3 w. ago Drug price cuts: what is Trump planning and what will it mean for big pharma?

President has directed Robert Kennedy to send price targets to industry, with slimming drugs thought to be included Donald Trump has used his executive powers to order sweeping cuts to the price of prescription drugs in the US, in an effort to bring them in line with other developed countries.The plans, first announced in a social media post on Sunday, triggered a sharp fall in drugmakers’ share prices on Monday. However, these later reversed amid growing scepticism that the shake-up would be as severe as promised. Continue reading...

Politics

3 w. ago Stock market goes berserk on China trade deal as S&P 500 set to wipe out Liberation Day losses: Live updates

Donald Trump is sure to send the stock market rebounding after a flurry of major announcements on Sunday. 

Economics

3 w. ago Trump live updates: President vows to cut drug prices by 59 percent through executive order

It comes as Trump has defended reports the Qatari royal family will gift a $400 million Boeing jet to the president to use as the new Air Force One

Politics

3 w. ago Pharmaceutical stocks slide as Trump vows to cut US prescription drug prices ‘by 30

President plans to use executive powers, saying US should pay ‘same price as nation that pays the lowest price’Donald Trump has promised to use his executive powers to cut the price of prescription drugs in the US in an attempt to bring them more in line with other countries.The US president has said he will sign an order on Monday that will reduce prescription drug and pharmaceutical prices “almost immediately” by “30% to 80%”. Continue reading...

Politics

3 w. ago Trump promises immediate sweeping cuts to drug prices in his ‘most important and impactful’ Truth Social post

President to sign executive order putting plan in place on Monday morning

Politics

4 w. ago Trump to reportedly unveil Medicare drug pricing plan after teasing ‘earth

Trump’s upcoming announcement is to revive his plan to lower Medicare drug costs, CBS reports, a policy blocked during his first term and scrapped by Biden administrationThe major “earth-shattering” announcement Donald Trump teased earlier this week in the Oval Office is a “most favored nation” plan to cut Medicare drug prices, sources have told CBS News.In his first administration, Trump signed an executive order to implement a “most favored nation” clause that would have required Medicare to pay drug companies the lowest price paid in similar countries for some expensive, physician-administered drugs. The Biden administration rescinded the proposal under pressure from hospitals and drug companies.We’re going to have a very, very big announcement to make – like as big as it gets. It will be one of the most important announcements that have been made in many years about a certain subject. Continue reading...

Politics