i've been fighting big pharma since i was a united states senator. back in the days. unlike other parts of the healthcare system big pharma got a special carveout to prevent medicare from negotiating. they were not allowed to do that for years, advocates, like many of you here today worked tirelessly to change that. giving medicare the power to lower prescription drug prices just like the department of veteran affairs was able to do for veterans. it matters. at matters a lot. [cheering and applause] i tell you what, she got a special secret weapon. you want that with you. representative especially senator bernie sanders from vermont. talking about a law that democrats passed and low prescription drug prices. i will add, i will explain it in a moment. saving the taxpayers billions of dollars. not just individual recipients that benefit. the taxpayers. they pay more than was pointed out in any other advanced in the world. i could take you where air force one would be. take you to any pharmacy. all right. all right. serrano, canada, paris, france. i can take you anywhere

nandini piramal, chairperson at piramal pharma.s have been trading for about three minutes. let's check on where they are. the sensex index and the nifty under pressure, down 0.3%. india has been under pressure the last one week. coinciding with gains in chinese stocks. rubi 83.96 -- rupee 83.96. keep it here with us. this is bloomberg. ♪ haslinda: former new york fed president and bloomberg columnist bill dudley said as he has been too pessimistic about the risks about hard landing for the u.s. economy. he spoke to our colleagues jonathan ferro and lisa abramowicz. >> my original view was the fed would be late to tightened monetary policy. check. as a consequence the labor market would go up and get very tight. check. then the federal reserve would have to tightened monetary policy a lot. check. and the rate would go up half a percentage point and trigger the sahm rule. check. that doesn't seem like it is leading to recession. the gdp numbers have been very firm lately. second quarter, 3%, third quarter is tracking 2.5%. even thou

the purdue pharma bankruptcy. now that doesn't mean that each individual person who wants to settle you have the autonomy to do that that's a contract nothing about this affects that the issue is forcing you to give up your rights against someone not in bankruptcy. so really you have a bankruptcy and then you have two people who are not in bankruptcy and how the bankruptcy system say lawyers for many years should be able change the rights between those those third parties without their consent. that is the issue i took a while to get there, but i think sometimes it's all like good guys and bad guys and all of that. and i really want to generalize the issue really is about coercive federal power and changing your rights without, your consent, and how broad that goes. and i think that's a really important whatever you think of the produce act settlement and settlement. not quite right. it's a settlement. whenever one agrees to it. it's not a settlement. you apply it to people who did not consent. gotcha. can you tel

the purdue pharma bankruptcy. now that doesn't mean that each individual person who wants to settle you have the autonomy to do that that's a contract nothing about this affects that the issue is forcing you to give up your rights against someone not in bankruptcy. so really you have a bankruptcy and then you have two people who are not in bankruptcy and how the bankruptcy system say lawyers for many years should be able change the rights between those those third parties without their consent. that is the issue i took a while to get there, but i think sometimes it's all like good guys and bad guys and all of that. and i really want to generalize the issue really is about coercive federal power and changing your rights without, your consent, and how broad that goes. and i think that's a really important whatever you think of the produce act settlement and settlement. not quite right. it's a settlement. whenever one agrees to it. it's not a settlement. you apply it to people who did not consent. gotcha. can you tel

iran pharma expo vr is the first time i came here to iran pharma. i saw a good opportunity for the development of business relations and the latest achievements of iran's pharmaceutical industry, the presence of importing companies, which have now become producers of nearly 300 products in the field of drug supplements , we are working with 10 factories and in 10 factories and now we are the largest supplier of pharmaceutical supplements in iran, as far as knowledge-based and industrial manufacturers of drugs. we produce about a thousand items of pharmaceutical products in the country. we have about 10% of the market in production and the same amount is explained anyway, we share the market we have and in providing pharmaceutical needs in the field of natural and complementary medicines, some of our products are knowledge-based and are produced for the first time in the country. their technical knowledge is formulated and finalized in the domestic universities of the country . the minister of health has a lot to say about increasing production and r

