David Crow
@bydavidcrow
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Executive Editor at The Wall Street Journal
New York
Joined June 2007
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Terrific/terrifying read on how a contested US election result could descend into a constitutional nightmare
(with big implication for Congress, courts and military)
by
@KatrinaManson
and
@kadhim
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Particularly moving is
@NataliforTexas
' story. How you come back from that, let alone become *something*, is beyond me.
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ALL THE PRESIDENT'S DEBTS: Creditors are preparing for tricky negotiations with their debtors. They will be trickier still if the debtor is the president of the United States.
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Trump loses his edge on the economy, per our new FT-Peterson poll (46% policies hurt; 44% help). The economy was one of few bright spots for the president.
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This profile of Indian PM Narendra Modi (with subplot on investigative reporter
@RanaAyyub
) is an excellent, chilling read.
The Indian Prime Minister Narendra Modi presents himself as an ascetic economic visionary. He is also a hero of anti-Muslim bigots.
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How To Lose An Election -- a video
1) In a scene that played out several times Monday, a Black Lives Matter protest that began in Columbia Heights confronted White diners outside D.C. restaurants, chanting “White silence is violence!” and demanding White diners show their solidarity.
#DCProtests
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Pfizer has raised the prices of 100 products just weeks after Donald Trump claimed the pharma industry was about to implement “massive” voluntary reductions 🤔 $PFE
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'Leaky vaccines probably put herd immunity out of reach, especially when faced with the Delta variant' (AND vaccine hesitancy)
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Canary Wharf is assumed to be a hotbed of Remainers. But some senior bankers are changing their tune post-Boris. One even told me he thought No Deal would be good for business.
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Trump has the advantage on Facebook, but Biden is catching up
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SCOOP Strong signal from Fauci that Biden admin will *not* back waiver of Covid 19 vaccine patents (aka Trips waiver) in blow to developing countries (by
@kiranstacey
)
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Biden, the big spender: lots of great detail in this deeply-reported piece on how the Democrat is spending his huge fundraising haul by
@courtney_ft
and
@christinezhang
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Thrilled to be joining the
@WSJ
in December as Executive Editor. Can't wait to start working with
@emmatuckerWSJ
,
@charlesforelle
and the team. Today is my last day at the
@FT
after 11+ years. Huge thanks to
@khalafroula
,
@SpiegelPeter
and all my wonderful colleagues.
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Even for an extraordinarily litigious character, one well acquainted with lawsuits and courtrooms, this was a momentous legal week for Donald Trump (by
@stef_palma
and
@JoshuaChaffin
)
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White House pushes for rethink on cannabis use in sport after suspension of star sprinter Sha’Carri Richardson - big SCOOP from
@germanotes
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Scoop: Opioid billionaire Dr Sackler stands to profit from US epidemic after patenting a new... addiction treatment (file this under “you could not make it up”)
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“From a political perspective, Trump does Biden a favour by pardoning himself and his family" -- excellent deep dive on the chances of Trump being prosecuted by
@kadhim
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Delighted to become the new
@FinancialTimes
US news editor from next month, taking over from the inimitable
@GaryRSilverman
, who has taught me so much
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Some life news: I'm moving back to London next month to become the FT's Banking Editor. Very excited about the new opportunity, but sad to say goodbye to the pharma beat. Thanks to everyone who helped me try to do it justice.
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In 2018 Cathie Wood declared “monogenic stem cell therapy” a $2tn revenue opportunity. Scientists aren't sure what she was talking about. Nor is Google.
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Some life news: I have moved back to New York to become the FT's first (and hopefully last) US Coronavirus Correspondent. The banking team is now in
@sjhmorris
's extremely safe hands.
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Unbelievable. Labour line to take is: "SURPRISE! Corbyn was for Brexit all along"
Labour MPs have been told to say: "Corbyn has showed he is far closer to the centre of gravity of the British public than other politicians"
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Wealthy Chinese often travel to US for healthcare, but rare to hear of someone going other way: Craig Chase's remarkable story of how his myeloma was cured by a 'Made in China' cell therapy $JNJ $CELG $BLUE $CLLS $NVS $GILD
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A patent officer worried about going bald
A "hustler" scientist from Hungary who would not give up
$1k stashed in a teddy bear
And a French CEO with a near magical ability to raise cash
The story of how the mRNA Covid vaccines succeeded against the odds
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Suspect same people who say Scots in England shouldn't have indyref2 vote cheered
#HomeToVote
push for Irish expats to return and vote in refs on same-sex marriage and abortion
I'm not worried at all. I was merely asked how Scots in rest of UK could have a vote in another iScot referendum and showed how simple it would be. I don't say it should happen. But I can see how the prospect really worries you.
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In the middle of an opioid epidemic, Trump admin tries to expand health plans that don’t cover... substance abuse treatment
Our new analysis of short-term health insurance plans -- which the Trump administration wants to expand -- shows they often don't cover benefits required by the ACA.
