Washington Commanders to be bought to Josh Harris

A general view of fans in front of the Washington Commanders logo during the first half of the game between the Washington Commanders and the Philadelphia Eagles at FedExField on September 25, 2022 in Landover, Maryland.

Scott Taetsch | Getty Images

The NFL’s Washington Commanders have finalized a deal to sell them to a consortium led by private equity financier and professional sports team owner Josh Harris, the two sides announced Friday.

The deal is valued at about $6 billion, according to a person familiar with the matter, who declined to be named because the terms were not made public. While the deal still requires NFL approval, it would surpass last year’s $4.65 billion sale of the Denver Broncos to Walmart heir Rob Walton.

“League officials and the Finance Committee will review details of the proposed Washington transaction,” the NFL said. “Each transaction must be voted on by the entire membership, with 24 out of 32 votes required to approve the sale.”

The deal comes months after team owner Dan Snyder hired investment bankers to look into a sale, CNBC previously reported.

Snyder was not forced to sell the team, despite mounting pressure from other owners to depose him as owner. Snyder and the Commanders have been the subject of recent investigations by both the House Oversight Committee and the NFL related to allegations of sexual harassment and financial misconduct.

Harris said he is determined to bring back a Super Bowl title to the franchise, which has not played in a championship game since 1992. Washington has won three Super Bowls in total, all in the 1980s and 1990s.

“I want to express how excited we are that the NFL will be the next owners of the Washington Commanders and how committed we are to providing this city and its fanbase with a championship-level franchise,” Harris said in a statement on Friday.

Josh Harris, managing partner of the Philadelphia 76ers, stands on the field prior to Game 1 of an NBA basketball first round playoff series against the Brooklyn Nets on Saturday, April 15, 2023 in Philadelphia.

Derik Hamilton | AP

Harris, majority owner of the NBA’s Philadelphia 76ers and the NHL’s New Jersey Devils, works with NBA legend Magic Johnson and Mitch Rales, a longtime business partner.

The deal comes amid calls for more black property from NFL teams.

“I couldn’t be more excited to be a partner in the proposed new Washington Commanders ownership group,” Johnson tweeted on Friday. “Josh Harris has assembled an amazing group that is not only committed to doing great things on the field, but to making a real impact on the DMV community and a loyal fanbase!”

The DMV refers to the greater Washington area, which includes the Districts of Columbia, Maryland and Virginia.

Other members of the new ownership group include Michael Sapir, CEO of ProShares, and former Google CEO Eric Schmidt. There are other partners in the group not listed in the press release announcing the deal. Harris will be the primary owner.

Read the full press release announcing the deal:

The Washington Commanders and a partnership led by Josh Harris have entered into a purchase and sale agreement, they jointly announced on Friday, May 12.

The purchase and sale agreement provides that Harris and partners will acquire the Washington Commanders from the Snyder family. The agreement is subject to NFL approval and the satisfaction of customary closing conditions.

Below are statements from Commanders co-owners Tanya and Dan Snyder and Josh Harris on behalf of the Harris Ownership Group.

Statement from Commanders co-owners Tanya and Dan Snyder:

“We are extremely pleased to have reached an agreement to sell the Commanders franchise with Josh Harris, a local native, and his impressive group of partners,” said Tanya and Dan Snyder. “We look forward to the speedy completion of this transaction and to keeping our fingers crossed for Josh and the team in the years to come.”

Statement by Josh Harris on behalf of the Harris Ownership Group:

On behalf of our entire ownership group — including Mitch Rales, my longtime sports business partner David Blitzer, and Earvin Magic Johnson — I want to express how excited and committed we are to be considered by the NFL as the next owner of the Washington Commanders We are We want to provide a championship-level franchise for this city and its fanbase.

Growing up at Chevy Chase, I witnessed firsthand the excitement surrounding the team, including their three Super Bowl victories and long-term winning culture. We look forward to the formal approval of our ownership by the NFL in the coming months and to the honor of continuing to serve as responsible and accountable stewards of the Commanders franchise.

Many thanks to Tanya and Dan Snyder and the staff at Commanders for their partnership and collaboration throughout the sales process.

In addition to Mitch, David and Magic, our exceptional ownership group includes local business leader Mark Ein, Lee Ainslie, Eric Holoman, Michael Li, owner of Range Group, Morgan family, owner of Morgan Properties, Santo Domingo family, Michael Sapir, among others Co-founder and CEO of ProShares, Eric Schmidt, former CEO and Executive Chair of Google and Andy Snyder. Collectively, these individuals and families have the shared resources and commitment to support our vision for Commanders.

