Trump targets foreign "freeloaders" with new pricing order
US pharma stocks regained ground Monday after Donald Trump signed an executive order aiming to slash prescription drug prices, a move that initially rattled investors but left many analysts unconvinced about its impact.
The order, announced during a White House press conference, seeks to tie US drug costs to those in other wealthy countries — part of what Mr Trump called a bid to “equalize” global pricing. If drugmakers don't agree to lower prices within 30 days, a so-called “most favored nation” model could be imposed, capping US prices at the lowest paid abroad.
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