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Bill Bennett jokes maybe Sanders’ tax returns reveal ‘he’s got $32T in there’ to cover the Medicare for All plan

As 2020 Democratic presidential candidate Bernie Sanders was about to unveil a new version of his “Medicare for All” plan Wednesday, Bill Bennett, former Education Secretary under President Ronald Regan, weighed in on the potential cost.

“As Ronald Reagan would say about Bernie Sanders view ‘there you go again,’ more movement to the left among the leaders of this Democrat party, runners for the presidential nomination,” said Bennett, a Fox News contributor, on “America’s Newsroom” Wednesday.

“Look, it’s a $32 trillion dollar bill at least. I don’t know if you made the connection but Bernie Sanders has not released his tax returns, maybe he’s got $32 trillion in there that can cover this but I kind of doubt it,” joked Bennett.

SANDERS SAYS HE'S A MILLIONAIRE, VOWS TAX DAY RELEASE OF HIS RETURNS

Sen. Sanders, I-Vt., who is expected to release his tax returns on Monday, is one of the most outspoken lawmakers in support of the policy and used “Medicare for All” as part of his platform in his 2016 presidential campaign. He is expected to use the updated version of the proposal for his 2020 run, shaking up the election by reopening the debate over his call to eliminate private health insurance.

BERNIE SANDERS UNVEILS MEDICARE FOR ALL PROPOSAL, SAYS ROLE OF HEALTH CARE INSURERS WOULD BE REDUCED TO 'NOSE JOBS'

The plan’s astronomical price tag is under fire from President Donald Trump and Republicans including Senate Majority Leader Mitch McConnell who slammed it as a far-left social experiment. On Tuesday McConnell, R-Ky., wrote on Twitter, “Democrats’ “Medicare for None” would slap a $32 trillion tab on Americans, and that’s just a rough estimate for the first decade. And competing private insurance policies -- like the ones that 180 million Americans currently use -- would be banned outright.”

Four of Sanders' fellow senators and rivals for the Democratic nomination, including Elizabeth Warren, D-Mass., and Kamala Harris, D-Calif., are set to sign on to the updated single-payer health care proposal.

“They’ll all follow him. He’s the Pied Piper and they will follow him and many of them have endorsed this idea,” said Bennett.

MCCONNELL BLASTS 'MEDICARE FOR ALL' AS 'FAR-LEFT SOCIAL EXPERIMENT'

Some candidates who back the plan tout it as one of several ways to achieve more affordable coverage and lower the number of uninsured.

“This idea has initial approval from the public, about 50% when they first hear about it. When they hear that they will lose their individual insurance plan it goes down in the 30s, when they hear what it will cost it goes down in the 20s,” said Bennett. “This is a nonstarter, this is something Donald Trump can use to great advantage in a campaign.”

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Those candidates who don't support “Medicare for All” are instead focusing on safeguarding popular provisions of the Affordable Care Act, such as the one that protects coverage for those with pre-existing conditions.

The Associated Press contributed to this report.

Source: Fox News Politics

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Fox News Exclusive: Trump doesn’t think Biden will be able to ‘do the job’

Good morning and welcome to Fox News First. Here's a look at what you need to know today ...

EXCLUSIVE: Trump says 'Sleepy Joe' Biden doesn't have what it takes


President Trump, in a wide-ranging, exclusive phone interview with Fox News' Sean Hannity, dismissed the launch of former Vice President Joe Biden's presidential campaign, nicknaming him "Sleepy Joe" and saying he’s "not the brightest bulb." Biden, the president said, has name recognition but he won't "be able to do the job." When asked about Sen. Bernie Sanders, I-Vt., Trump criticized his record, saying Sanders had "misguided energy" and asserted that Sanders "talks a lot" but hasn't accomplished anything. The president referred to former U.S. Rep. Beto O'Rourke of Texas as "a fluke" who had lost much momentum and outright dismissed Sen. Kamala Harris, D-Calif., and South Bend, Ind., Mayor Pete Buttigieg -- although he said he was "rooting" for Buttigieg. (Trump could address Biden and the other Democratic presidential candidates when he speaks today before the National Rifle Association.)

