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What are Obamas investments in biotech companies apparently developing the bird and swine flu vaccine?-
George W. Bush announced the International Partnership on Avian and Pandemic Influenza at the United Nations General Assembly on September 14, 2005, placing the US under UN and WHO law in the event of a pandemic emergency.
Earlier that year, in April, 2005, Barack Obama introduced the first comprehensive bill to deal with the bird flu threat, the Avian act. According to reports, Obama made significant investments in biotech companies involved in the development of bird and swine flu.
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Obamas ties to Baxter in addition to Chicago HQ
February 22, 2005
Less than two months after ascending to the United States Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors.
One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Mr. Obama took the lead in a legislative push for more federal spending to battle the disease.
But he put $50,000 to $100,000 into an account at UBS, which his aides say was recommended to him by a wealthy friend, George W. Haywood, who was also a major investor in both Skyterra and AVI BioPharma, public securities filings show.
Within two weeks of his purchase of the biotech stock that Feb. 22, Mr. Obama initiated what he has called one of my top priorities since arriving in the Senate, a push to increase federal financing to fight avian flu.
His first step came on March 4, 2005, when the Senate Foreign Relations Committee approved his request for $25 million to help contain the disease in Asia; the full Senate later approved that measure. And in April 2005, he introduced a bill calling f
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