Trump signs the Most Favored Nation Status for the United States, which means Americans will now get the same prices as other wealthy nations. This is a big step in the right direction, and I think it will have a big impact.
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00:02:07.000Great to see you and good to be with you.
00:02:09.000So, politicians have been talking about this for a long time.
00:02:12.000And this is one of those common sense things that nobody has been willing to actually do.
00:02:17.000And this is what I love about President Trump.
00:02:19.000Here you have Americans paying 10, 12, or 15 times more for the same medication that Germans or British folks or people in France are getting.
00:02:32.000And nobody has said, stop, wait a minute, what's going on here?
00:02:35.000By the way, sometimes these are American companies that are price-gouging Americans as other wealthy nations get these sweetheart low prices.
00:02:44.000So the president has basically said, no longer.
00:02:47.000And he's not saying it as a, you know, looking for small incremental changes.
00:02:53.000He wants dramatic changes to create a level playing field.
00:02:57.000He wants to make sure Americans can get the same most favored nation status price that these other countries are getting.
00:03:04.000And I think you're going to see a real change in the price of these medications when you pick them up at the pharmacy and in the medical bill.
00:03:14.000Meaningful changes that are going to be pretty massive.
00:03:17.000So talk about what is most favored nation status.
00:03:36.000So most favored nation status is a declaration that Americans deserve the best price of a medication that is sold to wealthy countries, what we call OECD countries.
00:03:50.000So we're not saying we need the price that Ethiopia has or other poor countries.
00:04:31.000They're going to create a level playing field because we are asking them to, and we're doing it in a kind way, but we are also letting them know that we have the full regulatory authority of Medicare, of the Federal Trade Commission.
00:04:44.000Of the trade representative of the Department of Justice to ensure no monopoly pricing.
00:04:50.000And even at FDA, we have good relationships with pharma, and we also have some carrots and sticks.
00:04:55.000So you're seeing an incredible coordinated effort come around now to try to bring this, to bring it home, and to actually make it happen.
00:05:04.000This is something politicians have talked about, but no one's made it happen.
00:05:07.000They've probably been worried about the pharma lobby, which is a massive lobby in Washington, D.C. I actually think...
00:05:14.000When we see lower prices for Americans, you're going to see more access for lower income and minority communities.
00:05:22.000They have had a tough time paying high prices in the healthcare system across the board.
00:05:28.000Hospital bills, doctor's bills, drug prices.
00:05:32.000So we're actually going to see more access, not less, as some may argue, when they say that...
00:05:38.000You know, R&D is going to take a hit from this.
00:05:41.000That's going to mean less drugs available.
00:05:43.000I think you're going to see more availability.
00:05:45.000Yeah, so that has been the response I've received just by text messages, friends, donors to Turning Point.
00:05:50.000Oh, my goodness, this is going to bankrupt the pharmaceutical incentive model.
00:05:54.000But I think, first of all, their profits are at all-time highs.
00:05:59.000And again, it's amazing to me that Joe Biden didn't do this.
00:06:19.000As a matter of fact, in his second term, he talked about it a lot.
00:06:22.000But all of them came short of actually doing it, because it takes a bold move where you're willing to go up against massive special interests and lobbyists to get this done.
00:06:33.000But it's also something that sort of pulls very low among the lobbyist community, but pulls very high on Main Street among everyday Americans.
00:06:43.000So I think you're going to see some really amazing activity on this, and I'm excited to be a part of it.
00:06:48.000Yeah, and so let's go deeper into that.
00:06:50.000I mean, so many Americans have to go into medical debt and have to compromise their lifestyle for necessary drug medications.
00:06:57.000I'm sure that you have a lot of data to support that.
00:07:01.000There's a debate now of how much money people actually save.
00:07:04.000What estimates do you say that the average American can now save on their prescription drugs?
00:07:11.000Well, we're going to say we're going to work hard at this.
