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

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

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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. 

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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. 

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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.”

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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. 

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

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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. 

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

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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). 

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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.”

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“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

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Maine

Who is raising the most money in the Maine governor’s race?

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Who is raising the most money in the Maine governor’s race?


Republican primary candidate for Maine Governor Jonathan Bush during a news conference in Welcome Center of Maine State House in Augusta on March 17.
(Joe Phelan/Staff Photographer)

Candidates vying to become Maine’s next governor have until midnight Tuesday to file campaign finance reports for the first quarter of the year.

The reports will show who is best positioned to control the message in the final month-plus until the primaries. But fundraising success doesn’t always guarantee a win at the ballot box.

The reports come as a growing number of leading candidates are taking to the airwaves a head of the June 9 primaries. Five Democrats and seven Republicans are vying to replace Gov. Janet Mills, who is term limited.

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As of Tuesday, Republican Jonathan Bush topped all candidates in broadcast, cable and digital advertising, having booked nearly $1.5 million in ads through the primary, the political spending tracker AdImpact said.

But Republican Garrett Mason is benefitting from about $3 million in spending by Restoration of America PAC, which is running ads targeting Gov. Janet Mills and tying Mason to President Donald Trump.

Other Republican candidates running ads are Bobby Charles ($63,000), Owen McCarthy ($43,660) and Ben Midgely ($55,000.)

Hannah Pingree tops the Democratic slate with about $564,000 in ad spending, followed by Nirav Shah ($493,000), Shenna Bellows ($462,700) and Angus King III ($299,000.)

As of Tuesday afternoon, fundraising totals were only trickling in. Public access to those reports was hampered because the Maine Commission on Governmental Ethics & Election Practices is building a new website, and glitches made some reports unviewable.

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This story will be updated when more reports are filed. As of Tuesday afternoon:

  • Republican Jonathan Bush reported raising about $845,000 in the first quarter, but 60% of that, $500,000, was a personal loan to his own campaign. His totals were not yet available through the new website, but his quarterly fundraising and spending was provided by ethics staff.
  • Republican Robert Wessels was the only other active candidate that had filed. He raised nearly $11,600 for the quarter and has about $13,540 in cash.

This is a developing story.



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Massachusetts

Massachusetts joins global conservation network IUCN

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Massachusetts joins global conservation network IUCN


Massachusetts and California are the first US states to become IUCN members.

BOSTON (WWLP) – The Healey-Driscoll Administration announced Massachusetts is now an official member of the International Union for Conservation of Nature (IUCN), a global network of more than 1,400 governments and organizations.

Massachusetts and California are the first U.S. states to become members of the IUCN, marking a significant step in the states’ environmental leadership. This milestone places Massachusetts within the world’s leading coalition focused on advancing the conservation of nature and addressing environmental challenges at a global scale.

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The IUCN membership strengthens Massachusetts’ commitment to biodiversity and climate action. It also builds on the state’s nation-leading Biodiversity Conservation Goals, which define a whole-of-government approach to rebuild biodiversity and invest in nature to sustain public health, well-being, food security and the economy.

“In Massachusetts, we are taking proactive steps to protect the natural resources people rely on, from clean water and open spaces to healthy wildlife,” said Governor Maura Healey. “Joining this global network puts Massachusetts at the table with leaders from around the world and gives us access to proven tools and practical solutions we can use here at home.” 

Massachusetts is home to many globally rare habitats and threatened species, including coastal shorebirds, sea turtles, whales, salamanders, and dragonflies. The state is known for its coastline, fishing communities, cranberry bogs, orchards, and mountain glens. These species and landscapes face growing pressures from climate change, such as flooding and drought.

By joining IUCN, the state will strengthen its ability to respond to these challenges. It will gain access to a global network of conservation expertise and resources. Massachusetts will also bring its own experience protecting and restoring species and their habitats to the international forum.

This partnership, led by the Department of Fish & Game for Massachusetts, will support ongoing work to protect and restore biodiversity and natural areas, build resilience and connect the state to broader international efforts.

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“As an IUCN member, Massachusetts is now part of a growing group of subnational governments who are contributing to crucial action on the ground, knowledge exchange, and progress towards achieving conservation targets of global significance,”  said IUCN Director General Dr Grethel Aguilar. 

The state’s membership in the IUCN aligns with investments proposed in Governor Healey’s Mass Ready Act. This act helps protect the state’s natural resources and prepares for extreme weather. The membership gives Massachusetts added support to better protect these resources and keep them accessible.

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