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

Dow Jones

2025/05/12

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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Americans pay an average of about three times more for prescription drugs than do customers in other countries, a 2024 report found. \n</p>\n<p>\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</p>\n<p>\n     The plan could hit pharmaceutical companies hard, severely undercutting their revenues. \n</p>\n<p>\n     Pharmaceutical stocks like Johnson &amp; Johnson <a href=\"https://laohu8.com/S/JNJ\">$(JNJ)$</a>, Merck <a href=\"https://laohu8.com/S/MRK\">$(MRK)$</a>, Eli Lilly <a href=\"https://laohu8.com/S/LLY\">$(LLY)$</a> and AbbVie <a href=\"https://laohu8.com/S/ABBV\">$(ABBV)$</a> declined Friday, after Trump teased imminent action on drug prices. \n</p>\n<p>\n     -Mike Murphy \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. 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</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2750360641.GBP","symbol_name":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","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,"need_auth":true,"code":"91000000","status":"200"}}}