this big pharma, big government alliance has been great for big pharma.hey have made a killing these last few years really for decades and it's time they started putting patients first. >> laura: senator, a couple of tiweeks back, speaking a biden,e said we should reexam trump'sad tariffs. but today biden came out and pretended that he was going to be the one after four decades in washington, to put america america first. p >> using federal dollars already then appropriated, to focus on building things that increase our independence so we don't have to rely on anyone else for whether it is cyber security, cyber information, we have the capacity to do it at home, do it at home. >> laura: senator, is it my mistake orr not, am i rememberig this incorrectly, wasn't he vice president in the administration for eight years? i must've missed all that work on these issues of bringing manufacturing back to the united states. >> the problem of joe biden is that he's a classic china appeaser and he has been his whole political career. he certainly was as vice preside

to go back to big pharma, you know, again i don't have any sympathies for these guys, big pharma, bigovernment alliance has been great for big pharma. they have made a killing these last few years and really for decades. it's time they start putting patients first. >> laura: senator, a couple of weeks back speaking of biden, he said we should re-examine trump's tariffs on china and of course that is why china came to the bargaining table in these trade deals. but today, biden came out and pretended that he was going to be the one after four decades in washington to put america first. watch. >> using federal dollars that have already been appropriated to focus them on building things that make us increase our independence. so we don't have to rely on anyone else for weather cyber security, cyber information, we have the capacity to do it at home. do them at home. >> laura: okay, senator, is it my mistake or not, my remembering this incorrectly, what wasn't he vice president and administration for eight years? i must have missed all that work on these issues of bringing manufacturing ba

big pharma's taking television ads, trying to make the case that i am raising prescription drug priceis a lie. what i have done will lead to a 50% reduction in prices at least. a spokesman telling the me about the meeting saying, quote: right now our industry's sole focus is figuring out a way to beat covid-19. the president's plan to import policies from socialized health care systems from abroad is diverting our focus away from those life-saving efforts. pfizer reported its earnings earlier this morning, and the ceo said on the company call that what the president is trying to do is distract, or what he's doing is distracting from trying to combat covid-19. listen here. >> i want to speak to the eckingstive orders -- executive orders the president signed on friday. overall, i am disappointed by these executive orders. they pose enormous destruction at a time where the industry needs to be completely focused on developing a potential covid-19 vaccine or treatment. >> reporter: back here at the white house, neil, by the way, 5:00 later today we will hear from the president. so we'll g

to benefit them as much as it was to benefit kodak but you know let's understand something the big pharma industry is really kind of a super bowl arena where there are already plenty of big players in there who know their business and who are very well equipped to deliver pharmaceuticals this will not be an easy business to break into especially if you're not well versed in that field. oh yeah absolutely i mean i'm still trying to wrap my brain around right now how how kodak who i mean if you grew up in the eighty's and ninety's we all had our disposable cameras and everyone's taking their prayer is that you go from photography to self and cellulite film to pharmaceuticals i mean somebody's got to know something there about how that leap happened and there's got to be something with robin hood financial that it was their investors that made this big move right that's what drove the stock up so what how frequently though do folks actually get in trouble for things like insider trading because that's what this is kind of looking like right. we all know the famous cases of people like martha

paul: but only big pharma can efficiently get these new drugs to market.life enience investor, i think invest in a company, how is that company going to get acquid by a larger company? and if the larger companies aren't acquiring, then it's really difficult to invest in companies that are early in the market. paul: compare that to drugs for viral diseases. even before the frantic search for a coronavirus cure, the antiviral market was booming -- more than doubling over the last decade, while the antibiotics market shrank. but what, besides the increasing aversion to raising antibiotic prices, has changed he last three years? the economics of hospitals. kevin: if you into a hospital with bacterial pneumonia, the hospital gets a fixed payment. if they use the cheap antibiotic or the expensive antibiotic, the hospital gets paid the same. paul: not true for antivirals,t, by contrhich face no such reimbursement constraints. meanwhile, says kevin outterson, hospitals have come undernt increasingly iense cost pressu, made even worse by the decrease in elective su

