Trump Launches Website to Lower Prescription Drug Costs, Reddit Eyes Acquisitions, and Concerns Raised Over CIA Activities
WASHINGTON, D.C. - Former President Donald Trump launched a new government website, TrumpRx.gov, aimed at reducing prescription drug costs for Americans, according to Euronews. The website, announced on Thursday, features over 40 medications from five pharmaceutical companies that reached pricing agreements with the administration. Meanwhile, Reddit announced plans for more acquisitions, and a senior Democratic lawmaker raised concerns about certain activities by the Central Intelligence Agency.
The Trump administration framed the initiative as a challenge to the pharmaceutical industry's pricing power, Euronews reported. Trump stated, "You're going to save a fortune," and added that the initiative was "so good for overall healthcare." The website promises "the world's lowest prices." The pharmaceutical companies involved in the pricing agreements include AstraZeneca, Eli Lilly, EMD Serono, Novo Nordisk, and Pfizer.
In other news, Reddit is gearing up for more mergers and acquisitions (M&A), the company told analysts on its fourth-quarter earnings call on Thursday, as reported by TechCrunch. Reddit CFO Andrew Vollero said the online forum site is looking for businesses that can either leverage Reddit's scale or help grow the company's user base. Vollero clarified that the company was looking at a "spectrum of opportunities" during the call's Q&A portion.
Separately, a senior Democratic lawmaker expressed deep concerns about certain activities by the Central Intelligence Agency, according to TechCrunch. Senator Ron Wyden, the longest-serving member of the Senate Intelligence Committee, wrote a letter hinting at wrongdoing or illegality within the federal government. The CIA responded by calling Wyden's unhappiness a "badge of honor." A spokesperson for Wyden's staff was unable to comment when reached by TechCrunch.
In other developments, The Verge reported that over 300 journalists have lost their jobs at The Washington Post, and over 300,000 readers have canceled their subscriptions. The publication is owned by Jeff Bezos, who purchased it in 2013.
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