TRUMP DRUG PRICE PLAN
Novo Nordisk hires US pharma veteran as Trump pricing pressure mounts
Novo Nordisk has appointed Greg Miley, a U.S. pharmaceutical executive, as its new global head of corporate affairs. This move comes as the company faces increasing pressure on drug pricing from the U.S. President. Miley's expertise will help Novo Nordisk manage political risks in its largest market.
US will send survivors of strike on suspected drug vessel back to Ecuador and Colombia, Trump says
In a dramatic confrontation, US forces have successfully intercepted a submerged narcotics transport in the Caribbean. President Donald Trump confirmed the operation culminated in the destruction of the vessel. Tragically, two individuals lost their lives, while two others were rescued and will be sent back to Ecuador and Colombia.
Trump's immigration crackdown threatens America's job market and ability to recruit foreign talent
Immigrant workers, vital to the U.S. economy, face job losses and deportation under new policies. This crackdown impacts low-wage laborers and skilled professionals, potentially slowing job growth and increasing inflation. Businesses, including farms and healthcare, report labor shortages and struggle to fill essential roles, raising concerns about economic stability and the nation's appeal to global talent.
A war on drugs or a war on terror? Trump's military pressure on Venezuela blurs the lines
President Trump is employing war on terror tactics against drug cartels. US military strikes have occurred in international waters, targeting suspected drug vessels. This approach draws on legal justifications used after 9/11. Legal experts question the application of war powers against criminal groups. Congress has been largely sidelined in these actions. The administration's focus on Venezuela is also noted.
Game changer: California launches $11 state brand to slash Diabetes costs
California is set to launch its own low cost insulin under the CalRx beginning from January 1, 2026, representing a major step in the state’s attempt to minimize prescription drug prices. Partnering with nonprofit Civica and Biocon Biologics, the program will sell insulin pens at $11 each or $55 per five-pack, no prescription needed. Governor Gavin Newsom stated it as “access on the basis of affordability.”
US sinks international deal on decarbonising ships
An international vote to approve a global carbon pricing system for maritime emissions was delayed by a year after the United States threatened sanctions against supporting countries. The London-based International Maritime Organization (IMO) postponed the decision following opposition from the US and some oil-producing nations, citing economic concerns.
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US stocks Dow, S&P 500, and Nasdaq move uneasily as Trump calms China trade fears, banks start to recover
US stocks turned higher after President Trump said high tariffs on China will not stay. This helped markets recover from earlier losses caused by worries about bad loans in regional banks. Investors are now mixing risky tech shares with safe options like gold and bonds as market fears ease slightly.
Pharma companies announce direct-to-consumer sales and price cuts in US
Several pharmaceutical companies are now selling drugs directly to U.S. patients and offering significant discounts, responding to President Trump's push to lower prescription costs and eliminate intermediaries. These initiatives include deals for tariff relief in exchange for price reductions and the launch of new direct-to-consumer sales platforms.
European stocks set to wipe out weekly gains as banks plunge
European shares tumbled on Friday, on course for their biggest drop in six weeks, as renewed concerns about the health of U.S. regional banks hurt lenders globally.
Navy Admiral and SouthCom Commander Alvin Holsey to retire after one year after rift with Hegseth for not acting ‘aggressively enough’ in Trump’s drug war in the Caribbean
Admiral Alvin Holsey, head of US Southern Command, is retiring after just one year in command. The announcement follows recent US military strikes against alleged drug cartels in the Caribbean and President Trump's authorization of CIA operations in Venezuela. Sources indicate tensions between Holsey and Defense Secretary Hegseth over the pace and legality of Caribbean operations.
Trump says price of Ozempic will be lowered
President Donald Trump announced that the price of Novo Nordisk's popular weight-loss drug will be significantly reduced. Negotiations for price changes are expected to be rapid. The company has engaged in discussions with the administration regarding drug pricing. The focus remains on improving patient access and affordability of these medications.
Trump confirms CIA running covert operations in Venezuela - what’s really happening?
Trump CIA Venezuela: President Trump has authorized CIA covert operations in Venezuela, citing prison releases and drug trafficking as key reasons. This move, alongside recent naval strikes, signals a significant US escalation in Latin America. The administration is also considering land operations, drawing strong condemnation from Venezuela and criticism from US lawmakers.
Praxis Precision Medicines stock jumps over 235% today- Here’s why investors are paying attention
PRAX stock: Praxis Precision Medicines stock saw a massive surge of over 235 percent. This happened after positive results from a Phase 3 clinical trial for ulixacaltamide, a drug for essential tremor. The company plans to submit a New Drug Application to the FDA by early 2026. Analysts have given the stock a strong buy rating.
