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In a dramatic move reminiscent of political scandals, President Trump has fired two Democratic commissioners at the Federal Trade Commission, Alvaro Bedoya and Rebecca Slaughter, defying federal law. The ousted commissioners condemned the firings as illegal and corrupt, accusing Trump of turning the FTC into a tool for his allies. Meanwhile, the newsletter also highlights the impact of Elon Musk on local pharmacies and the trend of businesses relocating to Texas.
UnitedHealth Group and CVS Health are seeking the recusal of FTC Chair Lina Khan and two commissioners from a lawsuit against major pharmacy benefit managers (PBMs) over alleged anticompetitive practices that inflate insulin prices. They argue that the commissioners have shown bias against PBMs, claiming their public statements indicate a prejudgment of the case. The FTC's lawsuit, filed in September, targets CVS Caremark, Express Scripts, and Optum Rx for creating a rebate system that has contributed to soaring insulin costs.
Alvaro Bedoya
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Elon Musk's Impact on Local Pharmacies Amid Political Turmoil
18:15 19.03.2025
unitedhealth and cvs seek recusal of ftc chair in pbm lawsuit
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Rebecca Kelly Slaughter
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Lina Khan
Alvaro Bedoya
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16:53 10.10.2024
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