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Pelosi's tearing-up of Trump speech was petty, will make for great footage in a GOP attack ad, and will play badly among undecideds
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Scoop: Pfizer raises price of almost a hundred drugs by ~20% in 2017. Viagra goes from $57.94 to $73.85. $PFE
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Rod Rosenstein's face! A picture is worth a thousand words and all that.
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Had lunch with Albert Bourla, Pfizer CEO
- State Dept told him Russia masterminding effort to discredit Pfizer jab
- Insists patent waiver won't boost global supplies
- Ready for deal on lower US prices - only if 100% of savings go to patients not gov't
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I think Delta CEO must be last person on the planet to refer to it as the B.1.617.2 variant.
Another neat solution? Rebrand the airline "B.1.617.2 Airways"
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It does not mean, of course, that the pound here in Britain, in your pocket or purse or in your bank, has been devalued 😒
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With six weeks to go before Americans head to the polls, the outcome of the midterms is far less predictable, partly due to the backlash against the Dobbs abortion ruling writes
@JamesPoliti
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For those wanting an early night on election day: your best hope is that Biden wins a string of sunbelt states. If he doesn't, buckle up for a looooong ride. Find out more in our excellent on-the-night guide.
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BREAKING NEWS from my local drugstore on the race to develop a Covid vaccine
(I pity the poor pharmacist who must get asked for it hundreds of times a day)
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Ever wondered how academics feel when drugmakers make $$$ from their work? This from inventor of Spark gene therapy
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Bosses are back but workers are staying home: Lots of 'return to office' stories being run atm, but this from
@JoshuaChaffin
is one of the very best. Not many others with a C14th history parallels in there, for sure
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Even if the profits of the top two PBMs were to go to zero and instead spent on drugs, it would not even foot the bill for Humira. I'm no defender of the PBM model, but they're a red herring $ABBV $CVS $ESRX
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Brian Skorney of Baird is not drinking the Biogen/Eisai kool-aid: “The enthusiasm for a statistically unsound analysis of a failed Phase 2 study that utilizes a company-designed endpoint meant to detect negligible clinical effects is palpable but, in our view, misplaced.” $BIIB@
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SPOT THE DIFF: GSK scrubbed all mention of director's tenure on Purdue Pharma board shortly before she was sued for alleged role in the epidemic. Full scoop here:
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Decoding cancer: the four trends that are turning precision medicine into a reality $LOXO $MRK $FMI $TMO
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That sound you can hear is
@US_FDA
's Janet Woodcock throwing Billy Dunn under the bus. Kudos to
@adamfeuerstein
@matthewherper
and
@damiangarde
for the original scoop. What a mess.
Given the ongoing interest and questions, today I requested that
@OIGatHHS
conduct an independent review and assessment of interactions between representatives of Biogen and FDA during the process that led to the approval of Aduhelm.
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Britain is now embarking on precisely the path recommended by almost no reputable experts
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Will docs stop treating cancer based on site tumour (lung, ovaries etc) and start focusing on genetics?
#ASCO2017
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Ferraris, champagne-fueled parties, and stock-picking while riding horse-back: excellent reporting on the downfall of Neil Woodford by
@petersmithesq
and
@OwenWalker0
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The Allergan story in brief: Allergan —> Ackman —> Actavis —> Appaloosa —> AbbVie
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Five takeaways from first Trump-Biden debate:
- Trump unrestrained, even by his standards
- Biden held own, despite some ‘word salad’
- Trump refused to disavow white supremacists
- Doubt over next two debates
- Not a lot to change the race
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It only gets better. Leader of Her Majesty's Opposition goes incommunicado because he is MAKING JAM
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Tesco Bank is first victim of HSBC-led price war in mortgages, after announcing it will stop new lending and offload existing book. (+ our recent analysis here )
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Big bonuses and luxury holidays: inside Purdue Pharma's sales force. Our latest (and last of this series) on Purdue.
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After reading
@JohnCarreyrou
's riveting tale of Theranos downfall, hard not to conclude that Elizabeth Holmes' best hope of avoiding jail is insanity defence (my review)
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Thrilled that our series on opioids and the Sackler family received an honourable mention at the
#SABEW19
awards. You can read it here. Congrats too to all my colleagues.
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Pfizer postpones price increases on 100 products following intense political pressure. Comes after FT scoop last Monday. Kinda unprecedented. $PFE
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SCOOP: UBS is reinstating economist at centre of Chinese pig row, Paul Donovan, who was suspended in June after his remarks prompted outrage in Beijing
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ICYMI: Our scoop that the Sackler family owns a *second* opioid drugmaker that is actually bigger than Purdue Pharma by volume: introducing the little-known Rhodes Pharma.
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It's price gouging Monday: secretive Alabama drugmaker buys rights to cholesterol and respiratory drugs before implementing Shkreli-style hikes (~2,500% and 800%)
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Thanks -- very honoured
Congrats to
@natashaloder
and
@bydavidcrow
, who both just won the AACR June L. Biedler Prize for Cancer Journalism!
