Trump's executive order could help innovation, but range of scenarios still open

18 April 2025

US President Donald Trump issued an executive order on April 15 listing several potential policy changes aimed at lowering US drug prices.

Responding to the announcement, Morningstar’s healthcare equity research director Karen Andersen gave her views on why this matters.

Biopharma has been holding its breath as it awaits Trump's plans for reducing drug costs, with a range of possible policy changes that could help or hinder innovation, she noted.

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