Pharma plays defense
If there’s any area where the Trump administration and a Democratic House majority could find common ground, drug pricing may be it.
Why it matters: Pharma is on its heels, in a way it hasn’t been for years. And it will stay on the defensive for the next two years.
Be smart: President Trump has scrambled all the usual alliances.
- On policy, Trump is basically aligned with Democrats, and congressional Republicans are in sync with industry.
- Politically, Democrats aren’t inclined to help Trump notch a win on a critically important issue. And congressional Republicans are torn between their donors and their party’s most powerful leader.