While the news out of the weekend trade talk with China was long on feel goods it was very short on detail. This, on the other hand, appears to be more substantive. Its great news for those in the US reliant on medicines for their health. Trump says he’ll be signing the order on Monday morning.
- Prescription drug and pharmaceutical prices will be reduced, almost immediately, by 30% to 80%
- U.S. will pay the same price as the nation that pays the lowest price anywhere in the world.
- Will sign order at White House at 9 a.m. on Monday
The detail on how Trump will achieve this will be interesting to discover. We wait for that.
Biotech stocks look likely to be a casualty of this.
Trump ‘tweet’:
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