Jun 17, 2017

Relax, drug companies — the executive order won't hurt

Evan Vucci / AP

It's looking like President Trump's executive order on drug prices may not have much bite after all.

Kaiser Health News and Politico report that much of the work is being led by Joe Grogan, an Office of Management and Budget official who used to be a lobbyist for Gilead Sciences — the company that helped set off the drug price debate when it charged $1,000 per pill for its hepatitis C drugs. And some of the solutions the task force has discussed are pretty industry-friendly — like giving drugs longer patent protections in foreign markets, a policy that critics say would make them more expensive.

Why it matters: Trump campaigned on populist promises to lower drug prices and has been pushing his team to propose executive actions he can take on his own. These early signs suggest that his executive actions may fall pretty far short of his campaign promises.

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Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 6 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.