We look forward to leading a world-class organization and making significant investments on and off the field to achieve excellence and have a lasting and positive impact on the community.

In response to the WHO, the outbreak is not a worldwide well being emergency

Pharmacist Uchita Parikh prepares a dose of the Jynneos monkeypox vaccine at a pop-up immunization clinic opened by the Los Angeles County Department of Public Health today, August 3, 2022 at the West Hollywood Library in West Hollywood, California.

Mario Tama | Getty Images

The World Health Organization on Thursday declared the global public health emergency over due to the outbreak of the MPOX virus.

“We are now seeing steady progress in controlling the outbreak, based on the lessons of HIV and working closely with the communities most affected,” said WHO chief Tedros Adhanom Ghebreyesus during a press conference in Geneva.

“I am pleased to declare that the MPOX is no longer a global health emergency,” said Tedros.

In the past three months, the number of new Mpox cases has fallen by 90%, he said.

Formerly called monkeypox, the WHO changed the name to MPox last year to reduce stigma.

Mpox, a virus related to smallpox, has so far been mostly confined to Africa.

According to the WHO, the virus spread rapidly around the world last year, resulting in more than 87,000 cases and 140 deaths in 111 countries. It is the largest known outbreak of the virus in history.

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Bavarian Nordicwhich makes the MPOX vaccine, recently warned that the global outbreak is a wake-up call for the need to ramp up vaccine production capacity to prepare for a potential smallpox threat.

“If it wasn’t MPoxen it was smallpox, then we’re dead wrong,” Paul Chaplin, CEO of Bavarian Nordic, said in an interview with CNBC last month.

The company’s Jynneos vaccine protects against MPoxen and smallpox.

Mpox spreads primarily through sexual contact, with gay and bisexual men at higher risk of infection.

Although the virus is rarely fatal, infected people develop lesions in sensitive areas that are very painful and may require hospitalization.

Mpox can be fatal to people with severely compromised immune systems, such as people with HIV.

Public health officials dealing with the outbreak have faced a difficult balance between clearly communicating important information about the spread of the virus while not unleashing backlash against vulnerable communities.

“While stigma has been a driving issue in managing this epidemic and continues to impede access to healthcare for MPox, the feared backlash against the hardest-hit communities has largely failed to materialize,” Tedros said Thursday. “We are grateful for that.”

The largest Mpox outbreak occurred in the United States, with more than 30,000 cases and 42 deaths. The Biden administration ended the public health emergency declared in response to MPox in January after cases fell dramatically amid a nationwide public health immunization and information campaign.

Trump is interesting the decision within the E. Jean Carroll sexual abuse case

E. Jean Carroll, former advice columnist for Elle magazine, watches as Joe Tacopina, attorney for former US President Donald Trump, during a civil trial in which Carroll accuses Trump of raping her in a department store dressing room in the mid-1990s , closing arguments defamation, in New York, May 8, 2023.

Jane Rosenberg | Reuters

Donald Trump announced Thursday that he will appeal this week the federal civil jury’s verdict that holds the former president responsible for the sexual abuse and defamation of writer E. Jean Carroll.

Trump’s attorneys also said in that filing that they will be asking the US Circuit Court of Appeals for the 2nd Circuit to vacate the order requiring him to pay Carroll $5 million in compensatory and punitive damages in this case.

Also on Thursday, Carroll’s attorney told The New York Times that the author was considering filing a new defamation lawsuit against Trump after she made her allegation at a CNN town hall the night before that he was in a dressing room at the Bergdorf Goodman Department raped by him The store in the 1990s was “fake”.

“We’re going to have to weigh the various pros and cons and will probably come to a decision within the next day or so,” Carroll’s attorney Roberta Kaplan told The Times.

If Carroll, 79, does file a new lawsuit, it would be her third lawsuit against Trump for defamation.

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The second lawsuit was settled Tuesday when a jury in the US District Court in Manhattan, after deliberating for less than three hours, found that he had sexually abused and also defamed her last fall.

The first lawsuit alleging Trump defamed her as president after she went public with her rape allegation in 2019 has been effectively shelved pending legal battles over whether he can be held liable for statements that made the he made during his tenure in the White House.

