Canada

Trump may ease drug protections in USMCA to win Democratic support

Donald Trump
Photo by Nicholas Kamm/AFP via Getty Images

The Trump administration may loosen intellectual property protections for some prescription drugs in order to win Democratic support for its new trade deal with Mexico and Canada, the Wall Street Journal reports.

The big picture: The protections are a big win for U.S. drug companies, as they would extend the length of time that biologics can reap the benefits of monopoly pricing in those two other countries.

Canada election: Trudeau's Liberals win second term but lose majority

Liberal Leader and Canadian Prime Minister Justin Trudeau delivers his victory speech at his election night headquarters on October 21, 2019 in Montreal, Canada.
Justin Trudeau delivers his victory speech at his election night headquarters on Monday, Montreal, Canada. Photo: Cole Burston/Getty Images

Prime Minister Justin Trudeau's Liberal Party was set to form a minority government after being re-elected Monday in a close election race in Canada, CBC and CTV News projections show.

By the numbers: The Liberals had won or were leading in 157 of the 338 available seats, according to results early Tuesday. Nearest rival the Conservative Party has secured 121 seats, per CBC.