U.S. President Joe Biden on February 10 said he expected inflation to start to ease during 2022 as supply chain logjams clear up, while saying his administration was already helping ease shortages, as new data showed the biggest jump in consumer prices in 40 years.

Americans are increasingly turning away from the coronavirus and focusing their attention elsewhere – especially toward rising consumer prices and other economic areas where Democrats are less trusted – Reuters/Ipsos polling shows, a shift that could favor Republicans in the 2022 midterm elections.

pharmaceuticals

President Joe Biden on Aug. 12 called on U.S. lawmakers to enact legislation aimed at lowering drug prices, including allowing Medicare to negotiate drug prices and imposing penalties on drugmakers that hike prices faster than inflation.