Trump’s appeal was filed Thursday, less than an hour after the jury’s final verdict was entered on the Manhattan court’s file.

The jury failed to conclude Tuesday that there was overwhelming evidence that Trump raped Carroll. But finding that he likely sexually abused her was enough to uphold her civil claim for physical harm.

Trump is the lead candidate for the Republican presidential nomination in 2024.

During Wednesday night’s CNN-hosted New Hampshire Town Hall, Trump poked fun at Carroll, eliciting laughter and cheers from the audience. Trump called Carroll a “complete moron” during the town hall meeting and again claimed her account of events was “fake.”

“She wasn’t raped, okay?” Trump said. “And I didn’t do anything else, okay, because I don’t know who the hell she is.”

Younger thug discharged from hospital after falling in poor health in courtroom

Young thug was reportedly discharged from an Atlanta hospital after falling ill before a court hearing on Thursday. According to WSB-TV, the rapper was taken to a medical care facility early Thursday afternoon.

The Atlanta rapper is one of more than two dozen co-defendants in a broader RICO Act indictment against members of Thugger’s Young slime life Authorities claim the record company is a violent street gang.

RELATED: Young Thug’s attorney demands bail for fourth time, citing ‘limited healthy food choices’ and lack of sleep

The rapper is expected back in court on Friday after falling mysteriously ill

According to 11 Alive, the “ski” rapper was evaluated during his brief hospital stay and is expected to appear in court on Friday morning. The outlet reports that the trial will continue the jury selection process.

During the rapper’s hospitalization, his attorney told WSB-TV that his illness was unclear. He also stated that he doesn’t expect the rapper to appear in court that day.

The attorney added that he did not speak to Young Thug. However, he was “obviously concerned for Thugger’s well-being.”

“I know he had similar difficulties in the Cobb County Jail a few months ago, so I’m obviously concerned for his well-being,” the attorney said.

The criminal’s hospitalization comes just weeks after reports of his poor health while in detention

However, it was not surprising to hear that Thug fell ill after his lawyers issued damning reports about his health last month.

As reported by The Shadow Room Last month, the rapper’s legal team complained about his health during a bond hearing in April.

His attorneys specifically cited unhealthy foods and lack of sleep as causes of Thugger’s health problems. These issues have gotten so bad lately that the rapper “fights to pay attention to what’s going on in his case.”

“Mr. Williams suffers from sleep deprivation and is required to wake up between 3 and 4 a.m. on court days and sleep no more than five hours a night,” lawyers said to pay attention.”

Thugger was ultimately denied bail during this hearing.

The rapper has remained in custody since his arrest on charges of being a leader of the YSL street gang. The alleged gang reportedly claim to belong to the Bloods.

Young Thug was arrested a year ago today.

Here are some exclusive photos taken just before the raid, wearing the same clothes he was arrested in. pic.twitter.com/UMo3kCGs1Q

— YSL RICO UPDATES ひ (@ThuggerDaily) May 9, 2023

A brief history of the ongoing trial of Young Thug as jury selection enters its sixth month of trial

The criminal faces a 2018 charge of gang activity and a 2013 charge of conspiracy to violate RICO law.

Thug maintained his innocence throughout the trial and faced several issues from the start. This includes the arrest of a lawyer, Anastassios Manettas, representing another defendant in the case.

Jury selection in the YSL-RICO trial is now entering its sixth month of trial.

It has now been a year this month since prosecutors filed the original charges. That indictment alleged that members of Young Slime Life had committed nearly 200 criminal offenses in their capacity as street gangs.

The YSL-RICO trial is on track to break records for being the longest criminal trial in Fulton County history.

JPM’s Jamie Dimon warns of market panic as US near default

Jamie Dimon, President and CEO of JPMorgan Chase and Company, speaks before a Senate hearing on banking, housing and city affairs on “Annual Oversight of the Nation’s Largest Banks” on Capitol Hill on September 22, 2022 in Washington, United States, out of.

Elizabeth Franz | Reuters

JPMorgan Chase CEO Jamie Dimon said Thursday that markets are gripping in panic as the US nears a possible default on its sovereign debt.

An actual default would be “potentially catastrophic” for the country, Dimon told Bloomberg in a television interview. But Dimon said he expects the worst-case scenario to be avoided as lawmakers will be forced to respond to growing concerns.

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“The closer you get to that, the more panic comes in the form of stock market volatility and government bond turmoil,” he said.

