관리-도구

편집 파일: 1768554633.M641497P3393183.server.saraya-global.com,S=50392,W=51532:2,a

Envelope-to: marlon.mamaril@saraya.world
Delivery-date: Fri, 16 Jan 2026 17:10:33 +0800
From: "EIU" <eiu@b.economist.com>
To: <marlon.mamaril@saraya.world>
Subject: Last chance to register: What the US exit from WHO means for global health
Date: Fri, 16 Jan 2026 03:09:15 -0600
MIME-Version: 1.0
Reply-To: "eiu_enquiries@eiu.com" <reply-fe9916717061077977-119_HTML-286251113-7295029-2012@b.economist.com>
Message-ID: <978155ae-b9ed-4e18-bac6-c56b155e2b29@atl1s07mta1450.xt.local>
Content-Type: multipart/alternative;
	boundary="pcmKqsJKFnRi=_?:"
    
 Content analysis details:   (-0.5 points, 5.0 required)
  pts rule name              description
 ---- ---------------------- --------------------------------------------------
  0.0 RCVD_IN_MSPIKE_H3      RBL: Good reputation (+3)
                             [13.111.28.89 listed in wl.mailspike.net]
 -2.5 RCVD_IN_HOSTKARMA_W    RBL: Sender listed in HOSTKARMA-WHITE
                         [13.111.28.89 listed in hostkarma.junkemailfilter.com]
  0.0 RCVD_IN_DNSWL_BLOCKED  RBL: ADMINISTRATOR NOTICE: The query to DNSWL
                             was blocked.  See
                             http://wiki.apache.org/spamassassin/DnsBlocklists#DnsBlocklists-dnsbl-block
                              for more information.
                             [13.111.28.89 listed in list.dnswl.org]
  0.0 URIBL_BLOCKED          ADMINISTRATOR NOTICE: The query to URIBL was blocked.
                             See
                             http://wiki.apache.org/spamassassin/DnsBlocklists#dnsbl-block
                              for more information.
                             [URI: fonts.googleapis.com]
                             [URI: economist.com]
                             [URI: salesforce.com]
 -0.0 SPF_PASS               SPF: sender matches SPF record
 -0.1 DKIM_VALID_AU          Message has a valid DKIM or DK signature from author's
                             domain
  0.1 DKIM_SIGNED            Message has a DKIM or DK signature, not necessarily valid
 -0.1 DKIM_VALID             Message has at least one valid DKIM or DK signature
  0.0 RCVD_IN_MSPIKE_WL      Mailspike good senders
  0.8 BAYES_50               BODY: Bayes spam probability is 40 to 60%
                             [score: 0.5000]
  0.0 HTML_FONT_LOW_CONTRAST BODY: HTML font color similar or identical to
                             background
  0.0 HTML_MESSAGE           BODY: HTML included in message
  0.1 POISEN_SPAM_PILL_2     RAW: random spam to be learned in bayes
  0.8 CPANEL_LOTS_OF_EMPTY_LINE RAW: Spam that has large block of empty
                             lines
  0.0 RCVD_IN_VALIDITY_SAFE_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to
                              Validity was blocked.  See
                             https://knowledge.validity.com/hc/en-us/articles/20961730681243
                              for more information.
                             [13.111.28.89 listed in sa-accredit.habeas.com]
  0.0 RCVD_IN_VALIDITY_CERTIFIED_BLOCKED RBL: ADMINISTRATOR NOTICE: The
                             query to Validity was blocked.  See
                             https://knowledge.validity.com/hc/en-us/articles/20961730681243
                              for more information.
                           [13.111.28.89 listed in sa-trusted.bondedsender.org]
  0.2 KAM_LOTSOFHASH         Emails with lots of hash-like gibberish
  0.0 RCVD_IN_VALIDITY_RPBL_BLOCKED RBL: ADMINISTRATOR NOTICE: The query to
                              Validity was blocked.  See
                             https://knowledge.validity.com/hc/en-us/articles/20961730681243
                              for more information.
                             [13.111.28.89 listed in bl.score.senderscore.com]
  0.1 POISEN_SPAM_PILL       Meta: its spam
X-Spam-Flag: NO

This is a multi-part message in MIME format.

--pcmKqsJKFnRi=_?:
Content-Type: text/plain;
	charset="utf-8"
Content-Transfer-Encoding: 8bit

Pharma strategy, policy shifts, system risks—what to watch in 2026

https://click.b.economist.com/?qs=0dd99ddfa7f0e0bf2477d31fd47b951dcf1ee28d3c1514ff91184fa73fce30bb21a1b85c35a2364dd1e533efd777cad80c0be66d255637f6c90aa98656021319 
  
https://view.b.economist.com/?qs=704a1cce6242be80aba3638e6a4e71babc51efaec1caf891dd9de0d78e88ca48db23715ff1fb2832f9cd1d10050ccb1e7f3efece0fbe0b7d7e09a694605e0288eae14c707af4f2092191db09c86d4144 
Read in browser

https://click.b.economist.com/?qs=0dd99ddfa7f0e0bf2477d31fd47b951dcf1ee28d3c1514ff91184fa73fce30bb21a1b85c35a2364dd1e533efd777cad80c0be66d255637f6c90aa98656021319 
January 16th 2026

Marlon,

Health systems and pharmaceutical firms will enter 2026 under renewed pressure&mdash;from tighter budgets and evolving trade policy to patent expiries and shifting regulatory frameworks.

