Those Evil Drug Companies
Business Week reports:
On Oct. 8, Senator Al Franken (D-Minn.) introduced a bill proposing that drugmakers no longer be allowed to deduct marketing expenses from their taxes, as companies generally can. “This legislation will remove these benefits so pharmaceutical companies can focus on developing new drugs, not excessive marketing schemes,” Franken’s office said in a statement.
Developing new drugs is a great idea! Of course, that will requite money. Now where would that come from?
Posted by Eddy Elfenbein on November 6th, 2009 at 12:05 pm
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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I just saw a video on TikTok which said we have nothing to worry about with China. It said the CCP is terrific!
The Fed is regulatory, governmental etc. So it's a little different. But it's incredible to see years and years of effort to turn large corporations into vehicles for progressive priorities collapse so rapidly. Not clear that there's much to show for it.
"Two thirds of Berkshire’s market cap has been added in the past ten years."
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 
