Sens. Chuck Grassley and Ron Wyden (Photo: Chip Somodevilla/Getty Images)

Sens. Chuck Grassley (R-Iowa) and Ron Wyden (D-Ore.) — the incoming chair and ranking member of the Finance Committee, respectively — plan to introduce a bill cracking down on the kind of tactics Mylan used to pay lower Medicaid rebates for EpiPens.

Why it matters: This is a strong signal that there's room for the committee to work together on drug pricing issues next year.

Details: EpiPen was misclassified as a generic drug within the Medicaid drug rebate program, which resulted in Mylan paying less in rebates and causing taxpayers to overpay as much as $1.27 billion over 10 years, according to one government estimate.

  • The Grassley-Wyden bill gives HHS the explicit authority to reclassify drugs, recover incorrect rebate payments and fine companies that knowingly misclassify drugs.
  • It also requires HHS to submit reports to Congress on how its new authority has been used.

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Updated 18 mins ago - Politics & Policy

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FBI: Russian hacking group stole data after targeting local governments

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Energetic Bear, a Russian state-sponsored hacking group, has stolen data from two servers after targeting state and federal government networks in the U.S. since at least September, the FBI and Cybersecurity and Infrastructure Security Agency said on Thursday.

Driving the news: Director of National Intelligence John Ratcliffe announced Wednesday that Iran and Russia had obtained voter registration information that could be used to undermine confidence in the U.S. election system.

FDA approves Gilead's remdesivir as a coronavirus treatment

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Gilead Sciences on Thursday received approval from the Food and Drug Administration for remdesivir, an antiviral treatment that has shown modest results against treating COVID-19.

Why it matters: It's the first and only fully FDA-approved drug in the U.S. for treating the coronavirus.