Donald Trump plans to use his executive powers to force pharmaceutical companies to drastically reduce the cost of drugs in the US, despite fierce opposition from the industry and some senior Republicans.
In a social media post on Sunday evening, Trump said he would sign an order on Monday that would reduce prices “almost immediately by 30 per cent to 80 per cent”.
He added that the US would introduce a “most favoured nation” policy, “whereby the United States will pay the same price as the nation that pays the lowest price anywhere in the World”.
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