Skip to main content
See every side of every news story
Published loading...Updated

Trump 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.

  • Donald Trump has ordered 17 major pharmaceutical companies to lower drug prices within 60 days, or face consequences, as noted in his letters.
  • Trump's action follows an executive order he signed, aimed at aligning U.S. drug prices with the lowest prices paid by other developed nations.
  • Key players like Eli Lilly, Merck, and AstraZeneca must adhere to Trump's demand for lower Medicaid prices and future drugs at these rates.
  • Trump threatened to use 'every tool in our arsenal' against companies that fail to comply, as U.S. patients currently pay significantly higher prices for medications than in other countries.
Insights by Ground AI
Podcasts & Opinions

157 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 43% of the sources are Center
43% Center

Factuality Info Icon

To view factuality data please Upgrade to Premium

Ownership

Info Icon

To view ownership data please Upgrade to Vantage

Forbes broke the news in United States on Thursday, July 31, 2025.
Too Big Arrow Icon
Sources are mostly out of (0)

Similar News Topics

News
Feed Dots Icon
For You
Search Icon
Search
Blindspot LogoBlindspotLocal