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May 13, 2025

Trump Executive Order Seeks to Lower Drug Prices, But Offers No Means for Enforcement
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President Trump signed an executive order Monday directing U.S.
drugmakers to cut their prices by up to 80%. But the order does not
include any enforcement mechanisms, and pharmaceutical stocks rose
following the news and amid relief within the industry. In a social
media post, Trump invoked his "most favored nation" plan that he
unsuccessfully tried to enact in his first term, which aims to bring
U.S. drug prices in line with other wealthy countries. Vermont
independent Senator Bernie Sanders responded, "If Trump is serious about
making real change rather than just issuing a press release, he will
support legislation I will soon be introducing to make sure we pay no
more for prescription drugs than people in other major countries. If
Republicans and Democrats come together on this legislation, we can get
it passed in a few weeks." 


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