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Last summer, and because of easing regulations and speeding up approvals in fiscal 2018, the fda approved more generic drugs than ever before. tonight, you will likely hear the president with the next step which is to eliminate rebates. that is money paid by drug manufacturers to make sure their drugs are covered by health insurance companies so that pharmacies can easily sell them to consumers. health and human services secretary alex azar say read rates drive up the cost and some medical experts disagree. on the meantime their rallying cries clearly medicare for all with the goal of scrappin...
Dodd-frank passing 67-31. dividing democrats here. progressives oppose easing regulations. they point to a cbo report that says the bill could trigger another financial crisis. many say dodd-frank hurt community banks and regulations were stifling lending. it raises the threshold from $50 billion to $250 billion. shielding more than two dozen mid sized banks leaving wells fargo and jpmorgan chase to face the annual stress tests and providing plans to dismantle if they fail. this is not just bank oversight. other issues are important. it expands free credit freezes. lenders can no longer defaul...
>> i think there will be local incentives but donald trump is going to sound some notes in terms of being friendlier to businesses, easing regulations, maybe talking about sort of a tax overhaul that companies would like. so i think he's going to sort of signal that pro business agenda and carrier will get some breaks and i think we can work out a deal that makes them both look good, or at least that's what they hope. >> i want to play some sound from steve mnuchin talking about how trump negotiated with trump technology and this was an interview on cnbc this morning. take a listen. >> it star...
Years ago to december next month or so that the normalization of the relations really began in earnest. and we saw president obama in his historic visit to cuba as well. hoping that this opening will encourage the political and economic freedoms to blossom in that country. it still is uncertain. as we all know, this is something that largely was done by executive orders of this president in terms of the regulations, easing regulations, easing trade, easing the money exchange. visiting that type of thing. but the u.s. embargo is still in place. that is going to take an act by congress. a republ...