Join EIU&rsquo;s experts for a live briefing on Tuesday, January 20th to explore the trends likely to shape global healthcare investment, access and strategy in the year ahead.

Date: Tuesday, January 20th 2026
Register for session 1: 
https://click.b.economist.com/?qs=0dd99ddfa7f0e0bfc15a8a757de5a7343e3182040a5074e639630237fead06276492d9e6abc8a8bf7e591bfa237a3386f9d5076f2980dc695d991d95c60e4ccf 
8:30am GMT | 9:30am CET | 4:30pm HKT 
Register for session 2: 
https://click.b.economist.com/?qs=0dd99ddfa7f0e0bf4cf46669bcefbf3823b3d369157c461b2899e8c173c17b87ce1ce7a58565efe5c0f87d601f0471c090d3c155515d27e0cb5d7fb29c89bcf7 
10:00am EST | 3:00pm GMT | 4:00pm CET

What to expect:
	- 
A look at how spending patterns are shifting under fiscal and demographic strain
	- 
Insight into how pharma strategy is evolving amid pricing reforms and trade threats
	- 
The policy implications of the US withdrawal from the WHO
	- 
A forward view on global coordination, risk and accessThis session will include a live Q&A, giving you the opportunity to pose your own questions directly to EIU&rsquo;s industry experts. Register now to secure your place.

The EIU team

https://click.b.economist.com/?qs=0dd99ddfa7f0e0bf92cffbd7956cd9088dfb8f6e47ef0a03570c15ef0acf6d8bebdefe3e58ede6924c2d36f4eedaabcb7761b0c6f981be36ea533f3769cf59bb

https://click.b.economist.com/?qs=0dd99ddfa7f0e0bfea401be6993fbf83a7f4bd4d9de4d2439dc86d33d49786ba2f8126c474b8d09244a35ca3aad47c90c84285ed6cf727912aa1cdfd0a9ad284

https://click.b.economist.com/?qs=0dd99ddfa7f0e0bfb7a347516d8c2f725be236408d4fe05ab21b4c314e3fa16ec00cba1d48cda6b973c7495d833f901ee684e08f64b9cbf9dc11c6c6dd9bd640

https://click.b.economist.com/?qs=0dd99ddfa7f0e0bf17c6812d59c93d5fa3bbbc613d8b3d067fd97964017a23fe19b637c29aabd0e5b2411bf19d2fca0c2dbe57fe2855c01a457a76bae34cd7c3

The Economist Group

We take your privacy seriously and operate a strict privacy policy.

https://click.b.economist.com/?qs=0dd99ddfa7f0e0bfbfbfca4dbeb0e92bee6802a85de5e985bd1d240b3b126d9fc3ace36380e5c65fe0308d4ef2cbe1db6332a7899780bd6d677e336d3920df83 
Privacy Policy   |  
https://click.b.economist.com/?qs=0dd99ddfa7f0e0bfbb923a7dff11ac5ee1cf9711316bc464cfa54831bd6df3d280cb8b6f62ba116210d692464f5b128eda9ccbfcecb8751c7e8dbd58ef1f33b6 
Contact us

If you wish to unsubscribe from receiving further marketing communications from The Economist Group 
https://click.b.economist.com/?qs=0dd99ddfa7f0e0bfc2d6eb74c029ef73f4c9691a11325f99825174ae2c69ea84ddce07b2013bf894b70144908e5ea91c22f3a13f52d0c9532685fa134c5f0089 
click here.

--pcmKqsJKFnRi=_?:
Content-Type: text/html;
	charset="utf-8"
Content-Transfer-Encoding: 8bit

<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">

<span style="display: none !important;"> 
      
    </span>
    <title> Pharma strategy, policy shifts, system risks—what to watch in 2026</title>
    
    <meta name="color-scheme" content="only">
    <meta name="supported-color-schemes" content="only">
    <style type="text/css">
      :root {
        color-scheme: only;
        supported-color-schemes: only;
      }
    </style>
    
<link href="https://fonts.googleapis.com/css2?family=Bebas+Neue&display=swap" rel="stylesheet">

<style type="text/css">
      
/* latin-ext */
@font-face {
  font-family: 'Bebas Neue';
  font-style: normal;
  font-weight: 400;
  src: url('https://fonts.gstatic.com/s/bebasneue/v14/JTUSjIg69CK48gW7PXoo9WdhyyTh89ZNpQ.woff2') format('woff2');
  unicode-range: U+0100-02AF, U+0304, U+0308, U+0329, U+1E00-1E9F, U+1EF2-1EFF, U+2020, U+20A0-20AB, U+20AD-20C0, U+2113, U+2C60-2C7F, U+A720-A7FF;
}
      
/* latin */
@font-face {
  font-family: 'Bebas Neue';
  font-style: normal;
  font-weight: 400;
  src: url('https://fonts.gstatic.com/s/bebasneue/v14/JTUSjIg69CK48gW7PXoo9WlhyyTh89Y.woff2') format('woff2');
  unicode-range: U+0000-00FF, U+0131, U+0152-0153, U+02BB-02BC, U+02C6, U+02DA, U+02DC, U+0304, U+0308, U+0329, U+2000-206F, U+2074, U+20AC, U+2122, U+2191, U+2193, U+2212, U+2215, U+FEFF, U+FFFD;
}
      
