Trump to Sign Executive Order Slashing Pharmaceutical Prices

President Donald Trump announced a significant policy change that could drastically alter the pharmaceutical industry in the United States. In a post on Truth Social, Trump stated he would be signing an executive order to reduce prescription drug and pharmaceutical prices by 30% to 80%, effective almost immediately. This action follows years of public discussion about the high cost of prescription drugs in America, with prices often exceeding those in other countries by a factor of five to ten. Trump's statement highlighted this disparity, calling it an 'embarrassing' situation caused by unnecessary research and development costs. He further asserted that this was a problem the Democrats had failed to address for years. The executive order is expected to have a profound impact on the healthcare system and the pharmaceutical industry, potentially saving the United States trillions of dollars. While the full scope of the changes remains to be seen, the announcement has already generated significant public interest and debate.