Stephanie Ruhle and NBC’s Jonathan Allen report that Retractable Technologies, a small syringe-maker in Texas, is executing a stock buyback a year after winning a massive federal contract amid the coronavirus pandemic. Allen explains that industry insiders and lawmakers are questioning how RTI can be both a struggling business in need of PPP funds and a manufacturer able to execute a major contract.
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Syringe-Maker Bailed Out During Pandemic Spends Funds On Stock Buybacks