Amy Klobuchar

2020 Democrats' new drug pricing bill

Sens. Bernie Sanders and Cory Booker. Photo: Tom Williams/CQ Roll Call

Sens. Cory Booker, Bernie Sanders and Kamala Harris — who are all running for president in 2020 — are announcing legislation Friday that would create an independent agency to determine list prices of prescription drugs.

Why it matters: This is further mainstreaming of Democrats' leftward shift on drug prices.

Joe Biden slumps in Iowa poll as Pete Buttigieg surges

Pete buttigieg shakes hands with Joe biden.
Photo: Win McNamee/Getty Images

South Bend Mayor Pete Buttigieg made gains in Iowa, as former Vice President Joe Biden slipped in a New York Times/Siena College poll of voters likely to attend the state's caucuses. Sen. Elizabeth Warren leads the deadlocked pack, with Sen. Bernie Sanders coming in next.

Why it matters: "Buttigieg is aiming to peel away support from Mr. Biden by offering himself as the viable moderate alternative" to Warren and Sanders, the New York Times wrote last week. That effort appears to be working.