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Trump administration to announce drug pricing deals
The agreements build on earlier deals with 17 major drugmakers and could save up to $64.3 billion over 10 years, officials said.
On Monday, President Donald Trump is expected to announce a new round of drug-pricing agreements as part of a push to make healthcare more affordable for Americans.
These new deals build on agreements the administration reached last year with 17 of the world's largest drugmakers, including Pfizer, Eli Lilly, and Amgen, to lower prescription costs.
Germany-Based Bayer, Japan's Takeda, and Australia-based CSL are expected to join the initiative, following reports that smaller mid-size firms previously delayed signing due to limited financial benefits.
Officials state the broader effort could save $64.3 billion in federal and state spending over the next decade, though they characterize this projection as speculative.
Ahead of midterm elections that will decide control of Congress, the White House is promoting these healthcare efforts while Trump continues pressuring manufacturers to lower prices.