Donald Trump Jr. is on the Prescription Access Platform Committee following his $140 million investment in Capital startups in 1789. This became the latest board meeting my eldest son has attended since the election.
Rather than working in his father's administration, Trump Jr. doubled his private sector presence. Since November he has been on the board of Omeed Malik's 1789 capital and Grab-A-Gun retailer of the e-commerce platforms Publicsquare and Firearms, a previously reported post.
Trump Jr. and Malik said the focus is on solving many of the same issues the government is working on, including making healthcare a more affordable and encouraging innovation.
“In 1789, we invested in innovative technologies in the economic sector, such as education and healthcare, where excessive government involvement actually led to poor results and increased costs,” Malik said. I said. “Our portfolio companies are trying to use the free market to correct these issues.”
“It's ridiculous that hardworking Americans can't get the medicine they need,” Trump Jr. told Nynext. “BlinkRx has built the most advanced technology and business models to fix this broken system. I have the power to ensure that all Americans have access to the medicines they deserve. We are completely committed to doing everything in. This is not just business, but our mission is to solve one of the biggest mistakes in healthcare using entrepreneurship and innovation.”
This move comes as Blinkrx seeks to expand its efforts to provide low-cost prescription drug delivery and support as a US patient and the Department of Health and Human Services. Consider possible partnerships With the private sector. Malik and Trump Jr. were close to Robert F. Kennedy Jr. and helped him take him to Magalfold.
“We hope that all these administrative members are focused on innovation and will use it to solve the problem,” Blinkrx CEO Geoff Chaiken told Nynext.
According to a Blinkrx spokesman, That user saves an average of $70 per prescription. Online pharmacies can help patients access medicines at a low price by working directly with drug manufacturers to analyze insurance costs and finding the most affordable options. Sources told Nynext that the company is expected to be made public over the next two years.
“There's a lot of friction in getting a prescription. I don't know if there's stock, how much it costs, or if it's available for a low price,” Chaiken said. I added. “Blinkrx connects all stakeholders in the ecosystem, knows the lowest price after the prescription is written for you and encourages delivery at home.”
Malik and Trump have become key investors in the “parallel economy” by taking advantage of opportunities skipped by awakened investors who prioritize businesses that promote environmental, social and governance issues known as ESG investment. Ta. Instead, Malik created the shorthand EIG (entrepreneurship, innovation, growth) to characterize the capital's priorities in 1789.
Trump Jr.'s involvement in Blinkrx not only serves as a seal of approval from the MAGA crowd, but also shows how the parallel economy is expanding to touch all sectors.
Malik published Publicsquare, a conservative e-commerce company, Publicsquare, via a special purpose acquisition company in 2023. He later expanded his investment portfolio to include Firearms, Tucker Carlson's media network, rocket engine makers Firehawk and Newsletter Platform Suppack.
1789 led the company's latest $140 million funding. It closed in November and included 8VC in Jole Lonsdale, Fidelity Investments, Paul Allen's Family Office Celcano Management and Sweetwater Private Equity.
Malik's 1789 capital, named after the year the Bill of Rights was adopted, raised more than $150 million from GOP Mega-Donor Rebekah Mercer.
