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America is toppling the EU from its regulatory throne

The US has taken the lead in regulation, particularly in politically powerful industries such as technology, pharma, and finance. The FTC issued a policy statement criticising pharmaceutical middlemen for taking illegal bribes to keep prices high.

1 min read
  • The US has taken the lead in regulation, particularly in politically powerful industries like technology, pharma and finance.
  • Eli Lilly pledged to reduce its insulin list prices by 70% in response to Joe Biden's policy pressure.
  • The FTC issued a policy statement criticising pharmaceutical middlemen for taking illegal bribes and rebates to keep prices high.
  • At a high-profile competition conference in Brussels, US regulators were the rock stars.
  • The US is making policy based on how 'people participate in the economy as whole people' and pursing criminal as well as civil penalties for violators.
America is toppling the EU from its regulatory throne
Corporate rules are more likely to be handed down by Washington than Brussels these days
Financial TimesRana Foroohar

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