The Justice Department launched an investigation on drug makers Merck & Co, Valeant Pharmaceuticals International, and Eli Lilly & Co for alleged over pricing. The Wall Street Journal reported that the US Attorney's office in Eastern District of Pennsylvania, along with the Justice Department's civil division set a probe on Merck, Eli Lilly, and Valeant on how these drug makers calculate and report their product pricing to the government medical rebate program.
Tags: Bernie Sanders
Joe Biden, Bernie Sanders Urge Novo Nordisk and Eli Lilly to Lower Prices of Weight Loss Drugs
President Joe Biden and Senator Bernie Sanders have urged Novo Nordisk and Eli Lilly to lower the prices of their popular weight loss drugs.
Novo Nordisk CEO to Testify Before Senate After Sanders' Subpoena Threat Over Drug Pricing
Novo Nordisk CEO Lars Fruergaard Jørgensen will testify before the Senate following Sen. Bernie Sanders' threat to subpoena the company over the pricing of diabetes drug Ozempic and obesity drug Wegovy.
Joe Biden, Bernie Sanders Tout Inhaler Price Drops as They Join Forces to Promote Lower Health Care Costs
President Joe Biden and Senator Bernie Sanders joined forces on Wednesday to promote lower health care costs, including inhalers.
KBW Suggested to Break Citigroup to Increase Shareholders' Value
The analyst at Keefe, Bruyette & Woods believed the breakup would increase shareholders value by 57%. However, Citigroup has asked its shareholders to vote against the too-big-to-fail proposal.
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