The Democratic Party's youth movement: Biden's biggest challenge?
Former Democratic National Committee (DNC) chair Howard Dean warned Joe Biden about the troubles he may face in his presidential campaign, especially from the “35-year-olds” who Dean says have been running the party -- a clear nod to Rep. Alexandria Ocasio-Cortez, D-N.Y., and fellow freshmen Democrats. “This is a very different party than even the party Joe Biden ran in in 2012. Very different,” Dean continued. “A lot of people could win this race. There’s 20 people in there. I think it’s going to take $20 million to get to the starting line. If you can’t raise $20 million, you’re gone, and I think that’s going to take care of about six or eight of these folks. ... But it is not the same party that it was five years ago.” A progressive political group that boosted Ocasio-Cortez's bid for Congress last year vowed to oppose Biden and blasted him as part of the “old guard.”

More tales from the FBI texts
Text messages between former FBI officials Peter Strzok and Lisa Page indicate they discussed using briefings to the Trump team after the 2016 election to identify people they could "develop for potential relationships," track lines of questioning and "assess" changes in "demeanor" – language one GOP lawmaker called “more evidence” of irregular conduct in the original Russia probe. Fox News has learned the texts, initially released in 2018 by a Senate committee, are under renewed scrutiny, with GOP Sen. Chuck Grassley and Homeland Security Committee chair Ron Johnson sending a letter Thursday night to Attorney General Bill Barr pushing for more information on the matter. President Trump, speaking on Fox News' "Hannity" Thursday night, responded to this report by accusing Strzok and Page of an attempted "coup." "They were trying to infiltrate the administration," he said.

Kim accuses US of acting in 'bad faith'
North Korean leader Kim Jong Un, fresh off his summit with  Russian President Vladimir Putin, said the U.S. has been acting in “bad faith” since his Hanoi meeting with President Trump over the stalemated issue of North Korean denuclearization. The North Korean leader told the Korean Central News Agency that, "the situation on the Korean Peninsula and the region is now at a standstill and has reached a critical point," the Straits Times of Singapore reported. Kim warned that the situation "may return to its original state as the U.S. took a unilateral attitude in bad faith at the recent second DPRK-US summit talks," the Korean Central News Agency added.

NFL Draft 2019: It's all about defense
The first round of the 2019 NFL Draft saw a run on defensive players, with eight of the top 12 picks in Nashville coming from that side of the ball. After Oklahoma quarterback Kyler Murray was taken first overall by the Arizona Cardinals, the San Francisco 49ers started a run of four straight front-seven players by taking Ohio State defensive end Nick Bosa with the second overall pick -- the highest draft slot for any Buckeye since left tackle Orlando Pace went No. 1 overall to the St. Louis Rams in 1997.

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TODAY'S MUST-READS
Fox News’ Ed Henry recalls spending time with Celtics great John Havlicek.
Massachusetts judge accused of helping illegal immigrant evade ICE pleads not guilty.
Rosenstein slams Obama administration for choosing ‘not to publicize full story’ of Russia hacking.
F.H. Buckley: What Democrats have forgotten about citizenship.

MINDING YOUR BUSINESS
Amazon crushes earnings expectations, but revenue growth slows.
Low-tax states among best places to make a living in 2019.
Construction job market booming: These states are hiring.

#TheFlashback
2018: Bill Cosby is convicted of drugging and molesting Temple University employee Andrea Constand at his suburban Philadelphia mansion in 2004; it is the first big celebrity trial of the #MeToo era.
1986: An explosion and fire at the Chernobyl nuclear power plant in Ukraine causes radioactive fallout to spew into the atmosphere. (Dozens of people are killed in the immediate aftermath of the disaster while the long-term death toll from radiation poisoning is believed to number in the thousands.)
1977: Notorious nightclub Studio 54 opens in New York.

