Drug price cuts: what is Trump planning and what will it mean for big pharma?
Donald Trump has used his executive powers to order sweeping cuts to the price of prescription drugs in the US, in an effort to bring them in line with other developed countries.
The plans, first announced in a social media post on Sunday, triggered a sharp fall in drugmakers’ share prices on Monday. However, these later reversed amid growing scepticism that the shake-up would be as severe as promised.
What is Trump proposing?
Trump Is Giving Refugee Status to White South Africans—but Many Don’t Want to Come
Afrikaners, white South Africans long reviled as the architects of a racist state, are now being recast by Donald Trump as the victims of one.
The U.S. president has accused South Africa’s Black-majority government of plotting to seize white farms and failing to stop “violent attacks on innocent disfavored minority farmers.” His top adviser, white South Africa-born billionaire Elon Musk, has accused some of the country’s politicians of actively promoting a “white genocide.”
The On-Again, Off-Again Trade War
Who knows what will happen in 90 days? The Soviet Union was governed by Five-Year Plans; now, we are governed by 90-Day Pauses.
Never mind.
President Trump’s 145 percent tariffs on China ran smack into Stein’s law, the late economist Herb Stein’s famous axiom that, “If something cannot go on forever, it will stop.”
What was effectively an instant embargo on the biggest importer into the United States wasn’t sustainable, and sure enough, it’s not going to be sustained.
Trump calls 6 January 'day of love' when asked about Capitol riot
Donald Trump has described 6 January 2021 as "day of love" when asked about US Capitol riot during a campaign event just weeks before the presidential election.
The former president said the thousands who travelled to Washington DC that day did so because “they thought the election was a rigged election”.
Trump hosted a rally that day outside the White House before his supporters marched to the US Capitol, culminating in a mob storming the building as lawmakers certified Joe Biden's election win.
Trump on Day 1: Begin deportation push, pardon Jan. 6 rioters and make his criminal cases vanish
Donald Trump has said he wouldn’t be a dictator — “except for Day 1.” According to his own statements, he’s got a lot to do on that first day in the White House.
His list includes starting up the mass deportation of migrants, rolling back Biden administration policies on education, reshaping the federal government by firing potentially thousands of federal employees he believes are secretly working against him, and pardoning people who were arrested for their role in the riot at the Capitol on Jan. 6, 2021...
Trump dismisses concerns over Qatari jet that could be new Air Force One
President Donald Trump pushed back on Democrats’ concerns over the luxury Qatari jet he may receive from the Middle Eastern country this week, while also revealing that the jet would be “free of charge.”
Trump goes on defense over Qatar jet gift
President Trump defended his decision to accept a luxury Boeing jet from Qatar, calling it “stupid” for him to turn it down amid an influx of criticism from both sides of the aisle over the gift.
Trump defends Qatar jumbo jet offer, says it would be 'stupid' to turn away free plane
President Donald Trump on Monday defended the administration's plans to receive a luxury jumbo jet donated by the Qatari government, saying it would be "stupid" not to accept a free plane, as some Democrats questioned the ethics of such a move.
During remarks at the White House on Monday, before embarking on a four-day trip to the Middle East, Trump called the donation a "very nice gesture" when pressed by reporters if Qatar had asked for anything in exchange...
Trump defends the prospect of Qatar gifting him a plane to use as Air Force One
President Donald Trump is ready to accept a luxury Boeing 747-8 jumbo jet as a gift from the ruling family of Qatar during his trip to the Middle East this coming week, and U.S. officials say it could be converted into a potential presidential aircraft.
The Qatari government said a final decision hadn’t been made. Still, Trump defended the idea — what would amount to a president accepting an astonishingly valuable gift from a foreign government — as a fiscally smart move for the country.
Trump says he will sign executive order on drug price caps
President Trump said Sunday he will sign an executive order Monday to cap prescription drug and pharmaceutical prices at the lowest cost offered to any other country.
America has notoriously paid more than other developed nations for the same prescription drugs. But under Trump’s “most favored nation” policy, the president hopes to ensure “the United States will pay the same price as the Nation that pays the lowest price anywhere in the World.”