Dimon joined a string of business and government officials who made dire predictions about what would happen if the US debt ceiling were not raised or suspended and the world’s largest economy defaulted on its bonds. Treasury Secretary Janet Yellen said the idea of ​​the country defaulting was “unthinkable” and would lead to economic disaster.

“When there’s panic, people have to react, we’ve seen that before,” Dimon said.

But “that’s a really bad idea because panic becomes something that’s not good,” he added. “It could have implications for other markets around the world.”

war room

JPMorgan, the largest US bank with around $3.7 trillion in assets, has been preparing for the risk of an American default, Dimon said.

Such an event would repercuss the financial world, impacting “contracts, collateral, clearinghouses and definitely customers around the world,” he said.

The bank’s so-called war room met once a week, a cadence that will shift to daily meetings around May 21 and three daily meetings thereafter, he said.

He urged politicians from both major US parties to compromise and avoid a ruinous outcome.

“Please negotiate a deal,” Dimon said.

other banks

In the lengthy interview, Dimon said he speaks daily with regional bank executives amid concerns sparked by the collapse of Silicon Valley Bank in March. Last week, JPMorgan emerged as the winner of the government-brokered auction for First Republic.

Regional banks are “pretty strong” and reporting good financial results, but managers are concerned about the bank runs that have bankrupted three companies, he said.

“I think we have to assume that the regional banking crisis will get a little bigger,” he said.

The US public well being Covid emergency is ending

A sign outside a hospital advertises COVID-19 testing on November 19, 2021 in New York City.

Spencer Platt | Getty Images

The public health emergency in the United States, declared in response to Covid-19, ends on Thursday, more than three years after the pandemic began.

The Biden administration’s decision to end the state of emergency comes at a time when deaths and hospitalizations have fallen dramatically due to the availability of vaccines, antiviral treatments and widespread exposure to the virus.

The number of Covid deaths has fallen to its lowest since March 2020, when the rapid spread of the virus across the United States overwhelmed the healthcare system and led to widespread closures of schools, businesses and public facilities.

Hospital admissions due to the virus have also fallen to their lowest since data collection began in the US in August 2020.

The end of the state of emergency will bring significant changes to how the US is responding to the virus. Hospitals are losing the flexibility to quickly add bed capacity as patient admissions increase, and the Centers for Disease Control and Prevention will scale back efforts to track the virus.

After the emergency ends, the CDC can no longer compel labs to report Covid test results. The agency does not have the power to force states to report new cases.

CDC Director Dr. Rochelle Walensky, who is set to step down at the end of June, warned Congress last week that the agency still has to negotiate data-sharing agreements with individual jurisdictions, a time-consuming process that puts the nation at risk.

“That should worry us all, mostly because of the visibility we’re going to have in the next outbreak,” Walensky told the Senate Health Committee. “We’re back to square one and need to build and negotiate surveillance capabilities while fighting a pathogen.”

While public health experts agree the US now has many more tools to combat Covid, they warn the virus will continue to pose an ongoing threat to the elderly, vulnerable and the country’s fragmented, ailing healthcare system.

“I think we’re through the worst now, but there’s going to be a steady drumbeat of hospitalizations and deaths for many years to come,” said Lawrence Gostin, director of the O’Neill Institute for National and Global Health Law at Georgetown University.

The virus still kills

The US public health emergency has been extended 13 times since the Trump administration first declared it on January 31, 2020, when there were only six known cases of Covid and no known deaths in the US

In the three years since, Covid has killed more than 1.1 million people and hospitalized millions more in the United States, in the worst public health crisis since the flu pandemic more than a century earlier in 1918.

The virus was the fourth leading cause of death in the US in 2022 – two years after Covid first emerged, behind only heart disease, cancer and unintentional injuries.

The World Health Organization declared the end of the global Covid emergency on Friday. But WHO chief Tedros Adhanom Ghebreyesus warned national governments against dismantling the systems they had built to fight the virus.

“This virus is here to stay. It still kills and it still changes. The risk remains that new variants will emerge, leading to new spikes in cases and deaths,” Tedros said.

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More than 1,000 people are still dying from Covid each week in the US, the vast majority of whom are aged 75 or older, as the public has largely lost interest in staying up to date on vaccines.

Only 42% of seniors are up to date on their Covid vaccinations, according to CDC data. Only 17% of the entire US population has received the latest booster shot.

“You have to stay current to have proper protection,” said Dr. James Lawler, an infectious disease expert at the University of Nebraska Medical Center.

