US EditionTrump demands pharma companies slash drug prices in next 60 days
UNITED STATES, JUL 31 – President Trump demands 17 pharmaceutical companies align U.S. drug prices with lowest international rates and return excess overseas revenue to reduce costs for Medicaid patients and new drugs.
- President Donald Trump demanded that 17 pharmaceutical companies reduce U.S. drug prices within 60 days, emphasizing the need for most-favored-nation pricing for Medicaid patients.
- Trump's proposals include ensuring that all new drugs come with reduced prices and that drugmakers negotiate prices harder with foreign countries.
- Following Trump's announcement, shares of major drug companies fell, indicating investor concern over potential compliance with the price-cut demands.
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Total News Sources157
Leaning Left27Leaning Right27Center43Last UpdatedBias Distribution44% Center
Bias Distribution
- 44% of the sources are Center
44% Center
L 28%
C 44%
R 28%
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