1 00:00:05,120 --> 00:00:10,719 Speaker 1: Why from ball, Heartland and the crossroads of America. It's 2 00:00:10,800 --> 00:00:17,560 Speaker 1: Tony Katz today, the seventy. 3 00:00:17,360 --> 00:00:20,400 Speaker 2: Representative profits from their American customer. 4 00:00:20,400 --> 00:00:26,479 Speaker 3: I would say that's not soluteed right, that's not exactly great. 5 00:00:27,160 --> 00:00:30,040 Speaker 2: To address this chronic on fairness, I signed an executive 6 00:00:30,160 --> 00:00:34,559 Speaker 2: order earlier this year instructing my administration to do everything 7 00:00:34,600 --> 00:00:37,839 Speaker 2: in our power to implement most favored nations drug pricing, 8 00:00:38,840 --> 00:00:43,600 Speaker 2: something that has been helped greatly by tariffs, because when 9 00:00:43,680 --> 00:00:46,519 Speaker 2: nations refuse to do it, we're sure to put this 10 00:00:46,560 --> 00:00:49,400 Speaker 2: in the case. Yesterday, I just say, well, if you're 11 00:00:49,400 --> 00:00:50,640 Speaker 2: not going to do it, we're going to charge you 12 00:00:50,680 --> 00:00:53,600 Speaker 2: a like amount of tariffs. And they immediately say, we'll 13 00:00:53,600 --> 00:00:53,960 Speaker 2: do it. 14 00:00:55,040 --> 00:00:58,520 Speaker 4: That's President Trump in the Oval Office where he is 15 00:00:59,120 --> 00:01:03,080 Speaker 4: announcing lower prices on those GLP ones, lower prices on 16 00:01:03,200 --> 00:01:06,520 Speaker 4: weight loss meds. Tony Katz. Tony Katz today, what do 17 00:01:06,640 --> 00:01:09,319 Speaker 4: you do? And everybody good to be with you. The 18 00:01:09,319 --> 00:01:11,360 Speaker 4: four kicks, that's what I'm smoking. This is the mule 19 00:01:11,440 --> 00:01:14,200 Speaker 4: kick from the good people of crowned Heads, not sponsors. 20 00:01:14,240 --> 00:01:16,920 Speaker 4: I just like the cigar. Smoke them if you got them. 21 00:01:17,319 --> 00:01:19,120 Speaker 4: We're going to follow what President Trump is doing here. 22 00:01:19,120 --> 00:01:22,479 Speaker 4: Of course, there'll be questions asked and answered, and there's 23 00:01:22,480 --> 00:01:24,160 Speaker 4: a question about whether or not this is the way 24 00:01:24,200 --> 00:01:27,720 Speaker 4: you lower drug costs. Meanwhile, we'll get to that. Let's 25 00:01:27,720 --> 00:01:28,800 Speaker 4: go back to the President. 26 00:01:28,480 --> 00:01:32,600 Speaker 2: Of the Oval and EMD Serrano have agreed to drastically 27 00:01:32,640 --> 00:01:36,399 Speaker 2: lower their prices for American patients. And today Eli Lilly 28 00:01:37,360 --> 00:01:42,840 Speaker 2: and Novo nordisk A journey the phenomenal lists of the 29 00:01:42,880 --> 00:01:46,600 Speaker 2: most exciting announcements. I mean, nobody's ever had announcements. And 30 00:01:46,680 --> 00:01:50,440 Speaker 2: this has to do with other pharmaceutical old products also, 31 00:01:51,360 --> 00:01:54,360 Speaker 2: but we're covering this today because it's such a big seller. 32 00:01:54,440 --> 00:01:57,520 Speaker 2: I guess it's the number one selling thing there is today. 33 00:01:58,120 --> 00:02:00,800 Speaker 2: These are two companies that behind the out breaking weight 34 00:02:00,880 --> 00:02:04,200 Speaker 2: loss drugs that have helped millions of Americans struggling with 35 00:02:04,280 --> 00:02:08,480 Speaker 2: obesity live better, longer lives, everything else. These are the 36 00:02:08,520 --> 00:02:12,200 Speaker 2: two companies that really broke around. Until now, neither of 37 00:02:12,240 --> 00:02:15,080 Speaker 2: these two popular drugs have been covered by Medicare for 38 00:02:15,200 --> 00:02:19,520 Speaker 2: weight loss, and they've only rarely been covered by Medicaid. 