Pfizer CEO: ‘The Extreme Left’ Has ‘Ideological Dominance’ Over the Democratic Party and They ‘Hate Businesses’

QUICK Healthcare is front ░░░░░░░░ center and this is ░░░░░░░░ arena where we re ░░░░░░░░ entirely sure what President ░░░░░░░░ incoming President Trump thinks ░░░░░░░░ some of these things ░░░░░░░░ has broken with some ░░░░░░░░ the traditional Republican ways ░░░░░░░░ looking at things He ░░░░░░░░ got people like Bernie ░░░░░░░░ Senator Sanders who is ░░░░░░░░ to work with him ░░░░░░░░ some of the issues ░░░░░░░░ he has brought up ░░░░░░░░ this point But what ░░░░░░░░ you think we can ░░░░░░░░ from this second Trump ░░░░░░░░ BOURLA I think radical ░░░░░░░░ but with change always ░░░░░░░░ comes risks and opportunities ░░░░░░░░ believe that the opportunities ░░░░░░░░ outweigh the risks I ░░░░░░░░ way more opportunity to ░░░░░░░░ things much better than ░░░░░░░░ But the point is ░░░░░░░░ to speculate if risks ░░░░░░░░ opportunities will prevail it ░░░░░░░░ what you do to ░░░░░░░░ sure that you influence ░░░░░░░░ to the direction that ░░░░░░░░ is pro innovation and ░░░░░░░░ patients and that s ░░░░░░░░ we do QUICK So ░░░░░░░░ are the opportunities What ░░░░░░░░ the biggest opportunities here ░░░░░░░░ I think in general ░░░░░░░░ better business climate and ░░░░░░░░ better business atmosphere will ░░░░░░░░ an environment that all ░░░░░░░░ will thrive including us ░░░░░░░░ current administration has a ░░░░░░░░ deep the incoming President ░░░░░░░░ s administration has a ░░░░░░░░ belief that strong business ░░░░░░░░ private sector strong entrepreneurship ░░░░░░░░ America great There are ░░░░░░░░ members of the White ░░░░░░░░ now in the Biden ░░░░░░░░ and in the cabinet ░░░░░░░░ also believe the same ░░░░░░░░ those are the people ░░░░░░░░ we work hand in ░░░░░░░░ over the last four ░░░░░░░░ And I m very ░░░░░░░░ of the things that ░░░░░░░░ were able to accomplish ░░░░░░░░ But the truth is ░░░░░░░░ the influence is not ░░░░░░░░ them The influence it ░░░░░░░░ with the extreme left ░░░░░░░░ right now they have ░░░░░░░░ ideological dominance and they ░░░░░░░░ business They don t ░░░░░░░░ we need to support ░░░░░░░░ They hate it And ░░░░░░░░ s a very big ░░░░░░░░ QUICK What has it ░░░░░░░░ for your business BOURLA ░░░░░░░░ crosstalk QUICK Yeah BOURLA ░░░░░░░░ mean it was a ░░░░░░░░ situation QUICK The Inflation ░░░░░░░░ Act which allows the ░░░░░░░░ to negotiate with the ░░░░░░░░ companies And BOURLA No ░░░░░░░░ It puts them well ░░░░░░░░ wouldn t say negotiate ░░░░░░░░ them on the list ░░░░░░░░ price setting in some ░░░░░░░░ BOURLA Yeah They brought ░░░░░░░░ have a list price ░░░░░░░░ that it is without ░░░░░░░░ controls They have the ░░░░░░░░ to do whatever they ░░░░░░░░ And it is not ░░░░░░░░ that They have the ░░░░░░░░ called penalty for the ░░░░░░░░ The pill penalty Where ░░░░░░░░ large molecules are getting ░░░░░░░░ of 13 years and ░░░░░░░░ small molecules the pills ░░░░░░░░ getting only for 9 ░░░░░░░░ is driving behaviors I ░░░░░░░░ t know how they ░░░░░░░░ about it People companies ░░░░░░░░ not invest in small ░░░░░░░░ even if it is ░░░░░░░░ right way to fight ░░░░░░░░ disease Because they know ░░░░░░░░ it is only 9 ░░░░░░░░ compared to 13 if ░░░░░░░░ is large molecules Science ░░░░░░░░ pick the winners not ░░░░░░░░ policies QUICK So what ░░░░░░░░ with the IRA You ░░░░░░░░ spoken with incoming President ░░░░░░░░ Is he going to ░░░░░░░░ by those parts of ░░░░░░░░ IRA or will that ░░░░░░░░ stripped away BOURLA I ░░░░░░░░ t speak about his ░░░░░░░░ He s only one ░░░░░░░░ he can do that ░░░░░░░░ I know it is ░░░░░░░░ I explained the issues ░░░░░░░░ him and he understood ░░░░░░░░