World Bulletin / News Desk
President-elect Donald Trump on Wednesday attacked the pharmaceutical industry for high drug prices and for manufacturing overseas, saying he will create new procedures for bidding on drugs.
The industry is "getting away with murder," Trump said in his first press conference since he was elected, sending pharma stocks plunging.
"Pharma. Pharma has a lot of lobbies, a lot of lobbyists, a lot of power," he said, making the industry the latest target of his frequent attacks on business since the November election which have included the auto and aerospace industries.
"Our drug industry has been disastrous. They're leaving left and right. They supply our drugs but they don't make them here, to a large extent," Trump said.
To address high prices, "the other thing we have to do is create new bidding procedures for the drug industry," he said.
The United States is "the largest buyer of drugs in the world" but does not bid properly, he said. With the changes to bidding procedures, which he did not specify, "We're going to save billions of dollars."
Trump claimed credit for recent announcements by auto makers Ford and Fiat-Chrysler of plans to boost investments in the United States, and in the case for Ford, canceling a $1.6 billion plant in Mexico.
Those decisions came after Trump's repeated attacks via Twitter, threatening to impose stiff import tariffs on any vehicles the companies produce in Mexico for export to the US market.
"I appreciate that from Ford. I appreciate it very much from Fiat-Chrysler," he said. "I hope that General Motors will be following. And I think they will be. I think a lot of people will be following."
Companies repeatedly have seen their share prices drop in the face of Trump's Twitter attacks and been forced to respond.
Pharmaceutical companies were hit Wednesday: Mylan fell 2.5 percent, Pfizer dropped 2.0 percent, and Bristol-Myers declined 3.9 percent.
But Trump said he is working with business leaders to attract investment and create jobs.
"We're going to create jobs. I said that I will be the greatest jobs producer that God ever created. And I mean that."
Judges in the capital Addis Ababa imposed a jail sentence of six years and six months on Yonatan Tesfaye, the former spokesman for the opposition Blue Party who was found guilty earlier this month of encouraging terrorism.
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Trump, whose own election last year shocked the pollsters, said Macron "ran an incredible campaign and had a tremendous victory. All over the world they’re talking about it."
He and Merkel had sent a joint message of condolence to the families of those killed in the Monday attack during a concert by US pop star Ariana Grande, he added.
Speaking ahead of her departure for a NATO summit in Brussels, May said she would "make clear to President (Donald) Trump that intelligence which is shared between our law enforcement agencies must remain secure".
One woman arrested by armed police on Wednesday was released a few hours later without charge, leaving 10 men still in custody Thursday, including suspected killer Salman Abedi's father and brother in Libya.
Police said they were serving warrants linked to unrelated criminal investigations when they came under gunfire at the Santa Lucia farming estate, some 860 kilometers (530 miles) from Belem, capital of Para state.
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Trump faced protests on his arrival in Brussels, but he is getting a red-carpet welcome from Western allies eager to persuade him that his earlier criticisms of them were misplaced.
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The huge social network said that the new design will offer a "carousel" with a variety of websites.
"Trump not welcome" said banners waved by the crowd, which police said numbered around 9,000. Organisers put the size of the demonstration at 12,000.
Prime Minister Bohuslav Sobotka had demanded the sacking of Andrej Babis, the billionaire founder of the sprawling Agrofert conglomerate, accusing him of tax evasion and multiple conflicts of interest.
Attorney general Luisa Ortega said in a public speech that 55 people have been killed so far in the unrest: 52 civilians and three police.
Corruption was widespread under longtime president Zine El Abidine Ben Ali, who was ousted in a 2011 uprising, and has remained endemic since.