree with him. The drugs, when given within 10 days of initial symptoms, have been shown to cut rates of hospitalization and death by roughly 70%. DeSantis has threatened to punish school districts that require masks. He’s also opposed to vaccine passports and has had an ongoing legal battle with Norwegian Cruise Lines, which wants to require passengers to show proof of vaccination.

And while DeSantis has had a very public war of words with Democratic President Joe Biden about requiring masks in schools and other virus precautions, they both encourage monoclonal antibody treatments. A Regeneron treatment costs more than $1,000, while a vaccine costs about $25.

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