@font-face {
  font-family: 'EconSansOSReg'; 
  src: url('https://pages.eiu.com/rs/753-RIQ-438/images/EconSansOSReg.woff'); 
  font-weight: normal; 
  font-style: normal;
}
            
@font-face {
  font-family: 'EconSansOSBol'; 
  src: url('https://pages.eiu.com/rs/753-RIQ-438/images/EconSansOSBol.woff'); 
  font-weight: bold; 
  font-style: normal;
}
      
@font-face {
  font-family: 'EconSansOSRegIta'; 
  src: url('https://pages.eiu.com/rs/753-RIQ-438/images/EconSansOSRegIta.woff'); 
  font-weight: normal; 
  font-style: italic;
}

@font-face {
  font-family: 'EconSansOSBolIta'; 
  src: url('https://pages.eiu.com/rs/753-RIQ-438/images/EconSansOSBolIta.woff'); 
  font-weight: bold; 
  font-style: italic;
}

@font-face {
  font-family: 'EconSansOSLig'; 
  src: url('https://pages.eiu.com/rs/753-RIQ-438/images/EconSansOSLig.woff'); 
  font-weight: 300;
  font-style: normal;
}
      
@font-face {
 font-family: 'EconomistSerifOsF';
 font-style: normal;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-serif-roman.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSerifOsF';
 font-style: italic;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-serif-italic.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSerifSC';
 font-style: normal;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-serif-sc-roman.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSerifSC';
 font-style: italic;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-serif-sc-italic.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSerifLF';
 font-style: normal;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-serif-lf-roman.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSerifLF';
 font-style: italic;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-serif-lf-italic.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSansLF';
 font-style: normal;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-sans-roman.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSansLF';
 font-style: italic;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-sans-italic.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSansSC';
 font-style: normal;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-sans-sc-roman.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSansSC';
 font-style: italic;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-sans-sc-italic.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSansOsF';
 font-style: normal;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-sans-osf-roman.woff2) format("woff2")
}

@font-face {
 font-family: 'EconomistSansOsF';
 font-style: italic;
 font-weight: 300 900;
 src: url(https://cdn.design-system.economist.com/assets/7.15.0/common/static/fonts/economist-sans-osf-italic.woff2)
 format("woff2")
}
      
@font-face {
  font-display: swap;
  font-family: 'EconSansOSSec';
  font-style: normal;
  font-weight: 700;
  src: url(https://cdn.design-system.economist.com/assets/5.36.0/common/static/fonts/econsans-secondary-subset-bd.woff2) format("woff2"), url(https://cdn.design-system.economist.com/assets/5.36.0/common/static/fonts/econsans-secondary-subset-bd.woff) format("woff")
}
      
/* GT Zirkon */      
@font-face {
  font-family: 'GT-Zirkon';
  font-style: normal;
  font-weight: 700;
  src:  url(https://pages.eiu.com/rs/753-RIQ-438/images/GT-Zirkon-Bold.woff)
  format("woff")
}

@font-face {
  font-family: 'GTZirkonMed';
  font-style: normal;
  font-weight: 500;
  src:  url(https://pages.eiu.com/rs/753-RIQ-438/images/GT-Zirkon-Medium.woff)
  format("woff"),url("https://pages.eiu.com/rs/753-RIQ-438/images/GT-Zirkon-Medium.woff2")     format("woff2")
}

body {
        font-family: 'EconSansOSReg', Helvetica, Arial, sans-serif;
        color: #121212;
      }
      
      a {
        color: #1F2E7A; 
      }
      
      b * {
        font-weight: bold !important;
      }
      
      .button {
        color: #ffffff
      }
      
      .footerLink {
        color: #ffffff
      }
      
      .copy {
        font-family: 'EconSansOSReg', Helvetica, Arial, sans-serif;
        font-size: 18px;
        color:#121212;
        line-height:25px;
        padding: 0 16px;
      }
      
      .copy_noMargin{
        font-family: 'EconSansOSReg', Helvetica, Arial, sans-serif;
        font-size: 18px;
        color:#121212;
        line-height:25px;
      }
      
      .copy_dynamicFont, .copy_dynamicFont * {
        font-family: 'EconSansOSReg', Helvetica, Arial, sans-serif;
      }
      
      .copy_noFormatting, .copy_noFormatting * {
        font-family: 'EconSansOSReg', Helvetica, Arial, sans-serif;
      }
      
      .copy a {
        color:#1f2e7a;
        font-weight:bold;
      }
      
      .copy_noMargin a {
        color:#1f2e7a;
        font-weight:bold;
      }
      
      .backToBlue_copy_editorial {
        color: #121212 !important;
        font-size: 16px !important; 
        font-weight: normal !important; 
        line-height: 24px !important; 
        font-family: 'EconSansOSLig','Segoe UI', Helvetica, Arial, sans-serif;
        font-weight: 300 !important;
      }
      
      .backToBlue_copy {
        color: #121212 !important;
        font-size: 14px !important; 
        font-weight: normal !important; 
        line-height: 21px !important; 
        padding: 0px 20px !important;
        font-family: 'EconSansOSLig','Segoe UI', Helvetica, Arial, sans-serif;
        font-weight: 300 !important;
      }
      
