USTR says they have commenced a Section 301 probe of Germany regarding pharmaceuticals, to determine whether persistent underpayment for innovative pharmaceutical products by Germany is unreasonable or discriminatory
Newsquawk Staff ·
- USTR will hold a hearing in connection with these investigations on September 22nd, 2026.
Potential means/tools that could follow
- supplemental discounts in exchange for confidentiality of negotiated prices; and
- mandatory variable rate rebates.
USTR Greer
- "I am particularly concerned with news that Germany is fast-tracking legislation that would further reduce its spending on innovative pharmaceuticals"
Sources
- Bristol-Myers Squibb (BMY) says Iza-Bren reduced the risk of progression or death by 59% in Phase 3 breast cancer study; median PFS 8.2 months vs 4.0 months for chemotherapy; cORR 40.5% vs 20.2%; mDOR 6.9 vs 4.2 months
- BASF (BAS GY) is reportedly set to increase its bid for Evonik (EVK GY) to around EUR 24/shr, Bloomberg reports citing sources
- Munich Re (MUV2 GY) Q3 2026 (EUR): Net Income 1.7bln (exp. 1.48bln); raises 2026 Net Profit Outlook to 6.6bln (prev. guided 6.3bln)
- IG Metall wants a conversation with Volkswagen (VOW3 GY) about job protection that extends into the 2030s; prepared to escalate conflict, including industrial actions
- Newsquawk Daily Asia-Pac Opening News - 23rd October 2026
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