as a patent, we have a lot to offer and team up for a large pharma company.t is not out of our plans. our plans is to partner and be successful with a partner. >> karen joins us live now from london with more. karen, he didn't rule it out. >> no, he did not. this is something where there is speculation growing about could have been a partnership in line with zealand pharma. i wanted to touch on the new generation of drugs. zealand pharma has reported positive top line results for the candidate over recent months. one a contender to wegovy and zepbound. there is another one as an analog. the company is pushing ahead saying this is the next phase because it offers a higher quality weight loss with less muscle loss and fewer side effects. without getting technical, it mimics a hormone with the insulin in the pancreas. it makes a feeling of people feeling full. whereas the original glp-1s, they suppress the appetite originally. this is where adam was telling me is where they differentiate. this being the next big things everyone is talking about. we see the first

i'm the one who was against big pharma. it's your wall street partner who invests in big pharma. you oversee it and take massive amounts of money. your whole campaign is funded by wall street big pharma and big tech. that's how you launched your attack ads against me. i can't even believe he would say that i don't want to negotiate against drug prices. i think drug prices are wildly too high. i will actually do something about it because i'm not taking big pharma money. i'm not taking special-interest money. her partner is making money off of it and doesn't even disclose the prophet she's making. >> we are going to move onto childcare. i want to tell you both think -- one thing. we will have a final question that wants you to respond to everything you would like to challenge. that will be in our final question. sen. baldwin: but not right now? >> we are going to move to childcare. >> a typical wisconsin family with an infant and a four-year-old spends about one third of their income on childcare. some even have a hard time finding that childcare because of a lack of workers. wisc

that's why big pharma the inflation reduction a month one big pharma people are shocking to know therican law for 20 years, the government cannot negotiate prices with big pharma because big pharma had the ability with their lobbyist want to make it so so whatever they wanted to charge, and medicare part d, that is with the charge nest when they got the first time, we were able to stand up and muster courage to stand up to big pharma and pull this off the inflation reduction act, and as a result, there are two drugs that had to be negotiated with medicare one of them is insulin capped at $35 a month, and another one is one the lady who was here, denise, she is here where you disease is there you are. she was on the net and she saves a thousand dollars year because of that ira, saw the big pharma but it is a lot to them. >> thank you matt cartwright cement i thank you so important to recognize the impact pharmaceuticals and actually the inflation reduction bill probably only things that i support, is a prescription medicare and prescription capping insulin prices. penalty been a membe

i'm the one who was against big pharma. it's your wall street partner who invests in big pharma. you oversee it and take massive amounts of money. your whole campaign is funded by wall street big pharma and big tech. that's how you launched your attack ads against me. i can't even believe he would say that i don't want to negotiate against drug prices. i think drug prices are wildly too high. i will actually do something about it because i'm not taking big pharma money. i'm not taking special-interest money. her partner is making money off of it and doesn't even disclose the prophet she's making. >> we are going to move onto childcare. i want to tell you both think -- one thing. we will have a final question that wants you to respond to everything you would like to challenge. that will be in our final question. sen. baldwin: but not right now? >> we are going to move to childcare. >> a typical wisconsin family with an infant and a four-year-old spends about one third of their income on childcare. some even have a hard time finding that childcare because of a lack of workers. wisc

have we factored that in to how we look at pharma companies?me on the scene, there's immediate discount to sleep apnea devices and things like that is it time now to realistically start thinking about the future? >> yeah, it totally is thanks so much for having me yeah, the study today on the obesity rates, i mean, it's so logical when we, kind of, think about the assent of the glp-1 category and when you line it up against the pandemic, there were clearly some behavioral patterns that probably changed in 2020 through now that's aiding the numbers that we're seeing. but, yeah, i mean, even with what "the financial times" came out with today, we're looking at a population just in the united states of 100 million people that are still obese so, we're just at the precipice of really talking about what this actually means and just going back to some of the data sets over the past couple of years that have been very, very profound and sleep apnea, diabetes, hypertension, other cardio and metabolic diseases, yes. we don't know what the long-term impl

francine: but are pharma companies having a harder time after covid?here seems to have been an explosion of not trusting pharmaceutical companies. even, you know, vaccines being questioned. have you felt any backlash? lars: yes, and to me, that's a really, really sad situation to be in, because, had it not been for some of the very innovative small biotechs who came up with vaccines and then teaming up with some of the largest forces of our industry to, in record time, get approval and scaling manufacturing, i think the world would have looked much different today. and i respect there are some who do not like vaccines, but the majority of us had a number of shots, and that led to a lot of debate about, are patents really needed? and unless we have, you know, an ability to patent innovation, there's not going to be any innovation, so there'll be no new products. so, i think there is something about equality, how we distribute products. and, honestly, i think a lot of the rich countries ended up grabbing products for their own population at the expense o

