Donald Trump’s crackdown at pharma: ‘Americans need lower drug prices’; sets 29 September deadline or face action

US President Donald Trump issued a sharp warning to pharmaceutical giants, calling on them to slash prescription drug prices in the United States or face the consequences.In letters addressed to 17 major drug companies, Trump urged them to cooperate with his administration to implement sweeping reforms aimed at lowering costs for American patients, who currently […]

US tariffs: Trump plans to levy 10% duties on goods from African and Caribbean nations; targets pharma and chip sectors next

US President Donald Trump announced on Tuesday (local time) that he is planning to impose tariffs of over 10 per cent on goods from smaller countries, including nations in Africa and the Caribbean, news agency AP reported. “We’ll probably set one tariff for all of them,” Trump told reporters, explaining that the rate could be […]

Indian-origin pharma tycoon Tonmoy Sharma arrested in Los Angeles over $149 million healthcare fraud

Indian-origin pharma tycoon Tonmoy Sharma arrested in California. Indian-origin doctor and businessman, the founder and former CEO of the now-defunct Sovereign Health Group, was recently arrested over $149 million medical fraud. The 61-year-old psychiatrist has been charged with four counts of wire fraud, one count of conspiracy and three counts of illegal remunerations for referrals […]

How Donald Trump plans to beat Big Pharma and cut drug costs by 80%: ‘Going to pay the lowest price’

President Donald Trump has signed a sweeping executive order aimed at slashing prescription drug prices in the United States by up to 80%. The order introduces a “most-favoured-nation” (MFN) pricing model, ensuring that Americans pay no more for medications than the lowest price available in comparable developed countries. Trump said the move was necessary to […]

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