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
Effective in preventing the disease. Pres. Trump thank you very much. This is a very big announcement, the biggest ever concerning drugs and drug pricing. 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 centers for medicare and medicaid services, seema, 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 s
Emergency use with ely lilly filing for its drug. Hi, everybody the dow and s p 500 are falling. The nasdaq is imagining to stay in the green on the day and for the week lets go to bob pisani for more. Bob . We are turning around and that is a very good thing given all the uncertainty. A little bit of a down day for energy, banks and industrials. Theres your cyclical group. Theyre generally up on the week theyre up today but down big on the week th this is that churning new high list, pretty much the same list. Not expanding much the same names are on the new high list, target, l brands, colgate freeport stability again, no the bad given all of the uncertainty boeings down today, its been up on the week thats what churn is where are we for the markets the important thing is right now were really focused on the spring reopening rare than the covid winter narrative thats because these selloffs ant getting any traction at all. Theres not a lot of volume, not a lot of panic, just churning.
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