SOME PARTING WORDS

Watch the "Special Report" panel take a look at former Vice President Joe Biden's decision to run for president a third time and the battle for the "soul" of America.

Not signed up yet for Fox News First? Click here to find out what you're missing.

CLICK HERE to find out what's on Fox News programming today and over the weekend!

Fox News First is compiled by Fox News' Bryan Robinson. Thank you for joining us! Have a good day and weekend! We'll see you in your inbox first thing Monday morning.

Source: Fox News National

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Coachella stagehand dies during setup, police say

A California man died Saturday while setting up one of the stages for next weekend’s Coachella Music Festival, police said.

Public Information Officer Benjamin Guitron with the Indio Police Department confirmed to Fox News that an unidentified male died Saturday in an “industrial accident” related to the setup of a stage arrangement for the famous music fest, which is set to take place over the weekends of April 12 and 19. The list of performers for this year's iteration of the fest includes Billie Eilish, Ariana Grande, Childish Gambino, Chvrches, Khalid, Gucci Gang, Zedd and Weezer, among many others.

KANYE WEST BRINGING HIS SUNDAY SERVICE TO COACHELLA ON EASTER

Police responded Saturday morning to a report that a stagehand at the Empire Polo Club in Riverside County, Calif., had gotten hurt while working on one of the stage setups. Medical personnel tended to the man on the scene, but he died as a result of his injuries.

Because of the circumstances of the man’s death, officials contacted the Occupational Safety and Health Administration (OSHA) which has taken the lead in the investigation.

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Details surrounding the man’s death remained unknown as of Saturday evening, but a TMZ report cited sources who said the man fell some 60 feet while scaling some scaffolding. He was reportedly attached to a safety harness, the website said.

An autopsy report will be conducted by the Riverside County Sheriff-Coroner’s Office. A victim ID awaits family notifications.

Source: Fox News National

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Sudanese protest organizers to announce interim council

Sudanese protest organizers say they will announce an interim ruling council they want to see take over from the military that ousted President Omar al-Bashir after months of street protests against him.

The Sudanese Professional Association, which has been behind the four months of protests against al-Bashir, released a statement on Friday saying they will announce the makeup of a "civilian presidential council" at a press conference in Khartoum on Sunday.

The Sudanese military ousted al-Bashir last week and set up a military council to run the country for a maximum of two years.

The protesters fear the army, dominated by al-Bashir appointees, will cling to power or select one of its own to succeed him.

The demonstrators are pressing on with their sit-in outside the military headquarters in Khartoum.

Source: Fox News World

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Video: Unhinged Leftist In Clown Makeup Melts Down Over Pepe the Frog

Video of a deranged leftist dolled up in clown makeup a la “Joker” ranting about Pepe the Frog has social media buzzing about the horrors of Trump Derangement Syndrome.

The sad clown woman, known as “Lil Lunchbox,” is seen unloading on 4chan users for putting clown makeup on the notorious Pepe the Frog meme, claiming it’s a new “racist” symbol for white supremacists.

“I’m ready to go to war. I’m ready to go to motherf*cking war. You’re not gonna take a symbol of happiness and acceptance and multiculturalism and turn it into something racist and antisemitic and homophobic and transphobic. You’re not gonna do that on my watch,” the woman says.

“So Pepe, he belongs to me now. That is a symbol of the Resistance now. We are taking Pepe back, and that she’s “saving him from these freaks, these degenerates” in the right wing on 4chan.

The clown woman is referring to 4chan’s new Pepe meme, simply known as “Clown Pepe” or “Honk Honk,” believed by some to symbolize the current state of politics, culture, and entertainment in America, which has essentially been transformed into “Clown World.”

If clowns are indeed a symbol of “happiness” and “inclusion,” where’s Lil Lunchbox’s outrage at author Stephen King, who created the child-eating “Pennywise the Clown” character?

Or perhaps the several convicted pedophiles who used clown makeup to prey on children at “Drag Queen Story Hour?”


