U.S. President Donald Trump speaks during a property league successful the Roosevelt Room astatine the White House successful Washington, D.C., U.S., May 12, 2025.
Nathan Howard | Reuters
President Donald Trump connected Tuesday volition denote an statement with Pfizer to voluntarily merchantability its medications astatine little prices, arsenic his medication pushes to nexus U.S. cause prices to the cheaper prices paid abroad.
Trump volition denote a cause pricing woody with Pfizer astatine 11 a.m. ET, a White House authoritative told CNBC's Eamon Javers. Pfizer CEO Albert Bourla volition beryllium successful attendance, the authoritative said.
The statement involves discounted prices successful Medicaid and a three-year reprieve connected planned pharmaceutical tariffs arsenic agelong arsenic the institution is gathering manufacturing plants successful the U.S., a root told CNBC's Angelica Peebles.
Pfizer did not instantly respond to a petition for comment. The Washington Post archetypal reported the quality connected Tuesday.
Trump sent letters to Pfizer and 16 different drugmakers calling connected them to instrumentality steps to little cause prices by Sept. 29. The missive came aft Trump successful May signed an enforcement bid reviving a arguable plan, the "most favored nation" policy, that aims to slash cause costs by tying the prices of immoderate medicines successful the U.S. to the importantly little ones abroad.
The woody comes arsenic drugmakers brace for Trump's planned tariffs connected pharmaceuticals imported into the country.
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