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Scottish Sun
2 hours ago
- Scottish Sun
Donald Trump vows to unleash ‘every tool in our arsenal' in price row with British drug firms
Around £16 billion was wiped off shares in the sector across Europe after the President's comments TRUMP THREAT Donald Trump vows to unleash 'every tool in our arsenal' in price row with British drug firms Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) DONALD Trump insists he will unleash 'every tool in our arsenal' if British drug companies don't cut their prices within 60 days. The US President waged war with a total of seventeen firms demanding 'binding commitments' to match the lower prices offered to developing countries. Sign up for Scottish Sun newsletter Sign up The move comes as the White House hit dozens of countries with a fresh slew of tariffs including punishing levies on neighbour Canada. Two UK drug firms, AstraZeneca and GSK, caught up in the pharma row saw their share price drop as Trump aims to lower prices for American citizens. The move could even have damaging consequences for the NHS whose leverage with suppliers due to its size could be reduced. Mr Trump has demanded the firms apply their 'most favoured nation' rates to Medicaid which is the health system for low-income Americans. READ MORE ON DONALD TRUMP GOT TRUMPED Moment Trump 'throws shade' at Meghan and Harry during Starmer press conference He said: 'Make no mistake: a collaborative effort towards achieving global pricing parity would be the most effective path for companies, the government, and American patients. In a letter to the firms, he said: 'But if you refuse to step up we will deploy every tool in our arsenal to protect American families from continued abusive drug pricing practices. 'Americans are demanding lower drug prices, and they need them today.' Around £16 billion was wiped off shares in the sector across Europe as fears grow higher prices in the rest of the world will fund the US reductions. The move comes after Trump said back in May that he wanted drug prices in the US to be reduced by 80 per cent. Moment Trump 'throws shade' at Meghan and Harry during Starmer press conference But experts appeared wary that he has the authority to reduce prices and a previous effort in his first term failed in court. At the time, he said the tactics were 'subsidising socialism' abroad in paying for the same pills from the same factories, which led to spiralling prices at home. The warning came as Mr Trump signed an executive order applying a wave of tariffs to 68 countries and the European Union. Canada was hit with levies – up to 35 per cent from 25 per cent - due to its lack of co-operation in stopping flow of illegal drugs and fentanyl into America. Their PM Mark Carney said that his country was 'making historic investments in border security to arrest drag traffickers and end migrant smuggling'. Switzerland will also keep negotiating with the US after their tariff rate hit 39 per cent, which was far higher than they anticipated.
Daily Mirror
3 hours ago
- Daily Mirror
Donald Trump loyalist claims Mexican drug cartels will be 'wiped off the Earth'
Trump loyalist Tom Homan made the comments while talking to reporters and as Americans get more uneasy about the heavy handed tactics of Immigration and Customs Enforcement (ICE) officers Donald Trump's border czar has vowed to wipe the Mexican drug cartels "off the face of the Earth," in a bombastic tirade to reporters. Tom Homan was appointed by Trump in January to oversee a key part of the US Presidents deportation agenda. He said: "Look, under Biden, the cartels made more money than they ever made smuggling aliens, sex trafficking women and children, smuggling dope across the border. Now we have a secure border. Cartels are going bankrupt. And President Trump, through all his efforts and his leadership, we're going to wipe the cartels off the face of the earth, which makes not only this country safer, Mexico safe." His comments came on Wednesday, the day after he went on Fox to defend ICE actions. He reacted to a poll that suggested half of Americans thought immigration enforcement was too aggressive. "If there's any change in the polls on ICE enforcement, it's because they're being fed a false narrative by 95% of the media," Homan told "Fox & Friends" on Tuesday. "70% of the people we're arresting are criminals. Who are the other 30%? [They're] national security threats. We've arrested over 300 Iranian nationals. These are people who are a national security threat based on intelligence, based on other information. These are people we have to take off the street, that we have to deport." This comes as US Immigration and Customs Enforcement (ICE) struggles to recruit new agents. Homan served as acting director of the controversial agency from January 30, 2017, to June 29, 2018. They have launched a new campaign to try and lure 'brave and heroic Americans' to serve as new deportation officers. They are promising as much as $50,000 signing bonus thanks to a new massive injection of cash from Congress. The campaign recalls recruiting posters from World War II with images of Uncle Sam and the words 'AMERICA NEEDS YOU.' There also are photos of Trump and top homeland security officials with the words 'DEFEND THE HOMELAND' across the images. 'Your country is calling you to serve at ICE,' said Homeland Security Secretary Kristi Noem in a news release. 'This is a defining moment in our nation's history. Your skills, your experience, and your courage have never been more essential. Together, we must defend the homeland.' In addition to appealing to prospective applicants' patriotic fervor, Homeland Security is making a pocketbook pitch. The agency is promising up to $50,000 in signing bonuses, the potential for lots of overtime for deportation officers and other benefits such as loan repayment or forgiveness options. The agency said it will advertise at college campuses, job fairs and law enforcement networks, starting this week. But the recruiting drive has raised concerns about what happens if the agency grows too fast.
ITV News
4 hours ago
- ITV News
Tesla ordered to pay $300 million to victims of Autopilot crash case
A court has ordered Elon Musk's car company to pay $329 million (£242 million) to victims of a deadly crash involving its Autopilot driver assist technology. The ruling in Miami on Friday opens the door to other costly lawsuits and potentially striking a blow to Tesla's reputation for safety. In 2019, a driver on a rural road in Florida was looking for a dropped mobile phone when he hit a young couple out gazing at the stars. On Friday, the jury held that Tesla bore significant responsibility because its Autopilot technology failed and that not all the blame can be put on the driver. The decision on the four-year case comes as Musk seeks to convince Americans his cars are safe enough to drive on their own, as he plans to roll out a driverless taxi service in several cities in the coming months. Tesla's Autopilot technology has been significantly developed since the incident. The majority of similar cases against Tesla have been dismissed or settled by the company to avoid the spotlight of a trial. 'This will open the floodgates,' said Miguel Custodio, a car crash lawyer not involved in the Tesla case. 'It will embolden a lot of people to come to court.' The case also included charges by lawyers for the family of the victim, Naibel Benavides Leon, and for her injured boyfriend, Dillon Angulo. They claimed Tesla either hid or lost key evidence, including data and video recorded seconds before the accident. Tesla has previously faced criticism that it is slow to release crucial data by relatives of other victims in Tesla crashes, accusations that the car company has denied. In this case, lawyers showed Tesla had the evidence all along, despite its repeated denials, by hiring a forensic data expert who dug it up. Tesla said it made a mistake after being shown the evidence and said it believed the data was not there.
