President Trump once again honed in on the high cost of US prescription drugs on Thursday morning, praising Novartis and Pfizer for their recent decisions not to raise prices.
The president took his frustration to Twitter, saying: "Pfizer & others should be ashamed that they have raised drug prices for no reason".
Novartis's chief executive, Vas Narasimhan, said during an earnings call with investors that the company had made the decision in June, amid escalating outrage over high drug prices.
Merck & Co.is just the latest pharma to make a public show of its pricing policies, but much like pledges from Pfizer and Novartis, the moves may do more to help the industry's public relations image than realistically make a dent into healthcare system costs. "We thought that was prudent, given the dynamic environment we're now in", he said.
Pfizer announced on July 10 that it will roll back price increases on dozens of drugs that went into effect on July 1 "following an extensive discussion" between chairman and CEO Ian Read with President Trump.
The New Jersey-based drugmaker will slash its hepatitis C treatment Zepatier by 60 percent and will lower the list price of six other drugs by 10 percent.
In May, President Donald Trump issued a blueprint for bolstering competition and reducing regulations in the drug industry.
Trump's administration outlined a plan for lower prices a few months ago.
It also said it would not increase the average net price of drugs in its portfolio by more than inflation annually. "When I looked at the policy environment in the USA with our team, we thought the prudent thing to do was to pull back on any further price increases in 2018 and evaluate as the environment evolves", Novartis chief executive Vas Narasimhan told Bloomberg Television, shortly after the drug maker first disclosed its decision as part of its latest earnings report on Wednesday. In a 65 percent decline from a year ago, Zepatier brought in $131 million in global sales in the first quarter of 2018.
A White House spokesperson, Lindsay Walters, wanted to make clear that the president "respects the independence of the Fed". But that clarifying remark was washed away on Friday when the president took to Twitter to press the Fed to change course.
A new set of simpler return filing forms - Sahaj and Sugam - are also in the works that would be finalised soon, Goyal said. In a boost for the textile industry, unclaimed input tax credit will henceforth be refunded to firms.
Can they do it under Mourinho? "He will not be ready for the start of the season but we think he'll be ready for September". The France worldwide impressed at the World Cup this summer and has been touted as a future captain for the Red Devils.
Other DC characters such as Wonder Girl, Jason Todd, Elasti-Woman, Negative Man and Elasti-Woman are also expected to appear. DC Universe will be available at launch on iOS, Android, Roku, Apple TV, Amazon Fire TV, Android TV, and the website.
Peter Creigh, an altar boy repeatedly sexually assaulted by Fletcher, told the court he told Wilson about the abuse. Australian Prime Minister Malcolm Turnbull speaks to the media in Sydney , Australia, July 19, 2018.
She turned down the offer and began a relationship that included, she said, interactions between the two " many dozens of times ". Following this news, further details have emerged from both CNN and from Micheal Avenatti , related to these revelations.
The militant-held towns of Zabadani and Madaya near the Lebanese border are under siege by Syrian government forces. Assad has vowed to recover the entire country, and Idlib province is the last major insurgent-held part of Syria .
The Organisation for the Prohibition of Chemical Weapons (OPCW) will analyse the substance before reporting back its conclusions. His partner Dawn Sturgess , 44, died after handling an abandoned bottle which is believed to have contained the nerve agent.
Director of National Intelligence] Dan Coats came to me and some others - and they said they think it's Russian Federation". The Washington Post reported that Trump specifically admired how Putin is "strong, smart, and cunning".
He waited for seven hours in the consulate of Houston after finding out that his visa never left NY due to a UPS shutdown. Things haven't gone exactly to plan for Vegas at The Open . "I wouldn't really miss it for anything".
Fleetwood, the top player on the European Tour a year ago , put together the best round of the week at Carnoustie with a 65. Tommy Fleetwood fires a 65, putting the Carnoustie course record holder (63) just one back at 5 under.
Marchionne replaced as FCA Group boss due to ill health
Elkann didn't give details of Marchionne's health problems, adding that his "first thoughts go to Sergio and his family". Marchionne is the man in favour of promoting Sauber rookie Charles Leclerc to the Scuderia in 2019.
Auto industry unites to oppose Trump's tariffs
That's probably little consolation to the auto workers whose jobs could be on the line if Trump presses forward with the tariffs. The Department of Commerce has received almost 2,400 comments from individuals and companies that can be found here .
Chinese yuan defies Trump comments, continues slide
China will likely retaliate if additional tariffs are imposed, economists note, rather than simply knuckle under. China promptly levied taxes on the same value of U.S. products. "Now it is taking 15 days or longer".