00:07:13.000There's a lot of things we can do at FDA.
00:09:22.000Early-onset Alzheimer's has gone up threefold.
00:09:26.000In recent decades, that's not explained by an expanding early population.
00:09:30.000Kids are not overweight and have diabetes and prediabetes because of a willpower problem.
00:09:37.000This is something adults have done to children.
00:09:39.000And the F in FDA stands for food, which is why we're looking not just at removing all petroleum-based food dyes, as we announced two weeks ago.
00:09:47.000We're looking at all chemical ingredients in the U.S. food supply that are banned in other countries that have concerning health issues.
00:12:25.000Look, I'd love to see the evidence to show that giving young, healthy children another COVID shot, you know, a sixth COVID booster, would help them.
00:13:01.000There's no good randomized control data that the current version, the latest formulation of the COVID shot is necessary for young, healthy children.
00:13:11.000Other countries have already recommended against it.
00:13:14.000Other leading countries in Europe have recommended against it for young, healthy children.
00:13:19.000So I think you're going to see a look at this and you're going to hear something forthcoming.
00:13:25.000And as you know, the significance also is once you are on the childhood vaccination schedule, with it becomes other immunity protections.
00:13:32.000So there's other kind of very sinister elements associated, the liability protections.
00:13:38.000So, Mr. Commissioner, what I love about your approach is that the FDA sometimes only focuses on the D and not the F. It seems as if all the focus is on the drugs and not the food.
00:13:49.000One of the, let's just say, charter mission statements of my life and of this program is that the thing you do the most is the stuff you eat, so you should be eating good stuff, not bad stuff.
00:13:59.000Are you thinking of blowing up the food pyramid?
00:14:04.000I know that this might have a whole committee associated with it, but how we ever got to the place where we think that carbohydrates like gluten and wheat and rice are better for you than healthy fats and meat.
00:14:16.000The entire food pyramid, honestly, is I think largely propaganda by some of our food companies.
00:14:22.000I know that's another tough issue to tackle, but talk about the F in the FDA, please.
00:14:28.000Well, I think at minimum it's propaganda.
00:14:31.000It's probably one of the greatest pieces of misinformation put out by the United States government on health is that food pyramid.
00:14:37.000It was not about what's good for your health.
00:14:40.000It was about what companies wanted you to buy.
00:14:43.000And so that has done a tremendous amount of damage in all seriousness.
00:14:47.000You have kids now that are growing up sick because of that food pyramid.
00:14:52.000You have companies that got rich because of that food pyramid.
00:15:43.000People have got to be eating whole foods, natural foods, things that appear in nature.
00:15:48.000And we have turned a blind eye to that as a government until now.
00:15:52.000The final one, Doctor, and I know this is another toughie, just something to think about, is one of the reasons why the pharmaceutical companies are able to basically put forward a pill for every ill is the fact that they're able to dominate our news networks.
00:16:07.000I know you talked about this during COVID, and they're able to buy so much.
00:16:25.000The Secretary and the President have asked us to look at that because people may not be getting a fair representation of what these drugs do and their side effects.
00:16:33.000You're not always dancing and singing every time you take one of these medications.
00:16:38.000I mean, sometimes you watch these commercials nonstop and you think, okay, I give up.
00:18:53.000But the thing that stuck with me is he asked you about why you quit drinking, and you said, I want to be more successful, or I want to be successful.
00:18:59.000I wanted to be more successful, right?
00:19:12.000Well, I think as a business owner and a father, even if you didn't drink all week and then Friday night you had a few, I would wake up Saturday morning and just be tired and not engaged with my kids as much as I wanted to.
00:21:57.000If they come to me and they want to ask questions or whatever, but I have found a lot of people around me have slowed down just because they have seen what it's done for me.
00:22:06.000And I haven't pushed it, but I think it's becoming more of the norm.
00:24:02.000When President Trump got elected, people didn't know what was happening in the markets.
00:24:07.000I think everyone just paused for a few months.
00:24:11.000And then once he moved forward with his agenda, which the big agenda would be the tariff conversation, I think a lot of the money didn't know what was going to happen.
00:24:22.000And so we just had this real flight to safety.
00:24:26.000Coupled with the fact that the last quarter, I don't know if you remember, but...
00:24:29.000When we were talking about gold last year, which was already running, the U.S. retail market was late to the game.
00:25:38.000Gold hadn't moved up as much as some of the other things that had gone up with inflation.
00:25:42.000I mean, we all saw all the inflationary numbers over the last two years of electricity costs and everything that had gone up pretty substantially, but gold hadn't moved.
00:25:51.000But yeah, I think it was a testament to gold that...
00:25:54.000Investors that were typically gun-shy were diving into gold.
00:25:58.000And the U.S. sentiment right now, they just came out with a report, 25% of Americans feel more confident about gold than they feel about the dollar and they feel even about equities.
00:26:08.000But less than 10% of Americans actually own physical gold, so they don't all own it, but they feel pretty good about it.
00:26:15.000Consumer sentiment, I think, is really telling.
00:26:17.000When I started the business 16 years ago, I think it was less than 3% or 4% that was interested in gold.
00:26:22.000So if, again, we don't do investment advice here.
00:28:26.000So I think if you're looking at where things are right now, and silver still hasn't made that big move, And it has so many industrial uses.
00:28:35.000I really think silver is going to be interesting.
00:28:37.000So talk about the incoming of phone calls you're receiving and then the trends that you are processing.
00:29:21.000Basically what happened was that people started calling their contracts right before the tariffs were kicking in, and the London Bullion Exchange didn't have enough gold.
00:29:28.000And so people were like, well, I have a contract.
00:29:33.000And what was happening is that people were wanting to get their gold and ship to the U.S. And so the blended bullion exchange is like, sorry, we don't have it.
00:29:49.000So I think what's happened this year, which has been interesting, is that people have been selling their gold stock and then just buying the real thing.
00:30:21.000I mean, we're talking about big institutions at the exchange that wanted it, and they were being told, like, we'll have it in four to six weeks.
00:30:28.000And it's like, well, you're supposed to have it there all the time.
00:30:32.000You're not supposed to have it there part-time.
00:30:34.000Yeah, it's kind of like the Seinfeld episode where Jerry goes to get the rental car.
00:31:28.000What does a mechanic and auto shop owner in Georgia, a taco restaurant operator in Arizona, and a life-saving medical innovator in Tennessee have in common?
00:31:37.000They're all small business owners and they're all thriving on TikTok.
00:31:40.000Across the U.S., over 7.5 million businesses, from family-owned shops to entrepreneurs, are using TikTok to compete and grow.
00:31:47.000We use TikTok all the time on The Charlie Kirk Show.
00:31:49.000In fact, 74% of businesses on TikTok say TikTok has allowed them to scale their operations, increasing sales, and expanding to new locations.
00:36:28.000And you need to work for six and have a whole day for family, for God, to disconnect.
00:36:33.000And I make an argument that you actually get more done in six days if you take one day of rest than if you were to work all seven straight.
00:37:08.000And I think what happens is you go to a lot of websites and you see they have so many different coins and bars.
00:37:12.000And anytime you make a special coin or special bar, either the company is going to try to make a huge amount or it just costs more or whatever it's going to be.
00:37:19.000But at the end of the day, all those modern day ones, they're not worth anything different.
00:37:24.000Listen, if you get an old shipwreck coin, I remember I brought it.
00:37:47.000Let's say you bought in gold a year or two ago, and then you try to go back to that place, and they don't want to buy it back, or they won't give you a great price.
00:37:56.000The beauty behind us, because we only sell 10 to 12 different products, I'm happy to buy it back because I'm going to sell it to somebody else.