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They are at time.com/newsletters and are separate from a paid subscription. ## Video: From Drug Prices to Disney: Let’s Break Down Everything You Need to Know This Week [Watch (HLS stream): From Drug Prices to Disney: Let’s Break Down Everything You Need to Know This Week](https://cdn.jwplayer.com/manifests/S0Bag2I1.m3u8) (13:26)  _Published 2018-07-25. Big pharma’s move to freeze drug prices, Disney-Fox’s mega merger, the longest lunar eclipse of the century, and what to know about this year’s NFL training camp._ --- Jul 28, 2023 12:19 AM UTC --- ## More From This Series [All Videos](https://time.com/video/) [The Longest Lunar Eclipse of the Century](/video/YZn3r5uB/) ### The Longest Lunar Eclipse of the Century [From the Longest Day to Draft Long Shots: Let’s Break Down Everything You Need to Know This Week](/video/q8LMKAKF/) ### From the Longest Day to Draft Long Shots: Let’s Break Down Everything You Need to Know This Week [From DNA Privacy to Disney’s Box Office Wins: Let’s Break Down Everything You Need to Know This Week ](/video/nvdOOtwQ/) ### From DNA Privacy to Disney’s Box Office Wins: Let’s Break Down Everything You Need to Know This Week --- ## Transcript [ MUSIC ] Welcome to The Breakdown. I'm your host, Neha Joy and we're here with the stories of the week from money, fortune, time, and sports illustrated. Now this week, we examined big pharma's move to freeze drug prices, a look back at the Fox Disney mega merger, Marvel at the longest lunar eclipse of the century, and what you need to know about this year's NFL training camp. So let's dive in. Major pharma companies, including Pfizer and Merck have bowed to recent political pressure and announced temporary price freezes, or even price cuts, to their meds. While Trump touted this news as a healthcare win for Americans, they're still a ways to go for your wallet. So what's the deal with US drug prices? Americans spend an average of $ 1, 100 per person a year on prescription drugs. That's higher than anywhere else in the world. This is partly due to the fact that Americans pay the highest prices for their meds. Even older drugs which are supposed to be cheaper are seeing price hikes. From 2008 and 2014, the cost for brand name prescriptions rose 127 %. The public taking note of these changes after several high profile drugs racked up their cost. Like infamous CEO Martin Shkreli, who bought the rights to an anti- parasitic drug in 2015 and raised the price of each pill from $ 13. 50 to $ 750, however, this is an industry- wide phenomenon. In 2015, Major Pharma grossed an extra $ 25. 6 billion just by raising their prices. According to the IMS, if the industry continues to go unchecked. Those profits could rise from $ 155 billion by 2020. While Trump may have made it his priority to lower drug prices, patients expecting some relief from big pharma's latest move may be disappointed. Drug makers offered a temporary freeze through the end of the year, but they often raise their prices in January. So basically many meds have a price fix at an already high level. Drug firms claim these prices are necessary to maintain proper research and experimentation in order to better their products. And analysis shows that major companies like Johnson & Johnson and Pfizer spend about 13 to 16 % of their revenue on research and development. But even if the recent drug price freezes or cuts translate into some savings for insurers, It's not a given that they'll pass along those savings to patients taking that particular drug. Experts argue that instead of one- off actions by manufacturers, the healthcare systems needs structural changes to meaningfully lower drug prices. This spring Trump released a blueprint to lower drug prices that included greater price transparency and opportunities for health plans to negotiate with manufacturers. The recent price freeze announcement could be drug companies way of signaling that they've heard the Trump administration and that they're willing to work together. [ SOUND ] [ BLANK_AUDIO ] On July 27 the Disney and Fox shareholders will vote to allow Disney's purchase of a large portion of 21st Century Fox's film and TV empire. After nearly a year of trying and a brief bidding war with Comcast, the house of mouse acquired its long time competitor for $ 71. 3 billion in cash and stocks. That's nearly $ 20 billion more than Disney's original offer in December of $ 52. 