Drug Industry Is on Defensive as Power Shifts

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At www.nytimes.com

Pharmaceutical companies are gearing up to prevent Congress from letting the government negotiate lower drug prices for older Americans on Medicare. Bush will probably veto this, forcing republican sens owing to Big Pharma to back the veto-- making them more vulnerable in '08. Expect those running in close '08 races to abstain

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At www.nytimes.com



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