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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.
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Forbes broke the news in United States on Thursday, July 31, 2025.
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