World News

Trump picks former pharmaceutical executive as new health secretary

Trump picks former pharmaceutical executive as new health secretary

Azar previously served as a high-ranking executive at Eli Lilly, which has repeatedly raised the prices of its drugs, doubling the US list price of its top-selling insulin over the 5 years he served as a company president. For those opposed to the path Trump has been taking Health and Human Services, Alex Azar symbolizes yet another attack on the progress made by the Affordable Care Act with his policy preferences aimed at undercutting and reversing numerous ACA's provisions. The President is confident Azar could provide America with affordable healthcare and lower drug prices. He rose to become president of the company's largest affiliate, Lilly USA, in 2012. "I will vigorously oppose this nomination".

As head of HHS, Azar would have oversight responsibility for the US Food and Drug Administration, which regulates the drug industry including approving new treatments.

The HHS is responsible for advising the President on matters of health, welfare, and income security programmes.

More news: 'World's oldest wine' found in 8000-year-old jars in Georgia

Chip Kahn, president and CEO of the Federation of American Hospitals, the national advocacy organization for investor-owned hospitals, made similar comments. He believes Azar's years of experience in government service and the healthcare sector makes him uniquely qualified to confront the healthcare system's biggest challenges, including deliberations over healthcare reform, healthcare quality and cost issues. Prior to those postings, he was known as an Associate Independent Counsel for Ken Starr, investigating the Whitewater controversy during Bill Clinton's presidency.

When he worked with HLC, Grealy said that during deliberations, he was a strong and influential voice for health system transformation to achieve greater value as defined by affordability and consistent clinical quality without disparities.

Azar said about joining the company. Democrats and other critics are likely to raise questions about the administration's seriousness about lowering drug prices with a former industry executive leading such a charge. He also pointed to Eli Lilly raising drug prices by double digits while Azar was an executive at the company.


  • Vodafone, Idea to sell tower units for $1.2 bn

    The company said it has garnered almost 20.7 crore subscribers at the end of September which it said was 3.3% increase YoY. Data traffic on its mobile network also grew as the company unleashed a host of data benefits under bundled data schemes.
    Packers RBs Jones, Montgomery out with injuries

    Packers RBs Jones, Montgomery out with injuries

    Hundley responded to the challenge, making the kind of throws that can push the Packers back to the playoffs. Adams snatched the ball and darted past the pylon for a 19-yard touchdown - the second of Hundley's career.

    Opera Trading Capital Purchases Shares of 300000 Rite Aid Corporation (RAD)

    Several analysts have released their opinion on Rite Aid Corporation (NYSE: RAD ), with 1 analysts believing it is a strong buy. Tiaa Cref Investment Mngmt Ltd Limited Liability Company invested 0.01% of its portfolio in Rite Aid Corporation (NYSE: RAD ).
  • Buffalo Wild Wings stock soars on report of takeover offer

    Buffalo Wild Wings stock soars on report of takeover offer

    Barclays is reportedly working as Roark's financial adviser, while Goldman Sachs is working with Buffalo Wild Wings . According to a CNBC report , Roark Capital Group has made a bid offer of $150 per share to buy Buffalo Wild Wings .
    Vidya Balan gives priceless answer on being called 'fat'

    Vidya Balan gives priceless answer on being called 'fat'

    Once called the fourth Khan of Bollywood, Vidya Balan had everyone bowing down to the powerhouse of talent that she is. This is not the first time that Vidya has condemned body shaming.
    Oscar De La Hoya training in secret, calls out Conor McGregor

    Oscar De La Hoya training in secret, calls out Conor McGregor

    De La Hoya retired from boxing in 2009 after losing a fight to Manny Pacquaio the previous year. Mayweather defeated McGregor by TKO in the 10th round in a record-breaking pay-per-view.
  • Eli Lilly and Company (LLY) Position Lessened by Riverhead Capital Management LLC

    Eli Lilly and Company ( LLY ) have shown a high EPS growth of -8.00% in the last 5 years and has earnings rose of 14.10% yoy. Similarly, the company's 10% Owner LILLY ENDOWMENT INC on 2017-10-04 Sell 205000 shares of the company at a price of $86.81.
    Police Fatally Shoot Bronx Man After He Stabs Two Women, Authorities Say

    Police Fatally Shoot Bronx Man After He Stabs Two Women, Authorities Say

    Upon arrival, the officers encountered a man inside the lobby of the location armed with a knife. Lockhart was known in the neighborhood as someone who frequently begged for change on the street.

    Extra Space Storage (EXR) Earning Favorable Press Coverage, Study Shows

    Jane Street Group Llc decreased First Tr Djs Microcap Index (FDM) stake by 11,215 shares to 5,537 valued at $244,000 in 2017Q2. The rating was maintained by RBC Capital Markets with "Hold" on Monday, August 7. (NYSE:EXR) rating on Friday, July 29.
  • Arsene Wenger opens door to worldwide  management after Arsenal

    Arsene Wenger opens door to worldwide management after Arsenal

    And he's still very much enjoying life in club management. "As long as possible as a manager, but one day that will stop". "The referee had an absolutely atrocious input to the result of the game", the 68-year-old added.
    Pakistan court issues arrest warrant for finance minister

    Pakistan court issues arrest warrant for finance minister

    The court also issued a notice to Dar's guarantor Ahmad Ali Qudoosi for failing to ensure the presence of the minister. On September 27, the finance minister had been indicted for possessing assets beyond his known sources of income.
    Industrial production rises 6.2%

    Industrial production rises 6.2%

    One of the main pieces of the data provided was the stellar industrial output which increased by 6.2% from a year ago. The growth rate was 14.4 percentage points faster than the same period of past year .