Houston hedge fund billionaire John Arnold criticized Big Pharma in a rare interview on CNBC’s “Power Lunch” Oct. 20 when he joined fellow Houston billionaire Tilman Fertitta and host Brian Sullivan at the Toyota Center.

Arnold said the U.S. pharmaceutical industry’s pricing mechanism was “messed up” and pinned the blame on politicians accepting hundreds of millions of dollars in lobbying efforts and political donations.

“The politicians will say one thing, but when it comes to passing a bill,…

Houston Biz Journal
Houston billionaires sound off on Big Pharma, NBA deals, oil prices CNBC's 'Power Lunch'