“Similar to immunity from a vaccine, surviving Covid confers immunity, but that immunity does not last,” Lawler said.

The Biden administration says the end of the state of emergency will have no impact on access to Covid vaccines and antiviral treatments because there is still federal stockpiling, but many consumers will have to start paying for Covid testing.

Gostin said a misinformation campaign against vaccines, particularly in conservative states, as well as a general vaccine fatigue, have put the country’s health at risk.

Meanwhile, millions of people are at risk of losing coverage through Medicaid, the public health insurance program for people on lower incomes, as states are allowed to review eligibility for the first time in years. Congress banned states in principle from barring people from Medicaid during the pandemic, but those protections expired in April.

“We’re going to see the social and health safety net unraveling over the next few months,” Gostin said. “There will be an increase in uninsurance and people will not have access to health care,” he said.

health system ailing

Hospitals have been hit by repeated waves of Covid over the past three years and many healthcare facilities are suffering from staff shortages as many doctors and nurses suffer from burnout.

With the end of the emergency, hospitals are losing the flexibility to quickly add beds in unconventional settings and resort to interns to help with increasing patient intake.

Leading medical associations warned the Biden administration last fall that emergency rooms were at a breaking point, and patients were being kept waiting due to insufficient bed capacity and understaffing.

And hospitals now face the ongoing threat of Covid, in addition to the flu and respiratory syncytial virus, which was already straining capacity during a period of poor respiratory viruses before the pandemic.

“We really have lost so much healthcare capacity in this country with the loss of beds and healthcare workers,” said Michael Osterholm, a leading epidemiologist and director of the Center for Infectious Disease Research and Policy in Minnesota.

“We better hope that we don’t see a big surge in infectious diseases of any kind in the coming months to years,” Osterholm said.

Lawler, who advised the Bush and Obama administrations on biodefense and pandemic preparedness issues, said hospitals may need the flexibility the public health emergency offers if large Covid surges return in the future .

“I’m not optimistic that anyone in Washington will be willing to declare a new emergency, even if warranted, once the public health declaration is lifted,” he said.

Rep. Ted Lieu says Trump misplaced 2024 election at CNN City Corridor

Rep. Ted Lieu (D-CA) predicted the 2024 presidential election would not be a close one as Trump’s answers at CNN City Hall were a gold mine for Democrats.

Rep. Lieu tweeted:

Donald Trump reiterated on national television that he should deprive women of the right to vote.

The choice will not be close. Trump will again lose Wisconsin, Michigan, Pennsylvania, Arizona and Georgia.

The abortion issue will crush Trump and Republicans.

That’s not complicated. https://t.co/42A4wUJG46

— Ted Lieu (@tedlieu) May 11, 2023

Some people believe City Hall was a debacle for CNN. But it was definitely a gold mine for @JoeBiden and the Democrats. From now through next November, we will be highlighting several Donald Trump statements at City Hall. This presidential election will not be close. https://t.co/PCkSHMJl0U

— Ted Lieu (@tedlieu) May 11, 2023

Not many Americans would have seen a single City Hall on CNN.

But many Americans will now see the foul things Donald Trump said because @JoeBiden and the Democrats are dying to use clippings from this town hall in ads across America. https://t.co/bTrQgCWPGO

— Ted Lieu (@tedlieu) May 11, 2023

After nearly eight years of Trump exposure, America now knows the former president isn’t just saying things to get votes. He firmly believes in and will implement issues such as a national abortion ban and supporting Russia’s takeover of Ukraine. Trump will destroy democracy in the United States. These are things that will happen when Trump returns to the White House.

Rep. Lieu was right. The CNN City Hall was seen by a tiny fraction of those who will vote in the 2024 general election. By 2024, exponentially more voters will be watching and hearing all the ads Democrats will run on CNN as a result of Trump’s appearance.

Democrats will also use Trump’s words against nominees for the Republican House and Senate in 2024.

Trump has always been the gift that Democrats keep getting given. The odds of him returning to the White House after his 2020 defeat were slim anyway, and the former president gave Democrats a big head start with a City Hall appearance intended to remind voters why he was running for the White House is not suitable.

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Jason is the managing editor. He is also a White House press pool and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His thesis focused on public policy with a specialization in social reform movements.

Awards and professional memberships

Member of the Society of Professional Journalists and the American Political Science Association

Francesca Farago shares plans to freeze eggs after engagement

Francesca Farago building a future with her perfect partner.