39 00:02:20,480 --> 00:02:24,720 Speaker 2: They've often cost consumers more than one thousand dollars. 40 00:02:24,360 --> 00:02:26,919 Speaker 3: Per month, and some a lot more than that. 41 00:02:27,560 --> 00:02:30,400 Speaker 2: Americans have been spending as much as five hundred and 42 00:02:30,440 --> 00:02:34,800 Speaker 2: twenty percent more for zep bound and fourteen hundred percent 43 00:02:34,880 --> 00:02:40,040 Speaker 2: more for WEGOV than patients in Europe. Thinking that fourteen 44 00:02:40,120 --> 00:02:42,400 Speaker 2: hundred percent more than a patient here for the exact 45 00:02:42,440 --> 00:02:48,080 Speaker 2: same box, and that ends starting today. The other countries 46 00:02:48,120 --> 00:02:50,480 Speaker 2: are not happy with us now. I don't think they 47 00:02:50,600 --> 00:02:53,840 Speaker 2: like me too much, Bobby, But that's okay. Eli, Lilly 48 00:02:53,880 --> 00:02:57,400 Speaker 2: and Novo Nordisk are committee go offer zet bound and 49 00:02:57,639 --> 00:03:00,240 Speaker 2: WEGOV at most Favored Nations. 50 00:03:00,160 --> 00:03:01,639 Speaker 3: Rates for American patients. 51 00:03:02,280 --> 00:03:05,920 Speaker 2: This will slash the course off we GOOVY from one thousand, 52 00:03:06,000 --> 00:03:09,960 Speaker 2: three hundred and fifty dollars a month to ultimately two 53 00:03:10,080 --> 00:03:11,560 Speaker 2: hundred and fifty dollars a month. 54 00:03:12,240 --> 00:03:13,919 Speaker 4: One they're not gonna be able to keep up with 55 00:03:13,919 --> 00:03:15,359 Speaker 4: the amount of people who now want with GOV. 56 00:03:17,639 --> 00:03:20,440 Speaker 3: Good job. They don't all right about it, you know. 57 00:03:20,480 --> 00:03:23,280 Speaker 5: They like to not write these things and reduce You 58 00:03:23,320 --> 00:03:25,239 Speaker 5: think anybody you think Biden could have done this, I 59 00:03:25,280 --> 00:03:28,639 Speaker 5: don't think so, and reduced a monthly course of zip 60 00:03:28,680 --> 00:03:32,239 Speaker 5: bound from one thousand and eighty dollars to three hundred 61 00:03:32,240 --> 00:03:33,360 Speaker 5: and forty six dollars. 62 00:03:34,360 --> 00:03:36,760 Speaker 4: In addition, issue mister President, we're not sure if you're 63 00:03:36,800 --> 00:03:39,640 Speaker 4: able to do this. Oh, there's got to be pushed 64 00:03:39,640 --> 00:03:42,920 Speaker 4: back galore, not because they're opposed to lower drug prices, 65 00:03:42,920 --> 00:03:44,600 Speaker 4: but because the question is does the president have the 66 00:03:44,680 --> 00:03:49,280 Speaker 4: unilateral authority to do this? Let's get back to him. 67 00:03:49,560 --> 00:03:51,760 Speaker 2: Think of that, you go from thirteen hundred to one 68 00:03:51,840 --> 00:03:54,440 Speaker 2: hundred and forty nine dollars a month. We anticipate these 69 00:03:54,480 --> 00:03:58,600 Speaker 2: new versions will be coming out in a very short 70 00:03:58,640 --> 00:04:01,720 Speaker 2: period of time. All of these drugs will be available 71 00:04:01,760 --> 00:04:07,440 Speaker 2: directly to the consumer at trumparx dot gov. Trump, they 72 00:04:07,440 --> 00:04:10,760 Speaker 2: want to use my name, Trump, you better be good 73 00:04:11,280 --> 00:04:12,640 Speaker 2: trumparx dot com. 74 00:04:12,720 --> 00:04:15,280 Speaker 3: And I think it's turning out to be pretty amazing, right. 