Trump Blasts Merck CEO After He Quits White House Panel Over Charlottesville Response
In a quick response to the announcement from Merck's chief Kenneth Frazier, the president tweeted that the decision would give Frazier “more time to LOWER RIPOFF DRUG PRICES!"
Stat:
7 Things To Know About The Pharma CEO Who Incurred Trump's Wrath
[Kenneth] Frazier, the CEO of drug giant Merck, announced that he was resigning from a council of business leaders advising Trump, citing “a responsibility to take a stand against violence and extremism” after Trump’s failure to denounce the actions of white nationalists in Charlottesville, Va., over the weekend. Within an hour, Trump personally rebuked him on Twitter, saying Frazier’s departure would give him “more time to LOWER RIPOFF DRUG PRICES!” And at the end of the day, in another tweet, Trump added another accusation: “taking jobs out of the U.S. Bring jobs back & LOWER PRICES!” (Robbins, 8/14)
The Washington Post:
Merck CEO Takes A Stand And Draws Trump’s Ire
It is unclear whether Trump’s tweet could portend negative repercussions for Merck or the pharmaceutical industry generally. Trump has repeatedly promised to bring down drug prices and has used harsh language to describe the industry, but has not taken any strong actions. (Johnson and McGregor, 8/14)
The Wall Street Journal:
Three CEOs Quit Trump Advisory Council After Charlottesville Violence
Drugmaker Merck issued a statement Monday morning on Twitter from Chairman and Chief Executive Kenneth Frazier, saying, “America’s leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy, which run counter to the American ideal that all people are created equal.” ... Almost an hour later, President Donald Trump posted on Twitter: “Now that Ken Frazier of Merck Pharma has resigned from President’s Manufacturing Council, he will have more time to LOWER RIPOFF DRUG PRICES!” (Loftus, 8/14)
The New York Times:
Under Armour And Intel C.E.O.s Follow Merck Chief, Quitting Panel In Rebuke To Trump
On Sunday, Mr. Frazier, the son of a janitor and grandson of a man born into slavery, watched news coverage of white nationalists clashing with counterprotesters in Charlottesville, and of Mr. Trump’s ambiguous response to the violence. That evening, he informed his board members that he was preparing to resign from Mr. Trump’s American Manufacturing Council, one of several advisory groups the president formed in an effort to forge alliances with big business. (Gelles and Thomas, 8/14)
POLITICO Pro:
Trump Gives Heartburn To American CEOs
[Kenneth] Frazier appeared at the White House on July 20 to celebrate a new jobs initiative, where the president hailed him as a “great, great business leader” and thanked Merck for investing in American jobs. But on Monday, the president blasted Frazier after the executive announced he was leaving a White House advisory council over Trump’s failure to condemn the hate groups that demonstrated in Charlottesville, Va. (Diamond, 8/14)