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Nearest good coffee shop to new FT HQ displays the paper on the wall. Not sure if this adheres to our T&Cs on sharing 🤔
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Scoop: the Sacklers own not one but two opioid companies
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Our inaugural survey with
@ChicagoBooth
finds economists agree with those Fed dot plots showing multiple rate rises in 2023 (rather than Powell's 'grain of salt' reassurance) (by
@colbyLsmithm
,
@christinezhang
and
@brookefox91
)
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The real story of how Celgene bungled all-important FDA app for new MS drug - one of biggest biotech shocks of 2018 $CELG
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CDC chief won't rule out new lockdown as Covid rages in Brazil etc and likely to return to US. Also says:
-US Covid deaths so high b/c of levels of obesity, diabetes etc
- US health budget should be double/tripled
- Don't sit in the middle seat on a plane
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@JoeNBC
I'm sure if it weren't for the character limit you would have tweeted the rest: But to win, he would have to take nearly all of them
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Little reminder that there is one Labour leader who has won an election since 1974. His name is Tony Blair. Memo to Momentum: Blair is not a dirty word.
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What an intro! Many h/ts to
@pickardje
for his interview with John McDonnell, the man who could be Britain's next (socialist) chancellor
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Ken Frazier, the Merck boss taking a stand against racial injustice: “He is quite comfortable keeping private until something passes his threshold of acceptance."
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Confused by the avalanche of litigation that could decide the election?
@kadhim
breaks it down here
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The 20 execs who spend most taking corporate jet on holiday. Without paying fare Full story
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My Lunch with the FT with 'Shuggie Bain’ author Douglas Stuart: ‘I have a radar for the suffering soul’
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This excellent, thoroughly-reported deep dive on Sweden’s decision to go it alone with no lockdown from
@rmilneNordic
is a must read
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Pfizer CEO Albert Bourla's mother was seconds away from being killed by a Nazi firing squad. The lesson she taught him years later: 'Life is miraculous. Nothing is impossible. You can do anything you want'
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A trio of daily mail articles for the enlightened female reader
http://t.co/KInT5v1
http://t.co/oQtNLv5
http://t.co/O6xFOy8
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POTUS responds to our story that Pfizer raised price of 100 drugs... original article here
Pfizer & others should be ashamed that they have raised drug prices for no reason. They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!
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Celgene hunting for deals to offset loss of Revlimid patents, weighing offers for Agios and Jounce, per advisers (with
@JFK_America
) $CELG $AGIO $JNCE
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Pfizer’s Ian Read has a tendency to underestimate political risk:
2018 - drug prices / Trump
2016 - Allergan tax inversion / Obama
2014 - AstraZeneca deal / UK gov’t
$PFE
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Valeant move to accuse ex-CFO of "improper conduct" was result of tussle with auditor $VRX
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OH in a bar, this joke:
Jeff Bezos: "Alexa, buy me something from Wholefoods"
Alexa: "Buying Wholefoods"
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Valeant call is disaster. CEO just slapped down CFO for saying '17 sales will be lower: "We're not trying to give '17 guidance" $vrx
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Merck signals it will be more cautious with combo trials after Incyte failure (needs single-agent activity for both drugs), but AstraZeneca says risk still worth taking.
#ASCO18
$MRK $AZN
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AbbVie's tax rate in 2018 is 9%; Amgen 14-15%; Pfizer 17%; Merck 19-20%. How's that "level playing field" going? $ABBV, $AMGN, $PFE, $MRK
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1/ A thread on Purdue / Sacklers / opioids. Have spent a while looking into them. More to come. But today we have two pieces out and
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That noise you can hear is the sound of pharma companies lawyering up for a fight over the covid patent waiver
Am reminded of the joke that pharmacos are really law firms with drug factories attached
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Remember that hepatitis drug Merck took a 60% price cut on so Trump could declare a huge win? Here's what the company has to say about it in its Q2 statement. $MRK 🤔
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Scoop Scramble to make Covid vaccines causes US drug shortages at Pfizer and others (by
@hannahkuchler
)
aka Law of defense production act and unintended consequences
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Martin Shkreli might be behind bars, but his spirit is alive and well
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Struggling to keep track of Trump's legal efforts to challenge the vote?
@kadhim
has this great lawsuit tracker on where and how the president is fighting the result
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Thanks to the small biz owners in MI, IL, GA, DE and MA for sharing their stories with
@JFK_America
and I for this magazine piece on the decline of Mom and Pops - very moving
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"A historic day for patients, medicine, and certainly for Spark," $ONCE CEO tells me. "First time someone has taken the information and knowledge of the human genome project and turned the code we uncovered into an active agent in medicine."
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Allergan has taken a lot of stick this year, but you have to hand it to Brent Saunders for offloading generics to Teva when he did. $AGN
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McKinsey has turned a network of alumni at governments and top companies into lucrative business. But is it losing its mystique? Excellent deep dive by
@Edgecliffe
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Purdue Pharma tried to profit from the opioid epidemic by buying an addiction treatment drugmaker (now known as Indivior). A 'you couldn't make it up' scoop w/
@hannahkuchler
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