advertised directly to consumers? that s allowed in only one other country on the planet. but it s allowed here. it may not surprise you that in this country drug companies spend more on lobbying to congress than any other industry. a lot more than any other industry. they don t do it by accident. they do it because it pays off in a deal like this. a pretty remarkable deal that they have worked out with politicians. the government uses your tax dollars to buy billions worth of their products and then in some cases forces you to use those products. sometimes those products work and sometimes they don t work. and some cases the products can injure you. no matter what happens, there is nothing you can do about it because politicians have given these companies complete immunity. if their products hurt or kill you, you cannot sue them. you are not even really allowed to complain about it. that s an incredible deal. imagine if your company had struck a deal like that with the congr
to consumers, that s allowed in only one other country on the planet. but it s allowed here. surpr so it may not surprise you thatn in this country, drug companies spend more on lobbying congressress than any other industry. a lot more than an industry, a lot more than any other industry. and they don t d o it by accident. they do it because it pays off in a deal like this. a pretty remarkable deal . the drug companies have worked out with politicians. so the government usesthe gove x dollars to buy billions worth of their products and then in prme cases forces you to use those products. d sometimes sometimes those products work, sometimes they don t work. in some cases, those products can injure work. d some cases t you. no matte but no matter what happens,appes there s nothing you can do about it because politicians have given these companies s have gcomplete immunity. if their products hurt or kill you, you can t sue them. you re not even really allowedtt to complain abo
cover for reckless spending. alexandria hoff live in washington with the very latest. alexandria, good morning. good morning, ashley, todd last week white house press secretary karine jean-pierre said it was not over. that was four months after the president said this. speak with the pandemic is over. we still have a problem with covid. we are still doing a lot of work on it, but the pandemic is over. eight months after the president made that statement more than three years after and acted, the white house will end two national emergencies stating this, at present the emergency declarations extended to may 11th and end both emergencies on that date. this would align with the administration s previous commitment to give 60 days notice prior to the termination of the phd. the republicans to manning for spending come with the declarations needs to end now. $817 billion in stimulus checks, $678 billion in employment, 39 million in housing programs. steve scalise sharing th
Opportunity in the market. The doj is stepping up its probe of Credit Suisse and ubs. We will get you the latest. From new york, dani burger is with me. Welcome to bloomberg markets. It feels like a rally off of a low. Its been a brutal couple of days but we are seeing a little bit higher. Dani it doesnt even feel like a rally, it feels like up pause and a time for reflecting after all those central bank decisions. We certainly see things shifting in the most positive term premium. It something we havent seen for the past seven years. Alix s p futures bounced off the 200 Day Moving Average so it doesnt seem to be a surprise. Its an energy story and we are below the 100 Day Moving Average of the tactical signals leave a question. We talk about term premium but we broaden that out and its about broader risk . Dani it is in a brings us to our question of the day. After what weve seen of the past two weeks, are you getting paid enough to jump in . Joining us to discuss this is michael and
Be deciders of their fate. And im curious about a comment that was made that the European Union is better for the usa, quote end quote. My question is why . What can you share with us that would help convince me that it is in americas best interest to have a European Union as opposed to not having one in as much as our relationship with europe was good in both contexts . I think i said lets all take a swing at it. The eu whatever its current problems may be, is a Major Economic block in the world and Major Trading partner. Is that good or bad for us if they have collectively xr more strength . A prosperous european economy and european growing is one that american businesses can send and sell more products to and investors can make money investing in europe. Do you have data that shows europe was growing slowing before the eu as opposed to after the eu . In the 1990s in grew quite well as did we. He has had it happened problems since 2008, we recovered more quickly than europe has. Thi