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2018年7月13日 星期五

Overnight Health Care: Watchdog finds Tom Price improperly used funds on flights | Ex-Novartis CEO sent drug pricing proposal to Cohen | HHS staffers depart after controversial social media posts

 
 
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Remember the Tom Price private jet scandal? It seems so long ago. But the Department of Health and Human Services inspector general's office is now out with its findings...Let's dive in.

 

Watchgod finds Tom Price improperly used federal funds on private flights

The report took Price's travel to task. Here are some of the big findings:

  • Price's travel resulted in $341,000 in wasted taxpayer dollars
  • 20 of 21 flights examined did not comply with federal regulations
  • HHS did not compare the cost of flying on commercial airlines before booking private jets

Price's response points to staff: A spokesman for Price, Nicholas Peters, said "the report addresses overall functions of Department staff charged with administering travel."

"There is no indication in the IG report that the paperwork and regulatory issues of Department staff were anything other than good faith mistakes," he added.

The current HHS chief wants you to know things have changed: Current HHS Secretary Alex Azar has flown commercial for all of his official travel, except for three instances which were at the request of the White House, HHS said. He has paid personally for travel to his home in Indiana, HHS added.

Read more here.

 

Ex-Novartis CEO sent drug pricing proposal to Cohen

Democrats are accusing a major pharmaceutical company of trying to influence the Trump administration's plan to lower drug prices.

Emails obtained by Democrats and publicly released Friday show that Novartis sent Michael Cohen, a former lawyer for President Trump, a list of proposals to lower drug prices.

Several of those proposals later appeared in the administration's "blue print" to lower drug prices.

In an email dated June 5, 2017, ex-Novartis CEO Joe Jimenez sent Cohen an email with a document attached called "drug pricing initiatives."

"Based on our conversation last week, I am forwarding you some ideas to lower drug costs in the US," Jimenez wrote.

Cohen responded a few hours later: "Received and I will forward to you their suggestions."

Read more here.

 

HHS staffers depart after controversial social media posts

The saga over controversial HHS social media posts just won't end.

Two Department of Health and Human Services (HHS) officials are departing the agency after being forced out following incendiary social media posts, Politico reported Friday.

The officials are Tim Clark, the HHS's White House liaison, and Gavin Smith, a policy adviser, according to the outlet.

Clark is resigning while Smith was fired and escorted from the building this week.

Examples:

  • Smith called Sen. Bob Corker (R-Tenn.) "crazy" and Sen. Lindsey Graham (R-S.C.) "clueless."
  • "Getting your ass kicked once just wasn't enough for you, was it @JohnKasich?" Smith tweeted at the Ohio governor, in response to the possibility that Kasich could run for president again. "Lookin' forward to Round Two."
  • Clark, meanwhile, sent tweets with the #SpiritCooking hashtag, a reference to the theory that Hillary Clinton campaign chairman John Podesta was engaging in Satanic practices, Politico reported.

Not the first time this has been a problem. In May, the agency reassigned Ximena Barreto, a deputy communications director who had worked on Trump's campaign, after it was found that she had helped promote the "PizzaGate" conspiracy theory that a pedophilia ring was being run out of a Washington, D.C., pizzeria.

Read more here.

 

What's happening next week:

Monday: Watch for a flood of comments on President Trump's drug pricing plan, as Monday is the deadline for submissions.

11:30 a.m. Pew Charitable Trusts will hold an event with Sen. Susan Collins (R-Maine) on drug pricing.

Tuesday at 10 a.m. in the Longworth House Office Building, the Ways and Means Committee will hold a hearing on fraud in Medicare.

2 p.m. The same committee will hold another hearing on modernizing the Stark Law to "ensure successful transition from volume to value" in Medicare.

10 a.m. in the Dirksen Senate Office Building, room 430, the Senate health committee will hold a hearing on health care spending.

Thursday at 10 a.m. in the Rayburn House Office Building, room 2123, the House Energy and Commerce Subcommittee on Health will hold a hearing on the 21st Century Cures Act's implementation of mental health initiatives.

 

Johnson & Johnson ordered to pay $4.7B in ovarian cancer suit

Johnson & Johnson has been ordered to pay $4.7 billion to 22 women who claimed the company's baby powder caused ovarian cancer.

It's the largest ever verdict again Johnson & Johnson.

The women claimed their ovarian cancer was caused by exposure to asbestos allegedly found in the baby powder.

The verdict was reached by a St. Louis jury Thursday evening after eight hours of deliberations.