“Drag Queen Story Hour” is being pushed nationwide as an event that promotes “tolerance”, yet some of those involved are being exposed as child predators. Tracy Shannon joins Alex via Skype to discuss solutions for those who want to protect their children from these vile events.

Source: InfoWars

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Indonesian Prez Using Holograms for Campaign Rallies

Indonesian President Joko Widodo is utilizing holograms depicting his likeness in his rallies to give his campaign a competitive edge for the coming general election.

The tactic has been successful in reaching voters in the rural far-corners of the world’s 4th most populous country.

“This is really helpful in the campaign,” said a Widodo campaign organizer.

Logistically, using the technology is the right choice as the Muslim-majority nation houses over 17,000 islands sprawling at a length greater than that of the U.S.

Widodo’s main rival, ex-general Prabowo Subianto, has so far not used holograms for his campaign.

The April 17th election will be the first time in the country’s history the president, vice president, and legislative branch (People’s Consultative Assembly) will be elected on the same day.

The use of holograms brings into mind the controversial use of deep fakes, the emerging tech that is capable of portraying politicians inaccurately.

In January, an American news station was caught doctoring a video of President Trump to make him look ridiculous.

Correspondingly, deep fakes have caught the concern of leaders in President Trump’s intelligence community, like the Director of National Intelligence Dan Coats.

“The speed and adaptation of new technologies will continue to drive the world in ways we can’t understand,” said Coats. “It becomes a major challenge to the intelligence community to stay ahead of the game and have resources directed toward how we need to address these threats.”

Similarly, elections are also vulnerable to Big Tech interference, whether its Google controlling search results to swing 80% of undecided voters or Facebook allegedly stifling online communities under the pretense of “election integrity” efforts.

Fox Host Tucker Carlson has repeatedly voiced concerns over the power media giants have when it comes to influencing politics.

“You’re not going to get a Republican president elected ever until Google is restrained,” said Tucker. “Period.”


Matt Bracken gives his take on the social media unpersoning epidemic sweeping across the internet.

Source: InfoWars

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Judge weighs call to expose depth of watchlist distribution

A federal magistrate will weigh a request that would force the U.S. government to disclose details about more than 1,400 private entities including hospitals and universities that have received access to parts of the government's terrorist watchlist.

The Council on American-Islamic Relations sued to challenge the constitutionality of the watchlist, which has hundreds of thousands of names on it. As part of the lawsuit, the government recently acknowledged its list of known or suspected terrorists is shared with private groups.

The government says private entities receiving access to the list include university police and hospital security.

CAIR wants the judge to order disclosure of exactly who receives the list at a hearing Friday. They believe the list is inaccurate and causes grief for innocent Muslims mistakenly placed on the list.

Source: Fox News National

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A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai
FILE PHOTO: A worker holds a nozzle to pump petrol into a vehicle at a fuel station in Mumbai, India, May 21, 2018. REUTERS/Francis Mascarenhas

April 26, 2019

By Manoj Kumar and Nidhi Verma

NEW DELHI (Reuters) – Surging global oil prices will pose a first big challenge to India’s new government, whoever wins an election now under way, especially as domestic prices have been allowed to lag, meaning consumers are in for a painful surge as they catch up.

For oil-import dependent India, higher global prices could lead to a weaker rupee, higher inflation, the ruling out of interest rate cuts and could further weigh on twin current account and budget deficits, economists warned.

But compounding the future pain, state-run fuel suppliers and retailers have held off passing on to consumers the higher prices during a staggered general election, which began on April 11 and ends on May 23, according to sources familiar with the situation.

That delay is expected to be unwound once the election is over. And there could be additional price increases to make up for losses or profits missed during the period of delayed increases, the sources said.

In some major Asian countries, such as Japan and South Korea, pump prices are adjusted periodically so they move largely in tandem with international crude prices.

That was what was supposed to happen in India but the election means there have been many days when pump prices have been unchanged.

In New Delhi, for example, while crude oil prices have gone up by nearly $9 a barrel, or about 12 percent, in the past six weeks, gasoline prices have only risen by 0.47 rupees a liter, or 0.6 percent.

