Press Releases

Pharma Giant AbbVie Brings in Billions While Opposing Biden Administration Program To Bring Down Costs For Consumers

Economic Security and Corporate Power
April 26, 2024

Today, pharmaceutical giant AbbVie reported $12.31 billion in revenue in Q1 2024 — all while remaining opposed to a Biden administration program designed to bring down drug prices for consumers. AbbVie CEO Richard Gonzalez has been a vocal critic of Medicare’s new negotiation authority, arguing that the ability to negotiate lower drug costs for pat

Press Releases

Watchdog: Trump-Advising Texas Tax Firm Suing FTC Over Non-Compete Rule Has Ties to 5th Circuit & U.S. Chamber

Economic Security and Corporate Power
April 25, 2024

Within two days of the Federal Trade Commission (FTC) finalizing its new rule banning noncompetes nationwide to open the door for up to $488 billion in increased worker earnings over the next decade, the agency is already facing lawsuits from right-wing special interests in two Texas federal courts that both fall under the jurisdiction of the conse

Press Releases

Pharma Giants Opposed to Cost-Lowering Biden Initiative Brag of Billions in Revenue

Economic Security and Corporate Power
April 25, 2024

Bristol Meyer Squibb, AstraZeneca, and Merck—three pharmaceutical giants suing to stop the Biden administration from lowering drug prices through the Inflation Reduction Act—posted $40.33 billion in combined Q1 2024 revenue today. Earlier this week government watchdog Accountable.US spotlighted excessive spending and lobbying by the pharmaceutical

Press Releases

Watchdog: Yet Again, U.S. Chamber Went Judge Shopping in Conservative 5th Circuit Territory to Keep Workers From Getting a Raise

Economic Security and Corporate Power
April 24, 2024

The corporate-funded U.S. Chamber of Commerce has officially sued the Federal Trade Commission (FTC) today over its new rule banning noncompetes nationwide which will safeguard the right of workers to seek better opportunities and open the door for up to $488 billion in increased worker earnings over the next decade, or an estimated $524 in earning

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