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Eli Lilly CEO Joins Other Pharma Execs, Raises Concern Over Medicare Price Negotiations Impacting Drug Development

Eli Lilly And Co (NYSE: LLY) CEO David Ricks voiced his concerns about the potential impact of Medicare price negotiations on drug development, which aim to reduce costs for older Americans. In an interview on CNBC's "The Exchange," Ricks said, "I'm really worried about the harm this will do to new cures and possibilities in medicine." Ricks specifically referred to a provision in the Inflation Reduction Act, proposed by the Biden administration, which empowers the ...
United States Albert Bourla Eli Lilly David Ricks Us Chamber Eli Lilly And Co
Source: yahoo.com

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Deflation Pushes PPI To 28-Month Lows; Google's Dominance in Ad Tech Under European Scrutiny; Disney Delays Avatar, Marvel & Star Wars Release: Today's Top Stories

Benzinga Deflation Pushes Producer Prices To 28-Month Lows Ahead Of Fed's Interest Rate Decision U.S. producers now face the reality of deflation, as the Producer Price Index (PPI) for final demand slumped 0.3% month-on-month in May, down from the previous 0.2% monthly increase and below the expected 0.1% fall, the U.S. Bureau of Labor Statistics reported Wednesday. The PPI print follows the May consumer price index (CPI) reading, which came in lower than expected, supporting the market bel...
United States Singapore General David Ricks Bracken Darrell Warren Buffett Commonwealth Fund
Source: yahoo.com

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