State-controlled fuel suppliers and retailers declined to say why they had delayed price increases, or discuss whether there has been any pressure from the government of Prime Minister Narendra Modi.

A government spokesman declined to comment.

The opposition Congress party said Modi’s government was violating its own policy of daily price revision by advising the state oil companies to hold prices steady.

“The government should cut fuel taxes otherwise consumers will have to pay much higher oil prices once the elections are over,” said Akhilesh Pratap Singh, a senior leader of the Congress party.

(GRAPHIC: India Polls: Fuel price hike lags crude surge – https://tmsnrt.rs/2XLlxik)

Nitin Goyal, treasurer at the All India Petroleum Dealers Association, representing fuel stations in 25 states, said prices were similarly held down for 19 days in the southern state of Karnataka last year, when it held state assembly elections.

Only for them to surge after the vote.

“Consumers should be ready for a rude shock of a massive jump in retail prices, similar to the level we have seen in the Karnataka state election,” Goyal said.

‘CREDIT NEGATIVE’

Sri Paravaikkarasu, director for Asia oil at Singapore-based consultancy FGE, said retail prices of gasoline and gasoil prices would have been up to 6 percent, or about 4 rupee, higher if they had been allowed to rise in line with global prices.

“Indian pump prices have failed to keep up with the recent uptrend in crude prices,” Paravaikkarasu said.

“With the country’s general elections underway, the incumbent government has been keeping pump prices relatively unchanged.”

India had switched to a daily price revision in June 2017 from a revision every two weeks, as the government allowed retailers to set prices.

But the government faced protests last October when retailers raised prices by up to 10 rupees a liter after the crude oil price went above $80 a barrel, forcing it to cut fuel taxes.

Global prices rose to their highest level in 2019 on Thursday, days after the United States announced all Iran sanction waivers would end by May, pressuring importers including India to stop buying Tehran’s oil. [O/R]

Higher oil prices will mean Asia’s third largest economy is likely to see growth of less than 7 percent rate this fiscal year, economists said. Growth slowed to 6.6 percent in the October-December quarter, the slowest in five quarters.

Rating agency CARE has warned that a 10 percent rise in global oil prices could increase demand for dollars, putting pressure on the rupee and widening the current account deficit.

India’s oil import bill rose by nearly one-third in the fiscal year ending March 31 to $140.5 billion, against $108 billion the previous year.

“The increase in international oil prices is a credit negative for the Indian economy,” ICRA, the Indian arm of the Fitch rating agency, said in a note.

“Every $10/ bbl increase in crude oil prices increases the fiscal deficit by about 0.1 percent of GDP.”

Any big price rise would also build a case for the central bank to keep rates steady, or even raise them.

The Reserve Bank of India’s Monetary Policy Committee, which cut the benchmark policy repo rate by 25 basis points this month, warned that rising oil and food prices could push up inflation.

Policymakers are worried that a sustained increase in the oil price in the range of $70-75/barrel or higher can move the rupee down by 3-4 percent on an annual basis.

The rupee has depreciated by 1.24 percent against the dollar since a year high in mid-March.

($1 = 70.1800 Indian rupees)

(Reporting by Manoj Kumar and Nidhi Verma; Editing by Martin Howell and Rob Birsel)

Source: OANN

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FILE PHOTO: Uber's logo is displayed on a mobile phone in London, Britain
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay/File Photo

April 26, 2019

(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion.

In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. The company will sell 180 million shares in the offering, with a further 27 million sold by insiders.

In the filing, Uber also reported a net loss attributable to the company for the first quarter of 2019 of around $1 billion and revenues of roughly $3 billion.

(Reporting by Joshua Franklin; editing by Patrick Graham)

Source: OANN

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FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai
FILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo

April 26, 2019

By Aditi Shah and Abhirup Roy

NEW DELHI/MUMBAI (Reuters) – The grounding of India’s Jet Airways is turning into a quick windfall and long-term opportunity for international airlines keen to scoop up nearly a million outbound passengers from what was once the nation’s biggest airline.