      .backToBlue_copy_noMargin {
        color: #121212 !important;
        font-size: 14px !important; 
        font-weight: normal !important; 
        line-height: 21px !important; 
        font-family: 'EconSansOSLig','Segoe UI', Helvetica, Arial, sans-serif;
        font-weight: 300 !important;
      }
      
          .backToBlue_headline {
        color: #121212 !important;
        font-size: 24px !important; 
        line-height: 34px !important; 
        font-family:'EconSansOSReg', 'Segoe UI', Helvetica, Arial, sans-serif !important; 
        font-weight: 500 !important;
        letter-spacing: -0.01em !important;
            text-align: left;
      }
      
      .backToBlue_headline_noMargin {
        font-size: 16px !important; 
        line-height: 23px !important; 
        font-family: 'EconSansOSReg', 'Segoe UI', Helvetica, Arial, sans-serif !important;
        font-weight: bold !important;
        letter-spacing: -0.01em !important;
        padding: 0px 0px 6px 0px!important;
      }
      
      .backToBlue_preHeadline {
        font-size: 11px !important; 
        line-height: 15px !important; 
        font-family: 'EconSansOSReg', 'Segoe UI', Helvetica, Arial, sans-serif !important;
        font-weight: bold !important;
        letter-spacing: 0.15em !important;
      }
      
      .backToBlue_copy_editorial_bold {
        font-family: 'EconSansOSBol', 'Segoe UI', Helvetica, Arial;
        text-align: left;
      }
      
      .bebas-neue-regular {
        font-family: 'Bebas Neue', 'EconSansOSReg', 'Segoe UI', Helvetica, Arial, sans-serif;
        font-weight: 400 !important;
        font-style: normal;
        font-size: 24px !important;
        color: #FFFFFF;
      }
      
      .brandSwitch{
        font-family: 'EconSansOSReg', Helvetica, Arial, sans-serif;
      }
      
      .econsans{
        font-family: 'EconSansOSReg';
      }
      
      .econsansbold{
        font-family: 'EconSansOSBol';
      }

td.btn-teg-style-1 a {
        font-family: 'EconSansOSBol', 'Segoe UI', Helvetica, Arial, sans-serif;
        font-size: 16px;
        font-weight: bold;
        line-height: 20px;
        color: #ffffff;
        text-decoration:none; 
      }
      
       td.btn-teg-style-backtoblue-1 a {
        font-family: 'EconSansOSReg', 'Segoe UI', Helvetica, Arial, sans-serif;
        font-size: 14px !important;
        font-weight: 500 !important;
        line-height: 21px !important;
        color: #ffffff !important;
        text-decoration:none !important; 
      }
      
      td.impactEventsButton1 a {
        font-family:'EconSansOSReg', Helvetica, Arial, sans-serif !important;
        color:#ffffff !important;         font-size: 17px !important; 
        line-height: 20px !important; 
        text-align: center !important; 
        font-weight: 500 !important;
      }
      
      td.impactEventsButton2 a {
        font-family:'EconSansOSReg', Helvetica, Arial, sans-serif !important;
        color:#142680  !important;         font-size: 17px !important; 
        line-height: 20px !important; 
        text-align: center !important; 
        font-weight: 500 !important;
      }
      
      
      .arrow-btn-style-1 a {
        font-family: 'EconSansOSBol', 'Segoe UI', Helvetica, Arial, sans-serif;
        font-size: 18px;
        line-height: 24px;
        color: #121212;
        text-decoration:none; 
        font-weight:bold;
      }
      
      .arrow-btn-style-2 a {
        font-family: 'EconSansOSBol', 'Segoe UI', Helvetica, Arial, sans-serif;
        font-size: 12px;
        color: #0621BE;
        text-decoration:none; 
        font-weight:bold;
      }
      
      </style>
      
      
      
  <style type="text/css">      
      
      html,
      body {
        margin: 0 auto !important;
        padding: 0 !important;
        height: 100% !important;
        width: 100% !important;
      } 
      * {
        -ms-text-size-adjust: 100%;
        -webkit-text-size-adjust: 100%;
        -webkit-font-smoothing: antialiased;
      } 
      div, p, a, li, td { 
        -webkit-text-size-adjust:none; 
      }

/* What it does: Centers email on Android 4.4 */
      div[style*="margin: 16px 0"] {
        margin: 0 !important;
      }

/* What it does: Stops Outlook from adding extra spacing to tables. */
      table td {
        mso-table-lspace: 0pt !important;
        mso-table-rspace: 0pt !important;
        border-collapse: collapse;
      }
      table {
        border-spacing: 0 !important;
      }
      
      /* What it does: Uses a better rendering method when resizing images in IE. */
      img {
        -ms-interpolation-mode: bicubic;
        border: 0;
        outline: 0;
      }
      
      /* What it does: A work-around for iOS and Gmail (add id "body" to the body tag) meddling in triggered links. */
      *[x-apple-data-detectors],
      u + #body a {
        color: inherit !important;
        text-decoration: none !important;
        font-size: inherit !important;
        font-family: inherit !important;
        font-weight: inherit !important;
        line-height: inherit !important;
      }
      u + #body a.fontLink {
        color: #1F2E7A !important;
      }
      u + #body a.fontPreheader {
        font-size: 11px !important;
      }
      u + #body a.fontFooterOptoutLink {
        color: #ffffff !important;
        font-size: 12px !underline;
        line-height: 18px !underline;
        text-decoration: underline !underline;
      }
      u + #body a.fontFooterLink {
        color: #ffffff !important;
        font-size: 11px !underline;
        text-decoration: underline !underline;
      }

