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Trump demands Pharma slash drug prices in next 60 days

By The Hill  
   August 01, 2025

President Trump sent letters Thursday to 17 of the world's largest drug companies, telling them to take more steps to slash the prices of prescription drugs to match the lowest price in certain foreign countries. The letters represent an escalation of the administration's push for lower drug prices by launching a 'most favored nation' model, which ties the prices of prescription medicines in the U.S. to the lowest found among comparably wealthy nations.

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