75 00:04:16,960 --> 00:04:20,760 Speaker 2: Just as significantly, Medicare and Medicaid will finally cover the 76 00:04:20,800 --> 00:04:24,320 Speaker 2: costs of these weight loss drugs for millions of patients 77 00:04:24,320 --> 00:04:25,680 Speaker 2: suffering from obesity. 78 00:04:26,480 --> 00:04:31,279 Speaker 3: Copays for Medicare patients will be as low as fifty dollars. 79 00:04:32,320 --> 00:04:34,400 Speaker 3: This is tremendous savings. 80 00:04:34,400 --> 00:04:37,360 Speaker 2: I mean, now you're talking about from thirteen hundred and 81 00:04:37,400 --> 00:04:42,080 Speaker 2: fifty dollars to fifty dollars. This is tremendous news for 82 00:04:42,120 --> 00:04:45,920 Speaker 2: the American seniors. And you'll remember when I had one 83 00:04:45,960 --> 00:04:48,200 Speaker 2: eighth of one percent for the year I got one 84 00:04:48,200 --> 00:04:50,960 Speaker 2: eighth and I was so thrilled. But now we're cutting 85 00:04:50,960 --> 00:04:54,400 Speaker 2: at one thousand percent, twelve hundred percent. Nobody's ever say 86 00:04:54,400 --> 00:04:57,359 Speaker 2: anything like this. Nobody else could have done it. But 87 00:04:57,440 --> 00:05:01,679 Speaker 2: I say that modestly. You think it was easy dealing 88 00:05:01,720 --> 00:05:05,080 Speaker 2: with these people, It Wasn't you think it was easy 89 00:05:05,120 --> 00:05:08,880 Speaker 2: saying you drug mister Elil Lily that was selling for 90 00:05:08,960 --> 00:05:11,240 Speaker 2: thirteen hundred is going to be sold. 91 00:05:10,960 --> 00:05:14,440 Speaker 3: For two fifty. You know the amazing thing that stocks 92 00:05:14,760 --> 00:05:15,080 Speaker 3: ing up. 93 00:05:15,120 --> 00:05:19,800 Speaker 2: I mean, these guys are there dancing because it's going 94 00:05:19,839 --> 00:05:23,400 Speaker 2: to equalize the world. The world's a bigger place and 95 00:05:23,480 --> 00:05:26,479 Speaker 2: it's going to equalize. I was a little surprised to 96 00:05:26,520 --> 00:05:28,960 Speaker 2: see that, but I'm happy about it. In addition, Eli 97 00:05:29,000 --> 00:05:32,680 Speaker 2: Lilly and Novo Nordisk have agreed to provide all of 98 00:05:32,720 --> 00:05:37,320 Speaker 2: their other medications to Medicaid at most Favored Nations prices 99 00:05:37,440 --> 00:05:41,000 Speaker 2: most favored nations, meaning that you will pay the lowest 100 00:05:41,000 --> 00:05:43,440 Speaker 2: price anywhere in the world. That's what you're gonna pay, 101 00:05:43,880 --> 00:05:47,279 Speaker 2: whereas before they paid low prices and we paid, you know, 102 00:05:48,279 --> 00:05:50,080 Speaker 2: thousands of percentile ahead. 103 00:05:50,440 --> 00:05:52,880 Speaker 4: And by the way, the Eli Lillly sock price. 104 00:05:54,320 --> 00:05:58,200 Speaker 2: Consumers at deeply discounted prices via Trump rif. 105 00:05:58,360 --> 00:06:01,039 Speaker 4: Yeah, the Eli Lilly sock price is up right now, 106 00:06:02,360 --> 00:06:03,960 Speaker 4: basically nine. 107 00:06:03,880 --> 00:06:05,720 Speaker 3: Ninety four of giving people prices. 