Jul 6, 2017

Generic drug group sues Maryland over price cap law

Rich Pedroncellli / AP

The Association for Accessible Medicines, the lobbying group for generic drug companies, has sued Maryland's attorney general and health department secretary to block the new state law that prohibits pharmaceutical firms from making "unconscionable" price increases for generic drugs, the Wall Street Journal reports.

The industry's main gripe: That the law is vague and does not codify what an "excessive" drug price hike is — the same concerns Maryland Gov. Larry Hogan had when he let the bill become law without his signature.

The bottom line: It was only a matter of time before the industry unleashed its legal team. Raising prices is the lifeblood of the drug industry, and the main way drug companies have been able to keep profits. Any efforts to limit their pricing power, even on generic drugs that have been around for decades, will face massive resistance.

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Updates: George Floyd protests continue for 8th day

Police officers wearing riot gear push back demonstrators outside of the White House on Monday. Photo: Jose Luis Magana/AFP via Getty Images

Protests over the death of George Floyd and other police-related killings of black people continued Tuesday across the U.S. for the eighth consecutive day, prompting a federal response from the National Guard, Immigration and Customs Enforcement and Customs and Border Protection.

The latest: The National Park Service said in a statement Tuesday that while it "is committed to the peaceful expression of First Amendment rights," it "cannot tolerate violence to citizens or officers or damage to our nation’s resources that we are entrusted to protect."

American carnage

Protesters race up a hill to avoid tear gas in Philadelphia, June 1. Photo: Mark Makela/Getty Images

The list of victims has swiftly grown since George Floyd died in police custody just eight days ago.

The big picture: Protests against police brutality have turned into a showcase of police brutality, with tear gas and rubber bullets deployed against crowds. The police have the arsenals at their disposal, but we're also seeing law enforcement officers becoming targets.

McConnell blocks resolution condemning Trump's actions against peaceful protesters

Senate Majority Leader Mitch McConnell (R-Ky.) blocked a resolution introduced by Minority Leader Chuck Schumer (D-N.Y.) on Tuesday that would have condemned the use of tear gas and rubber bullets against peaceful protesters outside the White House on Monday in order to allow President Trump to walk to St. John's Church.

What they're saying: "Justice for black Americans in the face of unjust violence, and peace for our country in the face of looting, riots, and domestic terror. Those are the two issues Americans want addressed," McConnell said on the Senate floor.