, big pharma, and the biggest, there's simply nowhere else to go, and one simple reason, if it... isd for it, accordingly they will not miss out on benefits, they will be on the same line where they produced medicines, there too they will produce dietary supplements, well, just a little bit from other substances, it turns out cheaper, and it does not require as many control points as with drugs, subsequent random control is not required, that is, when the drug enters the market, it will then be checked, but they are at least about checks, that is, the bat at least must be harmless, right, yes from the point of view. that is, there are three main requirements there, so that there are no toxins, so that there is no pathogenic microflora and so that there there were no radionuclides, and the requirement for benefit does not exist, the requirement for benefit does not exist, moreover, the advertising legislation states that manufacturers of dietary supplements are prohibited from appealing to clinical studies, even if they were conducted, this is not a medicine, again, this is a food pro

and familiar with the range of obstacles they have to cope with of, to 2 years of pharma. he was bankrupt and determined to stop at those suffering the same site i thought of providing multiple solution within a single value chain. so that this one of the fundamental at the end of the day become productive and also getting bitter inc. around 85 percent of e. c. i. p is 105000000 residents live in rural areas. and the majority where i can aquaculture, who am i, school of countries, agricultural outputs is produced by small hold. the firm is then we have times where our population satisfied the 2 feet themselves and also satisfy the market. the market back looking got the kind of tv land. we have a very huge land, huge at abilene and we have potential to produce, you know, 20300000000 tons of, of different. i'd really consider commodities. so especially in the ethic and context, we always pull nouns, farmers that are very poor, but actually they are not poor. they lack a proper solution. and that order we, so we need to pay for that purpose of an issue. a widow who relies on

i don't sleep a quarter, sol as a livestock pharma here in northern spain, an average of 15 farm animals are killed by wolves in this region every day. for farmers, it's a heavy blow, even though the regional government pays compensation for the animals. mitchell barnett for me, this is a huge loss, but not so much the sheep killed by the wolf, but also what comes afterward. the miscarried, 3 display distressed her to go. now philippe owns 1200 sheep. he's lost more tools than he can count. that's why the predators were once hunted down in this part of spain. about 3 years ago, wolf hunting became a legal across the country fellow and looking to book the job. but if it will, doesn't have to disappear completely hit a, but it has to be held in check on the outcome. if we want our hurts to graze company and help prevent forest fires. but i mean, even if we want there to be shepherds in our village, it, uh, i'll be on the bus boat, then we have to keep the wolves under control control and the phone on each over to the lower level. the castilian legal region is home to about 1800 volts. some

and big tech, but her partner on wall street is investing in big tech and big pharma. a committee she oversees. they don't disclose those investments and how much they are profiting from it. that's fundamentally wrong and you should disclose what investments your partner is making. moderator: thank you. the question on the supreme court? sen. baldwin: first i need to talk about what eric hovde just said. he should stay out of my personal life. i think i speak for most women that he should stay out of all of our personal lives. with regard to the supreme court of the united states, there is no trust anymore. when we saw the exposes about clarence thomas and others going on private planes to exotic locations, when we hear stories that private interests have paid off mortgages and vehicle loans, that's outrageous. we need a binding, tough standard of ethics and conduct. we are also very distrustful of the court because we saw three trump appointed nominees lie to the judiciary committee about their respect for precedent. i think an examination of term limits for the supre

so one form of pharma has made it is mission to make agriculture easy overall. with the help of a mobile app and the support service on his efforts are very fruits. it's not just to me see from e, c i p s or a me or region is one of the many farm is the prominent and today is to, to is keen to help. he's the founder of a digital platform that helps small holders tackles of many challenges. they face russia or farming. and um, however, it is an app for tools so offers in person support from local agents. the agents are recruited from the community. they speak of automatic language, and farmers are not required to have a digital tool or not required to know any additional language by their own language. the call agents provide a lot of a lot of support, like many of the agree textile types on the rise across africa law should provides what the full cost sol, analysis, and disease warnings the form is. and agents can also use that to get access to tools and machinery seats and advisory services based in august of by found a problem. and 3, as boot is a form of vomi

