Connect with us

Northeast

Casey tied to Chinese firm he claimed McCormick-led company invested in to 'profit' off fentanyl crisis

Published

on

Casey tied to Chinese firm he claimed McCormick-led company invested in to 'profit' off fentanyl crisis

Join Fox News for access to this content

You have reached your maximum number of articles. Log in or create an account FREE of charge to continue reading.

By entering your email and pushing continue, you are agreeing to Fox News’ Terms of Use and Privacy Policy, which includes our Notice of Financial Incentive.

Please enter a valid email address.

Having trouble? Click here.

Pennsylvania Sen. Bob Casey is invested, through several mutual funds, in the same Chinese fentanyl manufacturer that he recently claimed a company that was led by Republican candidate Dave McCormick was “profiting off people’s pain” by investing in.

The senator’s campaign claimed McCormick “saw a way to get even richer” in the fentanyl crisis, in an ad released earlier this month slamming the company he led, Bridgewater Associates, for investing in Humanwell. The ad connected the Chinese company to deaths from fentanyl occurring in Pennsylvania, noting that “nearly all” fentanyl starts in China. 

Advertisement

However, Casey, through his investments, owns shares in a mutual fund that owns stock in the Chinese company as well, according to publicly available financial disclosures. 

Through his ownership of shares in a college savings plan, which is invested in the Massachusetts College Portfolio, a mutual fund managed by Fidelity, Casey is invested in Humanwell. But, his ultimate stake in the company is minimal. 

BALANCE OF POWER: TRUMP CAMPAIGN SLAMS SEN TESTER AS ‘RADICALLY OUT OF TOUCH’ AFTER ABORTION AD ROLLOUT

Sen. Bob Casey was revealed to own stock in the same Chinese company that he attacked his opponent for investing in. (Getty Images)

Maddy McDaniel, a spokesperson for the Pennsylvania Democrat’s campaign, told Fox News Digital in a statement, “David McCormick will say anything to try and cover up how he sold out Pennsylvanians for profit, but the facts are clear: he directly invested millions in Chinese fentanyl and profited off Pennsylvanians’ pain. David McCormick decided to invest in a Chinese fentanyl company and Bob Casey never did.”

Advertisement

As of 2021, Bridgewater Associates had a nearly $1.7 million investment in Humanwell across seven different hedge funds, according to publicly available records with the Department of Labor (DOL). McCormick was CEO of Bridgewater from 2020 to 2022.

“With his ad, Bob Casey has put his own hypocrisy and lies on display, and it’s proof of why Pennsylvanians are so tired of career politicians,” McCormick said in a statement to Fox News Digital. “Casey has had 18 years to secure our border and prevent fentanyl from killing 100,000 Americans last year alone – under his weakness, this crisis has worsened beyond imagination.”

Casey is also invested through mutual funds in Jiangsu Nhwa Pharmaceutical and Sinopharm Group, which are similarly involved in the manufacturing and wholesale of Chinese narcotics, respectively. 

‘FEEL BETRAYED’: TOP CONSERVATIVE GROUP BLASTS VULNERABLE DEMS ON INFLATION IN MULTIMILLION-DOLLAR AD BLITZ’: 

Bundles of blue pills containing fentanyl intercepted at the border. (U.S. Customs and Border Protection)

Advertisement

Humanwell, as a pharmaceutical manufacturing company, produces medical-grade opiates. It is not one of the Chinese companies that has been singled out by the U.S. as a producer of lethal fentanyl precursor chemicals that are transported illegally through the southern border. 

According to the Drug Enforcement Administration (DEA), “illicit fentanyl, primarily manufactured in foreign clandestine labs and smuggled into the United States through Mexico, is being distributed across the country and sold on the illegal drug market.” 

Overdose deaths due to synthetic opioids have risen substantially, with the primary cause being illicitly manufactured fentanyl, per the DEA. 

BLINKEN PRESSURED TO FREEZE AFGHANISTAN AID AFTER REVELATION NEARLY $300M COULD HAVE GONE TO TALIBAN

McCormick accused Casey of lying about him and slammed the Democrat for failing to stop fentanyl trafficking over the border. (Getty Images)

Advertisement

Pennsylvania is shaping up to be one of the most important states in the 2024 election, potentially deciding the presidential race and which party will control the Senate. And one particularly pressing issue in the state is the rapid increase in overdose deaths and substance abuse. 

In 2022, Pennsylvania had the 14th-highest drug overdose death rate in the country. There were a total of 5,169 deaths from drug overdoses, per the Centers for Disease Control and Prevention (CDC). 

‘NEVER HEARD OF HIM’: HARRIS VP PICK WALZ HAS LITTLE NOTORIETY AMONG TRUMP-VANCE VOTERS IN PA

A map shows which states have higher rates of overdose deaths. (Centers for Disease Control and Prevention)

Following Casey’s ad hitting McCormick on investing in Humanwell, the Pennsylvania Republican cut his own ad, claiming, “Bob Casey is lying about me.”

Advertisement

“I never made any investments in the makers of illegal fentanyl, ever,” he said. “Bob Casey is too weak to close the border and too weak to tell the truth.”

Casey’s Pennsylvania Senate seat is considered “Lean Democratic” in the 2024 election, according to nonpartisan political handicapper the Cook Political Report. In a recent poll by the New York Times and Siena College, Casey led McCormick 51% to 37% among likely voters and 50% to 36% among registered voters. 

