Pablo Martinez Monsivais / AP

How serious is President Trump about drug prices? Democratic Rep. Elijah Cummings tells me that Trump has called him three times to follow up on their conversation at the White House earlier this month. And Trump's not just talking about letting Medicare negotiate drug prices, Cummings says. It's even worse for Republicans — because Trump is also talking about importing cheaper drugs from other countries.

Why it matters: Trump has said many times he wants to do something about drug prices, and has terrified both the pharmaceutical industry and free-market Republicans with his talk of doing more price negotiations. They assume that means allowing the government, through Medicare, to directly negotiate prices. But if price negotiations are Enemy #1 of prescription drug policy for Republicans, Enemy #2 is allowing importation of drugs from abroad — which Trump also wants to do.

"We came in talking about Medicare, being able to negotiate. And he was saying he wants something even broader," Cummings said. "Then the other thing that we weren't even talking about, was...importation. And then he brought that up, and how ridiculous it was to go to Canada and buy something for $100 and come in the United States and buy it for $900. I think he just sees it as a principle, you know, the idea that, as he said, they're getting away with murder."

Bottom line: "He understands the policy, he gets it," Cummings said. (Democrats introduced a new bill yesterday with those policies and others.)

Go deeper

Updated 2 hours ago - World

Pandemic plunges U.K. into "largest recession on record"

The scene near the Royal Exchange and the Bank of England in the City of London, England. Photo: Tolga Akmen/AFP via Getty Images

The United Kingdom slumped into recession as its gross domestic product GDP shrank 20.4% compared with the first three months of the year, the Office of National Statistics (ONS) confirmed Wednesday.

Why it matters: Per an ONS statement, "It is clear that the U.K. is in the largest recession on record." The U.K. has faired worse than any other major European economy from coronavirus lockdowns, Bloomberg notes. And finance minister Rishi Sunak warns the situation is likely to worsen.

Updated 2 hours ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

The United Kingdom slumped into recession on Wednesday, as its gross domestic product GDP shrank 20.4% compared with the first three months of the year.

By the numbers: Over 741,400 people have died of the novel coronavirus globally and more than 20.2 million have tested positive, per Johns Hopkins. Almost 12.6 million have recovered from the virus.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 20,294,091 — Total deaths: 741,420— Total recoveries: 12,591,454Map.
  2. U.S.: Total confirmed cases as of 3 a.m. ET: 5,141,207 — Total deaths: 164,537 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. States: Georgia reports 137 coronavirus deaths, setting new daily record Florida reports another daily record for deaths.
  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. Sports: Big Ten scraps fall football season.
  7. World: Anthony Fauci "seriously" doubts Russia's coronavirus vaccine is safe