Jun 2, 2017

Pfizer hikes drug prices by 20%

Richard Drew / AP

Since January, pharmaceutical giant Pfizer has raised the list prices of 91 drugs by an average of 20%, the Financial Times reports. Pfizer made one round of price increases in January, and another just went into effect. The list price does not factor in rebates or discounts, but Pfizer's increases are still far beyond the rate of economic inflation.

Why it matters: Politicians and consumers have ripped into the drug industry and have strongly supported proposals to lower drug costs. Some companies have made pledges to limit price hikes. But Pfizer's decision indicates public pressure has not forced companies to change their pricing practices, and some firms have no qualms about maintaining the status quo.

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Al Sharpton says Floyd family will lead march on Washington in August

The family of George Floyd is teaming up with Rev. Al Sharpton to hold a march on Washington on Aug. 28 — the 57th anniversary of the civil rights movement's March on Washington — to call for a federal policing equality act, Sharpton announced during a eulogy at Floyd's memorial service in Minneapolis Thursday.

Why it matters: The news comes amid growing momentum for calls to address systemic racism in policing and other facets of society, after more than a week of protests and social unrest following the killing of Floyd by a Minneapolis police officer.

2 hours ago - Health

Medical journal retracts study that fueled hydroxychloroquine concerns

Photo: George Frey/AFP via Getty Images

The Lancet medical journal retracted a study on Thursday that found that coronavirus patients who took hydroxychloroquine had a higher mortality rate and increased heart problem than those who did nothing, stating that the authors were "unable to complete an independent audit of the data underpinning their analysis."

Why it matters: The results of the study, which claimed to have analyzed data from nearly 96,000 patients on six continents, led several governments to ban the use of the anti-malarial drug for coronavirus patients due to safety concerns.

George Floyd updates

Text reading "Demilitarize the police" is projected on an army vehicle during a protest over the death of George Floyd in Washington, D.C.. early on Thursday. Photo: Yasin Ozturk/Anadolu Agency via Getty Images

All four former Minneapolis police officers have been charged for George Floyd’s death and are in custody, including Thomas Lane, J. Alexander Kueng and Tou Thao, who were charged with aiding and abetting second-degree murder and aiding and abetting second-degree manslaughter.

The latest: A judge Thursday set bail at $750,000 for each of three ex-officers, AP reports.