Jan 11, 2017

Drug companies are still in trouble

The president-elect ended the mystery of whether he still wants Medicare to negotiate drug prices: The answer is yes.

Just as he did during the campaign, Trump called for "new bidding procedures for the drug industry" — adding that "they're getting away with murder." Negotiating drug prices, he said, could save "billions of dollars over time."

Pharma has a lot of lobbyists, a lot of lobbyists, a lot of power ... We're the largest buyer of drugs in the world, and yet we don't bid properly. — Donald Trump

What it means: Trump still doesn't talk about the idea in any more detail than he did in the campaign. He doesn't even clarify whether he actually means Medicare negotiations. But that's what most Democrats mean when they talk about negotiating drug prices — and until we get more clarity, that's what's making the pharmaceutical industry extremely nervous.

How the pharmaceutical industry reacted:

Source: Money.Net

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Updated 48 mins ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

New Zealand has a single novel coronavirus case after reporting a week of no new infections, the Ministry of Health confirmed on Friday local time.

By the numbers: Nearly 6 million people have tested positive for COVID-19 and over 2.3 million have recovered from the virus. Over 357,000 people have died globally. The U.S. has reported the most cases in the world with over 1.6 million.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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  2. U.S.: Total confirmed cases as of 8:30 p.m. ET: 1,720,613 — Total deaths: 101,573 — Total recoveries: 399,991 — Total tested: 15,646,041Map.
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  5. World: Twitter slapped a fact-check label on a pair of months-old tweets from a Chinese government spokesperson that falsely suggested that the coronavirus originated in the U.S.
  6. 2020: The RNC has issued their proposed safety guidelines for its planned convention in Charlotte, North Carolina.
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  10. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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3 hours ago - World

The eye of the COVID-19 storm shifts to Latin America

Data: The Center for Systems Science and Engineering at Johns Hopkins; Chart: Naema Ahmed/Axios

The epicenter of the COVID-19 pandemic has moved from China to Europe to the United States and now to Latin America.

Why it matters: Up until now, the pandemic has struck hardest in relatively affluent countries. But it's now spreading fastest in countries where it will be even harder to track, treat and contain.