Report: Michael Cohen signed $1.2 million deal with drugmaker to provide access to Trump
President Trump's personal lawyer, Michael Cohen, reportedly signed a $1.2 million contract with drugmaker Novartis in February 2017 on the promise that he could help the company gain access to the president and administration insiders. "He reached out to us," a Novartis employee told Stat, adding: "It was almost as if we were hiring him as a lobbyist."
On Tuesday night, The New York Times initially reported that Cohen's Essential Consultants LLC had at least $4.4 million pass through it, including $500,000 from Columbus Nova, a New York investment firm with deep ties to Russian oligarch Viktor Vekselberg. Documents provided by Michael Avenatti, the lawyer for Stormy Daniels, showed some $400,000 from Novartis passed through Essential Consultants between early 2017 and 2018. Vekselberg and officials at Novartis have reportedly been interviewed by Special Counsel Robert Mueller's team.
In a statement, Novartis said it "cooperated fully" and "provided all the information requested." Cohen is under federal investigation for financial crimes.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Novartis eventually let its one-year contract with Cohen expire after a disappointing meeting with him in March 2017. "At first, it all sounded impressive, but toward the end of the meeting, everyone realized this was probably a slippery slope to engage him," the Novartis employee told Stat. Read more about Cohen's contract here.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.
-
Swiss bliss: Chenot Palace Weggis takes wellness to the next level
The Blend Heath retreat on Switzerland's Lake Lucerne offers a mid-winter reset
By Felix Bischof Published
-
Earth's mini-moon was the moon all along
Under the radar More lunar rocks are likely floating in space
By Devika Rao, The Week US Published
-
Crossword: February 4, 2025
The Week's daily crossword
By The Week Staff Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published
-
Enron mystery: 'sick joke' or serious revival?
Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
By Peter Weber, The Week US Published
-
US charges Indian tycoon with bribery, fraud
Speed Read Indian billionaire Gautam Adani has been indicted by US prosecutors for his role in a $265 million scheme to secure solar energy deals
By Peter Weber, The Week US Published