Lawmakers call on SEC to investigate the trading activity of a number of health care executives—some of whom have already made millions of dollars in stock trades during the scramble for coronavirus treatments.
to develop drugs in its domestic factories. The newspaper cited sources familiar with the matter. The SEC declined to comment when reached by ABC News, and a Kodak spokesman said the iconic photography company has"not been contacted yet by the SEC." The spokesman said he could not confirm whether there was an investigation underway, but said that"the company intends to fully cooperate with any potential inquiries.
A sign marks the headquarters of Moderna, an American biotechnology company that is developing a vaccine against COVID-19, in Cambridge, Massachusetts, on May 18, 2020."They recognize that any mention of a COVID-19 solution is a potential market moving statement," Frenkel said. Moderna Therapeutics, the drug company that has become a domestic leading contender in the race for a vaccine, has also attracted unwanted attention for its executive trading. The company's stock shares rose as much as 21% in April after the company announced a deal with the federal government that would pay as much as $483 million for the development of a vaccine.
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