108 00:06:05,560 --> 00:06:07,560 Speaker 4: It's a nine hundred and forty dollars a share. I 109 00:06:07,600 --> 00:06:10,600 Speaker 4: do not and own individually Eli Lilly stock. I am 110 00:06:10,600 --> 00:06:13,080 Speaker 4: not aware if I own in any level of a fund. 111 00:06:13,160 --> 00:06:15,520 Speaker 4: I'm not here to endorse it. I'm giving a full disclosure, 112 00:06:15,880 --> 00:06:18,640 Speaker 4: just sharing what the President was discussed back to him 113 00:06:19,000 --> 00:06:22,320 Speaker 4: in the oval, talking about lower prices of drugs, specifically 114 00:06:22,320 --> 00:06:24,800 Speaker 4: weight loss drugs. 115 00:06:23,800 --> 00:06:27,120 Speaker 6: The beautiful Obama building that he's building in Chicago. 116 00:06:26,760 --> 00:06:30,359 Speaker 2: For the museum, which is now shut it up indead. 117 00:06:31,400 --> 00:06:34,719 Speaker 3: They get it up and they couldn't finish. 118 00:06:34,800 --> 00:06:38,720 Speaker 2: It's about, would you say, five years behind schedule, at 119 00:06:38,720 --> 00:06:40,640 Speaker 2: about two thousand percent of a budget. 120 00:06:40,720 --> 00:06:42,320 Speaker 3: Then he tells us how to run Medicaid. 121 00:06:43,720 --> 00:06:46,400 Speaker 2: Many of the most widely used drugs will be available 122 00:06:46,480 --> 00:06:50,320 Speaker 2: for sixty percent off or even more than that. 123 00:06:50,480 --> 00:06:55,200 Speaker 3: Addition, all new medications introduced. 124 00:06:54,680 --> 00:06:58,960 Speaker 6: By Eli Lilly and Novo Nordisk to the American market 125 00:06:59,040 --> 00:07:03,359 Speaker 6: will be sold at the heavily reduced most Favored Nations price, 126 00:07:03,440 --> 00:07:05,159 Speaker 6: Most Favored Nations price, that's. 127 00:07:05,000 --> 00:07:08,160 Speaker 3: The best ocket will be sold at the heavily reduced 128 00:07:08,200 --> 00:07:11,760 Speaker 3: Sometimes my feed like that, that's not you. 129 00:07:11,760 --> 00:07:12,920 Speaker 4: You're not having a stroke. 130 00:07:13,240 --> 00:07:18,080 Speaker 2: Because they have been thousands of percent and lower than 131 00:07:18,120 --> 00:07:21,480 Speaker 2: what we were selling in many cases. Furthermore, Eli Lilly 132 00:07:21,560 --> 00:07:26,440 Speaker 2: is investing twenty seven billion dollars, that's all, and Novo 133 00:07:26,560 --> 00:07:30,600 Speaker 2: Nordisk will invest ten billion dollars that's all. That's peanuts 134 00:07:31,560 --> 00:07:35,840 Speaker 2: in the United States to reshore and do a big 135 00:07:36,040 --> 00:07:40,600 Speaker 2: domestic manufacturing job in the facilities they're going to spend. 136 00:07:40,640 --> 00:07:42,320 Speaker 3: So Eli Litli spent twenty. 137 00:07:42,080 --> 00:07:46,920 Speaker 2: Seven billion, Novo is spending ten million in the United States. 138 00:07:46,920 --> 00:07:49,280 Speaker 3: So they're building new plant and equipment. 139 00:07:49,680 --> 00:07:52,200 Speaker 4: Understand that they're also building plants in other places. There's 140 00:07:52,200 --> 00:07:55,200 Speaker 4: a story about Eli Lilly engaging a plant in the Netherlands. 141 00:07:55,240 --> 00:07:57,800 Speaker 4: I believe it is part of a strategy they introduced 142 00:07:57,880 --> 00:08:00,400 Speaker 4: in twenty twenty. And you're, like Tony to know a 143 00:08:00,440 --> 00:08:03,520 Speaker 4: lot about Eli Lily. They're based here where I live, 144 00:08:03,560 --> 00:08:07,560 Speaker 4: in Indianapolis, and so Lily is always constantly news and 145 00:08:07,800 --> 00:08:12,560 Speaker 4: following them is kind of what you do. If we 146 00:08:12,600 --> 00:08:17,760 Speaker 4: are to take this conversation and extrapolate it out, President 