is it the big pharma that ta kes belong to?a that takes responsibility and who owns it? interesting question. we have seen recently with the us going mad buying all of the stocks it seems oui’ buying all of the stocks it seems our remdesivir for example, in the belief that it might help combat covid—i9, there is almost a marketplace care and the rail race for every nation is all in it for themselves. as regards to this oxford project, my understanding is that the uk government has taken claim toa that the uk government has taken claim to a good share of them and although there will be if there are vaccines if they are successful, the neck support around but certainly the uk is almost trying to show such confidence that i think that hancock did make clear he's put it in advance orders and this is critical because let's state is vaccine here, fingers crossed, is given the all clear. we will find out in the coming days when they published findings in the healthjournals. then it will take weeks, maybe even months to be deployed and

plain and simple. >> reporter: but only big pharma can efficiently get these new drugs to market. >>an early-sta life science investor, i think, when i invest in a company, how is that company going to get ifquired by a larger company? anhe larger companies aren't acquiring, then it's thally difficult to invest in companie are early in the market. >> reporter: compare that to drugs for viral diseases. e even befe frantic search for a coronavirus cure, the antiviral market was booming-- more than doubling over the last decade, market shrank.otics t what, besides the increasing aversion to raising antibiotic prices, has changed in the last three years? the economics of hospitals. >> if you go into a hospital with bacrial pneumonia, e hospital gets a fixed payment. if they use the cheap antibiotic or t expensive antibiotic, t ruspital gets paid the same. >> reporter: notfor antivirals, by contrast, which face no ch reimbursement constraints. meanwhile, says kevin outterson, hospitals have come unde increasingly intense cost pressure, made even worse by the decrease in elective surgeries

directed referendum and 2017 general election coming up in the show as nato nations pour money into big pharma to secure a vaccine for covert 1000 is the real answer for now something much cheaper less sophisticated and easier to prevent perhaps 120000 dying in britain this winter the discoverer of hiv one of the world's most important biomedical plan is dr robert gallo tells us one answer to coronavirus plus as u.s. secretary of state pompei or the man who defamed war crimes publisher wiki leaks flies into london to meet boris johnson is the usa meddling with the u.k. justice system accused of torturing julian assange we speak to vivienne westwood after she suspended a cell phone a giant bird cage above the old bailey can actually see that there was in the run up to the referendum a preponderance of until you pull breaks it pieces on to and sputnik what the report does not do is make any criticism of any individual program a cold commentator present or that's not what this is of no mention of going underground in britain's finally released no redacted russia reports oliseh more coming up in t

perhaps than even the drug companies themselves and the drug companies in all fairness to them, big pharma that irdoing a great job with the vaccines, doing a great job in therapeutics, i can tell you because i deal with them a lot. but i think the middlemen make more money than them and they don't do much. maybe they done do anything. nobody even knows who they are. but the middlemen are making a fortune. and pharmacy benefit managers and people are just bilking medicare patients. with these high drug prices. while they pocket gigantic discounts. gigantic discounts. the amount of money they've made over the decades is too incredible even to speculate or say. it's massive. some very rich people are not going to like me very much today, i can tell you. i probably know them very well. i probably see them in palm beach. nobody ever talks about who they are. everyone -- i hear the middlemen for years, the middlemen, right, alex? he doesn't know who they are either but he knows they're rich. they're not going to be so rich anymore. because the money is going down to reduce the price of drugs, p

promise after its 1st human trials but they're not the only contenders working on a vaccine dozens of big pharma are in the race as well as start ups astra zeneca seems to be pulling ahead of the competition its vaccine was given to more than a 1000 volunteers they are produce an immune response the potential vaccine is one of at least 100 being developed across the world for covert 19 at least 23 of them are already in human trials according to the world health organisation. these are just some of the companies participating in the race against the corona virus. among them global players like pfizer sonal fee and johnson and johnson but there are also many unfamiliar names on that list startups that are at the forefront against kobe bryant jean britain is snapping up $30000000.00 doses from german company by on tech a business founded just 12 years ago from a suit of clothes giants like glaxo smith kline want to piece of the action to the companies buying a 10 percent stake in the german firm cure vax. heavyweight astra zeneca may be in the lead now but not so well known biotech also promising