stop pharma here in northern spain, an average of 15 farm animals are killed by wolves in this region. every day, full foam is, it's a heavy blow, even though the regional government pays compensation for the animals. mitchell bunny for me. this is a huge loss, but not so much the sheep killed by the wolf, but also what comes afterward, the miscarriage in this way, the stressed her to go no sleep. it owns 1200 sheep. he's lost more tools than he can count. that's why the predators were ones hunted down in this part of spain. about 3 years ago, both hunting became a legal across the country below and looking to book a couple of it will doesn't have to disappear completely hit a, but it has to be held and check on the account. if we want our hurts to graze company and help prevent forest fires, but i mean even if we want there to be shepherds in our village it, uh, i'll be in the boat, then we have to keep the wolves under control control. and me. and i found out each over to the lower level. the custody lindley own region is home to about 1800 wolves. some areas have the highest popula

we cannot trust her because she is taking money from big pharma. she took nearly $1 million from astrazeneca that is pumping these narcotics into our kids. that is how we address the mental health crisis. we get them off the drugs and prioritize what we love and stop prioritizing foreign aid in foreign wars and prioritize our children. >> congresswoman glusenkamp perez, washington recently enacted new gun-control laws including a ban on high-capacity magazines. should congress enact some of these restrictions in the name of reducing gun violence? rep. perez: i think that washington state has done some things that are productive and they have done some things that are going to be overturned in the courts. the second amendment is clear in our right to bear firearms. those discussions and a top-down solution i do not see as productive. there is not a pill that will fix the suicide rate in our children. the things that fix it are getting back to the kind of economy where you can raise a family. we have to rebuild the middle class. right now it feels li

we cannot trust her because she is taking money from big pharma. she took nearly $1 million from astrazeneca that is pumping these narcotics into our kids. that is how we address the mental health crisis. we get them off the drugs and prioritize what we love and stop prioritizing foreign aid in foreign wars and prioritize our children. >> congresswoman glusenkamp perez, washington recently enacted new gun-control laws including a ban on high-capacity magazines. should congress enact some of these restrictions in the name of reducing gun violence?

property government here, asia 2nd law just on the and wholesale market and lessons going out of shop pharma . is that again unhappy that is reasonable on getting a fair price and amc isn't a pick the middle need either. yeah, as me when i made a get like a 5 or even among thousands or be so do that definitely not in the india produces more than 20000000 tons of onions for you in 2 hours in between these there's a delicate balance of supply and demand. bad weather, spoilage and changing supply chains can cause prizes to rise portfolio. when it comes to spoilage good, an ample storage is key. agriculture experts say there is much room for improvement . this daughter just has to be signed the page build a good enough. go to just go to the uh, products templates it may have worked in. but in this product i have to be really good with the products and visits and display. sure to be modern. sophistic dirty, nope, to something but a point of view. you literally point of view some fumigation back to this point of view and logistical point of view. but you know, loading and unloading, going on in gr

the stopping pharma ripoffs act to bring down prescription drug prices. i worked with my republican colleague mike -- excuse me, marc molinaro on the lowering grocery prices act to bring down food costs. moderator: thank you. rep. ryan: and -- can i respond? moderator: yes. rep. ryan: this is deeply concerning to hear one of -- i think what you'll probably hear a few mistruths from my opponent tonight. i am a proud member of the bipartisan salt caucus, which is focused on raising and i -- and i would argue eliminating the salt tax. this is double taxation for new yorkers and as a reminder, it's president trump that actually put this in place. when the democrats were in charge of the house we passed lifting this with the republicans in the house the last two years. they have not been able to pass it so with a house democratic majority, i will proudly vote to lift this cap and relieve many of my constituents. moderator: let me ask you, actually, mr ryan. i know you and 44 other members co-sponsored a bipartisan bill to repeal the salt cap, but the measure n