Jet, which previously had a fleet of around 120 largely Boeing Co planes, was forced to indefinitely halt all flight operations on April 17 after its banks rejected the carrier’s plea for emergency funds.

The carrier’s descent into crisis has benefited international airlines in the form of rising fares and demand, data showed.

Fares from India to cities such as Dubai, London, New York, Singapore and Bali in the first quarter of 2019 rose between 4 percent and 32 percent from a year ago, according to Indian travel portal MakeMyTrip Ltd.

In the peak travel months of May and June, fares to London have spiked as much as 36 percent and tickets to San Francisco are up nearly 20 percent from a year ago, according to data from travel portal Yatra.com.

“For the next three months it’s actually bonanza time for international players,” said Ashish Nainan, a research analyst at CARE Ratings. “At least until the middle of June, the fares are not going to come down.”

Due to rising demand, even before Jet’s lessors grounded planes, carriers such as British Airways, Cathay Pacific Airways Ltd, Singapore Airlines Ltd and United Airlines saw an up to a 27 percent increase in passenger numbers from India in the last quarter of 2018, data from India’s aviation regulator showed. That is the latest period for which the data is available.

India is one of the world’s fastest-growing aviation markets, clocking 15-20 percent domestic growth in recent years. It has long had only two full-service long-haul carriers, state-run Air India and Jet.

Jet is now hoping to be bailed out by a new investor, with final bids due on May 10.

INCREASING CAPACITY

Before its grounding, Jet had the biggest share of India’s outbound international air traffic, carrying 12 percent of the 7.8 million passengers headed overseas in the Oct-Dec quarter, down from 14 percent a year earlier, data from the Directorate General of Civil Aviation showed.

For an interactive graphic on Jet’s market share, click https://tmsnrt.rs/2WvDQYi

For an interactive graphic on average daily flights by the airline, click https://tmsnrt.rs/2FeFDel

The total number of passengers traveling overseas with Jet fell 10 percent during the last quarter of 2018 even as the outbound travel market grew about 5 percent.

Meanwhile, Singapore Airlines posted a 27 percent increase in passengers from India, Cathay registered 17 percent growth and British Airways saw a 10 percent rise in the same period.

Cathay said the events at Jet combined with increasing demand for travel had led it to deploy larger aircraft with more seats on some Indian routes.

“In the long term we would certainly like to be able to offer more capacity into India, not just on our existing routes but by establishing new services to secondary cities,” Cathay said in a statement.

Singapore Airlines, in an email to Reuters, said the Indian market is “very promising” but declined to give details of airfare levels or demand patterns in the wake of Jet’s exit, citing a quiet period before the release of its annual results.

DOMESTIC GAINS

Jet’s grounding has also had a big impact on the domestic market, with inter-city air fares to major cities such as New Delhi, Mumbai, Bengaluru and Kolkata soaring more than 20 percent in May and June, according to Yatra.com.

The spike in fares is expected to underpin strong earnings for IndiGo and SpiceJet Ltd, which are set to report results for the quarter ended March 31 in the coming weeks.

“Domestic Indian carriers are the main benefactors, but I suspect if Jet fails to be revived by May 10 then Vistara and other airlines that ply international routes, particularly the lucrative Gulf market, are the main winners,” said Shukor Yusof, the head of aviation consultancy Endau Analytics. Vistara is a joint venture of India’s Tata Sons and Singapore Airlines.

Inadequate bilateral traffic rights between India and other countries, however, could be an impediment to foreign carriers’ hopes of winning business lost by Jet, some analysts said.

“Even before Jet’s operational shutdown, international capacity was significantly constrained,” said Kapil Kaul, CEO for South Asia of consultancy CAPA. “We have now more serious capacity challenge … this is unlikely to be stabilized in the near term.”

A new national government likely to be in place sometime after elections end in May is expected to address the international capacity constraints, and once bilateral agreements are eased airlines including Emirates, Turkish and Qatar would immediately benefit, said Kaul.