hmmmm, thankfully big pharma has come up with a way to reassure the public about their motives and its all in their new ad. >> are you worried about the future. unable to sleep at night, afraid that pharma companies will put their profits ahead of your health? if you are concerned about the cost of a vaccine, ask your doctor about vacsalax, the only medication prove tone reduce anxiety about big pharma taking advantage of you in a national crisis am you can trust vacsalax because of its mascot professor cashington. >> side effects include legless rest syndrome. crumble food, spontaneous beard spore sparrows, final contracting, big old pink face, gordon fisherman syndrome, scrotal yotus vaccine resistance. full blown coronavirus and dollar dollar bills y'all 6789 with covid raging across the nation donald trump held an emergency press kmps yesterday in the rose garden. now traditionally addresses from the rose garden are not baldly political events. it is where you celebrate pardon the turkey and celebrate the rare champion turkey. but this was just another rally speech in which trump

thankfully big pharma has come up with a way to reassure the public about their motives and it is alln their new ad. >> are you worried about the future? unable to sleep at night, afraid that pharma companies will put their profits ahead of your health? if you are concerned about the cost of a vaccine, ask your doctor about vaxa-lax. vaxa-lax is the only medication proven to reduce anxiety about big pharma taking advantage of you in a national crisis. you can trust vaxa-lax because of its mascot professor cashington, the ethical money sack. >> side effects include legless rest syndrome, kidney rhinestones, crumble-foot, spontaneous beard sparrows, the galloping hoop-sticks, spinal crunch wrapping, ferdinand's flopsy, big 'ol pink face, gorton's fisherman syndrome, scrotal yodas, chronic vaccine resistance, facial graham- crackering, full blown coronavirus and dolla dolla bills, y'all. >> stephen: with covid raging across the nation, donald trump held an emergency press conference yesterday in the rose garden. now, traditionally, addresses from the rose garden are not baldly political

what is the difference between biotech and big pharma? guest: that is it great question -- that is a great question. the biotech industry was formulated in the united states. it was an industry that was unpacking the biology of cells, understanding how the biology of these cells could be used to made new medicine -- to make new medicines. pharma in the past was essentially trying out medicines on animals to see if they worked and then put them into a human being through a clinical trial process. once we understood how the genes worked, how to manipulate those genes, a whole new ability to transform what we knew about cells into medicine came into being. this is a real revolution. it started in the 1970's, walked through the 1980's and now today. there are approximately a couple thousand companies, about 700 of whom are members of bio. many others are private. there are smaller industries in and these in asia small companies, although tiny represent no more than anyone of the big companies in terms of numbers of employees, generating about

effects, this could be bad news for the smaller or mid cap biotech stocks it could show that big cap pharma is the place to be because they've got a handle on it with much bigger trials and potentially better ability to manufacture. >> in terms of azn, absolutely big cap pharma even when they had the cross hair of both parties on their back, they've really done well eli lilly has been a monster we talked about ibb. i think it made a new all-time high again today that continues to dprie s ts to. i can't speak about moderna, the move today i still think if you've enjoyed the move higher off that 50 handle, you're taking profits. not to cast apersispersions thei think you're really playing in the deep end of the pool with ibb at least you mitigate some of the risk in a space that i still think has tremendous upside. >>> technology falling all-time highs. amazon putting in its worst week since february what is next for this secsector? carter worth is here carter, what are you watching? >> there's a couple things it's worth noting we are in the history books with 91 sessions without having three

ordinary kid like brandon can end up getting hurt they could and that is the truth these pills that big pharma sells. they're essentially heroin pills most people don't know that these opioids are essentially the same the cerebellum that's the key telling patients that they're not addictive that's the killer literally please thank you guys for being a good audience and i'm hoping some of the information i've shared with you today. might help you in a good way. richie son never managed to quit. there is someone responsible for his misery. pharmaceutical. china japan or america that the top 3 economies of the world yes so now they are like the tonic plates are moving away so that would be seismically significant. doesn't sound like a friendly cooperative globalized world to me. i 1st heard about you know. from the helicopter. in iraq. i think that there are people going to its military who have never forgiven. this guy traitor a truth he broke it will be good so he was really the story who kept. independent joran on these guys you'd. see a lot of crimes to have nothing on. the idea of developing

