Morning Brew Daily The 10 Drugs Getting Medicare Price Cuts & Bitcoin's Big Win Over the SEC
Aug 30, 2023
Delve into President Biden's plans to cut drug prices and the potential fallout for healthcare. A recent court ruling boosts Bitcoin's standing against the SEC, stirring excitement in crypto circles. Meanwhile, 3M settles for $6 billion over faulty earplugs. Eminem is taking a stand against political rapping. Plus, a closer look at the accuracy of AI sports journalism and the rising tide of fast food lawsuits over deceptive advertising—comparing it to the letdowns of online dating!
AI Snips
Chapters
Books
Transcript
Episode notes
Medicare Drug Price Negotiation
- Biden's plan lets Medicare negotiate drug prices, targeting 10 expensive prescriptions.
- This aims to lower costs for the government and consumers.
Pharma's Response
- Pharma companies, unhappy with negotiations, preemptively raise new drug prices.
- They argue this offsets potential losses and protects innovation funding.
Bitcoin's Big Win
- A court ruled the SEC wrongly denied Grayscale's Bitcoin trust conversion to an ETF.
- This win offers hope for crypto's integration into traditional finance.
