Trump Trade: 350 drugs to see price raises despite President’s pressure

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.

PRICE INCREASE: Drugmakers plan to raise U.S. prices on at least 350 branded medications including vaccines against COVID, RSV and shingles and blockbuster cancer treatment Ibrance, even as the Trump administration pressures them for cuts, according to data provided exclusively by healthcare research firm 3 Axis Advisors, Reuters reports. The increases do not reflect any rebates to pharmacy benefit managers and other discounts. Pfizer (PFE), Sanofi (SNY), Boehringer Ingelheim, Novartis (NVS) and GSK (GSK) are among those companies and also plan to raise prices on some drugs on January 1, the publication adds.

DMEA CONTRACT: General Dynamics (GD); Northrop Grumman (NOC); Leidos (LDOS); Raytheon (RTX); DRS Network & Imaging Systems (DRS); HII Mission Technologies (HII); Vertex Aerospace (VVX) and L3Harris Technologies (LHX) are each being awarded an indefinite-delivery/indefinite-quantity, firm-fixed-price, and cost-plus-fixed-fee contract. This multiple award contract has a base ordering period of five years with two option periods, three years and two years respectively, to establish a 10-year ordering period for the Defense Microelectronics Activity Advanced Technology Support Program. The contracts share a programmatic ceiling of $25.36B. FY26 funds in the amount $5,000 per task order, for a total $65,000, are being obligated at the time of award. The ATSP V contract procures engineering development that rapidly fields emerging technologies, quickly closes capability gaps, and keeps the Department of Defense ahead of electronics obsolescence issues. This multiple award contract was competitively procured with 17 offers received. Work locations and funding will be determined with each order. DMEA McClellan, California, is the contracting activity.

CIVIL PENALTY: The Justice Department announced that a federal court has entered a stipulated order resolving a case against Disney (DIS). Under the order, Disney will pay $10M in civil penalties as part of a settlement to resolve allegations that Disney violated the Children’s Online Privacy Protection Act and its implementing regulations in connection with Disney’s YouTube video content. “Disney, and others acting on Disney’s behalf, targeted advertising toward children on YouTube and unlawfully collected children’s information without parental notice and consent, in violation of COPPA. Disney’s YouTube video content is extremely popular, with billions of views in the United States alone,” the Justice Department said in a statement.

DIGITAL TOKENS: Trump Media and Technology Group (DJT) announced plans to distribute a new digital token to its shareholders in partnership with Crypto.com. Trump Media anticipates that, beginning in the near future, each ultimate beneficial owner will be eligible to receive one of the new digital tokens per whole share of DJT, with various rewards being made available to token holders periodically throughout the year. Such rewards may include benefits or discounts tied to Trump Media products such as Truth Social, Truth+, and Truth Predict.