Looks like a trade detente of sorts between US and China, but dang it is telling that there was no joint announcement. Staggering that Bessent would be just standing on some steps telling the press about the deal, no Chinese officials in sight.
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Also keep in mind that this publicity stunt about drug pricing comes at a time when the GOP are trying to make enormous cuts to Medicaid estimated to remove up to 20% of recipients from the rolls. It doesnt do someone much good to make drugs available via medicare cheaper if you simultaneously kick them off medicare.
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Clinical Trials are almost entirely global these days. This is partly an economic issue but also partly one of ethics (if you are going to sell a drug in a market some of the data on its benefits and risks should be obtained from that market). So for most markets, where the drug is tested has pretty much zero relationship to who makes the drug.
The cost of development and testing has just as little relationship with the price they drug companies charge payers. They claim it does, but it really doesnât. Outside of political lobbying they will freely admit that they charge whatever they think a payer will pay for it and so the differential costs of testing the drugs really has little bearing on how much people pay for it in the end.
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Chinese 10% tarrif versus US 30% tarrifs, will be easily sold as a significant victory to the base.
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This imo. Theyâre not going to accept a drop in one sector at the drop of a hat because an idiot in orange said so.
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Donald relates to the common people, with a story of how a friend, with a normal job, struggles to pay his medical bill
https://x.com/atrupar/status/1921930855867457667
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Trump has discovered the State Tool of Economic Sanctions:
https://x.com/atrupar/status/1921927261017563330
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The âfat shot drugâ is a genuinely funny thing to hear be said by a person in authority, until you realize that is the sort of âI dont know what Im talking about and dont really careâ sort of attitude the president of the United States has to EVERYTHING
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Of course the other thing as @Arminius pointed out is if they cannot claw everything back R&D will get significantly scaled back. Right now the big swings are taken because they know there will be drugs in their portfolio they can charge exorbitant costs for that will cover the relative lack of profitability of others.
As I said above, R&D costs dont really impact the price they charge, but the effect absolutely does swing the other wayâŚlimiting what they can charge across their portfolio will reduce their risk tolerance and result in few big swings and an overall reduction in R&D investment. Which frankly sucks balls for me
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https://x.com/BulwarkOnline/status/1921934451837165615
Edit
https://x.com/RpsAgainstTrump/status/1921933978652610574
âSocialists Healthcare Systemsâ
âEuropean Union is in many ways nastier than Chinaâ
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Donnie is the equaliser
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Fixed it for you.
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With advanced technology the way it is⌠Who is to say the Saudi regime, or others, could not bring that plane down out of the sky whenever they want⌠Not as though every facet of the wiring or logical control has been passed by the American overseers is itâŚ
Upon recovering the black box⌠and no surprise here, unavoidable technical glitch was the reason for the crashâŚ!!!
Isnât he on it himself ?
Donald Trump: âI could be in Istanbul on Thursday for a Russia-Ukraine meeting. President ErdoÄan will be a great host.â
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The reason US drug companies hate the NHS is because it uses its centralised bargaining power to drive down prices. This has a ripple effect that impacts other markets.
For many drugs the UK acts as the international benchmark of what other countries are willing to pay too. (As price made public)
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How dense is that woman?
Thought he was talkingabout himself!