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Donald Trump

AdvaMed describes tariffs pause as encouraging

April 9, 2025 By Chris Newmarker

Medtech trade group AdvaMed sounded positive today about President Donald Trump’s decision to pause some tariffs for 90 days. AdvaMed CEO CEO Scott Whitaker said in a statement: “We are encouraged by the President’s announcement of a 90-day pause on reciprocal tariffs. This is an important decision that restores some short-term certainty to global markets, […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: AdvaMed, Donald Trump, tariffs, Trump Administration

Medtech stocks sink in trade war

April 7, 2025 By Chris Newmarker

The past week has been tough on the stocks of major medtech companies, which, like many, are figuring out how to manage the Trump administration’s new global trade war. The S&P 500 briefly entered bear market territory today as it swung wildly in response to chaotic news reports about what the administration and other countries […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: Abbott, AdvaMed, Baxter, BD, Boston Scientific, Donald Trump, GE Healthcare, Intuitive, Johnson & Johnson, Johnson & Johnson MedTech, Medtronic, Stryker, Trump Administration, Zimmer Biomet

Some medtech stocks hit by tariff turmoil more than others

March 13, 2025 By Chris Newmarker

Among major medtech stocks, Intuitive Surgical, Boston Scientific and Stryker have had an especially rough week amid the Trump administration’s unpredictable tariff moves. On March 4, President Donald Trump followed through on a previous executive order by allowing 25% tariffs (taxes on imports) on Canada and Mexico to go into effect, also doubling taxes on […]

Filed Under: Business/Financial News, Featured, In-Depth Coverage, MassDevice Earnings Roundup, News Well, Special Content, Wall Street Beat Tagged With: Boston Scientific, Donald Trump, Intuitive, Intuitive Surgical, Stryker, supply chain, tariffs

FDA medtech regulators are among latest Trump layoffs

February 18, 2025 By Sean Whooley

The AP recently reported that the Trump administration’s latest federal cuts have a significant effect on medical device regulation at the FDA. According to the report, the administration fired recently hired FDA employees reviewing, among other things, medical devices. Probationary employees (those hired within 1-2 years) in the FDA received notice of job elimination on […]

Filed Under: Business/Financial News, Clinical Trials, Featured, Food & Drug Administration (FDA), Regulatory/Compliance Tagged With: Donald Trump, FDA, neuralink, Robert F. Kennedy Jr.

Supreme Court upholds Affordable Care Act again

June 17, 2021 By Nancy Crotti

The U.S. Supreme Court has turned back a third Republican challenge to the Affordable Care Act (ACA), this time by a 7-2 vote. The latest challenge to the law popularly known as Obamacare came from Texas and other states, backed by the administration of former President Donald Trump. The justices ruled that the challengers lacked legal standing […]

Filed Under: Featured, Legal News Tagged With: Affordable Care Act, Donald Trump, Obamacare, U.S. Supreme Court

Trump advisor urged PPE push, drug scale-up early in pandemic

March 31, 2021 By Nancy Crotti

A top advisor to former President Donald Trump urged his pandemic response team in February 2020 to respond swiftly to the spread of COVID-19, but told Trump that his recommendations had been largely ignored. Then-assistant to the president Peter Navarro wrote an impassioned memo to Trump on March 1, 2020, recommending that the federal government boost […]

Filed Under: Business/Financial News, Diagnostics, Distribution, Featured Tagged With: coronavirus, COVID-19, COVID-19 vaccine, Donald Trump, White House Coronavirus Task Force

Pandemic Emergency Manufacturing Act would supplement DPA

February 4, 2021 By Nancy Crotti

A rewritten pandemic manufacturing bill was introduced to both houses of Congress yesterday to enable the federal government to manufacture or contract with existing manufacturers to make products to fight COVID-19. The bill, introduced by Sen. Elizabeth Warren (D-Mass.) and Rep. Jan Schakowsky (D-Ill.), builds off the COVID-19 Emergency Manufacturing Act, introduced in 2020 to […]

Filed Under: Business/Financial News, Contract Manufacturing, Diagnostics, Featured, Pharmaceutical, Regulatory/Compliance Tagged With: coronavirus, COVID-19, Defense Production Act, Donald Trump, Joe Biden, personal protective equipment, vaccines

What’s next for the FDA and for Stephen Hahn?

January 13, 2021 By Nancy Crotti

Outgoing FDA commissioner Stephen Hahn says he needs some time to reflect on his future after leading the FDA for a little over a year. It’s hard to blame him. Hahn’s brief tenure at FA has been rocky, to say the least. Get the full story on our sister site, Medical Design & Outsourcing.

Filed Under: Featured, Food & Drug Administration (FDA), Regulatory/Compliance Tagged With: coronavirus, COVID-19, COVID-19 vaccine, Donald Trump, FDA, Stephen Hahn

Medtech takes a stand on D.C. rioting

January 7, 2021 By Nancy Crotti

The medtech industry has joined other business and industry groups in condemning Tuesday’s siege of the Capitol in Washington, D.C. by supporters of President Donald Trump. The National Manufacturers Association called for Vice President Mike Pence to invoke the 25th Amendment to remove President Donald Trump from office. The Business Roundtable tweeted a call for an end […]

Filed Under: Business/Financial News, Featured Tagged With: AdvaMed, B. Braun, becton dickinson, Donald Trump, Johnson & Johnson, Medical Device Manufacturers Association

Biden to bolster COVID-19 vaccine production with Defense Production Act

December 30, 2020 By Brian Buntz

Joe Biden is reportedly planning on invoking the Defense Production Act to shore up the production of COVID-19 vaccines in the U.S.  While FDA has authorized the distribution of vaccines from Moderna Moderna (NSDQ:MRNA) and Pfizer (NYSE:PFE) and its partner BioNTech (NSDQ:BNTX), distribution has been patchy thus far. Get the full story at our sister site, Pharmaceutical […]

Filed Under: Business/Financial News, Contract Manufacturing, Featured, Pharmaceutical Tagged With: coronavirus, COVID-19, COVID-19 vaccine, Defense Production Act, Donald Trump, Joe Biden

Guess who the pharma industry is supporting for president

October 21, 2020 By Brian Buntz

The pharma industry has put its weight behind Democratic presidential candidate Joe Biden, reversing a longstanding fundraising trend that has favored the GOP. Republican candidates have received 64% of pharma industry contributions since 1990, according to the Center for Responsive Politics’ Open Secrets. But the industry is shifting its support to Democrats in 2020. So far, donors with links […]

Filed Under: Featured, Pharmaceutical Tagged With: Donald Trump, Joe Biden

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