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Drugmakers attacked the Inflation Reduction Act on Tuesday as Medicare unveiled the first drugs to face price caps under the law.

Some of the most widely used drugs in the U.S. may be heading for lower prices under Medicare, a move that could save taxpayers billions of dollars and squeeze profits for big pharmaceutical companies.

Eisai Co.’s breakthrough Alzheimer’s disease drug Leqembi has gained full approval in the US. Yet, testing requirements and side effect warnings that may limit its use sent the company’s shares sliding. The Food and Drug Administration’s decision marks a milestone, as Leqembi is the first drug shown to slow progression…

The U.S. has started unwinding its COVID-19 crisis measures that have expanded access to health care for millions of people since the beginning of the outbreak in the country in

President Joe Biden cast Republican congressional candidates as committed to “destroying America,” and said he had no respect for adherents of former President Donald Trump, as he kicked off his midterm campaign push with a rally in Maryland’s suburbs.