4 billion. Before Comcast's hostile bid came along. The deal will now reduce the total number of major Hollywood studios from six to five. The rise of new digital competitors like Amazon and Netflix motivated this major buy. Disney's CEO Bob Iger, and the rest of the Mouse House brass, were eager to shore up their defenses against their well- funded rivals. And decades of Fox content go a long way in making that dream a reality. Disney will now control most of 21st Century Fox's filim and TV assets. Including 20th Century Fox studio, FX Network, National Geographic partner. Fox's 30 % has taken Hulu, and a 39 % interest in Euro [ UNKNOWN ] Sky. The DOJ uncharacteristically approved this merger in just six months after the deals announcement, but concessions were made to avoid anti trust concerns Disney divested Fox twenty two regional sports networks valued of about 19 billion dollars Since Disney already owns ESPN, the compromised ensure that Disney didn't have a near monopoly on sports broadcasting. This deal also has Hulu cut in the middle. The streaming service was originally a joint venture between several major networks. Including Comcast, NBC Universal and Time Warner. Now Disney holds a controlling stake in the company. This could lead to a massive Hulu expansion. But Disney still needs approval from existing stakeholders for any overhaul. As far as content goes Disney can now add franchises like Planet of the Apes The Simpsons and the upcoming Avatar sequels to its portfolio. And fans of the Marvel Universe can get pumped. The makers of the Avengers films can now incorporate popular characters from the X- Men into their world. Disney CEO Bob Iger shared his excitement on future offerings, telling CNBC this. We love the brands that we're buying and the combination of their brands with ours and what we might be able to offer consumers and the production capabilities. We like the idea of being able to control who through this acquisition and Providing consumers with more opportunities to access great content under compelling experiences in the United States. Despite July 27th's looming vote Disney is moving forward as if this is a done deal since Fox's board has unanimously voted twice to endorse Disney's offers. Sounds like both companies are both ready to dominate the streaming market with their new found direct- to- consumer offerings. [ MUSIC ] On July 27th, almost every part of the world, Europe, Asia, Australia, Africa, South America, even Antarctica, will be treated to the longest. Total lunar eclipse in roughly a hundred years. During this time, the usually silvery moon will turn a blood red. A lunar eclipse occurs when the earth passes between the sun and the moon, casting a shadow across the entire disc. The moon is not blotted out completely, but instead turns a deep red, sometimes called a blood moon. As the sun streams through Earth's atmosphere, allowing only the red wavelengths to pass. To learn more about the science of eclipses and why this one is special, Time editor at large, Jeffrey Kluger, spoke with American Museum of Natural History's research associate, Emily Rice. Last summer, the United States was treated to a rare solar eclipse. This summer almost every other part of the world except the US will be treated to a lunar eclipse lasting up to 1 hour and 43 minutes. A lunar eclipse is what happens when When the earth blocks out the light from the sun that would normally be reflected off the full moon, and that creates a total lunar eclipse when all of the illuminated part of the moon is blocked by the earth's shadow. When it's the earth doing the blocking, the earth has an atmosphere. And so actually what we see is some of the red light that's kind of scattered through the earth's atmosphere that still makes it into the shadow creating that red effect on the surface of the moon. And if the sun were just a little bit bigger, or the moon a bit farther away, total solar eclipses may never occur. But they do and it's the reason eclipses are referred to as celestial phenomena. The Earth's shadow is always there, but the Earth's shadow is always exactly on the ecliptic. And the moon is usually a little bit above and below the ecliptic. And so they have be to be exactly lined up in order for a total lunar eclipse to happen. What is significant in particular about this year's eclipse? This one is actually one of the longer lunar eclipses that we're ever gonna be able to see. And that's really because the moon is gonna be going really along the ecliptic. And through the widest part of the Earth's shadow. The full moon will spend a longer time in that total phase of the eclipse, and so that will be very interesting. So this eclipse is not gonna be visible for any of North America. The best places are gonna be kind of eastern South America. And then western Europe, western Africa and that's because this eclipse will be visible at moon rise for those areas. And so that's at sunset. Those lucky enough to catch this year's lunar eclipse could also get a glimpse of Mars and the Milky Way. Sadly, by the time night falls in North America and the full moon rises here, the eclipse will already have ended. But it's 2018's