Get the latest updates from the 2024 campaign trail, exclusive interviews and more at our Fox News Digital election hub

Read the full article from Here

Advertisement
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Northeast

DHS torches New Jersey’s profane ‘F—ICE Act’ as assaults on agents skyrocket 1,300%

Published

on

DHS torches New Jersey’s profane ‘F—ICE Act’ as assaults on agents skyrocket 1,300%

NEWYou can now listen to Fox News articles!

EXCLUSIVE: The Department of Homeland Security slammed a new vulgar New Jersey bill aimed at punishing federal immigration enforcement in the Garden State, highlighting several victims of crimes committed by illegal immigrants that officials say lawmakers are ignoring.

Earlier this week, Assemblymembers Ravinder Bhalla and Katie Brennan, both Hoboken Democrats, drafted the “F—ICE Act” — with the profane acronym spelled out — that would allow civil action to be taken against immigration enforcement agents.

The bill was reportedly drafted after a Democratic Socialist councilman from neighboring Jersey City was rebuked by a federal agent when he arrived at the scene of a raid on the Hudson-Bergen Light Rail, where an agent told him: “I don’t need a warrant, bro.”

“This is a disgusting bill just meant to demonize our officers who are experiencing a highly coordinated campaign of violence against our law enforcement,” Deputy Assistant DHS Secretary Lauren Bis told Fox News Digital.

Advertisement

New Jerseyans protest ICE. (Charly Triballeau/Getty Images)

“Our officers are facing a 1,300% increase in assaults against them, a 3,200% increase in vehicular attacks, and an 8,000% increase in death threats.”

Bis warned that anyone who lays hands on officers or tries to obstruct their operations “is committing a felony and a federal crime.”

“What these New Jersey sanctuary lawmakers are trying to do is unlawful, and they know it. Federal officials acting in the course of their duties are immune from liability under state law,” she said.

Fox News Digital reached out to the New Jersey Assembly Majority Office for comment from Bhalla and Brennan.

Advertisement

Bis later added that New Jersey is the same state that “allowed a criminal illegal alien onto American streets who killed a mother and 11-year-old daughter while drunk driving.”

HOCHUL ENDORSES LEGISLATION TO ALLOW NEW YORKERS TO SUE ICE AGENTS: ‘POWER DOES NOT JUSTIFY ABUSE’

“What about recourse for the victims of illegal aliens?” she asked of the F—ICE Act sponsors.

Bis outlined several recent DHS arrests of illegal immigrants convicted of violent crimes, including Felix Diaz of Cuba, who was arrested on a homicide charge.

Rodrigo Basantes of Ecuador was convicted of endangering the welfare of a child through sexual contact and sexual assault of a victim under age 13, while Mexican national Jose Villalva was previously convicted of child molestation.

Advertisement

Later Friday, New Jersey Gov. Mikie Sherrill doubled down on the state’s tack toward ICE with a scathing letter to DHS Secretary Kristi Noem objecting to the purchase of a warehouse near Lake Hopatcong that would be used as a federal facility.

“The Roxbury immigration detention facility will not make New Jerseyans safer. Across the country, federal immigration officers have trampled on basic liberties and engaged in unconscionable acts of violence against law-abiding Americans,” Sherrill claimed.

“These acts of violence have left Americans severely injured and, in some cases, resulted in their deaths. ICE agents have repeatedly violated the constitutional rights of citizens and non-citizens alike. I have no reason to believe that DHS will treat the people of New Jersey any differently should it expand its presence in our state.”

CLICK HERE TO DOWNLOAD THE FOX NEWS APP

She claimed DHS has shown a “chilling disregard for both human life and the rule of law.”

Advertisement

However, not every New Jerseyan has been on board with the new governor, as boos rained down on the former Morristown congresswoman when she was introduced at a New Jersey Devils hockey game this week.

Related Article

ICE accuses Honduran alien of ramming law enforcement vehicle before agent shoots out tires

Read the full article from Here

Continue Reading

Boston, MA

Flights to and from Middle East keep getting canceled at Boston Logan

Published

on

Flights to and from Middle East keep getting canceled at Boston Logan


As tensions remain high in the Middle East, travel continues to be impacted across the globe.

Flights to and from the Middle East keep getting canceled at Boston Logan International Airport, and there were no signs of improvement Sunday as Americans are left scrambling to get to safety. The Trump administration has promised to help but getting out isn’t easy.

Several flights from Dubai to Boston were canceled Sunday, and aviation experts say about 3,000 seats per day go through Doha, Dubai and Abu Dhabi. Without them, people are trying to get home through Europe or Asia.

When not in use by the team during the NFL season, the Patriots team plane is operated by a charter company for various flights.

Advertisement

Meanwhile, Iran’s busiest airport was hit by strikes with Israel later saying it was being used to transfer weapons to regime allies in the region.

The Iranian foreign minister spoke on Meet the Press Sunday about what it would take to agree to a ceasefire and ultimately end the war.

“Nobody wants to continue this war. This is not our war. This is not a war of our choice. This is imposed on us by the United States, by Israelis…” Abbas Araghchi said. “People have been killed. Places have been destroyed and now they want to ask for a ceasefire again? This doesn’t work like this.”

With no clear end to this conflict and airlines backed up as it is, experts say it will take a while to get people where they need to go, though the State Department says it has chartered many flights to bring Americans home, including chartering the Patriots plane.

Advertisement



Source link

Continue Reading

Pittsburg, PA

Pittsburgh’s Home & Garden Show attracts vendors of all stripes – and even more customers

Published

on

Pittsburgh’s Home & Garden Show attracts vendors of all stripes – and even more customers






Source link

Continue Reading

Trending