Sen. Chuck Grassley (R-Iowa). Photo: Bill Clark/CQ Roll Call via Getty Images

Sen. Chuck Grassley, the new chairman of the Senate Finance Committee, told reporters yesterday he has three top priorities on drug pricing.

He's targeting a bill to ban "pay for delay" settlements between brand-name and generic drug companies; the CREATES Act, which would give generics easier access to the product samples they need to develop their drugs; and a bill to let Americans import cheaper drugs from Canada.

Between the lines: Grassley isn’t quite as pharma-friendly as the committee’s last chairman, former Sen. Orrin Hatch. The industry opposes all three of those measures.

  • One bit of good news for pharma, though: Grassley said he wants to see changes to the Trump administration’s proposal to base Medicare payments for certain drugs on the prices that European countries pay.

Democrats, meanwhile, are all about Trump’s European-pricing plan. Sen. Bernie Sanders (I-Vt.) will introduce a similar proposal today, alongside a bill to allow drug importation and another to let Medicare negotiate directly for the cost of prescription drugs, rather than relying on third parties.

Go deeper: The drug pricing maze

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Scoop: Chinese biotech giant's U.S. subsidiary received PPP loan

Chinese biotech company BGI Genomics provided mobile labs for conducting COVID-19 tests at a sports center in Beijing. Photo credit: Xinhua/Chen Zhonghao via Getty Images.

A U.S. subsidiary of Chinese genomics company BGI Group received a loan through the Paycheck Protection Program (PPP), according to data on the program released by the U.S. Treasury Department this week.

Why it matters: BGI's close ties to the Chinese government, which is constructing a massive genetics database of its population, have raised concerns among U.S. officials.

Updated 58 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 12,077,210 — Total deaths: 550,327 — Total recoveries — 6,636,374Map.
  2. U.S.: Total confirmed cases as of 1o:30 a.m. ET: 3,055,491 — Total deaths: 132,310 — Total recoveries: 953,420 — Total tested: 37,431,666Map.
  3. Public health: Cases rise in 33 states — Fauci says states with severe outbreaks "should seriously look at shutting down"
  4. Education: How Trump's push to reopen schools could backfire — College sports stare down a disaster in the fall.
  5. Jobs: 1.3 million Americans filed for unemployment last week.

Supreme Court says Manhattan prosecutors can obtain Trump's financial records

Photo: Saul Loeb/AFP via Getty Images

The Supreme Court ruled Thursday that Manhattan prosecutors can obtain President Trump's financial records — and punted House Democrats' efforts to access similar records to a lower court.

Why it matters: The Manhattan ruling, a 7-2 decision, is a stinging loss for Trump, who has fought relentlessly to keep these records secret.