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Donald Trump

Report: U.S. may shield medical device makers from antitrust rules amid pandemic

May 22, 2020 By Sean Whooley

U.S. officials are reportedly set to invoke a law that would protect companies from antitrust regulations to keep medical supplies available during the COVID-19 pandemic. The Associated Press reported that the government began formal discussions with private industry representatives yesterday, the subject of those discussions centering around a five-year agreement that would ensure supplies of […]

Filed Under: Business/Financial News, Featured, Legal News, Regulatory/Compliance, Respiratory Tagged With: Defense Production Act, Donald Trump

Report: New Medtronic CEO challenges Trump on ‘reshoring’

May 22, 2020 By Nancy Crotti

New Medtronic (NYSE:MDT) CEO Geoff Martha openly disagreed yesterday with President Donald Trump’s mission to bring formerly U.S.-based companies back to this country, according to a report in the Irish Times. Medtronic, which maintains a U.S. headquarters in Fridley, Minn., bought Dublin-based Covidien for $50 billion in 2015 and moved its global headquarters to Ireland in […]

Filed Under: Business/Financial News, Featured, Wall Street Beat Tagged With: coronavirus, covid, Donald Trump, Medtronic, Medtronic buys Covidien

6 medtech execs join White House economic recovery group

April 15, 2020 By Nancy Crotti

Several medtech executives have been named to the White House task force designated by President Donald Trump to provide recommendations on how best to safely reopen the U.S. economy in the wake of the coronavirus  pandemic. The Great American Economic Revival healthcare industry group has 27 members, including: Mike Kauffman, CEO of Cardinal Health (NYSE:CAH). Brian […]

Filed Under: Business/Financial News Tagged With: 3m, Abbott, AdvaMed, coronavirus, COVID-19, Donald Trump, Johnson & Johnson, McKesson, Thermo Fisher Scientific

3M agrees with Trump to import an additional 166.5m respirators into U.S.

April 6, 2020 By Chris Newmarker

President Donald Trump and 3M (NYSE:MMM) today agreed that the manufacturing conglomerate will import an additional 166.5 million respirators from its China plant over the next three months. The imports will come on top of the 35 million N95 respirators per month that 3M is presently manufacturing in the United States. The deal — which Trump […]

Filed Under: Business/Financial News, Featured, Respiratory Tagged With: 3m, coronavirus, Donald Trump

Trump uses DPA to boost supplies to certain ventilator manufacturers

April 3, 2020 By Nancy Crotti

President Donald Trump yesterday invoked the Defense Production Act to reduce supply-chain problems for certain manufacturers to produce ventilators. In the executive order, the president gave the secretaries of the departments of Health & Human Services and Homeland Security the power to secure materials for General Electric (NYSE:GE), Hillrom (NYSE:HRC) , Medtronic (NYSE:MDT), ResMed (NYSE:RMD),  Philips (NYSE:PHG) and Vyaire Medical. Ventilator […]

Filed Under: Business/Financial News, Featured, Respiratory Tagged With: AdvaMed, coronavirus, COVID-19, Donald Trump, Ford Motor Company, General Electric, Hillrom, Medtronic, Philips, ResMed Inc., U.S. Department of Health and Human Services, U.S. Department of Homeland Security

FDA eases mask regulations, seeks to boost decontamination of used masks

April 3, 2020 By Nancy Crotti

The FDA yesterday further relaxed regulations on medical and surgical masks and face shields to ease shortages during the coronavirus pandemic, and invited companies that decontaminate masks to submit proposals for emergency authorizations. In a new guidance, the agency also gave its blessing to healthcare providers to use improvised masks during the public health emergency […]

Filed Under: 510(k), Business/Financial News, Featured, Food & Drug Administration (FDA), Regulatory/Compliance, Respiratory Tagged With: 3m, Battelle, Centers for Disease Control & Prevention (CDC), coronavirus, COVID-19, Donald Trump, FDA, National Institute for Occupational Safety and Health

Trump slams 3M over foreign respirator sales, invokes DPA

April 3, 2020 By Nancy Crotti

President Donald Trump last evening blasted 3M (NYSE:MMM) for selling some of its N95 masks to other countries, hours after invoking the Defense Production Act to prioritize orders from the Federal Emergency Management Agency. “We hit 3M hard today after we saw what they were doing with their masks,” Trump tweeted Thursday night. “‘P Act’ all […]

Filed Under: Business/Financial News, Featured, Respiratory, Wall Street Beat Tagged With: 3m, AdvaMed, coronavirus, COVID-19, Defense Production Act, Donald Trump

Trump orders GM to make ventilators

March 27, 2020 By Danielle Kirsh

After a deal between General Motors and Ventec Life Systems to produce 80,000 ventilators briefly appeared halted, President Trump yesterday ordered GM to proceed under the Defense Production Act. A New York Times report earlier on Friday said the Federal Emergency Management Agency had paused the $1 billion plan, saying it needed time to determine […]

Filed Under: Business/Financial News, Featured, Hospital Care, Respiratory Tagged With: coronavirus, COVID-19, Donald Trump, General Motors, Ventec Life Systems

Trump administration to use Defense Production Act for first time

March 24, 2020 By Chris Newmarker

The Trump administration will use the Defense Production Act to secure about 60,000 coronavirus test kits — and will insert DPA language into a contract for 500 million protective masks, according to media reports. FEMA chief Peter Gaynor broke the news on CNN today. He stressed that the administration still wants to be careful not […]

Filed Under: Business/Financial News, Featured, News Well, Regulatory/Compliance Tagged With: coronavirus, Donald Trump

Trump says mere threat of using Defense Production Act is enough to fight coronavirus

March 23, 2020 By Chris Newmarker

President Donald Trump may have signed an executive order last week that invoked the decades-old Defense Production Act, but so far he isn’t using it to boost needed medical supplies to combat the coronavirus pandemic. Trump argued during a press briefing yesterday that the mere threat of using the Korean-War-era law was enough to get […]

Filed Under: Business/Financial News, Featured, News Well, Regulatory/Compliance, Respiratory Tagged With: coronavirus, Donald Trump

7 ways the coronavirus is affecting medtech

March 20, 2020 By Chris Newmarker

Medtech companies face some tough times as the deadly coronavirus pandemic gains steam. But could this be the medical device industry’s Dunkirk, too? Just days ago, MassMEDIC president Brian Johnson made a call-out on LinkedIn for people to send ideas about how Massachusetts medical device companies could help fight COVID-19. He drew an analogy to […]

Filed Under: Business/Financial News, Featured, Food & Drug Administration (FDA), Regulatory/Compliance, Respiratory Tagged With: 3m, Abbott, Bayer, Becton Dickonson, Centers for Medicare and Medicaid Services (CMS), coronavirus, Donald Trump, FDA, Johnson & Johnson, MassMEDIC, Medtronic, Philips, ResMed Inc., Thermo Fisher Scientific

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