The Too Hot to Handle graduate opened up about her family plans after recently getting engaged to TikToker Jesse Sullivan. According to the 29-year-old, not only will she freeze her eggs later this year, but Jesse – who came out as transgender in 2019 and uses the pronouns ‘he/him’ – will also undergo the same procedure.

“We have everything planned out,” Francesca shared on the May 3 episode of the Sofia With an F podcast. “We’ll probably try to get the eggs this summer. We need to get his eggs and mine, put them in a bowl and fertilize them.”

Jesse, father of a 14 year old Arlo from a previous relationship, details her parenting plans to welcome not just one, but two members into her family.

“We’re going to make embryos and use Arlo’s other biological father for the sperm,” Jesse explained, adding that the plan is to freeze the embryos until Francesca is “ready to bear.”

Trump urges false election claims at CNN Metropolis Corridor

Former US President Donald Trump speaks at a campaign event in Manchester, New Hampshire, on Thursday, April 27, 2023.

Adam Glanzmann | Bloomberg | Getty Images

Former President Donald Trump on Wednesday again made false claims that his 2020 election loss to President Joe Biden was “rigged” in a live town hall broadcast on CNN.

According to CNN, the New Hampshire event was Trump’s first appearance on the network since the 2016 presidential campaign. It was hosted by CNN This Morning host Kaitlan Collins, who attempted to vet Trump in real-time. There was a live audience of Republicans and black voters.

Much of the crowd was extremely supportive of Trump, often applauding and laughing in support of his statements.

Trump, who for years has falsely claimed he beat Biden in 2020, told Collins that “unless you’re a very stupid person, you see what happened” in this contest. When asked if he would publicly admit his loss, Trump referred to claims by a group promoting election conspiracy theories.

Trump also defended his supporters, who stormed the US Capitol on Jan. 6, 2021 when asked if he regretted his actions that day. Trump said the people who came to hear him speak near the Capitol — some of whom would then storm the Capitol and disrupt Trump’s transfer of power to Biden — were “there with love in their hearts.”

“It was a beautiful day,” Trump said, adding that former Speaker of the Democratic House of Representatives Nancy Pelosi was responsible for the riot.

Since becoming angered at CNN years ago, Trump has railed against the network, its ratings, its leadership and many of its on-air personalities.

But after a leadership change at CNN and amid a reported slump in ratings, the network has apparently decided to give Trump another chance.

“He’s the Republican front runner. He has to be there,” David Zaslav, CEO of Warner Bros. Discovery, which owns CNN, said of Trump on CNBC’s Squawk Box last week. The town hall was also seen as a test of CNN boss Chris Licht’s rule against spreading disinformation.

The decision raised concerns from Trump’s critics, who argue that providing the ex-president with a live platform to spread misinformation neglects the lessons the media learned during his presidency. Some of them have also accused new CNN CEO Chris Licht of trying to woo a more centrist audience as part of his network overhaul.

E. Jean Carroll exits federal courthouse in Manhattan following the verdict in the civil rape trial of former U.S. President Donald Trump May 9, 2023 in New York City.

Brendan McDermid | Reuters

The timing has only exacerbated the controversy. City Hall comes a day after a New York City jury found Trump liable for sex abuse and defamation in a civil lawsuit brought by writer E. Jean Carroll.

The jury ordered Trump to pay Carroll compensatory and punitive damages of $5 million.

It’s far from clear whether the outcome of this trial, which Trump denounced in a series of social media posts Tuesday night and which his attorney planned to appeal, will affect his bid for the Republican presidential nomination in 2024 .

During City Hall, Trump repeatedly poked fun at Carroll, prompting cheers and laughter from the crowd.

Trump, who lost his re-election to Biden in 2020, still appears to be the de facto leader of the Republican Party. Even his supposed main competitors reacted cautiously to the devastating verdict of the jury.

Trump appeared to chide CNN outside City Hall, hinting in a social media post that the network booked him “because they’re rightfully desperate to get those fantastic (TRUMP!) ratings again.”

“Could be the start of a new and vibrant CNN, with no more fake news, or it could be a disaster for everyone, including me. Let’s see what happens?” Trump wrote.

Eli Lilly guarantees insulin costs will not go up; Novo Nordisk, Sanofi hedge

An Eli Lilly & Co. logo is featured on a box of insulin medications in this arranged photo of a pharmacy in Princeton, Illinois.