, big pharma, and by themselves. there’s simply nowhere else to go, and one simple reason: if it sells for it, accordingly, they will not miss out on benefits, they will be on the same line where they produced medicines, they will also produce dietary supplements, well, it’s just a little bit from other substances, it turns out cheaper, and it does not require as many control points as with drugs, subsequent random control is not required, that is, when the drug has entered the market, it will then be checked, but they will not. now about the checks, that is, the bat at least should be harmless, right, yes from the point of view, that is, you are a toxicologist, yes, he should, someone should put a stamp that it is normal, yes, yes, absolutely right, that is, we should evaluate this, including the research institute nutrition, that is, there are three main requirements, that there should be no toxins, that there should be no pathogenic microflora and that there should be no radionuclides, there is no requirement for benefit, there are no requirements for benefit, moreover, in advertisi

well pharma takes a drug like maquina and you get one positive trial. one thing that shows maybe there's benefit ignore the fact you need to repeat a study in order to make a definitive conclusion. and so there was a feeling that mekhennet could prevent preterm labor and so the bandwagon effect took off eventually. the repeat study was done. it showed no benefit zero. but that didn't the bandwagon it just going on and medicaid was paying for it and at one point i believe the company actually told medicaid. well, sure can take it off the market. i understand you need to take it off the market, but let medicaid beneficiaries keep getting it and this was the sort of, you know, saw in clear view kind of holding on to any shred of life they can get out of a product. but you also talk about how the elite institutions and establishments to close ranks. when someone challenges this the the narrative that was the case in the peanut allergy another omega we were talking about women and now we were talking about childbirth before hrt hormone replacement therapy am

we cannot trust her because she is taking money from big pharma. she took nearly $1 million from astrazeneca that is pumping these narcotics into our kids. that is how we address the mental health crisis pretty we get them off the drones -- drugs and prioritize what we love and stop prioritizing foreign aid in foreign wars and prioritize our children. >> congresswoman glusenkamp perez, washington recently enacted new gun-control laws including a ban on high-capacity magazines. should congress enact some of these restrictions in the name of reducing gun violence? rep. perez: i think that washington state has done some things that are productive and they have done some things that are going to be overturned in the courts. the second amendment is clear in our right to bear firearms. those discussions and a top-down solution i do not see as productive. there is not a pill that will fix the suicide rate in our children. we have to rebuild the middle class. right now it feels like the middle class is an endangered species. the reason we had to build a ho

study pharma? nih. the american academy of pediatrics this lives the bermuda trial angle of medicine. we need scientific standards because when we issue edicts and recommendations based on a gut feeling, we have a lousy track record. and when we use good, we shine as a profession, help a lot of people. yeah, just following on that, it's important know we spend a staggering amount of money on delivering health care and very very money studying what actually works and disseminating information what actually works and equally importantly what doesn't work. i want to start going to questions and by the way, those people watching on youtube, facebook x or on our website you can submit your questions use the hashtag hashtag cato health if you on x but do have one online question then we'll take questions in the audience as well. richard lauren. he's in south carolina asks quote much of medical and psychological research fails to replicate. when we performed how many physicians that have training evaluation of

. >>> later, shares beaten down pharma stock moving higher. it is monday, october 7th, 2024. you are watching "worldwide exchange" here on cnbc. ♪ >>> good morning. thank you for being with us. i'm frank holland. let's get you ready for the first trading day of the week. the check of the u.s. stock futures. look right now. in the red across the board. the s&p down 34 points. the dow looking like it would open 200 points lower. nasdaq on the percentage basis, hardest hit, down .50%. this action here is following friday's stock surge and better than expected jobs report showing 250,000 jobs added last month compared to 150,000 expected. mega cap tech and the big banks driving the rally this morning. look at some of this action. you are seeing tesla, big event for tesla this week. fractionally higher. amazon down 1%. jpmorgan flat. we want to check the bond market. a lot of action in the bond market with interest rate traders slashing expectations for a 50-basis point cut from the fed when it meets next month. look at the treasury here. back above 4%. really interesting here. a

for me, it's the next logical spill majority is where i'm looking at, defense, medical, pharma, thosere the companies i will, quote, broaden out into. >> keith, thank you for joining us today. we appreciate your time and insights. >> thank you. >>> big tech weighing on the market. apple is lower ahead of its earnings report after the bell. the result will include two weeks of iphone 16 sales, with investors looking for clues whether the ai efforts fueled the much hyped super cycle. toni sacconaghi joins us from bernstein. i've got a little sister who i think spends money on crazy stuff. she's already gone out and bought the brand-new iphone because of the ai software, she says she loves it. but you said this is -- i was readic through some of your notes. you don't think that it's going to drive earnings right now. why? >> good afternoon, contessa. so, that is really the big question -- will apple intelligence functionality in the phones drive a strong cycle? you know, to date the apple intelligence is very modest. it will be rolled out over the remainder of this year into next year, s

