EXCLUSIVE: Mark Cuban on the “positive” from Trump’s Pfizer collaboration
In his latest remarks to the Washington Reporter, billionaire businessman Mark Cuban discusses President Donald Trump's latest health care moves.
President Donald Trump’s historic announcement with Pfizer brought a series of strange bedfellows into the same room: Trump, alongside Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. and Pfizer CEO Albert Bourla, jointly announced a deal to sell certain drugs directly to consumers.
Trump, who is likely the only person who could get RFK Jr. and the Pfizer CEO in the same room without leading to violence, also won praise from one of his biggest 2024 critics: billionaire Mark Cuban, who was one of Kamala Harris’s most prominent campaign trail surrogates.
Following Trump’s historic announcement, Cuban told the Washington Reporter to “look at the Pfizer stock price. It went up. This can be a positive for sure.” But, Cuban added, “it has a while to go.”
While Cuban and Trump are both historically successful businessmen, they have long been at odds over politics. But, the health care space is one area where the two have repeatedly found common ground.
”I think it could be impactful,” Cuban added to Forbes after Trump’s announcement. “Their challenge is going to be who has more power and influence over the industry: the PBMs/insurance companies and the contracts they have with brand manufacturers, or the president. That has not been determined yet.”
Another area of commonality is antitrust personnel. Both Trump and Cuban are not fans of Lina Khan, the Chair of the Biden-era Federal Trade Commission (FTC). Cuban told the Reporter prior to the 2024 election that, should Harris win, it would still be “time to move on” from the controversial chairwoman.
Cuban’s comments led to Rep. Alexandria Ocasio-Cortez (D., N.Y.) threatening an all out “brawl” against him or against anyone else who moved against Khan. Ocasio-Cortez has not brawled with Trump since Trump replaced Khan.
Trump quickly replaced Khan as FTC Chair with FTC Commissioner Andrew Ferguson — who did his first public event as Chairman of the FTC with the Reporter earlier this year.