Daniel Acker | Bloomberg | Getty Images

Eli Lilli CEO Dave Ricks vowed Wednesday not to raise prices again on the company’s existing insulin products — the only executive to do so ahead of a Senate Health Committee hearing on the affordability of the life-saving diabetes drug.

Sen. Bernie Sanders, the committee chair, asked Ricks and the CEOs of Novo Nordisk And Sanofi to commit “never again to increasing the price of an insulin drug”. The three companies control over 90% of the global insulin market.

Ricks was the only executive who wholeheartedly agreed with Sanders’ request — at least for Eli Lilly’s existing insulin products.

“We will leave our prices for the insulins on the market today as they are,” Ricks told the Vermont Senator. “In fact, we cut them.”

Meanwhile, Lars Fruergaard Jørgensen, CEO of Novo Nordisk, said the Danish company has committed to limiting price increases to “single digits”.

Sanofi CEO Paul Hudson responded that the company has a “responsible pricing policy.”

He also noted that the net prices for Sanofi’s insulin products are actually falling. Net price refers to the amount insurers pay for an insulin drug after discounts and rebates. It is usually lower than the price a product is listed for.

All three companies have been under political pressure for years to make insulin more affordable for people with diabetes.

In March, they each announced that they would reduce the prices of their most commonly used insulin products.

Lilly announced that the price of the Lispro injection will be $25 per vial starting May 1, and the price of the Humalog and Humulin injections will be reduced by 70% starting in the fourth quarter.

The company also announced that it would limit the deductible for individuals with personal insurance at participating retail pharmacies to $35 per month.

Novo Nordisk announced that it will reduce the list price of its NovoLog insulin by 75% and the prices of Levemir and Novolin by 65% ​​starting next year.

Sanofi said it plans to cut the price of its most popular insulin drug, Lantus, by 78% and the list price of its short-acting insulin, Apidra, by 70%.

At the hearing, Sanders called these actions “good news” and a result of public pressure.

But the senator said the committee plans to hold a hearing next year to make sure those price cuts “actually happen.”

“We just don’t want words. We want action,” Sanders said in his opening speech.

“We need to make sure price cuts are effective enough to ensure that every American with diabetes gets the insulin they need at an affordable price,” Sanders added.

CVS, Express Scripts, Optum Rx

The hearing also brought together other key players in the insulin industry: top executives from three of the largest pharma-benefits executives.

Those executives were David Joyner, President of CVS Health pharmacy services; Adam Kautzner, President of Express Scripts; and Heather Cianfrocco, CEO of Optum Rx.

PBMs are the middlemen who negotiate drug prices with manufacturers on behalf of health insurance companies. They are often criticized for allegedly inflating drug prices and not passing on all the rebates and rebates they negotiate to consumers.

Joyner pointed out that CVS Health passes on more than 98% of all discounts to customers.

“We’ve always prioritized making really transparent offers to the market,” he said during the hearing.

But Senator Roger Marshall, R-Kan, stressed that 84 cents of every dollar goes to the PBMs.

Sen. Susan Collins, R-Maine, also highlighted a colossal gap between list and net prices of insulin from 2012 and 2021.

Collins asked Ricks to explain “who gets this money” because “I can tell you it’s not going to the consumer at the pharmacy counter.”

Ricks urged her to ask the PBMs “how this money is being redistributed.”

government caps

About 37 million people in the United States have diabetes, according to the Centers for Disease Control and Prevention. About 8.4 million diabetes patients are dependent on insulin.

High prices have forced many Americans to ration insulin or reduce their use of the drug. A 2021 study in the Annals of Internal Medicine found that nearly 1 in 5 US adults either skipped, delayed, or used less insulin to save money.

The Inflation Reduction Act, the Democratic plan Biden signed into law last year, capped the monthly cost of insulin for Medicare beneficiaries to a $35 monthly prescription but offered no protection for diabetes patients who have private insurance.

More than 2 million patients with diabetes who take insulin are privately insured, according to the Department of Health and Human Services. Another 150,000 patients who take insulin are uninsured, HHS says.

Last month, Sens. Jeanne Shaheen, DN.H., and Collins introduced bipartisan legislation that would require private health insurers to cap the price of any insulin type and dosage form to $35 a month.

These types of insulin include fast-acting, short-acting, medium-acting, long-acting, and pre-mixed. Dosage forms include vials, pens, and inhalers.