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WATCH: Ex-hedge funder who hiked AIDS pill cost by 5,500 percent says drug ‘still underpriced’

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Appearing on Bloomberg TV, the CEO of a pharmaceutical company that recently hiked the price of a drug used for critically ill infants and AIDS patients by 5,500 percent , defended the price increase by promising better things to come for future patients.

Martin Shkreli, 32, the founder and chief executive of Turing Pharmaceuticals, recently purchased the rights to Daraprim and immediately increased the cost from $13.50 to $750 per pill.

Asked why the huge increase in cost, Shkreli explained that the old companies who owned the drug were “practically giving it away almost,” and he needs to turn a profit.

Noting that the pill sold for $13.50 and the course of treatment “to save your life was only a $1,000,” Shrkeli said he had to make a change.

“We know, these days, in modern pharmaceuticals, cancer drugs can cost $100,000 or more, whereas these drugs can cost a half of a million dollars,” he explained. “Daraprim is still under-priced relative to its peers.”

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Pharmaceutical CEO: $750 is a ‘more appropriate’ price for $13 AIDS medicine

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Asked if the pill really only costs $1 to manufacture, Shkreli agreed and said, “It costs very little to make Daraprim.”

Shkreli then listed off manufacturing, distribution, and FDA costs as well as paying the people “who make it to specifications.”

Pressed even further on the $750 cost per pill, the CEO defended the price by noting how much it brought into the pharmaceutical company annually.

“This drug was making $5 million in revenue,” he said with a smile. “And I don’t think you can find a drug company on this planet that can make money on $5 million in revenue.”

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Shkreli stated that the drug is made for a “very very tough disease.”

“It requires a lot of attention and focus. The drug company needs to partner with the patients and make sure that it’s a very cared for community. And that costs a lot of money too,” pointing out that the company also “gives away” the drug for $1 for those who can’t afford it.

Shkreli added: “Patients now have a powerful ally in our company.”

Watch video below from Bloomberg TV:

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Florida man’s own family blasts him after he was arrested for racist threats: ‘This isn’t how we were raised’

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After a Florida man was arrested for trying to start a race war, a member of his own family slammed his values.

"A Florida man’s social media posts that threatened violence against African-Americans, Jews and homosexuals and that urged his followers to start a race war netted him a $1 million bond," the Miami Herald reported Saturday. "And then there’s another $100,000 bond he would have to pay to get out of Lee County Jail because of a weapons charge."

Joshua Leff, 40, is being held in the Lee County Jail.

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‘Weakness doesn’t win elections’: Indivisible co-founder explains why members are holding #ImpeachTrump rallies

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The growing support to commence impeachment proceedings by House Democrats is driven by their need to fire up grassroots support to hold control of the chamber, an Indivisible co-founder explained on MSNBC.

"The call for impeachment continues. this as protesters are hitting the street in more than 140 rallies planned across the country. Organizers say the "Impeach Trump" event is a day of action urging House Democrats to start impeachment proceedings," MSNBC's Richard Lui reported Saturday.

"A new survey from the indivisible project finds 80 percent of their respondents say the House should start impeachment proceedings," he noted. "Right now in the House, 63 Democrats and one Republican support impeachment."

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Mississippi fast food cashier ‘terminated immediately’ for ugly racist slur on customer’s receipt

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The owner of a fast food restaurant in Mississippi "terminated immediately" an employee after a racist and misogynistic slur of patrons.

When Lex Washington visited Who Dat's Drive-Thru in Oxford with her roommate, the cashier listed them on the receipt as "black b*tches in a silver car."

A manager reportedly refused to apologize at the time, and instead "laughed in her face."

A photo of the receipt then spread on social media.

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