Trump's newly appointed coronavirus czar Moncef Slaoui will divest his $10 million in stocks from the pharma company Moderna, after initially claiming there was no conflict of interest
Dr. Moncef Slaoui speaks at a White House press conference on May 15, 2020, announcing a program to rapidly develop a coronavirus vaccine.Dr. Moncef Slaoui, the former Moderna board member who was tapped last week to lead "Operation Warp Speed," the White House effort to find a COVID-19 vaccine, will divest in his stock options from Moderna, the company said.
"Consistent with this appointment, we can also confirm that Dr. Slaoui is divesting all of his equity interest in Moderna so that there is no conflict of interest," the company said in a statement. Dr. Moncef Slaoui, an ex-Moderna board chair who was last week tapped to lead the White House effort to develop a COVID-19 vaccine, will divest his, representatives from Moderna said Monday afternoon.
The company added: "We wish Dr. Slaoui well in this new role, and we know he has a lot to contribute as our nation — and the world— address the COVID-19 pandemic."
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