like brandon can end up getting hurt they could sit here and that is the truth these pills that big pharma sells. there are essentially heroin pills most people don't know that but these opioids are essentially the same this here one that's the key telling patients that they're not addictive that's the killer with little ways thank you guys for being a good audience and i'm hoping some of the information i've shared with you today might help you in a good way. richie son never managed to quit. there is someone responsible for his misery. pharmaceutical. you can't be both with yeah you know what. i 1st heard about you know. from the helicopter folks in iraq. i think that there are people i mean with military who have never forgiven. this guy traitor and treat it as a book and will take it up. he was really starting to happen. in the pentagon journalese things you don't. see a lot of crimes. not on. the idea of developing an anonymous digital trombones and applying it to the media since. that was a friend's. control and you're right it would be for a short while. i mean one of the world's mo

ordinary kid like brandon can end up getting hooked they could and that is the truth these pills that big pharma sells. they're essentially heroin pills most people don't know that but these opioids are essentially the same this here that's the key telling patients that they're not addictive that's the killer literally thank you guys for being a good audience and i'm hoping some of the information i've shared with you today. might help you in a good way. reggie son never managed to quit. there is someone responsible for his misery. pharmaceutical. we go to work so you straight home. syria has been engulfed in civil war for will most 10 years it cost hundreds of thousands of lives and displaced millions more no one foresaw the peaceful protests of 20 of them is collating into a complex conflict between various ami's geopolitical interests rebel groups just. they are needed in the book on this. but if you tell us if you say you hate because i. was a genius i'll fill you in the. message look cool and. let you know deep comedic. about the money. and ordinary as south and i. never start from some oth

ordinary kid like brandon can end up getting hooked they could and that is the truth these pills that big pharma sells. they're essentially heroin pills most people don't know that but these opioids are essentially the same this heroin that's the key telling patients that they're not addictive that's the killer literally please thank you guys for being a good audience and i'm hoping some of the information i've shared with you today might help you in a good way. never managed to quit. in someone responsible for his misery. pharmaceutical. 54 jets and more than 1300 military personnel are headed to heal some air force base in alaska where is that to say come on i'll show you what's the reason for any type of enhanced u.s. military presence in this area at rush up. what is it suddenly about the south china sea that makes it so of added 11000000000 barrels of oil. take a look at this map who really owns what kind of says no it belongs to us india says no we claim that that belongs to us both of these countries have nuclear weapons capabilities there is reason for concern so that's why we're going t

. >>> moments ago president trump signed an executive order aimed at big pharma. >>> plus, it's always 5:00 here on "fast money." what better way than to kick off the weekend than with a stock that isbubbling higher save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you only have to pay for the data you need, starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $50 prepaid card when you switch. 5g is now included with all new data options. switch and save hundreds. xfinity mobile. >>> welcome back to "fast money. president trump signing an executive order or actually a few of them aimed at lowering drug prices. meg? >> he actually signed four executive orders, which was one more than everybody was expecting. and the extra order is actually one that's favorable to the pharmaceutical industry. let's walk through what he is promising here the first order promised discounts be p

ordinary kid like brandon can end up getting hooked they could and that is the truth these pills that big pharma sells. they're essential pills most people don't know that these opioids are essentially the same this here that's the key telling patients that they're not addictive that's the killer literally please thank you guys for being a good audience and i'm hoping some of the information i've shared with you. son never managed to quit. there is someone responsible for his misery. pharmaceutical. the pandemic no certainly no blood is just blind to nationalities. has emerged with the back seat. beats sick. people. come in every crisis what is this i don't think. we can do better we should be. everyone is contributing way but we also know that this crisis will not go on forever the challenges the response has been so many good people are helping us. it makes us feel very proud that we are in it together. we go to work so straight home. syria has been engulfed in civil 10 years it's cost hundreds of thousands of lives and displaced millions more no $1.00 foresaw the peaceful protests of 20 of th