The plaintiff's lawyers said asbestos fibers were found in the ovarian tissues of many of the women and introduced evidence that explained how asbestos is intermingled with the mineral talc -- the primary ingredient in Johnson's "Baby Powder" and "Shower to Shower" products.

The microscopic asbestos fibers enter the body when talcum powder is inhaled or applied to the genital area, medical experts said during the trial.

Read more here.

 

What we're reading

"Medicare-for-all" means something. Don't let moderates water it down. (Vox.com)

Supreme Court could return abortion debate to the states (Associated Press)

As in Maine, Republican candidates across the country struggle with Medicaid (The Washington Post)

 

State by state

ObamaCare: Lower ACA premiums, more options likely for Tennesseans in 2019 (Knoxville News Sentinel)

Oklahoma Medicaid approved for drug pricing experiment (Associated Press)

 
 
 
 
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On The Money — Sponsored by Prudential — Trump walks back criticism of UK Brexit strategy | McConnell worries US in 'early stages' of trade war | US trade deficit with China hits new record

 
 
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Happy Friday and welcome back to On The Money, where we're gently floating into the weekend. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.

See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if you like your newsletter, you can subscribe to it here: http://bit.ly/1NxxW2N.

Write us with tips, suggestions and news: slane@thehill.com, vneedham@thehill.com, njagoda@thehill.com and nelis@thehill.com. Follow us on Twitter: @SylvanLane, @VickofTheHill, @NJagoda and @NivElis.

 

THE BIG DEAL--Trump backtracks on May criticism after bombshell interview: President Trump on Friday said he has no problem with however the United Kingdom decides to leave the European Union, backing away from his explosive criticism of Prime Minister Theresa May

"Whatever you're going to do is OK with us," Trump told May during a joint press conference at the conclusion of his visit to the U.K. 

Trump said his only priority is getting a Brexit agreement that will allow the U.S. and the U.K. to hammer out a bilateral trade agreement after Britain leaves the EU next year.

"Just make sure we can trade together. That's all that matters," the president said.

Trump spent much of the press conference heaping praise on May, seemingly in an effort to paper over tensions between the two leaders. The Hill's Jordain Fabian has more from the wild press conference here.

 
 

 
 

LEADING THE DAY

McConnell: We may 'be in the early stages' of a trade war: Senate Majority Leader Mitch McConnell (R-Ky.) said on Friday that the country might be in the beginning of a trade war and urged President Trump to reverse course on his recent tariffs.

"As you all know, I've said before, I'm concerned about getting into a trade war and it seems like ... we may actually be in the early stages of it. Nobody wins a trade war, and so it would be good if it ended soon," McConnell said during a press conference in Kentucky on Friday. 

Asked about the impacts on his own state, McConnell noted that reciprocal tariffs from U.S. trade partners are targeting both bourbon and the production of Toyota vehicles. 

"Yeah, as I've said repeatedly in the last few weeks as this has unfolded, this would not be good for the commonwealth," the Senate GOP leader told reporters. The Hill's Jordain Carney has more here.

 

Despite Trump efforts, US trade deficit with China hits record: Reuters: The U.S. trade deficit with China hit a record high in June, according to a Reuters analysis, despite President Trump's efforts to alter the trade relationship between the world's two largest economies.

Chinese data released Friday showed that the U.S. trade deficit with China hit $28.97 billion in June, an increase of $4.39 billion from May, according to Reuters.

In the first half of the year, Chinese exports to the U.S. increased 13.6 percent as compared to the same period in 2017, while imports from the U.S. only rose 11.8 percent.

The data comes as President Trump has ratcheted up a trade war with China and other close American trade partners, including Canada, Mexico and the EU. The Hill's Niv Elis breaks it down here.

 

ON TAP NEXT WEEK

Monday:

  • Brookings Institution hosts the 7th annual Municipal Finance Conference, 1:15 p.m.

 

Tuesday:

  • Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on the Fed's semiannual monetary policy report, 10 a.m.
  • House Financial Services Committee: Hearing entitled "Examining Capital Regimes for Financial Institutions," 2 p.m.

 

Wednesday:

  • U.S. Chamber of Commerce hosts event on financial technology, 9 a.m.
  • Federal Reserve Chairman Jerome Powell testifies before the House Financial Services Committee on the Fed's semiannual monetary policy report, 10 a.m.
  • Senate Finance Committee: Hearing on trade and commerce at U.S. ports of entry, 10 a.m.
  • House Financial Services Committee: Hearing entitled "The Future of Money: Digital Currency," 2 p.m.
  • House Ways and Means Committee: Hearing on the effects of tariffs on U.S. agriculture and rural communities, 2 p.m.

