And so, another working week will soon draw to a close. Not a moment too soon, yes? This is, you may recall, our treasured signal to daydream about weekend plans. Our agenda is rather modest this time around. We plan to indulge a couple of the short people, visit the Pharmalot ancestors, and promenade with our official mascot. And what about you? Summer is now officially here, so the time has come to enjoy the great outdoors and plan a getaway, if you can get away. You could also hit the proverbial pause button and catch up with someone special or plan the rest of your life. For the mischievous among you, perhaps you want to place bets on whether a certain someone will change his mind again and escalate tensions in a well-known hot spot. Well, whatever you do, have a grand time. But be safe. Enjoy, and see you soon. ..
Merck (MRK) chief executive Ken Frazier predicted there will be “legal challenges” if the Trump administration proceeds with plans to institute an International Pricing Index, which would cap what Medicare pays for certain medicines based on prices charged in other countries. “A lot of people have objections to that rule. It’s not just pharmaceutical companies,” he told journalists following a briefing for investors. He also referred to the idea as “price controls.” Earlier this week, Sen. Chuck Grassley indicated he would not support the idea.