Trump demands drug companies cut prices within 60 days

Aug. 1, 2025 | On The Money

INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines with Jane King, who has the latest on Open AI, the July jobs report, and a White House demand for drug companies to cut prices.

Trump wants drug companies to cut prices

President Trump is asking 17 drugmakers, including Pfizer, Merck, and Lilly, to cut U.S. drug prices within 60 days.

He has several proposals to do this, and one of them involves the drugmakers selling medicine directly to consumers or businesses.

Shoppers still flocking to amazon

Amazon says shoppers are still buying, even with uncertainty of tariffs.

However, the company also spooked investors who are eager to see Amazon’s hefty investments in artificial intelligence pay off.

The company has committed to spend up to $100 billion this year on ai as it races to build out infrastructure and software.

Amazon employs more than 26,000 full and part-time employees across 37 facilities in Indiana.

Conversations with ChatGPT made public

Open AI’s ChatGPT just removed a feature that would make your public conversations – searchable on google and other search engines.

TechCrunch says you used to be able to filter search results on Google, Bing, and other search engines to include URLs from the domain chatgpt.com/share, and on it, you could find strangers conversations with ChatGPT.

Hours after the tech blog reported on it, Open AI took the feature down, saying it was a “short-lived experiment” and that it created too many opportunities for people to accidentally share things they didn’t intend to.

July jobs reports expected this morning

The July jobs report is out Friday and analysts are expecting 115,000 jobs created, which would be lower than June’s creation of 147,000.

If payrolls come in lower than expected, that data could amp up the Federal Reserve to possibly cut rates in September.

Cinemark looks to shine up the silver screen

ScreenX is a premium film format that utilizes additional displays on the right and left walls of the auditorium, called wings, to create a 270-degree panoramic field of view.

Cinemark said said six of those new screens will be open in time for the openings of “Wicked: For Good” and “Avatar: Fire and Ash.”

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