The White House is threatening the patents of high-priced drugs developed with taxpayer dollars

The Biden administration is putting pharmaceutical companies on notice, warning them that if the price of certain drugs is too high, the government might cancel their patent protection and allow rivals to make their own versions.

President Joe Biden will land in Los Angeles for a wave of fund-raising on Friday, Dec. 8, with events planned with such high-profile Hollywood figures as Steven Spielberg, Barbra Streisand, Rob Reiner, Jeffrey Katzenberg and Shonda Rhimes. First Lady Jill Biden will also be in Southern California, with a schedule that includes a private fund-raiser and an appearance at Cedars Sinai Medical Center to promote women’s health awareness.