Trump, drug and prices
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It's hard to keep track of when tariffs start; some are already here and Trump is has floated more.
12don MSN
President Donald Trump might want a new, “America First” world, but in the race to control inflation the United States may actually come last. While his tariff hikes are widely expected to jack up prices at home,
President Trump and British Prime Minister Keir Starmer announced a new trade agreement. Other countries, including China, remain open to negotiating with the U.S., but some of the tariffs are having real impacts on American businesses and their supply chains.
It’s unclear what — if any — impact the Republican president’s executive order will have on millions of Americans who have private health insurance.
An assessment by UBS says Bristol Myers Squibb and Pfizer would be worst hit among US companies if Mr Trump’s threatened “most favoured nation” price were imposed on the top 50 medicines in the US. Eli Lilly would be among the least affected.
The executive order is an example of horseshoe politics in action, though Trump insists it does not amount to ‘price controls.’
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The reaction highlights the impact of Trump's tariffs on the flow of consumer products around the globe, shaking up long-established patterns.
Australia's conservative Liberal Party elected Sussan Ley, a former outback pilot with three finance degrees, as its first woman leader on Tuesday, after an election loss partly due to comparisons with U.S. President Donald Trump's policies.