/* What it does: A work-around for Gmail meddling in triggered links. */
      .x-gmail-data-detectors, 
      .x-gmail-data-detectors *, 
      .aBn {
        border-bottom: 0 !important;
        cursor: default !important;
      }
      
      /* What it does: Prevents Gmail from displaying an download button on large, non-linked images. */
      .a6S {
        display: none !important;
        opacity: 0.01 !important;
      }
      /* If the above doesn't work, add a .g-img class to any image in question. */
      img.g-img + div {
        display: none !important;
      }
      
      /* What it does: Prevents underlining the button text in Windows 10 */
      .button-link {
        text-decoration: none !important;
      }
      
      /* Forces Hotmail to display emails at full width */
      .ReadMsgBody {
        width: 100%;
      }
      /*Hotmail table centering fix*/
      .ExternalClass {
        width: 100%;
      }
      /* Forces Hotmail/Outlook to display normal line spacing*/
      .ExternalClass * {
        mso-line-height-rule:exactly;
        line-height: 100%;
      }
      
      /*Yahoo paragraph fix*/
      p {
        margin: 1em 0;
      }

@-ms-viewport {
        width: device-width;
      }
      
      /* Gmail app right margin fix */
      @media only screen and (min-device-width: 320px) and (max-device-width: 374px) {
        /* iPhone 5 and 5S */
        .email-container {
          min-width: 320px !important;
        }
      }
         
      @media only screen and (min-device-width: 375px) and (max-device-width: 414px) {
        /* iPhone 6 and 6+ */
        .email-container {
          min-width: 375px !important;
        }
      }
    </style>

<style>
      @media screen yahoo {
        * {
          overflow: visible!important
        }
        .y-overflow-hidden {
          overflow: hidden!important
        }
      }
    </style>

.mobile-hidden {
        display: block !important;
        display: table !important;
      }
      .desktop-hidden,
      .desktop-hidden.mobile-hidden {
        display: none !important;
      }
      .nav-mobile-hidden {
        display: block !important;
        display: table-cell !important;
      }

/* column classes come here
      .column-280 {
        max-width: 280px !important;
      }*/

@media only screen and (max-device-width: 599px) {
        .mobile-hidden,
        .desktop-hidden.mobile-hidden,
        .nav-mobile-hidden {
          display: none !important;
        }
        .desktop-hidden {
          display: block !important;
        }

.logo-version-b {
          width: 100% !important;
        }

/* mobile column classes come here
        .column-280 {
        max-width: 100% !important;
        }*/
      }
    </style>

<style type="text/css">
      @media (prefers-color-scheme: dark) {
        /* Shows Dark Mode-Only Content, Like Images */
        .dark-img { 
          display:block !important; 
          width: auto !important; 
          overflow: visible !important; 
          float: none !important; 
          max-height: inherit !important; 
          max-width: inherit !important; 
          mso-line-height-rule:exactly;
          line-height: auto !important; 
          margin-top: 0px !important; 
          visibility: inherit !important; 
        }

/* Hides Light Mode-Only Content, Like Images */
        .light-img { 
          display: none; 
          display: none !important; 
        }

/* Custom Dark Mode Text Link Color */
        .fontLink { 
          color: #ff9100 !important; 
        }
      }
    </style>

<style type="text/css">
      ReadMsgBody{ width: 100%;}
      .ExternalClass {width: 100%;}
      .ExternalClass, .ExternalClass p, .ExternalClass span, .ExternalClass font, .ExternalClass td, .ExternalClass div {line-height: 100%;}
      body {-webkit-text-size-adjust:100%; -ms-text-size-adjust:100%;margin:0 !important;}
      p { margin: 1em 0;}
      table td { border-collapse: collapse;}
      img {outline:0;}
      a img {border:none;}
      @-ms-viewport{ width: device-width;}
    </style>
    <style type="text/css">
      @media only screen and (max-width: 480px) {
        .container {width: 100% !important;}
        .footer { width:auto !important; margin-left:0; }
        .mobile-hidden { display:none !important; }
        .logo { display:block !important; padding:0 !important; }
        img { max-width:100% !important; height:auto !important; max-height:auto !important;}
        .header img{max-width:100% !important;height:auto !important; max-height:auto !important;}
        .photo img { width:100% !important; max-width:100% !important; height:auto !important;}
        .drop { display:block !important; width: 100% !important; float:left; clear:both;}
        .footerlogo { display:block !important; width: 100% !important; padding-top:15px; float:left; clear:both;}
        .nav4, .nav5, .nav6 { display: none !important; }
        .tableBlock {width:100% !important;}
        .responsive-td {width:100% !important; display:block !important; padding:0 !important; }
        .fluid, .fluid-centered {
          width: 100% !important;
          max-width: 100% !important;
          height: auto !important;
          margin-left: auto !important;
          margin-right: auto !important;
        }
        .fluid-centered {
          margin-left: auto !important;
          margin-right: auto !important;
        }
        /* MOBILE GLOBAL STYLES - DO NOT CHANGE */
body, .tb_properties{font-family: Arial !important; font-size: 16px !important; color: #E9E3C7 !important; line-height: 1.5 !important; padding: 0px !important; }.buttonstyles{font-family: Arial, helvetica, sans-serif !important; font-size: 16px !important; color: #E9E3C7 !important; padding: 5px 50px !important; }h1{font-size: 22px !important; color: #E9E3C7 !important; line-height: 1 !important; }h2{font-family: Arial !important; font-size: 20px !important; color: #202020 !important; line-height: 1 !important; }h3{font-family: Arial !important; font-size: 18px !important; color: #202020 !important; line-height: 1 !important; }a:not(.buttonstyles){line-height: 1 !important; }.mobile-hidden{display: none !important; }.responsive-td {width: 100% !important; display: block !important;
 padding: 0 !important;}
/* END OF MOBILE GLOBAL STYLES - DO NOT CHANGE */
      }
      @media only screen and (max-width: 640px) {
        .container { width:100% !important; }
        .mobile-hidden { display:none !important; }
        .logo { display:block !important; padding:0 !important; }
        .photo img { width:100% !important; height:auto !important;}
        .nav5, .nav6 { display: none !important;}
        .fluid, .fluid-centered {
          width: 100% !important;
          max-width: 100% !important;
          height: auto !important;
          margin-left: auto !important;
          margin-right: auto !important;
        }
        .fluid-centered {
          margin-left: auto !important;
          margin-right: auto !important;
        }
      }
    </style>