Trump diverts anti-terror funds from Democratic strongholds to Republican states
Federal terrorism prevention funds are being redirected. Democratic-led states face cuts while Republican-led states see increases. The administration cites risk analysis for the changes. However, twelve Democratic states are suing, alleging political punishment. A federal judge has temporarily blocked fund distribution pending a legal challenge. This shift impacts security grants created after 9/11.
Trump planning to topple Maduro, authorizes CIA operations in Venezuela as US B-52 bombers keep a close eye, Venezuelan F-16 scrambled
The United States has authorized the CIA to conduct covert operations in Venezuela. These operations may include lethal actions aimed at removing President Nicolas Maduro. This move follows a significant US military buildup in the Caribbean. Venezuela has condemned the authorization as a violation of international law. The US cites drug flow and criminal organizations as reasons for its actions.
US to invade Venezuela? Trump admits CIA covert operations, hints at land missions
Trump confirmed authorizing the CIA for covert operations in Venezuela, citing prison releases and drug trafficking as reasons. This follows recent U.S. military strikes on alleged drug-smuggling boats originating from Venezuela. The administration is also considering land operations, drawing criticism from Congress and human rights groups.
School Assembly News Headlines for 14th October: Top national, international, business, sports update
Prime Minister Modi advocates group farming for farmer income. Southwest monsoon has withdrawn from West Bengal. Assam Police will discuss Zubeen Garg's post-mortem report. Donald Trump calls Gaza ceasefire a new dawn. A mass shooting in South Carolina left four dead. US retailers brace for China tariffs. Mohammed Siraj is the highest wicket-taker in Tests in 2025.
Pharma companies announce direct-to-consumer sales and price cuts in US
Several drug makers are now selling medicines directly to Americans. This move follows President Trump's push to reduce prescription drug prices. Companies like AbbVie, AstraZeneca, and Pfizer are offering discounts. A new government website, TrumpRx.gov, is planned for early 2026. Patients will soon have more options to access affordable medications.
Banquets and billions: How AstraZeneca sealed a US medicine deal with Trump
AstraZeneca CEO Pascal Soriot met with U.S. President Donald Trump to finalize a medicine deal. This agreement will lower drug prices for millions of Americans. The deal helps AstraZeneca avoid threatened tariffs on imports to the U.S. market. This marks a significant achievement for Soriot and his company.
US military hikes operational command of counter-narcotics operations in Latin America
The Pentagon has established a new counter-narcotics joint task force to intensify operations in Latin America, aiming to "crush the cartels" and "stop the poison." This move follows recent U.S. military strikes on suspected drug boats in the Caribbean, which have killed 21 people and raised legal questions.
Trump, AstraZeneca announce US drug pricing deal at White House
President Trump secured a discount drug deal with AstraZeneca for Medicaid, mirroring a prior agreement with Pfizer. This initiative aims to lower U.S. prescription medicine costs, with AstraZeneca also offering discounts via the planned TrumpRx website. The administration is pressuring drugmakers to align prices with other developed nations.
Venezuela requests UN Security Council emergency session over US Caribbean military operations
Venezuela has formally requested an emergency UN Security Council session regarding US military operations in the Caribbean. The Venezuelan government, led by President Nicolás Maduro, claims the Trump administration is using drug trafficking as justification for regime change efforts. Four US strikes have killed 21 people in recent weeks
Trump & Co said to have shelved generic drug tariffs, Indian pharma stocks get booster dose
The Trump White House has halted plans for tariffs on generic drug imports, a decision welcomed by Indian pharma companies that supply nearly half of US generic prescriptions. This move reassures millions of Americans relying on affordable imported medications for various health conditions, averting potential price hikes and shortages.
Is Donald Trump planning to topple Nicolas Maduro regime in Venezuela or is it just attack on drug cartels?
Donald Trump, like his predecessor Joe Biden, does not recognize Nicolas Maduro as Venezuela's legitimate president, claiming that he fraudulently retained power after elections last year.
US court rejects Novo Nordisk's challenge to Medicare drug pricing plan
A federal appeals court has rejected Novo Nordisk's challenge to Medicare's program allowing drug price negotiations. This ruling is the latest in a series of failed lawsuits by drugmakers. The court affirmed that the program, part of the Inflation Reduction Act, is constitutional. Initial drug price negotiations are set to take effect next year, impacting millions of Medicare beneficiaries.
Millions set to get 80% off prescription drugs as White House rolls out ‘TrumpRx’ plan
President Donald Trump has launched TrumpRx, a direct-to-consumer website created to make prescription medications up to 80% cheaper for Americans. The initiative enables people to pay cash for specific drugs at rates negotiated by the government, while Medicaid recipients benefit from reduced costs.
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