COVID Stimulus Watch Individual Entry

Recipient Company:
Novartis Capital Corp
Loan or Loan Guarantee Amount:
$3,348,037

Recipient Details

Ownership Structure: publicly traded (ticker symbol NYSE: NVS)

Award Details

Award Date: Aug 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: Novartis
Headquartered in: Switzerland
Parent Sector: pharmaceuticals
Parent Industry: pharmaceuticals
Employees (prior to pandemic): 103,914

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $282,051,594
Contracting icon
Government-contracting-related Penalties: $807,474,307
Environment icon
Environmental / Healthcare / Safety Penalties: $514,514,328
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $1,070,600,000
CEOpay icon
CEO Compensation: $11,648,731
Tax icon
Total Federal, State, and Local Subsidies: $74,157,130
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues