Trump vs. Big Pharma: Art of the Deal or Just Another Executive Order?

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Trump takes on Big Pharma and believe it or not people, you everybody’s attributing this tariff stuff and art of the deal and I’m calling BS on that. Here’s one where he can play art of the deal. So again, what this executive order does that Trump signed? Well, in essence, it’s not going to do anything because it’s going to, it won’t win. It won’t hold up in the court of law. I’m just telling you that right now.

He wants to bring down prices that we pay for prescription drugs. I have talked about this on many occasions here on the program. The fact that we here in the United States of America, we pay for the R &D costs, the research and development costs for drugs. You always get this all the time. More often the left is always complaining about the high price of pharmaceuticals and going after.

big pharma and why do we spend so much more here in the United States and it don’t pay as much in Canada or here there and everywhere. Well, again, we don’t have socialized medicine. We have to pay the research and development costs. Again, I was involved in pharmaceutical investment banking way, way, way, way back in my younger years. The costs of bringing a drug to market are extraordinary.

Extraordinary and believe it or not most don’t make it most fail So all of those development costs everything that you put into that drug that treatment that medical device Goes away. That’s just the reality Why do you think the greatest pharmaceutical companies world are here in the United States? Again, yeah, we got great institutions here as well. But also the fact that

They pay here. We have to pay for these drugs. The rest of the world, not so much. Pharmaceuticals go to the NHS in the UK and the NHS says, this is all we can pay for this drug. And they just take it. They just take it. I’ve always had a major problem with that. We all should. It’s not right. It’s not fair. But anyway, let’s say what this, I’m gonna basically go over what this executive order does.

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The order directs the US trade representative and secretary of commerce to take action to ensure foreign countries are not engaged in practices that purposely and unfairly undercut market prices and drive prices hikes in the United States. Now, normally Trump would say they’re just being smart. They’re just being smart. The order instructs the administration to communicate price targets to pharmaceutical manufacturers to establish that America, the largest purchaser and funder of prescription drugs in the world gets the best deal.

Okay.

This is akin, once again, to price controls. Now, wasn’t that long ago when a certain candidate for the presidency by name of Kamala Harris was suggesting price controls on food. And Donald Trump came out on a campaign trail and slammed her, communist, Marxist. Everyone maxine waters. This is during the

W’s administration. And when gas prices first went up above $3 a gallon and Maxine Waters was threatening to socialize the oil companies to control prices, price controls, they don’t work. They don’t work. However, however, this is where I think we could be getting into art of the deal type of stuff with these pharmaceutical companies. Pharmaceutical companies, want to continue to advertise on TV.

Now that’s already been threatened that they’re going to start pulling those ads. Maybe get rid of them. That’s just one of the things that maybe they can push. Is again, you want to encourage these pharmaceutical companies is where you have a conversation and say, hey, listen, enough’s enough here. Enough’s enough. You’re going to have to start forcing these other countries to pay more for these drugs. You cannot let the American people bear the burden of this. And this is where again,

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Yeah, you know, they can pull or not allow them to put ads on TV. I don’t see how in God’s creation this executive order is going to pass any sort of legal that is going to file a lawsuit. It’s going to go away. There’s just no way it’s going to win. You can’t do this legally. Again, it’s another executive order. Doesn’t really hold much weight, not to mention we’re in the United States of America. Price controls.

Now, I think there’s an opportunity for a deal here with Big Pharma when it comes to this. And I think that they know that. I think that they’re well aware that this is not gonna, know, any sort of challenge in the courts is gonna knock this thing down. So again, you know, threaten, pulling their ads off TV, whatever it may be, you know, funding that they get through various different grants, universities and whatever it may be, threaten to pull some of that funding as well.

there’s a myriad of things that you can do legally rather than say, hey, you know what, because we’re upset, we’re upset about the high cost of pharmaceuticals, we’re gonna put price controls on. Because if that’s the case, what is gonna happen? Companies are not gonna develop drugs anymore. It’s gonna be too expensive. They have to have at some point time, they’re companies, they have to make money, right? And if they’re not able to recoup the costs,

of the drugs that they’re making, well guess what? They’re not gonna make them.

They’re business. Watchdog on wallstreet.com.