Trump and Major Pharma Firms Agree to Lower Drug Prices

1 min read
Source: CNBC
Trump and Major Pharma Firms Agree to Lower Drug Prices
Photo: CNBC
TL;DR

Several major pharmaceutical companies, including Merck, Bristol Myers Squibb, and Gilead, have agreed to lower drug prices in the U.S. through voluntary deals with President Trump, which include offering certain medications at discounted rates and listing drugs on a new direct-to-consumer platform, in exchange for a temporary exemption from tariffs and commitments to invest in U.S. manufacturing.

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