Trump plan for coronavirus supplies yields payoff for favored companies [Los Angeles Times (CA)]
Cardinal Health, Inc. (CAH)
Last cardinal health, inc. earnings: 2/6 06:55 am
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Source: Los Angeles Times
A secretive Trump administration project that enlists private companies to bring masks and other medical equipment to the U.S. to fight the coronavirus outbreak has provided tens of millions of dollars in taxpayer subsidies to the nation’s largest medical-supply companies with little public accounting. Over the last three weeks, taxpayers have paid to fly the companies’ supplies to the U.S. from Asia on government-chartered cargo flights, while the firms have been free to sell the material to hospitals, clinics and others at prices they choose. That has saved the companies more than $25 million in shipping costs, savings they are not required to pass on to the medical systems, state governments and others who buy their products. The supply companies’ profits topped $2 billion last year, financial statements show. The administration has refused to disclose crucial details of the operation, known as Project Air Bridge , including its financial arrangements with the companies involved. T
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CAH
Earnings
- 10/30/25 - Beat
CAH
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- CAH's page on the SEC website