“We would love to add more flights but we are at the limit of the allocation granted to us for traffic rights,” Emirates Chief Commercial Officer Thierry Antinori told reporters in Dubai on Wednesday.

(Additional reporting by Alexander Cornwell in Dubai, Jamie Freed in Singapore and Tanvi Mehta in Mumbai; Editing by Muralikumar Anantharaman)

Source: OANN

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FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the NYSE in New York
FILE PHOTO: The company logo for pharmaceutical company AstraZeneca is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 8, 2019. REUTERS/Brendan McDermid

April 26, 2019

By Pushkala Aripaka and Ankur Banerjee

(Reuters) – AstraZeneca Plc beat first-quarter sales and earnings expectations on Friday as the British drugmaker benefited from a push into cancer drugs and emerging markets including China.

Newer treatments such as lung cancer drug Tagrisso, now the company’s top selling medicine, have helped the drugmaker’s return to growth after years of crumbling sales due to patent losses on older drugs.

Sales in China have shown explosive growth, more than doubling since 2012, but AstraZeneca executives on Friday said that may not be sustained.

“The enormous growth you currently see in China, 28 percent, probably is not sustainable, but we feel very bullish that the growth will continue to be at a pace of between 15 percent and 20 percent,” Ruud Dobber, executive vice president, BioPharma, told Reuters.

Shares of the company were down 0.2 percent at 5,878 pence at 1031 GMT.

The turnaround in AstraZeneca’s fortunes has been powered by a push into cancer treatments led by Chief Executive Pascal Soriot, who saw off a 2014 takeover bid from Pfizer in part by promising annual sales of $45 billion by 2023.

In the first quarter, sales from its oncology unit rose 59 percent to $1.89 billion, accounting for 35 percent of total product sales.

The company has moved deeper into cancer therapy market through wide-ranging deals, including those for immunotherapy and targeted therapy. Last month, it agreed a multi-billion dollar oncology deal with Japan’s Daiichi Sankyo Co Ltd.

Interactive graphic on AZN’s top 10 drugs by sales – https://tmsnrt.rs/2W5XIRX

“We’re reaching that point where after years of having to keep faith, we have actually got something tangible to believe in,” Hargreaves Lansdown analyst Nicholas Hyett said.

AstraZeneca also backed its annual sales and earnings forecast and said it has extensively prepared for UK’s anticipated exit from the European Union, even in the event of a no-deal exit.

The company has already spent more than 40 million pounds ($52 million) on Brexit preparations, including stockpiling six weeks’ worth of drugs in the UK and four weeks in continental Europe to guard against shortages.

AstraZeneca said product sales rose 14 percent at constant currency to $5.47 billion in the quarter, led by its lung cancer drug Tagrisso and respiratory treatment Pulmicort.

Interactive graphic on AZN’s quarterly oncology sales – https://tmsnrt.rs/2W9tbCD

China sales increased by 28 percent to $1.24 billion in the quarter, accounting for nearly a quarter of overall product sales.

Core earnings came in at 89 cents per share in the quarter. Analysts on average were expecting core earnings of 85 cents per share and product sales of $5.29 billion, according to a company provided consensus of 19 analysts.

(Reporting by Pushkala Aripaka and Ankur Banerjee in Bengaluru; Editing by Bernard Orr/Keith Weir)

Source: OANN

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https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

DNA Force Plus

149.95

119.96

DNA Force Plus is finally here! Now you can support optimal energy levels while adapting your body to handle the daily bombardment of toxins to overhaul your body’s cellular engines with a fan-favorite formula.

https://www.infowars.com/wp-content/uploads/2016/02/dna-210.jpg

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

https://www.infowarsstore.com/dna-force-plus.html?ims=jbdoh&utm_campaign=IWL-DNAForcePlus-20%25off-Widget&utm_source=Infowars+Widget&utm_medium=Banner&utm_content=Widget-DNFP-20%25off

Source: InfoWars

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