Article: Fact check: Resolved lawsuits against Pfizer alleged marketing fraud, data manipulation

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Fact check: Resolved lawsuits against Pfizer alleged marketing fraud, data manipulation

Adrienne Dunn, 19 May 2021

The claim: Pfizer was sued for $2.3 billion for “bribing doctors and suppressing adverse trial results” A viral social media post suggests that Americans shouldn’t trust Pfizer — one of the primary producers of coronavirus vaccines — because of a 2009 lawsuit against the pharmaceutical company.

The April 26 Instagram post claims, “Pfizer got sued for $2,300,000,000 in 2009 for ‘bribing doctors and suppressing adverse trial results.'”

The caption reads, “And you still trust them ?? With your babies ???” The post appears to be referencing a $2.3 billion settlement by Pfizer in 2009, but it’s misleading about the scope of the allegations relating to the settlement. Continue reading “Article: Fact check: Resolved lawsuits against Pfizer alleged marketing fraud, data manipulation”

Article: Half of S&P 500 report more money for foreign taxes than U.S. taxes

Article - Media, Publications

Half of S&P 500 report more money for foreign taxes than U.S. taxes

STEPHEN GANDEL, 09 April 2021

Nearly half of the large U.S. companies that make up the S&P 500-stock index set aside more money to pay foreign taxes in 2020 than they did for payments to the U.S. government — a lot more money.

In all, 241 S&P 500 companies last year earmarked a combined $73 billion for taxes to foreign governments and just $6.7 billion to cover U.S. taxes, according to a CBS MoneyWatch analysis of the companies’ regulatory filings and data from financial information firm FactSet. That’s a foreign-to-domestic tax ratio of more than 10-to-1.

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