“It’s time we reevaluate the standards for approving these mergers. It’s time we pass legislation to lower drug prices. And it’s time we rethink the structure of leadership at big pharmaceutical companies.”
A new report from Rep. Katie Porter (D-Calif.) reveals how Big Pharma uses mergers and acquisitions to increase profits at the expense of Americans’ healthcare.. Screenshot: CNN
Rep. Katie Porter on Friday published a damning report revealing the devastating effects of Big Pharma mergers and acquisitions on U.S. healthcare, and recommending steps Congress should take to enact “comprehensive, urgent reform” of an integral part of a broken healthcare system.
As healthcare providers across the U.S. desperately attempt to treat a rapidly growing number of patients with the coronavirus, a pharmaceutical company with ties to the Trump administration has been granted exclusive status for a drug it is developing to treat the illness—a potential windfall for the company that could put the medication out of reach for many Americans.
As The Interceptreported Monday, the Food and Drug Administration granted Gilead Sciences “orphan” drug status for remdesivir, one of several drugs being tested as potential treatments for the coronavirus, officially known as COVID-19. The designation is generally reserved for drugs that treat rare illnesses affecting fewer than 200,000 Americans—but companies can be eligible if the designation, as in this case of a rapidly spreading virus, is made before a disease spreads beyond that limit. Continue reading →
Field day participants make their way past dicamba damaged soybeans to hear University of Arkansas System Div of Ag Weed Scientist Jason Norsworthy talk about volatility of dicamba products on Aug 8, 2017. Photo: uacescomm’flickr/CC
German chemicals giant Bayer announced Monday its intention to “swiftly appeal” a U.S. jury’s decision to award a Missouri peach farmer over $265 million in compensation for years of crop losses as a result of drifting dicamba weedkiller.
The legal challenge was the first dicamba suit to go to trial and was brought forth by Bill and Denise Bader, owners of Bader farms. Dicamba is produced by Monsanto, which Bayer acquired in 2018. Continue reading →
Leaders of top NGOs are protesting the pending sale of the registry that operates the .org domain to a private equity firm. (Image: Andrew Stroehlein/Human Rights Watch/Twitter)
The executive directors of 11 major international nongovernmental organizations on Wednesday added their voices to a swelling chorus opposed to the pending sale of the nonprofit registry that operates the .org top-level domain to a recently established private equity firm.
The NGO leaders came together at the World Economic Forum’s annual meeting in Davos, Switzerland to unveil a letter (pdf) they sent Tuesday to Andrew Sullivan, president and CEO of the Internet Society (ISOC), and Göran Marby, president and CEO of the Internet Corporation for Assigned Names and Numbers (ICANN). Continue reading →
U.S. President Donald Trump signed a trade deal with China on Jan. 15 intended as a first phase toward a more comprehensive agreement between the two countries.
In exchange for some tariff relief, China promised to buy an additional US$200 billion in American goods and services over the next two years and make structural reforms that would provide more protection for U.S. intellectual property. It still leaves about $360 billion in punitive tariffs on Chinese imports in place – and more sanctions would be triggered if China fails to meet the terms of the deal. Continue reading →
Samir Saran, President, Observer Research Foundation (ORF), India, Alice Bunn, Director, International, UK Space Agency, United Kingdom, Frederick Kempe, President and Chief Executive Officer, Atlantic Council, USA speaking during the Session “Future Frontiers of Technology Control ” in “Situation Room” at the Annual Meeting 2019 of the World Economic Forum in Davos, January 22, 2018. Photo: Greg Beadle – World Economic Forum/flickr/CC
Over 200 civil society groups this week voiced their firm opposition to a recently-inked agreement between the United Nations and World Economic Forum that stands to further entrench transnational corporations and their interests in global governance.
“It moves the world dangerously towards a privatized and undemocratic global governance,” said Gonzalo Berrón of Transnational Institute. Continue reading →
FCC chairman Ajit Pai, seen here at the 2018 Conservative Political Action Conference. (Photo: Gage Skidmore/flickr/cc)
Public interest groups celebrated Monday after the U.S. Court of Appeals for the Third Circuit quashed an effort by the Republican-led Federal Communications Commission to relax local media ownership rules.
“Today’s ruling is a tremendous victory for the public,” Free Press vice president of strategy and senior counsel Jessica J. González said in a statement. “It admonishes the Trump FCC for its complete failure to consider the impact of its ownership policies on women and people of color.” Continue reading →
As the Justice Department struck a deal with Sprint and T-Mobile on Friday, consumer advocates vowed, “we’ll continue to fight to stop this dangerous merger from going through.” Photo: Isriya Paireepairit/flickr
Consumer advocates decried the Department of Justice’s decision Friday to sign off on T-Mobile and Sprint’s proposed merger, warning that allowing the nation’s third- and fourth-largest wireless carriers to join forces will drive up prices and negatively impact low-income and marginalized communities.
In a statement, the DOJ announced that it had reached an agreement with five state attorneys general and the companies that makes the merger contingent on the divestment of “Sprint’s prepaid business, including Boost Mobile, Virgin Mobile, and Sprint prepaid, to Dish Network Corp., a Colorado-based satellite television provider.” Continue reading →