Labor is set to introduce legislation capping prescription costs on the Pharmaceutical Benefits Scheme at $25 from 2026, following discussions with women affected by endometriosis, highlighting the financial strain of chronic conditions. Prime Minister Albanese and Health Minister Butler defended health policies amid criticism of rising out-of-pocket costs, emphasizing their commitment to improving Medicare access.
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Trump deciding trade deals by August 1: Lutnick
US President Donald Trump plans to finalize trade deal decisions this week, with ongoing negotiations with China and the EU, including tariffs and digital services regulations. Notably, pharmaceuticals will be part of the EU deal's 15% tariff, while South Africa seeks to negotiate a trade agreement before a 30% tariff on its exports takes effect. Want More Context? 🔎
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