You can still catch the astrological marvel on a live webcast. While there are usually two or three lunar eclipses in a given year, it is hard to not be in awe of the wonder that prov ed Einstein's Theory of Relativity. The moon really is our celestial partner out in space. It is nice that people are taking the excuse of a lunar eclipse to pay attention to the moon. [ MUSIC ] NFL season doesn't officially start until September but things are already heating up for franchises and players. Training camp season. It is upon, with all 32 teams expected to be in camp by July 27th. Over the next several weeks, teams will be busy sorting out depth charts and holding position battles to finalize their 53- man roosters. But call it training camp with a twist, with many star players in new places. Kirk Cousins switched jerseys earlier this offseason, leaving the Washington Redskins for the Minnesota Vikings. The move briefly secured Cousins Scott as the highest paid player in football, with a three year $ 84 million guaranteed contract, until Matt Ryan eclipsed him later in the off season. But beyond his payday Kirk Cousins is primed for a career season with the Vikings. Minnesota team is number one on defense, and cousins can look forward to being surrounded by one of the leagues top receiving duos, with wide outs Adam Bailey and Stefon Diggs by his side. Meanwhile former Vikings QB Case Keenum has moved to the Denver Broncos. After years of bouncing around the NFL, Keenum has a shot to bring the Broncos some quarterback stability. If Keenum can duplicate his success with the Vikings, the Broncos have a chance to compete in the AFC West. Veteran Titan, Jimmy Graham's move to the Green Bay Packers has QB Aaron Rodgers excited and sharing his admiration with the press. Graham got a three year deal with the team worth $ 30 million, so the Packers are expecting instant impact for Rogers. And in a move that made waves, the Rams landed one of the best free agents to change teams this offseason, signing defensive tackle Ndamukong Suh. Suh's deal is just one of the many high profile deals the Rams have made this year. Signalling that they're not messing around. These offseason shakeups are about to have a major impact on the upcoming season. And here to discuss what fans can expect is Sports Illustrated Senior Editor Gary Gramling. Gray, thanks so much for joining us here at The Breakdown. Now some key players made moves in the offseason, but from a QB standpoint Who is the best guy that we're gonna see with the new squad. Yeah, that's Kirk Cousins. Great QBs don't really become free agents in the NFL. Kirk Cousins did good QB so he was a really good get for the Minnesota Vikings. The unusual thing About his deal. Players in the NFL do not get fully guaranteed contracts. Kurt Cousins got one, 84 million, three years. The Vikings are Superbowl or bust. It sounds a little bit harsh, but if Kurt Cousins does not get them to the Superbowl He's going to be considered a disappointment. Really. Which team do you think has the biggest shakeup and what can we really expect from their new roster? I think probably the Rams. We saw the Rams had a breakout season last year. They made the playoffs. The offense is great. We all know the offense is going to score points. What they did is they really bet big on the defense this year. They brought in Ndamukong. Suh, with the defensive line. I mean, he's a Hall of Fame- caliber player. They're gonna pair him on the defensive line with Aaron Donald, who was Defensive Player of the Year last year. So there's a dominant duo up there. The really interesting thing they did was, they brought in two cornerbacks, Marcus Peters and Aqib Talib. Those guys are incredibly talented, but they're also Incredibly volatile so we'll see how that works. One thing's clear though, the Rams are going for it on defense. They don't just want to be good, they want to be dominant. Now I want to talk about Case Keenum for a second. He's had a roller coaster of a career, so will his move to the Broncos ultimately pay off, or could it be a bust ? >> Yeah, I mean it's a good landing spot for him, and as we saw, Case Keenum was very good last. Season. He was not very good the first couple years of his career. So the Broncos have been looking for that quarterback since Payton Manning retired, after they won Superbowl 50. Keenum might be that guy. If he plays like he did for the Vikings in 2017, the Broncos are right back there in Superbowl contention. All right. Well, we'll see what happens as As training camp gets underway, right Gary, thanks so much for joining us. Thanks for having me. And that's The Breakdown for this week. Until next Wednesday, I'm Neha Joy, and thanks for joining our roundup of this week's biggest stories. 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