‘The Large Cash Present’ panel discusses President Donald Trump’s pharmaceutical tariff technique.
President Donald Trump on Thursday despatched letters to 17 pharmaceutical firms concerning decreasing drug costs.
White Home press secretary Karoline Leavitt stated at her press briefing that Trump despatched out the letters following an govt order earlier this 12 months.
HHS SEC ROBERT F KENNEDY JR: AMERICAN PATIENTS PAY MORE SO OTHERS CAN PAY LESS — THAT STOPS NOW
President Donald Trump talks to the media as he meets with British Prime Minister Keir Starmer at Trump Turnberry golf membership on July 28, 2025 in Scotland. (Getty Photos / Getty Photos)
“The president signed an govt order earlier this 12 months to unravel the issue of exorbitant pharmaceutical pricing,” Leavitt stated. “In response to latest information, the costs that Individuals have been paying for model title medication are greater than 3 times the worth different comparable, equally developed nations pay. The president is set to unravel this drawback and took additional motion right now. He has signed 17 letters to pharmaceutical firms’ CEOs.”
Leavitt then learn aloud a letter despatched to the CEO of Eli Lilly, then stated the entire letters can be made obtainable to the press following the briefing.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Trump additionally started posting copies of every letter to his social media platform, TRUTH Social.
This can be a creating story. Test again for updates.