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White House says deals struck to cut prices of popular Medicare drugs that cost $50 billion yearly

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White House says deals struck to cut prices of popular Medicare drugs that cost  billion yearly

WASHINGTON (AP) — The Biden administration is taking a victory lap after federal officials inked deals with drug companies to lower the price for 10 of Medicare’s most popular and costliest drugs, but shared few immediate details about the new price older Americans will pay when they fill those prescriptions.

White House officials said Wednesday night they expect U.S. taxpayers to save $6 billion on the new prices, while older Americans could save roughly $1.5 billion on their medications. Those projections, however, were based on dated estimates and the administration shared no details as to how they arrived at the figures.

Nonetheless, the newly negotiated prices — still elusive to the public as of early Thursday morning — will impact the price of drugs used by millions of older Americans to help manage diabetes, blood cancers and prevent heart failure or blood clots.

The drugs include the blood thinners Xarelto and Eliquis and diabetes drugs Jardiance and Januvia. Medicare spent $50 billion covering the drugs last year.

It’s a landmark deal for the Medicare program, which provides health care coverage for more than 67 million older and disabled Americans. For decades, the federal government had been barred from bartering with pharmaceutical companies over the price of their drugs, even though it’s a routine process for private insurers.

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“This meant that drug companies could basically charge whatever they want for life-saving treatments people rely on, and all Americans paid the price,” White House adviser Neera Tanden told reporters in a Wednesday night call.

The drug deals will become a focal point for Vice President Kamala Harris’ presidential campaign, especially since she cast the tie-breaking vote to pass the law. She will join President Joe Biden Thursday to announce the drug prices, their first joint speaking appearance since she replaced him at the top of the Democratic ticket, as they both struggle to convince voters that costs will trend down after years of above-normal inflation.

The pair last appeared publicly together to welcome back to the U.S. Americans detained in Russia who were freed as part of a massive prisoner swap earlier this month.

Powerful pharmaceutical companies unsuccessfully tried to file lawsuits to stop the negotiations, which became law in 2022, when a Democratic-controlled Congress passed the Inflation Reduction Act, overhauling several Medicare prescription drug regulations. But executives of those companies have also hinted in recent weeks during earnings calls that they don’t expect the negotiations to impact their bottom line.

The Centers for Medicare and Medicaid Services, which oversaw the dealmaking, is expected to release the final drug prices later Thursday. The new prices won’t go into effect until 2026. Next year, the Department of Health and Human Services can select another 15 drugs for price negotiations.

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Before the drug prices were finalized, the Congressional Budget Office estimated the negotiations could save the federal government $25 billion in 2031.

The official event comes a day before Harris is set to unveil part of her economic agenda on Friday in North Carolina, where she was aiming to roll out other ways she plans to help cut costs and boost incomes for the middle class.

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China Box Office: ‘Dear You’ Leads Again as ‘Masters of the Universe’ Debuts

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China Box Office: ‘Dear You’ Leads Again as ‘Masters of the Universe’ Debuts

Jinant Film & TV’s unstoppable family drama “Dear You” comfortably dominated the China box office during the June 5–7 weekend, securing RMB115.3 million ($17 million), according to data from Artisan Gateway.

Directed by Lan Hongchun and starring Li Sitong and Wang Yantong, the low-budget cultural juggernaut has reached a cumulative total of $238.5 million. The story details Grandma Ye Shurou from Chaoshan, whose quiet twilight years are broken when her debt-ridden grandson journeys to Thailand to track down his rumored billionaire grandfather. The investigation unravels a hidden love affair spanning 50 years, showing that the person Grandma had been writing to via the traditional “Qiaopi” mailing method was a complete stranger.

Zhonghe Qiancheng’s crime thriller “Vanishing Point” held firm in the runner-up position, pulling in $2.5 million to stretch its cumulative bank to $75.6 million. Directed by Cheng Wei-hao and starring Zheng Kai and Liu Haocun, the film is adapted from Bei Baokang’s novel “Sea Anemone.” The narrative traces the dark, interlocking secrets exposed within an old apartment block after a young boy vanishes on the winter solstice.

Disney’s “Star Wars” spinoff “The Mandalorian and Grogu” was in third place, adding $1.4 million for a cumulative total of $12.1 million. Debuting in fourth place, Amazon MGM Studios’ fantasy action vehicle “Masters of the Universe” picked up $1.2 million in its opening framework.

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Rounding out the top five, StudioCanal’s tense World War II historical drama “Pressure” opened with $1.1 million over its two-day weekend frame, bringing its total to $1.2 million including early previews.

Mainland China’s overall weekend grosses reached $27.8 million, while the 2026 year-to-date revenue stands at $2.36 billion, down 42.3% from the same period in 2025.

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Hezbollah’s secret ‘kill, wound and maim’ bomb network exposed as Israel strikes Beirut

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Hezbollah’s secret ‘kill, wound and maim’ bomb network exposed as Israel strikes Beirut

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Israel launched retaliatory airstrikes on sites it described as Hezbollah command centers in Beirut’s southern suburbs Sunday, hours after Israeli officials said Hezbollah fired rockets into northern Israel. Hezbollah did not immediately claim responsibility.

