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Page F5From§Eachthe midnight edition — 11 September 2026

Disclosure forms show a data-center foe invested in data centers, a surgeon general nominee invested in tobacco.

“Trump surgeon general nominee discloses tobacco, pharma investments”, 10 September 2026 (Photo via The Hill — the original report)

As it ran on the front

Two disclosure forms, filed this week, tell you what two federal appointees actually own.

Start with the congressman. Rep. Rob Bresnahan, of Pennsylvania, campaigns on limiting data centers. His financial disclosure, filed this week, shows investments in companies positioned to benefit from that same industry's growth. All together now — line one: the candidate. Line two: the client.…

…(cont) Move to the surgeon general's office. President Trump's nominee, Nicole Saphier, filed her own disclosure Thursday. It lists Philip Morris International. It lists Monster Beverage. It lists Coca-Cola and PepsiCo. The surgeon general's job, when the office is filled, is to tell Americans what not to put in their bodies. The nominee's portfolio is a shopping list of the answer. In her ethics agreement she pledged to divest from some of it, fully or partially — the filing says that much and stops there.

None of this is new terrain for the health apparatus she'd be joining. Earlier this month, the White House named a pastor, Darrell Scott, as the CDC's tobacco health adviser, citing his advocacy for underserved communities — a title that puts a preacher between the agency and the cigarette industry. Last month, in August, the administration announced nine more drug-pricing deals with pharmaceutical manufacturers, bringing the total to twenty-six and putting eighty-nine percent of the relevant market under agreements the administration negotiated directly with the companies it regulates. Patient advocates called the deals themselves a distraction from a plan that hasn't lowered a price yet.

Stack the two disclosures next to the two announcements and the shape holds steady: the people positioned to stand between the public and an industry keep turning out to hold that industry's stock, or its adviser title, or its negotiated deal. A congressman can file a disclosure and keep running the same ad. A nominee can sign an ethics agreement and keep the ticker. A pastor can receive a health title with no health credential mentioned in the record. Each form was filed correctly, on time, in the format the government requires.

That is what a disclosure is for. It doesn't stop the investment or the title — it just puts the number in a drawer, dated, waiting for whoever bothers to pull it. This week, two people did their jobs and their portfolios in the same document, and filed it on schedule.

The forms exist so the public can check the résumé against the receipt. That only works if someone reads past line one.

“They don't need to break a rule, that's the whole racket — they just fill out the form honest and mail it in, and it sits in a drawer nobody with power ever has to answer for. A guy campaigns against the data center eating his town's power grid while his own filing says he's cashing in on it, and a nominee for the country's top doctor job is holding Marlboro stock. That's not a scandal to them, that's Tuesday, and the only ones who ever open that drawer are the ones getting screwed by what's inside it.”
Sal
“Look, a financial disclosure is a transparency tool, it's the system working — he disclosed it, didn't he? Nobody's hiding anything, and diversified portfolios are just — everybody's 401k probably touches a soda company somewhere, that's just how index funds — okay, Philip Morris isn't an index fund, but she signed an ethics agreement, that's the process, that's — why do I sound like I'm defending a tobacco stock.”
Chip

The receipts

Trump surgeon general nominee discloses tobacco, pharma investments Trump's surgeon general nominee owns Philip Morris, Coca-Cola and Pepsi stock
The Hillmainstream§

President Trump’s surgeon general nominee reported investments in the tobacco company Philip Morris International as well as beverage companies Monster Beverage Corp., Coca Cola Co. and Pepsi Co., according to financial disclosures released Thursday. Nicole Saphier disclosed these investments in an ethics agreement, where she pledged to…

· Trump names pastor as tobacco health adviser at CDC from the morgue, 1 Sep 2026

· Trump Pharma Deals Called Distraction From 'Failed Plan to Lower US Drug Prices' from the morgue, 31 Aug 2026

This page is a back-issue: the story as it ran, receipts as they were. The current edition is at the front.