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Insights: Policy
Macro
Fed Personnel/Litigation
The various lawsuits challenging President Trump’s ability to fire members of independent boards are moving to a more advanced stage. Most notably, last week the Supreme Court (SCOTUS) agreed to take up the case of Rebecca Slaughter, a member of the Federal Trade Commission (FTC), whom Trump attempted to fire in March. Separately, Trump has filed...
Healthcare
Drug Pricing/Most-Favored Nation Pricing (MFN)
HHS has submitted a Notice of Proposed Rulemaking (NPRM) entitled “Global Benchmark for Efficient Drug Pricing (GLOBE) Model” – presumably outlining a CMS Innovation Center (CMMI) model testing MFN pricing – to the White House’s Office of Information & Regulatory Affairs (OIRA) for review. This is the final step before a regulation is formally...
Healthcare
Drug Pricing/TrumpRx (Direct-to-Consumer)
The Trump administration is considering creating a government-run website which would facilitate the purchase of certain pharmaceuticals by consumers at discounted cash prices – a direct-to-consumer (DTC) construct that would presumably bypass pharmacy benefit managers (PBMs) and/or insurance companies. The plan has not yet been finalized and is...
Healthcare
Pharmaceutical Tariffs
President Trump yesterday posted... "Starting October 1st, 2025, we will be imposing a 100% Tariff on any branded or patented Pharmaceutical Product, unless a Company IS BUILDING their Pharmaceutical Manufacturing Plant in America. “IS BUILDING” will be defined as, “breaking ground” and/or “under construction.”
Tech / Media / Telecom
Antitrust (Google, Meta, Apple, Amazon)
The DOJ’s antitrust actions against Google have continued to advance this month. Earlier this month, the District Court for D.C. issued a series of remedies against Google following its finding last summer that the company illegally maintained a monopoly in the “general search services and general text advertising” markets. And this week, the...
Tech / Media / Telecom
Tech Workforce/H-1B Visas
Late last week, President Trump signed an Executive Order (EO) imposing a new, incremental $100,000 fee for H-1B petitions. Two days later, the Department of Homeland Security (DHS) – as directed by the EO – issued a proposed rulemaking to implement a weighted selection process that would generally favor the allocation of H-1B visas to higher...
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