</head>
  
  <body id="body" class="darkmodeOuter" style="margin: 0; padding: 0; min-width: 100%; background-color: #F2F3F2; color: #121212;" yahoo="fix" bgcolor="#F2F3F2" text="#121212"><style type="text/css">
div.preheader 
{ display: none !important; } 
</style>
<div class="preheader" style="font-size: 1px; display: none !important;"> Pharma strategy, policy shifts, system risks—what to watch in 2026</div>
    <center class="darkmodeOuter" style="width: 100%; table-layout: fixed; background-color: #F2F3F2;">
      <table class="darkmodeOuter" width="100%" cellpadding="0" cellspacing="0" border="0" style="width: 100%; border-spacing: 0; background-color: #F2F3F2; color: #121212;">
        <tr>
          <td class="trackingId" style="padding: 0;">
            
          </td>
        </tr>
        <tr>
          <td>
            <div class="gmailfix" style="white-space: nowrap; font: 15px courier; line-height: 0;">
              &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 
              &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 
              &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
            </div>
            <div style="font-size:0; line-height:0;">
              <img src="https://click.b.economist.com/open.aspx?ffcb10-fe9916717061077977-fe22167772660c75741678-fe8d13727c61047f7c-ff6415717c-fe3216787366017c741573-ff3a16707466&d=70247&bmt=0" width="1" height="1" alt="">
              
            </div>
            <div class="email-container" style="max-width: 600px; Margin: 0 auto;">

<table class="darkmodeInner" align="center" cellpadding="0" cellspacing="0" border="0" width="100%" style="border-spacing: 0; Margin: 0 auto; width: 100%; max-width: 600px; background-color: #F2F3F2;">
                <tr>
                  <td class="header" style="padding: 0;">
                    
<span style="display:none">

</span>
                    <span style="display:none"></span>

</span>
                    <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"> <span style="display:none">  </span> <table align="center" bgcolor="#ffffff" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width: 600px;" width="100%;">
 
  <tr>
   <td bgcolor="#F5F4EF" class="pt24-pb32" style="padding: 20px 16px" valign="top">
    <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%" height="20">
     
      <tr>
       <td align="left" style="vertical-align: middle;" valign="middle">
        <a href="https://click.b.economist.com/?qs=0dd99ddfa7f0e0bfa7d48363fc1e1bb0afae78817a8b8fd2dec00a6d70ca16cbd5c67efc2a807d4117d45d915fe1fcd534fe43b66ded4ebd32037e2ae945aad3" style="font-size: 14px;text-decoration:none;">&nbsp;</a></td><td align="right" class="copy_dynamicFont" style="vertical-align: middle; font-size: 14px;" valign="middle">
        <a href="https://view.b.economist.com/?qs=704a1cce6242be80aba3638e6a4e71babc51efaec1caf891dd9de0d78e88ca48db23715ff1fb2832f9cd1d10050ccb1e7f3efece0fbe0b7d7e09a694605e02883fd334db646519aaf1f89ea1e6862d62" style="color: #121212; text-decoration: none; font-size: 14px;" target="_blank">Read in browser</a></td></tr></table></td></tr><tr>
   <td style="padding: 30px 20px;" valign="top">
    <table border="0" cellpadding="0" cellspacing="0" role="presentation" width="100%">
     
      <tr>
       <td align="left" style="vertical-align: middle; padding: 0 16px 0 0; text-align:left;" valign="middle" width="240">
        <a  href="https://click.b.economist.com/u/?qs=0dd99ddfa7f0e0bf80dbcc15278d1f843bd94760c3fae7d20507acf411828360d3f72a65e330fdb7a8fe236367b8223fbe1340b36f820bc775ffe45e9b237732"  target="_blank"><img alt="Economist Intelligence Unit" border="0" src="https://image.b.economist.com/lib/fe8d13727c61047f7c/m/1/e33ffdb2-6a9e-4224-a59b-27edd40dba73.jpg" style="display: block; border: none;" width="240"> </a></td><td align="right" style="vertical-align: middle; padding: 0; text-align:right;" valign="middle" width="160">
        <span class="copy_dynamicFont" style="font-size: 14px;">January 16th 2026</span></td></tr></table></td></tr></table> </td></tr></table>
                  </td>
                </tr>
                <tr>
                  <td class="main_content" style="padding: 0; background-color:#ffffff;">
                    <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table width="100%" cellspacing="0" cellpadding="0" role="presentation"><tr><td align="center"><img data-assetid="379063" src="https://image.b.economist.com/lib/fe8d13727c61047f7c/m/1/5150152e-7db0-4084-8bad-b23d44c5cb1d.png" alt="" width="2400" style="display: block; padding: 0px; text-align: center; height: auto; width: 100%; border: 0px;"></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="left" border="0" cellpadding="0" cellspacing="0">
	