the book is framed about purdue pharma, i started the oxycontin crisis and they were explicitly goingnd trying to foment very small number of doctors and that's straight out of the epidemic play bok. >> explain that. in the case of the opiate crisis how does it reflect more of the epidemic and a disease spreading than anything else. >> what are the fundamental characteristics of an epidemic is that epidemics are generated by a very small group of people. >> in covid, a handful of people were responsible for the virus and there were a group of people that managed to pharma. in the case of the opioid crisis it wasn't most doctors who were writing too many prescriptions for oxycontin. it was a very small group of doctors who purdue located and spent all of their time and attention and they wrote thousands and thousands of prescriptions sustained by a small group of people. >> everything could be a tool for good or a weapon for bad. does part of you look back at the tipping point and regret the ways that they were deployed for things you would not agree personally. >> regret is a strong w

iran pharma expo. the first time i came to iranpharma , i saw here a good opportunity to develop business relations and the latest achievements of iran's pharmaceutical industry, the presence of importing companies , but now we have become importers, but now we produce all these 300 products in iran, so scientists and production some of the industrial manufacturers of our products are scientists and for the first time in the country their technical knowledge is produced in domestic universities, formulated and finalized. the pharmaceutical industry is one of the most important industries in the world and one of the leading industries. our country is one of the countries that has a lot to say in this field . increasing production and realizing the goal of 1 billion irai for drug exports according to the seventh plan announced the injection of liquidity. since we arrived , we have invested about 10 hamats from different channels in the field of drug production and a large number of problems in this field

but let's call us initial pharma locus that little will present them under contract and all or the diesel, this little lock lock to the for you, some one. well walk, how you walk on, hey hey, i know. i know i shouldn't even say you must look not gonna move on. but the actual move was going uh, the bulk, the overall with bulk for the color of the administrative and then her since the middle of the month looking home. but somebody i should hold must be glad visual and it hasn't been for them to sit. i remember. so i saw, i suppose this is the model of the, the theater. hey, you hello, who is the owners? did the i'm on the other side of the i don't know if that the, the, with the end of the going for the sure both the shit and the mobile and most of all the cool best thing about this was so good for the whole. oh yeah, no, i have done doing that so so the know how to follow the the who's over the father of and none of the, from the, from the dead of bill for the coma took the not to qualify. look now looking at the startled look. definitely the so if i the biggest in the minds of 11 the colo

we cannot trust her because she is taking money from big pharma. she took nearly $1 million from astrazeneca that is pumping these narcotics into our kids. that is how we address the mental health crisis. we get them off the drugs and prioritize what we love and stop prioritizing foreign aid in foreign wars and prioritize our children. >> congresswoman glusenkamp perez, washington recently enacted new gun-control laws including a ban on high-capacity magazines. should congress enact some of these restrictions in the name of reducing gun violence? rep. perez: i think that washington state has done some things that are productive and they have done some things that are going to be overturned in the courts. the second amendment is clear in our right to bear firearms. those discussions and a top-down solution i do not see as productive. there is not a pill that will fix the suicide rate in our children. the things that fix it are getting back to the kind of economy where you can raise a family. we have to rebuild the middle class. right now it feels li

when we pass the voting rights in this way than the phones of pharma stable, will they be able to sit down together, table of brotherhood? i have a dream. washington d. c. 1963. democracy speaks and automatically when presidential ins and introduced stubbs voting rights that to the american public, he use the language of the civil rights to move man it took almost a 100 years to realize that those civil war amendments granted because there was a push back to the rights that were granted on the amendments we had the was be called a jim crow era with lots of states pass laws that made it impossible for minority voters, black voters to be able to vote. they had literacy tests. they had poll tax is. so while on the books, it said you had the right to vote. in reality, you didn't you know, you hear that america is one of the oldest democracies in the world. but in reality, most people have not had a chance to participate in our democracy. and even now we're facing a lot of laws that try to limit or create barriers to that participation. i co direct the voting rights project that work reall