US EditionPfizer agrees to lower prescription drug costs for Medicaid in a deal with Trump
Pfizer will reduce Medicaid drug prices by matching the lowest global rates and invest $70 billion in U.S. manufacturing and research, securing a three-year tariff exemption.
- At a White House event on Sept. 30, Pfizer and the administration revealed a deal to lower the cost of some U.S. prescription drugs, announced by President Donald Trump and Albert Bourla, Pfizer Chairman and CEO.
- Reviving a prior policy, the administration reinstated Most Favored Nation policy and warned of a 100% tariff on branded pharmaceutical importers unless they build U.S. plants.
- Pfizer pledged a $70 billion investment in U.S. research and manufacturing, will sell some drugs at Most-Favored-Nation pricing with savings up to 85%, and the White House unveiled the TrumpRX website.
- Medicaid, which covers more than 70 million people, will receive MFN pricing while new Medicaid prices launching in 2026 exclude Medicare, which spends more on drugs.
- Investors cheered while experts warned that Pfizer shares rose more than 6%, lifting Eli Lilly, Merck, Amgen, AbbVie and GSK, but MFN directives could prompt higher prices abroad.
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Can TrumpRx really lower drug prices?
Call him the Pharmacist-in-Chief. President Donald Trump last week announced the launch of TrumpRx, a website where Americans will be able to find discounted medicine. It is part of a “sweeping deal” with Pfizer to offer lower-priced drugs to the public.The pharmaceutical company will highlight many of its brand-name drugs at a 50% discount on the new website, said CNN. (The site will not “sell or distribute medications” but instead let users fi…
Los Angeles Times
Independent Español“I can’t tell you how big this is,” the president said.
Trump Announces Pfizer Deal Offering Discounts On Medicines Via 'TrumpRx' Website
Pfizer has agreed to lower the cost of prescription drugs for Medicaid under a deal struck with the Trump administration, President Donald Trump said Tuesday as he promised similar deals with other drugmakers under the threat of tariffs.
Under pressure from Donald Trump, Pfizer cuts prices on some drugs in the US
Yielding to demands from Washington, the pharmaceutical company has agreed to lower the price of medications available under public health insurance program Medicaid in exchange for a three-year exemption from tariffs.
Why Pfizer Stock Trounced the Market Today @themotleyfool #stocks $PFE
Key PointsInvestors continued to be positive on the pharmaceutical giant following a deal reached with the government.Among other benefits, it will have a reprieve from potential tariffs on its industry.10 stocks we like better than Pfizer › Still basking in the glow of a likely advantageous deal it signed with the government the previous day, Pfizer's (NYSE: PFE) stock was extremely healthy on Hump Day. That positive sentiment was boosted by a …
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