Trump says he'll sign executive order to lower prescription-drug prices

Dow Jones

12 May

MW Trump says he'll sign executive order to lower prescription-drug prices

By Mike Murphy

President Donald Trump on Sunday said he will sign an executive order to slash prescription-drug prices.

In a post on his Truth Social platform, Trump said the order, which will be signed at 9 a.m. Monday, will institute a "most favored nation" policy where the U.S. will pay the same price for prescription drugs and pharmaceuticals "as the nation that pays the lowest price anywhere in the world."

Trump claimed his order will "almost immediately" reduce prescription drug and pharmaceutical prices by 30% to 80%. Americans pay an average of about three times more for prescription drugs than do customers in other countries, a 2024 report found.

The post did not specify details on how the order would be carried out, or whether it will be limited to Medicare and Medicaid drug prices. Trump said the plan will save the U.S. trillions of dollars.

The plan could hit pharmaceutical companies hard, severely undercutting their revenues.

Pharmaceutical stocks like Johnson & Johnson $(JNJ)$, Merck $(MRK)$, Eli Lilly $(LLY)$ and AbbVie $(ABBV)$ declined Friday, after Trump teased imminent action on drug prices.

-Mike Murphy

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

May 11, 2025 19:19 ET (23:19 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2025 19:19 ET (23:19 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump says he'll sign executive order to lower prescription-drug prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump says he'll sign executive order to lower prescription-drug prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-12 07:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Trump says he'll sign executive order to lower prescription-drug prices\n</p>\n<p>\n  By Mike Murphy \n</p>\n<p>\n     President Donald Trump on Sunday said he will sign an executive order to slash prescription-drug prices. \n</p>\n<p>\n     In a post on his Truth Social platform, Trump said the order, which will be signed at 9 a.m. Monday, will institute a \"most favored nation\" policy where the U.S. will pay the same price for prescription drugs and pharmaceuticals \"as the nation that pays the lowest price anywhere in the world.\" \n</p>\n<p>\n     Trump claimed his order will \"almost immediately\" reduce prescription drug and pharmaceutical prices by 30% to 80%. 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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 11, 2025 19:19 ET (23:19 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0310799852.SGD","symbol_name":"FTIF - Templeton Global Equity Income A MDIS SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534533212","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534533212","pubTimestamp":1747005540,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"President Donald Trump on Sunday said he will sign an executive order to slash prescription-drug prices.In a post on his Truth Social platform, Trump said the order, which will be signed at 9 a.m. Monday, will institute a \"most favored nation\" policy where the U.S. will pay the same price for prescription drugs and pharmaceuticals \"as the nation that pays the lowest price anywhere in the world.\". Trump claimed his order will \"almost immediately\" reduce prescription drug and pharmaceutical prices by 30% to 80%. Americans pay an average of about three times more for prescription drugs than do customers in other countries, a 2024 report found.The post did not specify details on how the order would be carried out, or whether it will be limited to Medicare and Medicaid drug prices. 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Americans pay an average of about three times more for prescription drugs than do customers in other countries, a 2024 report found. \n\n\n     The post did not specify details on how the order would be carried out, or whether it will be limited to Medicare and Medicaid drug prices. Trump said the plan will save the U.S. trillions of dollars. \n\n\n     The plan could hit pharmaceutical companies hard, severely undercutting their revenues. \n\n\n     Pharmaceutical stocks like Johnson & Johnson $(JNJ)$, Merck $(MRK)$, Eli Lilly $(LLY)$ and AbbVie $(ABBV)$ declined Friday, after Trump teased imminent action on drug prices. \n\n\n     -Mike Murphy \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 11, 2025 19:19 ET (23:19 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"policyRegulatory","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}