ordinary kid like brandon can end up getting hooked they could and that is the truth these pills that big pharma sells. they're essentially heroin pills most people don't know that but these opioids are essentially the same this here one that's the key telling patients that they're not addictive that's the killer literally please thank you guys for being a good audience and i'm hoping some of the information i've shared with you today might help you in a good way. richie son never managed to quit. there is someone responsible for his misery. pharmaceutical. is you'll be d. a reflection of reality. in a world transformed. what will make you feel safe. isolation community. are you going the right way or are you being that. way. what is true what is. in the world corrupted you need to descend. to join us in the death. or a mate in the shallows. the sudden fullest and illegal takeover of a government by a small group. rather than revolutionaries also just good that small group. the operation when you have a tiny people who have all the power you have to have some means to make sure the rest of us do

big pharma companies continue their race toward a vaccine. executives from astrazeneca and pfizer predicted millions of doses could be delivered by the end of the year. >> we have a line of sight on a clear, critical path to be able to deliver up to 100 million doses of commercial-scale vaccine products in 2020, and up to 1.3 billion doses of our vaccine in 2021. >> meanwhile, california just passed 400,000 covid cases and the city of los angeles is bracing for the possibility of another stay-at-home order. mireya villarreal, cbs news, dallas. >> reporter: i'm manuel bojorquez in florida where the debate over reopening schools continues. >> i understand many parents are against itch i get it. >> reporter: tatiana hernandez says she can't stay at home because of work and her seven-year-old son who is on the autism spectrum is falling behind. >> he needs to be able to enjoy his peers, to be able to learn from his teacher instead of -- >> reporter: but are you concerned that he could bring home the virus or that he could bring it to a teacher? >

if you want to look at big pharma you can actually see that but the idea that somehow this researcher at the university of nebraska is part of some conspiracy is a divorce from reality. >> it's a satisfying divorce from reality because it's plugging right into it. validates your assumptions and you create a story. you have have to find the facts and you have to figure them out and understand how they fit together or don't fit together which is sometimes not that difficult to do. it's not as satisfying and also the people you talk about who are expert on a topic in passionate about it and want to talk to people about it and want to engage about it, it's something conspiracy theorists don't plug into and that is history isn't about clear stories. it's a struggle that creates what's happening. the struggles arise more interesting than the story lines that we create because they are tidy and wrapped up in a bow. the struggle in the fight in the complexity and ambiguity, that's part of the fascinating part about history. immersing themselves in it and trying to look through the eyes of som

government was paying big pharma for but l.s.d. we investigate the u.s. a so-called poison or in chief simply gottlieb around the cia's top secret mind control program m.k. ultra which arguably sowed the seeds of today's clandestine operations or around the world and they're all overseas students in the usa about to be deported because of coronavirus through no fault of their own we reveal a loophole that could save students from the violence of the united states immigration and customs enforcement agency accused of multiple abuses at the u.n. claims made violates international law all the civil war coming up in today's going underground but 1st the pharmaceutical giants today race to be the 1st to peyton de corona virus vaccine subsidized by the taxpayers of superpowers back in the so-called cold war the united states was paying big drug companies for a very different reason to manufacture l.s.d. for the cia mind control project known as m.k. ultra a new book boys are in chief by former new york times foreign correspondent stephen

and so forth but i would say that there are a number of the big key players whether you're looking government in charity in health sector or pharma that have acted extraordinarily well and helpfully and that that's been really rewarding i'd say another big problem one assumes to the idea of global uptake of whatever drugs become effective or and are made available is the idea of the anti vax as the people who for whatever reason don't want to take it for themselves or believe that a vaccine or a particular drug might be harmful to children there's also a plethora of conspiracy theories around that these things might become infused with microchips tracking their movements and so on i mean i mean is there a danger and as these conspiracy theories grow online that whatever solutions are made available aren't taken up in sufficient numbers to provide the sort of immunity across the global population that's required well we you know we always have those challenges and i think. i think the 1st thing we can do is be really certain about ourselves and our own evidence it's it's hard to wimpy other people over when in fact the evidence th

