Sinema rakes in Pharma and finance cash amid reconciliation negotiations

Sinemas office didn't respond to a request of comment.
Pharmaceutical industry has spent millions on advertising and lobbying to oppose new regulations and rules that could save the government hundreds of billions of dollar and result in losses to the bottom line.

A list of prominent people from the pharmaceutical industry were also among her individual donors. Daniel ODay (CEO of Gileads Pharma) was a top donor, giving $5,000 in the last quarter. David Ricks, CEO of Eli Lilly, contributed another $2,000. Kenneth C. Frazier (executive chair of Mercks board) also gave $2,900 as did Giovanni Caforio, chair and CEO at Bristol Myers Squibb. Alexander Hardy, Genentech's CEO, donated $2,500. The Executive Vice President for Policy and Research at Pharmaceutical Research and Manufacturers of Americas, Jennifer Bryant, Senior Vice President for Federal Advocacy Anne Esposito and Debra DeShong, each gave $1,000.

Sinema's $1.1 million raised was not largely funded by her constituents. Nearly 90% of Sinemas cash came from individuals outside Arizona.

Sinema will not be up for reelection before 2024. Yet, her campaign account remains a magnet for donors. Sinema has never raised more that $700,000. In the last Congress, she only raised $700,000. But, in the two most recent quarters of 2021, she has reached $1 million twice.

Sinema is not up for reelection, but Manchin had his most successful fundraising quarter in recent times. His campaign raised $1.6 million in the three-month period. Like Sinema's campaign, the majority of his income came from his state.

Manchin, who is a strong opponent of the administration's climate change agenda has cashed in on donations from energy companies. He received $2,500 from the PAC to ConocoPhillips and $5,000 from Pioneer Natural Resources. $2,500 came from a PAC that supports The National Stripper Well Association. Willie Chiang (CEO of Plains All American Pipeline) gave $5,000 to Manchin. Joe Gorder, CEO of Valero Energy, also donated $5,000. Rising Star Petroleum CEO Michael K. Grimm gave $2,500 and ConocoPhillips employees, including Ryan Lance, gave $18,700.

According to Sinema's campaign filing, more than $50,000 was donated by PACs to Sinema from the financial services sector, which is also under potential regulation in Congress. John Waldron, president of Goldman Sachs, made a maximum donation $5,800. Blackstone's senior managing directors Eli Nagler and Giovanni Cutaia gave $5,700 each, while Alex Katz, the managing director of government relations, donated $1,000.

The famed American investors, the Winklevoss twins and Mark Zuckerberg's rivals in the founding of Facebook, reached Sinema this quarter. The brothers are involved with cryptocurrency, which falls under the purview of the Senate Banking Financial Institutions and Consumer Protection Subcommittee. Sinema is a member of that committee.

Sinema also received donations from top D.C. lobbyists. Steven Elmendorf (partner and co-founder at Subject Matter) represents Goldman Sachs (and gave $1,000) and Arshi Siddiqui (a partner at Akin Gump Strauss Hauer & Feld), who used to be a Speaker Nancy Pelosi (and donated $2,400). Thomas Daschle, an ex-Democratic senator and lobbyist, donated $2,900 and two in-house Lobbyists at Comcast Leo Muoz gave $500 each.

The generosity of those with an interest in the fight against potential nicotine and tobacco taxes from Congress was also generous. John Hoel, an Altria Client Services lobbyist, donated $500. The Cigar Association of Americas PAC donated 1,000. Sinema was also given $5,000 by the PAC for National Association of Truckstop Operators. This group has strong ties with big tobacco companies and has fought potential taxes.

Sinemas involvement in the negotiation down of President Joe Biden's agenda has drawn her ire from party progressive activists. Recent protesters followed Sinema into the toilet and made their way to the Boston Marathon, where Sinema didn't run to support the spending plans of the Biden administration.