The escalation came days after the U.S., Israel and Lebanon announced a renewed conditional ceasefire framework requiring Hezbollah to halt fire and withdraw from parts of southern Lebanon. It also followed the release of IDF footage that Israel said showed troops dismantling a Hezbollah explosives facility, where an outside expert said components appeared consistent with anti-personnel shrapnel devices designed to wound or kill people on foot.

The strikes mark a major cross-border escalation days after the U.S., Israel and Lebanon announced a renewed conditional ceasefire framework requiring Hezbollah to halt fire and withdraw from parts of southern Lebanon.

Israeli Prime Minister Benjamin Netanyahu’s office announced the military action was direct retaliation for the group’s violation earlier in the day.

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HEZBOLLAH FIRES BARRAGE OF ROCKETS INTO ISRAEL AFTER IDF TARGETS HEZBOLLAH COMMAND CENTERS IN BEIRUT

An explosion erupts from a building following an Israeli strike in central Beirut, Lebanon, on March 18, 2026. (Hussein Malla/AP Photo)

Concurrently, footage released by the Israel Defense Forces (IDF) showed troops locating and dismantling a hidden, booby-trapped explosives warehouse.

The multipurpose assembly hub appeared to contain materials that could be used in makeshift shrapnel and propane tanks to create a distributed, lethal network.

Nick Reese, an adjunct professor at NYU’s Center for Global Affairs and a former U.S. national security adviser, told Fox News Digital that the captured weapons cache suggests a deliberate emphasis on personnel casualties, which could be military or civilian targets.

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“Given the current situation, they probably targeted more military personnel. Shrapnel bombs are intended to hurt and kill people on foot,” Reese said.

“The video cuts between the IDF entering the building and showing the contents. It’s at this moment that they probably cleared any booby traps,” Reese added. “It would be standard practice to look for and disable any booby traps in a facility like this before going inside and before filming anything.”

“It’s possible the booby traps could be using shrapnel methods, but I can’t see evidence of that in the video. It shows what appears to be a shrapnel bomb, but it is not hidden so likely not a booby trap unless the IDF disarmed it off camera,” he said.

HEZBOLLAH ‘HUMAN SHIELD’ STRATEGY BEHIND LEBANON AMBUSH, BOMB DETONATION – MACRON DRAWN IN

Hezbollah worked to build facilities below private residential buildings and houses. (Benoît Durand / Hans Lucas / AFP via Getty Images)

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Among the items found in the raid was a container filled with nails and other sharp objects, which Reese noted are specific indicators of anti-personnel targeting.

“This video shows what appears to be a container with nails or other sharp implements in it,” Reese noted. “This is likely for creating shrapnel bombs intended to kill, wound, and maim targets.”

“Such devices are both effective and cause significant fear among the population, which was likely the intent,” Reese continued. “The method is not particularly sophisticated but shows that they were targeting humans, not simply hardware or infrastructure.”

“Making shrapnel bombs also tends to be cheap, easily concealed, and effective, especially against personnel. These types of bombs would likely have been in significant use.”

“The video shows a variety of materials that could have been used to create bombs, from makeshift shrapnel to what appears to be a propane tank,” Reese explained.

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“These components would be used for very different purposes, so the location seems to have been a central general-purpose explosives-making facility.”

“Propane tanks would be used for larger targets like tanks or buildings, while shrapnel would be used against infantry or in public places,” Reese said.

US, ISRAEL ANNOUNCE TARGETED KILLINGS OF TERROR LEADERS IN SYRIA AND LEBANON

Smoke billows over Beirut’s southern suburbs following reported strikes amid escalating conflict involving Hezbollah and Israel, as seen from Baabda, Lebanon, on March 6, 2026. (Mohamed Azakir/Reuters)

The dismantling of the factory follows a high-profile decapitation strike against the leadership running these hidden networks.

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The IDF announced Friday that an airstrike in Lebanon killed Hezbollah’s chief explosives engineer, Abed Harb, the commander of Hezbollah’s engineering unit, after he “attempted to harm” Israeli soldiers.

The military said Harb was a veteran commander responsible for “numerous attacks against IDF soldiers” over the decades.

When considering the expertise required to manage such operations, Reese observed: “Over a 20-year career, this is difficult to say. Given Iran’s well-known funding and support to Hezbollah and its experience fighting the Israelis in multiple conflicts, he likely had a mix of internal and external training combined with combat experience.”

“Harb was targeted as part of an effort to disrupt Hezbollah’s war-making infrastructure and limit its ability to continue to plan and execute large bombing operations against the IDF and civilian targets.”

“The loss of Abed Harb by Hezbollah is not just a loss of leadership but of institutional knowledge,” Reese added.

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“His two decades of battlefield experience were significant to Hezbollah not only because of his bomb-making abilities but because of how he understood the IDF, Hezbollah, and the junior ranks.

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“As a member of Hezbollah since 2006, Harb likely had significant skills in making and disguising bombs over a 20-year career, which will be a blow to Hezbollah’s operational capabilities and infrastructure,” Reese said.

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Peru’s Sanchez visits jailed ex-president as votes are counted

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Peru’s Sanchez visits jailed ex-president as votes are counted
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Peruvian presidential candidate Roberto Sanchez visited jailed former president Pedro Castillo as officials counted ballots from the closely contested runoff election against conservative rival Keiko Fujimori.

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