California Proposition 61, Drug Price Standards Initiative lost in the recent election by a margin of 54 to 46%. Recently I asked a California doctor friend about why the proposition had failed. As a doctor, he is of course very bright, but he is not politically well-informed. I think that he voted for Trump. He told me that he could not understand the proposition; I think that was a cop-out. The proposition was a small, opening attempt to regulate a few drug prices on the margin. It is my understanding that big pharma spent $100 million plus to defeat the proposed law.