 

Thursday:

  • U.S. Chamber of Commerce hosts event on retirement saving, 8 a.m.
  • House Intelligence Committee: Hearing entitled "China's Threat to American Government and Private Sector Research and Innovation Leadership," 9 a.m.
  • Senate Banking Committee: Confirmation hearing for Kathy Kraninger to be Director of the Consumer Financial Protection Bureau and Kimberly Reed to be President of the Export-Import Bank, 10 a.m.

 

NEXT WEEK'S NEWS, NOW

  • Fed Chairman Jerome Powell will testify before House and Senate committee next week. While the hearings are intended to be focused on the Fed's semiannual monetary policy report, Powell is almost certain to face questions about the economic impact of mounting trade tensions. Lawmakers will also press Powell on the Fed's plans for hiking interest rates and how it will respond to rising inflation, which will be covered in the report.
  • President Trump's nominees to lead the Export-Import Bank and Consumer Financial Protection Bureau (CFPB) will testify before the Senate Banking Committee on Friday. Ex-Im president nominee Kimberly Reed will likely receive strong bipartisan support as lawmakers look to bring power back to the export subsidizer. CFPB director nominee Kathy Kraninger will face a tougher time winning over Democrats concerned about the future of the bureau.
 
 

 
 

GOOD TO KNOW

  • Speaker Paul Ryan (R-Wis.) said Thursday that he expects lawmakers to release a bill to make fixes to the new tax law following November's midterm elections.
  • AT&T CEO Randall Stephenson said on Friday that he's not concerned about the federal government's new challenge to his company's $85 billion merger with Time Warner.
  • Republicans and Democrats facing competitive midterm races this year are getting an early burst of support from bankers, according to Politico.
  • The S&P 500 index hit a more than five-month high on Friday as gains in industrials and energy companies offset a drop in financials after a mixed bag of quarterly results from three big Wall Street banks, according to Reuters.
  • Wells Fargo said Friday that its second-quarter earnings fell to $5.19 billion from $5.86 billion a year ago amid several federal investigations into its sales practices, according to the AP.

 

ODDS AND ENDS

  • CFPB director nominee Kathy Kraninger, an Ohio native, once interned for Sen. Sherrod Brown (D-Ohio), who fiercely opposes her nomination.
 
 
 
 
 
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Companies increase martech spend, most companies report they will comply with GDPR & advanced TV

 


 
Featured story
 

Report: Companies increase martech spend but struggle to keep up with the speed of its growth

 

Jul 12, 2018 by Robin Kurzer

Though companies say they aren't keeping up with the speed of martech's evolution, they continue to add tools to their stacks at a healthy pace.

 
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Vivoom turns user-generated content into user-created ads
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The Boston-based firm offers a platform that takes the next step for UGC, embedding selected user video inside the brand's video.


TrustArc Survey: Most US, EU companies will comply with GDPR by year's end
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The key motivator is not the fear of fines or lawsuits, but meeting customer expectations.


Advanced TV: The final piece of the programmatic puzzle
Jul 12, 2018 by Chuck Moran

As brands and agencies evolve their corporate structure to adapt to developments in martech, contributor Chuck Moran argues they must factor programmatic TV into their calculations.


From Marketing Land


You'll love what the MarTech agenda has to offer
Jul 12, 2018 by Marketing Land

Come join the community of marketing leaders who are harnessing the marketing, technology and management trinity to drive digital transformation and achieve results. At MarTech®, you'll get 55+ sessions, presentations and keynotes featuring more than 30 experts, product demos from dozens of vendors, structured and unstructured networking and much more.


YouTube's Copyright Match Tool finds videos uploaded without the creator's permission
Jul 12, 2018 by Amy Gesenhues

The first batch of creators to get access to the new tool will be limited to channels with more than 100,000 subscribers.


Twitter is removing locked accounts from follower counts
Jul 11, 2018 by Amy Gesenhues

The company says most users will see a slight change in follower numbers, but users with a large number of followers may see a more significant drop.


SMX Advanced 2018 Session Recap: Maximizing the Impact of Online Video Ads
Jul 11, 2018 by Joe Martinez

Thinking about adding video advertising to your marketing mix? Contributor Joe Martinez shares the video marketing tips he picked up from the Online Video Ads session at SMX Advanced



 
 

Attend MarTech Conference: October 1-3, 2018 in Boston

Join the martech community and tackle transformation at the intersection of marketing and technology. MarTech is the only conference that delivers a vendor-agnostic, graduate-level marketing, technology and management perspective designed to help you succeed. View pass options and register now!

 

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