147 00:08:17,800 --> 00:08:21,640 Speaker 4: Trump finally is getting the message, a message we have 148 00:08:21,760 --> 00:08:26,720 Speaker 4: been delivering from the beginning that you can't tell people 149 00:08:26,760 --> 00:08:30,080 Speaker 4: everything is great when it's not. You have to explain 150 00:08:30,120 --> 00:08:32,520 Speaker 4: to them what's happening in the economy, honestly, the moves 151 00:08:32,559 --> 00:08:34,240 Speaker 4: that you're making, why you're making them, and how it 152 00:08:34,240 --> 00:08:35,840 Speaker 4: will help them in the long run. You have to 153 00:08:35,840 --> 00:08:37,880 Speaker 4: get them on your side in a fight. They want 154 00:08:37,920 --> 00:08:40,360 Speaker 4: to be a part of something. So if the argument 155 00:08:40,440 --> 00:08:44,160 Speaker 4: is the Democrats won the other day because of affordability, 156 00:08:44,559 --> 00:08:47,000 Speaker 4: Trump's making an argument of, well, tell people how we're 157 00:08:47,040 --> 00:08:49,679 Speaker 4: making it more affordable. The drug price is going to 158 00:08:49,720 --> 00:08:51,360 Speaker 4: be one of the things you hear about in the midterms. 159 00:08:51,600 --> 00:08:54,200 Speaker 4: Look at what we've done with drug prices. Look at 160 00:08:54,200 --> 00:08:56,040 Speaker 4: how much more affordable this is. Look at how much 161 00:08:56,080 --> 00:08:59,920 Speaker 4: more affordable that is. They're going to say we need 162 00:09:00,120 --> 00:09:03,440 Speaker 4: universal healthcare. Bernie Sanders and Elizabeth Warren and Republicans are 163 00:09:03,480 --> 00:09:05,079 Speaker 4: going to say, we've lowered the costs. 164 00:09:05,400 --> 00:09:06,000 Speaker 3: You're welcome. 165 00:09:07,800 --> 00:09:11,640 Speaker 4: So this is part of a larger conversation and really 166 00:09:11,679 --> 00:09:14,160 Speaker 4: a story about bad messaging and not getting the story 167 00:09:14,160 --> 00:09:16,079 Speaker 4: out as we have suggested they do. 168 00:09:16,320 --> 00:09:20,520 Speaker 2: Here's politicians have talked about making healthcare affordable, but. 169 00:09:20,440 --> 00:09:22,319 Speaker 3: My administration is actually doing it. 170 00:09:22,320 --> 00:09:26,040 Speaker 2: In Americas deserve the best healthcare in the world, and 171 00:09:26,120 --> 00:09:28,720 Speaker 2: we're now getting the best healthcare at the lowest price. 172 00:09:29,559 --> 00:09:33,079 Speaker 2: So I'd like to ask someone who's doing a fantastic job, 173 00:09:33,160 --> 00:09:36,800 Speaker 2: Secretary Kennedy, to say it for your works, followed by 174 00:09:37,040 --> 00:09:39,080 Speaker 2: doctor Roz, doctor Klopp. 175 00:09:39,040 --> 00:09:42,079 Speaker 4: And by the way, if Republicans are smart, you'll have 176 00:09:42,160 --> 00:09:46,120 Speaker 4: more MAHA conversations, make America healthy, young conversations because that 177 00:09:46,240 --> 00:09:49,440 Speaker 4: success there can't be denied. And if you want to 178 00:09:49,520 --> 00:09:52,760 Speaker 4: turn some female voters, this might very well be away. 179 00:09:53,320 --> 00:09:56,240 Speaker 4: So Secretary Kennedy is going to speak first. 180 00:09:55,960 --> 00:09:58,040 Speaker 3: And I can tell you that David Rich is one 181 00:09:58,040 --> 00:09:59,040 Speaker 3: of the hottest. 182 00:09:58,640 --> 00:10:01,760 Speaker 4: People and are the CEO of Lily, Well, yeah, there 183 00:10:01,880 --> 00:10:04,359 Speaker 4: is wait, that is him, isn't it is Pharmaceutical. 184 00:10:04,600 --> 00:10:07,319 Speaker 3: I believe that's what you've done with Eli Lily is incredible. 185 00:10:07,360 --> 00:10:10,280 Speaker 2: Both of these gentlemen there, they really are stars in 186 00:10:10,320 --> 00:10:11,000 Speaker 2: the truest sense. 187 00:10:11,040 --> 00:10:14,880 Speaker 4: And I believe that's next to Secutar Kennedy to Bobby 188 00:10:15,480 --> 00:10:16,679 Speaker 4: Sector Kennedy to speak. 189 00:10:16,800 --> 00:10:20,319 Speaker 7: Now, thank you, mister President. I want to start by 190 00:10:20,360 --> 00:10:25,120 Speaker 7: thanking you, mister President, for declaring or on chronic disease 191 00:10:25,160 --> 00:10:28,079 Speaker 7: in this country. This is something no American president has 192 00:10:28,120 --> 00:10:32,240 Speaker 7: ever done. If we want to solve the chronic disease crisis, 193 00:10:32,280 --> 00:10:38,920 Speaker 7: we have to tackle obesity. Obesity is the number one 194 00:10:39,040 --> 00:10:45,920 Speaker 7: driver of chronic disease. Fifty of our adult population are 195 00:10:45,960 --> 00:10:53,760 Speaker 7: obese or overweight. Drive of healthcare costs in this country, diabetes, 196 00:10:53,960 --> 00:10:57,480 Speaker 7: cardiac diseases. We are going to see a decline because 197 00:10:57,520 --> 00:11:01,120 Speaker 7: of this historic agreement. We're going to see you decline 198 00:11:01,120 --> 00:11:06,480 Speaker 7: and costs, but also more importantly, in the afflictions themselves. 199 00:11:07,080 --> 00:11:13,240 Speaker 7: There are uh this is a President Trumpet is the 200 00:11:13,640 --> 00:11:21,000 Speaker 7: friend of the forgotten American. Obesity is a disease of poverty, overwhelmingly, 201 00:11:21,400 --> 00:11:27,040 Speaker 7: and this drug, these drugs have only been available for 202 00:11:27,320 --> 00:11:28,240 Speaker 7: people who have. 203 00:11:28,280 --> 00:11:33,600 Speaker 4: Wealths Now, what's really happening here? The White House just 204 00:11:33,960 --> 00:11:39,040 Speaker 4: endorsed weight loss drugs, or, as the people say, the 205 00:11:39,120 --> 00:11:44,960 Speaker 4: fat shot. Right now, Halls going into doctor's offices saying 206 00:11:45,000 --> 00:11:48,840 Speaker 4: I'd like to get this are through the roof. The 207 00:11:48,920 --> 00:11:53,560 Speaker 4: game just changed. It was already winning culturally, but the 208 00:11:53,559 --> 00:11:57,559 Speaker 4: White House just said, you take your kids. Who you 209 00:11:57,640 --> 00:12:01,040 Speaker 4: excuse me, I have to go place my order by 210 00:12:01,040 --> 00:12:03,440 Speaker 4: the way to the chat room. Obesity is absolutely a 211 00:12:03,440 --> 00:12:05,920 Speaker 4: problem of the poor. But obesity is a problem overall. 212 00:12:06,520 --> 00:12:08,880 Speaker 4: And it's a problem when you don't get access to 213 00:12:08,920 --> 00:12:12,160 Speaker 4: more nutritious food, nor to the ability to engage Jim 214 00:12:12,240 --> 00:12:16,160 Speaker 4: or other things. So, yes, it is a legitimate argument. No, 215 00:12:16,600 --> 00:12:21,320 Speaker 4: it is not singularly amongst people who are poor. That 216 00:12:21,480 --> 00:12:24,199 Speaker 4: much is true. We're gonna hear more of the President, 217 00:12:24,320 --> 00:12:26,959 Speaker 4: more from the secretary. Keep it here. I'm Tony Katz. 218 00:12:27,160 --> 00:12:28,400 Speaker 4: This is Tony Katz today.