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.
- 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.
Insights by Ground AI
Podcasts & Opinions
157 Articles
157 Articles
Pfizer CEO attending $25 million fundraiser at Trump's golf club after president demands drug price cuts, sources say
Pfizer CEO Albert Bourla is expected at a pro-Trump fundraiser on Friday, sources told CBS News, one day after the president sent a letter pushing drug companies to slash prices.
·United States
Read Full Article
Trump's Makes Ultimatum to Drug Companies Demanding Lower Prices by September
Ever wonder why your heart medication costs more than your mortgage payment? For decades, American families have faced an impossible choice at the pharmacy counter.... The post Trump’s Makes Ultimatum to Drug Companies Demanding Lower Prices by September appeared first on Patriot Journal.
·United States
Read Full ArticleCoverage Details
Total News Sources157
Leaning Left29Leaning Right32Center46Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 27%
C 43%
R 30%
Factuality
To view factuality data please Upgrade to Premium
