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Trump demands drugmakers slash prices within 60 days

CNBC · Recent
CNBC
CNBC
Recent

President Donald Trump said he asked major pharmaceutical companies to take steps to cut U.S. drug prices within the next 60 days. On Truth Social, Trump posted individual letters he sent 17 drugmakers, including Eli Lilly, GSK, Pfizer, Regeneron, Merck, Pfizer and Novo Nordisk.

Breakdown
  • President Trump demanded drugmakers lower prices for Americans within 60 days.
  • He requested Medicaid patients receive drugs at the same prices paid abroad. 16s
  • Trump called for Medicare, Medicaid, and private insurance patients to get lower overseas prices for new medicines. 24s
  • Experts question whether the president can enforce these changes without Congress. 44s
  • Concerns were raised that price controls could harm drug innovation in the US. 1m 25s
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