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Trump Tariffs & Ozempic Expansion | Afternoon Update | 11.26.24

Tue, 26 Nov 2024

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Developing stories you need to know just in time for your drive home. Get the facts first on Morning Wire.Shopify: Get a $1 per month trial at https://www.shopify.com/morningwire

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Chapter 1: What tariffs is Trump proposing and why?

20.874 - 31.023 Cabot Phillips

Donald Trump says he will make good on his campaign promise to impose sweeping tariffs on imports from China and other trading partners. Daily Wire senior editor Cabot Phillips has the details.

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Chapter 2: How will the new tariffs affect trade with China and Canada?

31.603 - 51.92 Donald Trump

Trump has long promised tariffs, and now he's getting set to impose them. The president-elect said one of his first acts in office will be to impose new tariffs on China, Canada, and Mexico. He plans to issue executive orders setting a 25% tariff on goods from Canada and Mexico— and a 10% tariff on Chinese imports aimed at curbing drug trafficking and illegal immigration.

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52.52 - 68.111 Donald Trump

In a statement on Truth Social, Trump said, "...this tariff will remain in effect until such time as drugs, in particular fentanyl, and all illegal aliens stop this invasion of our country. Both Mexico and Canada have the absolute right and power to easily solve this long-simmering problem.

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Chapter 3: What is the Biden administration's proposal for weight loss drugs?

68.551 - 74.656 Donald Trump

We hereby demand that they use this power, and until such time that they do, it is time for them to pay a very big price."

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75.376 - 85.794 Georgia Howe

The Biden administration today proposed the expansion of Medicare and Medicaid to cover weight loss drugs, including Ozempic and Wegovy. Daily Wire reporter Amanda Prestigiacomo reports.

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86.579 - 110.019 Unnamed Analyst

On Tuesday, the Biden administration made the proposal to expand Medicare and Medicaid coverage to include weight loss drugs, potentially benefiting 7.5 million Americans. Under current Medicare rules, weight loss drugs are not covered. Health officials say this plan would address obesity as a chronic disease and improve public health. The proposal could cost billions of dollars.

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110.8 - 132.886 Unnamed Analyst

Notably, these drugs have been shown to have dangerous side effects, including intestinal blockages, gallbladder damage, and gastroparesis. Thousands of lawsuits have already been filed against Novo Nordisk and Eli Lilly, the makers of those drugs. It'll be up to the incoming Trump administration to decide whether to implement the proposal or not. HHS Secretary nominee Robert F. Kennedy Jr.

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Chapter 4: What are the potential risks associated with Ozempic and Wegovy?

Chapter 5: How will the expansion of Medicare and Medicaid impact Americans?

86.579 - 110.019 Unnamed Analyst

On Tuesday, the Biden administration made the proposal to expand Medicare and Medicaid coverage to include weight loss drugs, potentially benefiting 7.5 million Americans. Under current Medicare rules, weight loss drugs are not covered. Health officials say this plan would address obesity as a chronic disease and improve public health. The proposal could cost billions of dollars.

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110.8 - 132.886 Unnamed Analyst

Notably, these drugs have been shown to have dangerous side effects, including intestinal blockages, gallbladder damage, and gastroparesis. Thousands of lawsuits have already been filed against Novo Nordisk and Eli Lilly, the makers of those drugs. It'll be up to the incoming Trump administration to decide whether to implement the proposal or not. HHS Secretary nominee Robert F. Kennedy Jr.

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133.066 - 137.707 Unnamed Analyst

is not a supporter of the weight loss drugs. He recently spoke out against their use.

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Chapter 6: What is the financial implication of weight loss drug coverage?

138.447 - 151.693 Amanda Prestigiacomo

We're spending $1,600 a month on this drug. There's a bill right now before Congress that will make it available to everybody who's overweight, which is 74% of the American population. That alone will cost $3 trillion a year.

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152.273 - 165.52 Amanda Prestigiacomo

If we spent about one fifth of that giving good food, three meals a day, to every man, woman, and child in our country, we could solve the obesity and diabetes epidemic overnight. A tiny fraction of the cost.

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166.56 - 183.845 Cabot Phillips

U.S. District Judge Tonya Chutkan has dismissed the 2020 election-related charges against Donald Trump after special counsel Jack Smith requested that the case be dropped. Chutkan ruled the case may be dismissed without prejudice, citing legal precedent that a sitting president cannot face federal indictment.

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184.305 - 190.787 Cabot Phillips

Trump called the charges empty and lawless and accused Democrats of wasting taxpayer money on politically motivated attacks.

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194.059 - 211.497 John Bickley

This episode is brought to you by ZBiotics. Take ZBiotics pre-alcohol before your first drink, enjoy your evening, and wake up ready for whatever tomorrow may bring. Head over to zbiotics.com slash wire to get 15% off your first order with code wire at checkout. That's Z-B-I-O-T-I-C-S dot com slash wire today.

213.7 - 229.761 Georgia Howe

Donald Trump plans to shake up the Justice Department as he prepares for his second term. According to the Washington Post, Trump intends to fire the team that worked with special counsel Jack Smith on federal cases against him, including career prosecutors usually shielded from political dismissal.

230.302 - 247.302 Georgia Howe

Sources close to Trump says he also wants to investigate alleged voter fraud in battleground states, that those plans remain less defined. Trump's spokeswoman defended his intentions, saying the Justice Department has been weaponized against Republicans and that Trump campaigned on ending such practices.

248.351 - 269.121 Cabot Phillips

Walmart is scaling back its diversity, equity, and inclusion initiatives amid pressure from conservative activist Robbie Starbuck. The company will phase out funding for its $100 million Center for Racial Equity, limit third-party sales of LGBTQ-themed children's items, and even stop using terms like DEI and Latinx in official communications.

269.641 - 281.667 Cabot Phillips

Walmart says the changes are part of ongoing efforts to foster inclusivity while adapting to evolving public sentiment. The move underscores the growing impact of anti-DEI campaigns against corporate policies.

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