		<tr>
			<td height="30" style="line-height:0px;font-size:0px;">
				&nbsp;</td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 0px 20px; " class="stylingblock-content-wrapper camarker-inner">Marlon,<br>
<br>
Health systems and pharmaceutical firms will enter 2026 under renewed pressure&mdash;from tighter budgets and evolving trade policy to patent expiries and shifting regulatory frameworks.<br>
<br>
Join EIU&rsquo;s experts for a live briefing on <b>Tuesday, January 20th</b> to explore the trends likely to shape global healthcare investment, access and strategy in the year ahead.</td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="left" border="0" cellpadding="0" cellspacing="0">
	
		<tr>
			<td height="30" style="line-height:0px;font-size:0px;">
				&nbsp;</td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 0px 20px; " class="stylingblock-content-wrapper camarker-inner"><div>
	<b>Date: </b>Tuesday, January 20th 2026<br>
	<b>Register for session 1: </b><a   data-linkto="https://" href="https://click.b.economist.com/?qs=0dd99ddfa7f0e0bfedd6b9ac6006e2b6d9d3962443e23522bf346c13fdf1e60d70270318548e563a7c9ccd0264144419ae1547fd1013422ec1669cd0d4c10c2e" style="color:#1f2e7a;text-decoration:none;" title="8:30am GMT | 9:30am CET | 4:30pm HKT">8:30am GMT | 9:30am CET | 4:30pm HKT</a><br>
	<b>Register for session 2: </b><a   data-linkto="https://" href="https://click.b.economist.com/?qs=0dd99ddfa7f0e0bf404a9941cf2a02eaede90056bb1e55ca2e1d1f0a4d3c51bcbd0450f6112f1bf208afb05d20593a8c806175030e764f2a5a84d4a8233e2232" style="color:#1f2e7a;text-decoration:none;" title="10:00am EST | 3:00pm GMT | 4:00pm CET">10:00am EST | 3:00pm GMT | 4:00pm CET</a></div></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="left" border="0" cellpadding="0" cellspacing="0">
	
		<tr>
			<td height="30" style="line-height:0px;font-size:0px;">
				&nbsp;</td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 0px 20px; " class="stylingblock-content-wrapper camarker-inner"><b>What to expect:</b><ul>
	<li>
		A look at how spending patterns are shifting under fiscal and demographic strain</li><li>
		Insight into how pharma strategy is evolving amid pricing reforms and trade threats</li><li>
		The policy implications of the US withdrawal from the WHO</li><li>
		A forward view on global coordination, risk and access</li></ul>This session will include a live Q&amp;A, giving you the opportunity to pose your own questions directly to EIU&rsquo;s industry experts. Register now to secure your place.<br>
<br>
<b>The EIU <span>team</span></b><br>
<span style="display: none;">&nbsp;</span>&nbsp;</td></tr></table>
                  </td>
                </tr>
                <tr>
                  <td class="footer" style="padding: 0;">
                    <span style="display:none"></span>
                    <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#0D0D0D" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
 
  <tr>
   <td class="econsans" style="padding:16px 16px; font-family:'Segoe UI',Helvetica,sans-serif; font-size:14px; color:#ffffff; line-height:23px; text-align:center;" valign="top">
    <p style="margin:0;">
    </p></td></tr><tr>
   <td align="center" style="padding:0 0 24px 0;" valign="top">
    <table align="center" border="0" cellpadding="0" cellspacing="0" role="presentation">
     
