Ex-Trump aide subpoenaed over alleged interference in Covid response

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Washington, Nov 19 | A US House panel probing former President Donald Trump’s administration’s response to the Covid-19 pandemic has issued a subpoena to Peter Navarro, a former aide, asking him to produce documents and appear for a deposition.

Navarro served as director of the White House Office of Trade and Manufacturing Policy and an assistant to Trump, reports Xinhua news agency.

James Clyburn, who chairs the House of Representatives Select Subcommittee on the Coronavirus Crisis, explained the reason for the subpoena in a memo on Thursday, saying that Navarro and other former administration officials “appear to have prioritised politics over the pandemic response — focusing their attention on the 2020 presidential election and promoting former President Trump’s Big Lie that the election results were fraudulent”.

The South Carolina Democratic Congressman alleged that “rather than implement a coordinated national strategy to alleviate critical supply shortages, Navarro and other Trump administration officials pushed responsibility to the states and pursued a haphazard and ineffective approach to procurement-contributing to severe shortages of critically needed supplies and putting American lives at risk”.

“White House officials, including Navarro, also appear to have sidelined career procurement officials and exercised inappropriate influence over contract awards, leading to the award of contracts without adequate diligence or competition,” Clyburn said.

The subpoena compels Navarro to turn over documents and information related to his involvement in the former administration’s pandemic response by December 8, and sit for a deposition on December 15.

Clyburn said Navarro has refused to voluntarily cooperate with the subcommittee’s investigation ever since the panel first contacted him on September 14.

He said the panel has tried to contact Navarro “more than a dozen times, including through phone calls, voicemail messages, emails, and text messages”, only to be knowingly ignored by him time and again.

“Given (Navarro’s) central role in the pandemic response, the importance of the Select Subcommittee’s investigation, and his continued refusal to cooperate voluntarily, this subpoena is necessary,” Clyburn said.

In a statement cited by the Forbes magazine, Navarro called the investigation a “witch hunt” and said he “will be delivering a case of my new book ‘In Trump Time’ to the committee”.

In the book, Navarro delivered a scathing attack on Anthony Fauci, once a member of the Trump administration’s pandemic response team and now President Joe Biden’s chief medical adviser, claiming that the top US infectious-disease expert has the “blood of millions of people worldwide on his hands” due to numerous alleged mis-steps and “lies of omission” that occurred throughout the pandemic.

Source: IANS

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Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

Share Market Closing Bell: Nifty ends around 15,800, Sensex tanks 1,416 pts

On the back of Global Clues and SGX, Nifty opened on a gap down note & continued downside momentum throughout the day and closed the session at 15809.40 level with a loss of 430.90. However, Bank nifty closed the session at 33315.65 level with a loss of 848.05 points.

India VIX closed at 24.56 up by 10.13% which is a sign of more volatility in upcoming sessions.47 stocks out of NIFTY 50 closed in RED which suggest broad based selling. All the sectoral indices were ended in the red with metal, IT indices down 4-5 percent.

Despite one way fall, Stocks like ITC, DRREDDY, POWERGRID were the top gainers, While WIPRO, HCLTECH, INFY, TCS & TECHM were prime losers. On a daily chart, Nifty has formed a Bearish candle which indicates downside momentum for an upcoming session. Moreover, Nifty is showing support from horizontal line i.e., 15750 levels which is make or break level. In addition, Nifty has been sustained above the 21-Monthly Moving Average which indicates a bounce back from lower levels can be seen.

However, the momentum indicators MACD & Stochastic were trading with a negative crossover & trading in oversold zone which is a sign of sideways to negative trend in Nifty. The Nifty may find Strong support around 15700 levels, breaching below it can show more downside till 15500 levels while on the upside 16000 may act as an immediate hurdle. On the other hand, Bank nifty has support at 32800 levels while resistance at 34500 levels.

Palak Kothari
Research Associate
Choice Broking

Source: Choice India

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