NEW YORK: President Donald Trump announced deals with nine pharmaceutical companies last Friday, the latest in a series of pacts designed to lower drug prices for some Americans in exchange for a three-year reprieve from threatened tariffs. “American drug prices will come down fast and furious, and will soon be among the lowest in the developed world,” Trump said during an event in the Oval Office. The programme is designed to cut review times from 10 to 12 months down to one or two months. In an aside, Trump also said he plans to call a meeting with insurance companies to see if they’ll lower prices, an issue he has focused on in recent days. The group welcomes “any opportunity to discuss common-sense solutions to lower costs for everyone,” AHIP CEO Mike Tuffin said in an emailed statement.

Source: The Star December 22, 2025 01:33 UTC