May 30, 2018

Trump claims drug companies will drop prices voluntarily

Photo: Nicholas Kamm/AFP/Getty Images

Trump said Wednesday, while signing the Right to Try Act, that major drug companies are going to announce drug price decreases in two weeks.

Yes, but: Health and Human Services secretary Alex Azar has also been calling on the industry to self-regulate, but it’s not clear what Trump was referring to, or where any new savings would come, adds Axios' Sam Baker.

Between the lines: This announcement comes absent regulatory changes that could hold the pharmaceutical companies accountable.

Context: Republicans on Capitol Hill have been quiet about the president’s plan to reduce drug prices, and are wary of making an enemy of the pharmaceutical industry. Making waves on health care before the midterm elections could be a risky move, per Politico.

Go deeper: Who really pays for prescription drugs.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 1,595,350 — Total deaths: 95,455 — Total recoveries: 353,975Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 461,437 — Total deaths: 16,478 — Total recoveries: 25,410Map.
  3. Public health latest: U.S. has expelled thousands of migrants under a CDC public health orderDr. Anthony Fauci said social distancing could reduce the U.S. death toll to 60,000.
  4. Business latest: The Fed will lend up to $2.3 trillion for businesses, state and city governments — After another 6.6 million jobless claims, here's how to understand the scale of American job decimation.
  5. States latest: FEMA has asked governors to decide if they want testing sites to be under state or federal control.
  6. World latest: Lockdowns have led to a decline in murders in some of the world's most violent countries — Boris Johnson is moved out of the ICU but remains in hospital with coronavirus.
  7. In Congress: Senate in stalemate over additional funding for small business relief program.
  8. 1 SNL thing: "Saturday Night Live" will return to the air this weekend with a remotely produced episode.
  9. What should I do? Hydroxychloroquine questions answeredPets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Federal court temporarily blocks coronavirus order against some abortions

Gov. Greg Abbott. Photo: Tom Fox-Pool/Getty Images

A federal judge ruled Thursday that clinics in Texas can immediately offer medication abortions — a pregnancy termination method administered by pill — and can also provide the procedure to patients nearing the state's time limits for abortions.

Driving the news: The decision comes after federal appeals court ruled 2-1 on Tuesday in favor of an executive order by Republican Gov. Greg Abbott that prohibits abortions during the coronavirus outbreak.

Go deeperArrowUpdated 2 hours ago - Politics & Policy

The view from the other side of the coronavirus peak

We'll soon be crowding into cafes it's 1954 in Rapallo, Italy. Photo: LIFE Picture Collection via Getty

Europeans and Americans are desperate to move beyond the worst of the crisis and return to something approximating normality, but the World Health Organization is cautioning that moving too fast will undermine the sacrifices made so far.

Where things stand: Nearly every country on Earth is still seeing their caseload increase, and a recent uptick in Singapore shows that apparent victory over the virus can be fleeting. But several countries are providing reason for optimism.

Go deeperArrow2 hours ago - World