The United States has launched an investigation into Germany's pharmaceutical pricing policies to determine whether they unfairly disadvantage American companies and restrict U.S. commerce.
U.S. Trade Representative Jamieson Greer said the probe would examine whether Germany's so-called “persistent underpayment” for innovative medicines is unreasonable or discriminatory.
The investigation, launched under Section 301 of the Trade Act of 1974, follows months of discussions between Washington and Berlin, according to Greer.
Greer said President Donald Trump believes American patients should not shoulder a disproportionate share of global pharmaceutical research and development costs.
He also criticized reports that Germany is considering measures that could further reduce spending on innovative medicines, calling it a "serious step backwards."
Germany is pursuing healthcare reforms aimed at lowering insurance costs and saving more than €16 billion in healthcare spending.
The move comes amid longstanding criticism of high prescription drug prices in the United States. A 2024 RAND Corporation study found U.S. prescription drug prices were nearly three times higher than those in 33 other countries.
Supporters of Germany’s pricing system argue the policies are designed to keep medicines affordable and control healthcare spending, while Washington says trading partners should contribute more to funding pharmaceutical innovation.
Iran's Supreme Leader, Mojtaba Khamenei, has promised to avenge the killing of his father, while U.S. President Donald Trump said Tehran and Washingto...
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Sayyid Badr Albusaidi have discussed arrangements to ensure the safe passage of shi...
The U.S. Department of Justice has ordered several New York Times journalists to testify before a federal grand jury. ...
Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Sayyid Badr Albusaidi have discussed arrangements to ensure the safe passage of ships through the Strait of Hormuz.
The U.S. Department of Justice has ordered several New York Times journalists to testify before a federal grand jury.
At least 44 people have died and more than one million have been stranded due to widespread flooding and landslides across southeastern Bangladesh, authorities said on Saturday (11 July).
More than 100 countries now spend more on servicing debt than on education, UNESCO has warned, as it called on governments and international lenders to expand the use of debt-for-education swaps.
At least 12 people have been killed in forest fires in Almeria in southern Spain, Andalucía’s emergency agency has said, as firefighters continue efforts to put out the blaze.
U.S. President Donald Trump said Washington has agreed to resume talks with Iran after Tehran requested further negotiations, but declared that last month's ceasefire between the two countries was "over".
Dozens of flights have been cancelled across East Asia as Super Typhoon Bavi approaches China. The typhoon, which has maximum sustained winds of 162 kph (100mph), is nearing a remote chain of Japanese islands, east of Taiwan on Friday.
What began as a fan-created chant just months ago has become one of the defining images of this year's FIFA World Cup, with Norway's "Viking Row" sweeping through stadiums, city streets and social media.
British police have arrested a 26-year-old man on suspicion of the murder of Ann Widdecombe, a former government minister whose death was announced on Friday.
A cholera outbreak in Sudan is at risk of spiralling further as fighting, mass displacement and the start of the rainy season make it harder to contain the disease, the World Health Organization (WHO) has warned.
Australia on Friday confirmed the first case of the deadly H5N1 bird flu virus in a native seabird, marking a new phase in the disease's spread after it landed on the country's shores last month.
The number of confirmed Ebola cases in the Democratic Republic of Congo has climbed to 1,759, including 600 deaths, according to government data released on Wednesday.
The World Health Organization has warned that Europe could face "more deadly weeks" as another intense heatwave develops over the Atlantic, urging governments to strengthen emergency preparations before temperatures rise again.
More than 1,300 excess deaths have been recorded across Europe since June 21 as the continent faces extreme heat, World Health Organization Director-General Tedros Adhanom Ghebreyesus said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment