CANBERRA, ACT, May 13 -- The Treasurer of Australia issued the following transcript:
Note
Subjects: Trump medication cost policy
NatalieBarr:
Well, DonaldTrump's latest move is set to hit Aussies hard again, with the US President signing an executive order to cut the cost of medications by 30-80percent. That prompted pharmaceutical companies to crash on the ASX, which experts say will now look to balance out their lost profits in the US by rising prices in other developed countries like Australia.
For more, we're joined by Treasurer JimChalmers. Good morning to you. Tell us, how will you ensure the price of medicines don't skyrocket here in response to the cuts in the US?
JimChalmers:
Good morning, Nat. Obviously, we've seen the anno...