U.S. President Donald Trump speaks during a press conference in the Roosevelt Room at the White House in Washington, D.C., U.S., May 12, 2025.
Nathan Howard | Reuters
President Donald Trump on Tuesday will announce an agreement with Pfizer to voluntarily sell its medications at lower prices, as his administration pushes to link U.S. drug prices to the cheaper prices paid abroad.
Trump will announce a drug pricing deal with Pfizer at 11 a.m. ET, White House spokesperson Kush Desai said in a statement. Pfizer CEO Albert Bourla will be in attendance, he added.
Pfizer did not immediately respond to a request for comment. The Washington Post first reported the news on Tuesday.
Trump sent letters to Pfizer and 16 other drugmakers calling on them to take steps to lower drug prices by Sept. 29. The letter came after Trump in May signed an executive order reviving a controversial plan, the “most favored nation” policy, that aims to slash drug costs by tying the prices of some medicines in the U.S. to the significantly lower ones abroad.
This is breaking news. Please refresh for updates.
Disclaimer: This news has been automatically collected from the source link above. Our website does not create, edit, or publish the content. All information, statements, and opinions expressed belong solely to the original publisher. We are not responsible or liable for the accuracy, reliability, or completeness of any news, nor for any statements, views, or claims made in the content. All rights remain with the respective source.