Health
President Donald J. Trump Committed to Ending America’s Trust in Foreign Countries for Vital Supplies
PROTECTING SIGNS OF US SUPPLIES: The Trump administration is signing a Letter of Interest in support of an agreement that will help secure essential medicines manufactured in America.
- The Trump administration is signing a Letter of Interest backing an agreement to turn Kodak into a pharmaceutical company that could help produce essential medicines in the United States.
- When the deal is final, the CEO of the U.S. International Development Finance Corporation (DFC) will use his delegated authority of the Defense Production Act (DPA) to secure a $ 765 million loan to him. launched Kodak Pharmaceuticals, which will create at least 360 jobs.
- With this loan, the company can build the ability to produce essential medicines that have entered the chronic national shortage.
- Once fully operational, Kodak will be able to produce 25% of the generic pharmaceutical active ingredients needed for all non-biological and non-antibacterial pharmaceuticals used in the United States.
- Kodak will work with the Administration and manufacturers of drug products to identify the products that are most needed to meet national security requirements.
INVESTMENT IN CRITICAL INDUSTRY: President Trump has taken bold action to ensure that Americans are no longer trusted in foreign countries for critical, generic drugs.
- President Trump is working to ensure that America produces the critical goods needed to fight COVID-19 here at home.
- Thanks to the actions of President Trumps, the CEO of DFCformally Overseas Private Investment Corporations is now using the DPA’s lending authority delegated by the President to invest in America in addition to its overseas work.
- DFC is working with the private sector to address the critical issues facing our Nation, particularly the question of how we can bring pharmaceutical products back to the United States.
- Only a handful of generic pharmaceutical ingredients are actually produced in the United States, and most come from India and China.
- American support in foreign countries for critical, generic medicines is not sustainable and leaves the American people extremely vulnerable.
- President Trump’s actions reflect his commitment to ending America’s dangerous reliance on foreign countries for life-saving drugs.
READING THE PRIVATE SECTOR: President Trump has used the power of the private sector to fight COVID-19 and provide the Americans with the resources they need.
- President Trump has effectively influenced the DPA to mobilize the private sector and provide massive amounts of personal protective equipment and ventilators.
- The administration has undertaken 33 DPA actions totaling nearly $ 3.2 billion to provide critical support for essential medical resources and our industrial defense base.
- The president has used the DPA to contract with companies such as General Electric, Honeywell, Puritan, and 3M to increase production of fans, swabs and masks.
- The Trump administration is partnering with the private sector to accelerate vaccines and therapeutic research as it prepares for mass production of a safe, effective vaccine.
What Are The Main Benefits Of Comparing Car Insurance Quotes Online
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