      <tr>
       <td style="padding:0 8px 0 8px;" valign="top">
        <a  href="https://click.b.economist.com/u/?qs=0dd99ddfa7f0e0bf9f1d9aca7555b088356dd72cef21c872fafd867d72ae9aa9efc012a1bd0acce50580863f7a5328c99ee99674425ab9baf479a8f2f055901d"  target="_blank"><img alt="Twitter" border="0" height="32" src="https://image.b.economist.com/lib/fe8d13727c61047f7c/m/1/a15b7372-2854-4b4b-990d-cfb66b2b7068.png" style="display:block; border:none;" width="32"></a></td>
       <td style="padding:0 8px 0 8px;" valign="top">
        <a  href="https://click.b.economist.com/u/?qs=0dd99ddfa7f0e0bfdfc2ce9397537a1db2c4a22278aac856c2dcb1395b10fca13df247e52a389a66c05765fd5ab5523ea7c9f783936195dd6bf17305ad62f8fc"  target="_blank"><img alt="Facebook" border="0" height="32" src="https://image.b.economist.com/lib/fe8d13727c61047f7c/m/1/8a56d00e-6b8b-401e-aba6-68c5bf58b95b.png" style="display:block; border:none;" width="32"> </a></td>
<td style="padding:0 8px 0 8px;" valign="top">
        <a  href="https://click.b.economist.com/u/?qs=0dd99ddfa7f0e0bf053369afabea8754bdadefb73ae871a087b2a105ca4f67f557fabce920ea6f80135c859db761095674aa5931362e54552e2d2e1a6057aaa0"  target="_blank"><img alt="LinkedIn" border="0" height="32" src="https://image.b.economist.com/lib/fe8d13727c61047f7c/m/1/ab334f2b-37e2-45de-9c86-b4e1e5053a7d.png" style="display:block; border:none;" width="32"> </a></td>
<td style="padding:0 8px 0 8px;" valign="top">
        <a  href="https://click.b.economist.com/u/?qs=0dd99ddfa7f0e0bf5053f04b8b493db05d9db02604e1234bd348cb2972036bbeb8cbb91fc3f8ac98fade92dbcbbbbf23df44ab53fa6e5704992db8c33120d50a"  target="_blank"><img alt="Youtube" border="0" height="32" src="https://image.b.economist.com/lib/fe8d13727c61047f7c/m/1/ec45bdef-4596-473c-9d59-40723e073710.png" style="display:block; border:none;" width="32"> </a></td></tr></table></td></tr></table></td></tr></table>
                    <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#0D0D0D" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
 
  <tr>
   <td class="econsans" style="padding:0px 16px; font-family:'EconSansOSReg','Segoe UI',Helvetica,sans-serif; font-size:14px; color:#ffffff; line-height:23px; text-align:center;" valign="top">
    <p style="margin:0;">
     The Economist Group<br>
     <br>
     We take your privacy seriously and operate a strict privacy policy.</p><div style="display:block; height:16px; font-size:16px; line-height:16px;">
     &nbsp;</div><p style="margin-top:0;">
     <a   data-linkto="https://" href="https://click.b.economist.com/u/?qs=0dd99ddfa7f0e0bf20dabb8835661a94abd2542bdb97786ce9b5d139d7cc9ed5010a8b04398bdabe9cac87586e922682af90f292a0045b4dd5155afb7f2cde4c"  style="font-family: 'EconSansOSBol','EconSansOSReg','Segoe UI',Helvetica,sans-serif; color:#ffffff;text-decoration:none; white-space:nowrap;font-weight:700;" target="_blank" title="">Privacy Policy</a> &nbsp;|&nbsp; <a   data-linkto="https://" href="https://click.b.economist.com/u/?qs=0dd99ddfa7f0e0bf63b2b3dd7ad8566f5f06c914779efbbd03e98b2e0dc00a76f10acec560eac513a9692d0c0a10bf0f83829fdf9c6905fec9c122e2cc66a08c"  style="color:#ffffff;text-decoration:none; white-space:nowrap;font-weight:700;" target="_blank" title="">Contact us</a></p></td></tr></table></td></tr></table>
                    <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#0D0D0D" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
 
  <tr>
   <td class="econsans" style="padding:0px 16px; font-family:'EconSansOSReg','Segoe UI',Helvetica,sans-serif; font-size:14px; color:#ffffff; line-height:23px; text-align:center;" valign="top">
    <div style="display:block; height:16px; font-size:16px; line-height:16px;">
     &nbsp;</div>If you wish to unsubscribe from receiving further marketing communications from The Economist Group <a   data-linkto="other" href="https://click.b.economist.com/u/?qs=0dd99ddfa7f0e0bfe3a94dbdf6d910df65bf13784ca64d5d71a11ae56ab28380d2ac76b28817d58796483883fd49db96bbb348cbb6e4f68f5dd21ae90d273c83"  style="color:#ffffff;text-decoration:none;white-space:nowrap;font-weight:700;" target="_blank" title="">click here.</a><p>
    </p></td></tr></table></td></tr></table><table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="min-width: 100%; " class="stylingblock-content-wrapper"><tr><td class="stylingblock-content-wrapper camarker-inner"><table align="center" bgcolor="#0D0D0D" border="0" cellpadding="0" cellspacing="0" role="presentation" style="max-width:600px;" width="100%">
 
  <tr>
   <td class="econsans" style="padding:0px 16px; font-family:'EconSansOSReg','Segoe UI',Helvetica,sans-serif; font-size:14px; color:#ffffff; line-height:23px; text-align:center;" valign="top">
    <p style="margin:0;">
     The Economist Group &#169; 2026. All rights reserved.</p></td></tr></table></td></tr></table>
                    <table cellpadding="0" cellspacing="0" width="100%" role="presentation" style="background-color: transparent; min-width: 100%; " class="stylingblock-content-wrapper"><tr><td style="padding: 0px; " class="stylingblock-content-wrapper camarker-inner"><table align="left" bgcolor="#0D0D0D" border="0" cellpadding="0" cellspacing="0" style="max-width:600px;" width="100%">
 
  <tr>
   <td style="padding-bottom:16px; background-color:#0D0D0D">
    &nbsp;</td></tr></table></td></tr></table>
                    
                    
<span style="display:none">
  
</span>
                  </td>
                </tr>
              </table>

</div>
          </td>
        </tr>
      </table>
    </center>
    
    <span style="display: none !important; visibility: hidden; opacity: 0; color: transparent; height: 0; width: 0;">
      
    </span>
    
  </body>
</html>

--pcmKqsJKFnRi=_?:--