A White House official briefed pool on executive order to come later in the day on cybersecurity.
More from that will follow, but upshot is the president will make each cabinet official responsible for securing information and data in his or her agency, assign the Office of Management and Budget to look at broader government-wide security and prepare for an upgrade of federal systems, and that the United States will be committed to working to ensure networks it does not control including the Internet and the electrical system, are protected and that the government prepares for the possibility they are compromised.
Here's additional comments from the PhRMA event.
"We're going to get the approval process much faster."
POTUS said one thing that always troubled him was that a drug that could help a terminal patient could not be used because of the length of time for approval needed by the Food and Drug Administration.
POTUS said the government would be ending "foreign freeloading."
"Our trade policy will prioritize that foreign countries pay their fair share for U.S. manufactured drugs so our drug companies have greater financial resources to accelerate the development of new cures. And I think it's so important. Right now, it's very unfair what other countries are doing to us. And one thing really I want you to do: I've seen this over the years, but a lot of the companies have moved out, they don't make the drugs in our country any more. A lot of that has to do with regulation, a lot of it has to do with the fact that other countries take advantage of ous with their money and their money supply and devaluation. Because our country has been run so badly, we know nothing about devaluation. You loo at Japan. They play the money market, they play the devaluation market, while wew sit here like a bunch of dummies."
More TK, execs heading to stake out location now.