PBMs Mark Up Life-Saving Drugs by as Much as 7,736%, New FTC Report Reveals
January 14, 2025 — Following the Federal Trade Commission’s unanimous 5-0 vote to release the second part of its 6(b) investigation into consolidated pharmacy benefit managers — the drug middlemen that rake in profit at the expense of patients and independent pharmacists — the American Economic Liberties Project released the following statement.
Economic Liberties Board of Directors Names Nidhi Hegde Executive Director and Board Additions
January 14, 2025 — The American Economic Liberties Project’ Board of Directors today announced that Nidhi Hegde has been named permanent Executive Director of the organization. Additionally, Economic Liberties is pleased to announce that Zephyr Teachout and Todd Achilles will join as members of its Board.
Rethink Trade Celebrates Remediation Actions Won Through USMCA RRM Labor Rights Enforcement Case Against VDO, Mexican Subsidiary of a Michigan-based Firm Producing Doors and Blinds Sold Throughout the U.S.
January 13, 2025 — Rethink Trade welcomes the remediation actions announced by the U.S. Trade Representative (USTR) and the Department of Labor related to a U.S.-Mexico-Canada Agreement’s (USMCA) labor rights Rapid Response Mechanism (RRM) case against the Matamoros, Mexico glass manufacturer Vidrio Decorativo Occidental, S.A. de C.V. (VDO) . The RRM case was initiated in response to a petition revealing systematic violations of VDO workers rights to organize and bargain collectively filed on October 10, 2024 by the Sindicato Nacional Independiente de Trabajadores de Industrias y de Servicios Movimiento 20/32 (SNITIS), United Steelworkers and Rethink Trade.
Economic Liberties Files Amicus Brief in Ryan v. FTC Challenging Judicial Overreach in Defense of FTC’s Noncompete Rule
January 10, 2025 — The American Economic Liberties Project filed an amicus brief this week with the U.S. Court of Appeals for the Fifth Circuit in the ongoing case, Ryan, LLC v. Federal Trade Commission, defending the Federal Trade Commission’s Noncompete Clause rule and challenging the district court’s sweeping use of universal vacatur to resolve challenges to the Administrative Procedure Act (APA) — which causes enforcement of the rule to be enjoined nationally.
Pharmacy Benefit Managers Deploy Gibson Dunn in Brazen Intimidation Campaign to Obstruct FTC Investigation
January 9, 2025 — Large pharmacy benefit managers, led by their big law firm Gibson Dunn, are launching an intimidation campaign against the media, independent pharmacies, and advocacy groups.