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Government and business are waiting anxiously for the Trump administration's next decision on tariffs, including those threatened against Australian pharmaceutical companies. Big pharma in the US is using the trade tensions to press Australia to change the way the PBS buys American medicines, describing PBS policies as "egregious and discriminatory". David Ricks is the chair and CEO of American pharmaceutical giant Eli Lilly, a trillion dollar company that produced life changing psychiatric and diabetes medicines as well as breakthrough drugs targeting weight loss and Alzheimer’s. David Ricks is also a member and former chair of the powerful industry lobby group, PhRMA. 7.30’s Sarah Ferguson interviews David Ricks. Subscribe: https://ab.co/3yqPOZ5 Welcome to ABC News In-depth, where you'll find our long-form journalism and other videos to help you understand what's going on in the world around you. Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel: / newsonabc Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on Twitter: / abcnews Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia