Were pleased to be joined on this occasion by secretary of health and human services, alex azar, and administrator of center for medicare and medicaid services, seema, thank you both. Thank you both. And thank you all for being here. I appreciate it. The unprecedented reforms were completing today are the direct result of the historic drug pricing executive orders i signed in july. Statutorily, we had to go through a very long process and we got it done. I was very proud to have gotten this done. We were pushing it very hard. As we did with the vaccines and other things. The first action will save american seniors billions of dollars by preventing middlemen, famous middlemen, they call them, from ripping off patients high Prescription Drug prices. Currently, there are high discounts in the price of prescription medicines, including rebates to Medicare Part d plans last year alone. Yet often, middlemen stop those discounts from going to the patients, which is what were interested in. No
So today, i have to tell you its a great honor for me to announce that my administration is issuing two groundbreaking rules to very dramatically lower the price of Prescription Drugs for the American People, especially for our cherished seniors. Were pleased to be joined on this occasion by secretary of health and human services, alex azar, and administrator of center for medicare and medicaid services, seema, thank you both. Thank you both. And thank you all for being here. I appreciate it. The unprecedented reforms were completing today are the direct result of the historic drug pricing executive orders i signed in july. Statutorily, we had to go through a very long process and we got it done. I was very proud to have gotten this done. We were pushing it very hard. As we did with the vaccines and other things. The first action will save american seniors billions of dollars by preventing middlemen, famous middlemen, they call them, from ripping off patients high Prescription Drug pri
They are getting louder and louder, including one from aoc, but she thinks we should just pay people to stay at home. I want to get reaction from congressman andy biggs about that at the bottom of the hour. All that and so much more on making money. Charles it feels like the markets marking time because its marking time. Right now, the s p has moved less than 1 for the week. The nasdaq is up about 1 for the week. The biggest story has been the continued celebration in the oil patch. The blue wave, remember, didnt happen and that was the big play there. The other side of that coin is utilities and thats why they have been actually slammed since the election, including this week. While buy has alternated between growth and value, it was stocks that were deeply hammered that actually enjoyed the greatest revival, particularly brick and mortar retailers. Even today, those names are up on better than expected earnings. All of this creating a dilemma. Do you buy the broken names with the mos
The nomination of the white house budget director. A vote on that is exacted at 5 30 p. M. Eastern today. This week Senate Lawmakers are expected to continue work on the Defense Authorization for 2021. This is live coverage of the senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will open the senate in prayer. The chaplain let us pray. O lord, as our lips are open in prayer, so may our hearts be open to receive your holy spirit. Help us to bow to your will and live lives devoted to your providential leading. Lord, we thank you for your providence that brought us the gift of representative john lewis. Were grateful he was a drum major for justice, truth, and righteousness. May his exemplary life and legacy remind us of the Transformative Impact one dedicated person can make on our nation and world. Today, please our senators in their work. Let faith, hope, and love abound in their lives. May they seek to heal the hurt in our world
The [inaudible conversations] good afternoon. Welcome to the National Press club, the place where news happens. Maybe andrea snyder, part of bloombergs breaking news desk and Vice President of the club. Before we get started, would like to remind everyone to please silence earphones. For viewing and listening ideas, please feel free to also follow the program on twitter using the hashtag addin pc life. It seemed to introduce her head table guests. I would like to ask you to please hold your applause until all the guests are introduced and i would like each of you to please him briefly as was announced. From your right we have sarah riordan, reporter for a magazine. Fatah chief strategist in npc have letters member, currently mcwilliams for the Senior Advisor to the fda commissioner, marine, washington correspondent with use site today, jennifer rodriguez, commissioner for affairs of the u. S. Pa. The medicine and health editor, kathleen quinn, Senior Adviser to the fda commissioner. He