someone sneezes we don't all dive under our desks and all be magical there's only one problem the big pharma company gillie ad that owns rem does a very they've already announced their plans to profiteer from this pandemic drugmaker gillie ad says it's doing you a favor by setting the price for its pending covert $19.00 treatment rundown severe and more than $2000.00 for government agencies and there are over 3 $1000.00 for private insurers how does the c.e.o. of gilliatt daniel o'dea justify this discussed during practice he said there underpricing ram decimeters in normal circumstances we would price a medicine according to the value it provides earlier hospital discharge would result in a hospital savings of approximately $12000.00 per patient all makes a lot of sense. oh wait no that's stupid the value it provides to that would mean if a doctor save someone's life with heart surgery then that guy over the doctor the entire worth of the rest of his life millions of dollars and maybe should just be the surgeon's butler. my bill says butler well kids see daddy owes his life to another famil

group terrifyingly called cozy back is trying to steal everything from research labs hospitals big pharma is all of the good guys who are walking toward. a vaccine now some might say selfish interest would include buying up the wild supply of the coronavirus treatment drug not completing the fast preclinical trial of a fax seen on humans or by its nefarious self as russia has done but that's just minor details good old russian into ferrets an old friend you can always turn to if the going gets tough and you need a bit of a break from being bashed the united nations says it has no information about the alleged attack on vaccine development of the russian sovereign wealth fund which is investing in research here says there's no need for theft because oxford university has been sharing vaccine data under existing commercial agreements we asked people in london if they were worried about a perceived russian threat i don't think it's connected to paper street think sometimes i think these things will distract don't you know just for a smokescreen you know just to you know distract us from what

to almost recoup the cost of acquisition in the 1st year according to bloomberg so how much does big pharma spend on developing drugs will on average $2600000000.00 according to tufts university but advocacy group public citizen believes the cost is close as a $1400000000.00 as government spend billions securing supplies of potential covert 19 vaccines pfizer is charging roughly $20.00 for a dose which the company claims is 30 percent less than what other drug makers charge for seasonal flu jab. and because it isn't receiving government money for research and development it can expect to make more than $15000000000.00 in revenue now before we decide further the pricing of drugs and how to get a more equitable allocation we have 2 more reports for you in a moment elizabeth brandon takes a look at india's use of blood plasma in the treatment of coronavirus patients but 1st joe to help on a cheap 60 year old steroids that has proved to be a life saving treatment. this is the intensive care unit. this is a 10 bed intensity and where we had all our covert patients would envy at the height of the

someone sneezes we don't all dive under our desks and all be magical there's only one problem the big pharma company gillie ad that owns rem does a very they've already announced their plans to profiteer from this pandemic drugmaker gillie ad says it's doing you a favor by setting the price for it spending covert $19.00 treatment rendez of air at more than $2000.00 for government agencies and there are over $3000.00 for private insurers how does the c.e.o. of gilliatt daniel o'dea justify this discussed during practice he said there underpricing ram decimeters in normal circumstances we would price a medicine according to the value it provides earlier hospital discharge would result in a hospital savings of approximately $12000.00 per patient while makes a lot of sense. oh wait no that's stupid the value it provides so that would mean if a doctor save someone's life with heart surgery then that guy over the doctor the entire worth of the rest of his life millions of dollars and maybe should just be the surgeons butler off my bill says butler well kids see daddy owes his life to another famil

what is the difference between biotech and big pharma? guest: that is it great question -- that is a great question.

group terrifyingly called cozy back is trying to steal everything from research labs hospitals big pharma is all the good guys who are walking towards a covert vaccine now some might say selfish interest would include buying up the wild supply of the coronavirus treatment drug not completing the fast preclinical trial of a vaccine on humans or by its nefarious self as russia has done but that's just my in a details good old russian into ferentz an old friend you can always turn to if the going gets tough and you need a bit of a break from being bashed. people in london if they were worried about a perceived russian threat but i don't think it's going to play for strange things sometimes often these things will destroy. a smokescreen you know just to warm you know distract us from what's really going on says i that's pretty good evidence that it was from russian is so yeah it doesn't surprise me there's a lot of take. action because he likes it i'd rather be blaming cummings you for a blender i think that got me a puritan is trying to destabilize the rest of us are. to make things. more. c