Trump Vows To Take On Big Pharma With Drug Prices

Trump Vows To Take On Big Pharma With Drug Prices
White House Press Secretary Karoline Leavitt displays a letter addressed to Eli Lilly from President Donald Trump on July 31, 2025. (Jim Watson - AFP via Getty Images)

President Trump has opened a new front in his economic crusade: prescription drug prices. In a volley of letters to 17 of the world’s biggest pharmaceutical companies, he demanded immediate steps to bring U.S. prices down to match what rich countries pay—warning that if the industry balks, his administration will “use every tool in our arsenal” to force the issue.

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