President Donald Trump on Tuesday announced a landmark agreement with Pfizer to offer significant discounts on a range of prescription medications in the United States.
Speaking from the Oval Office, Trump said the deal will make some of Pfizer’s “most popular” medicines available to all Americans at prices reduced by 50% to 100% through a federal government-operated website and direct online purchases.
The agreement stems from the “most favoured nation” drug pricing model introduced earlier this year. Trump indicated that other pharmaceutical companies are expected to follow suit in the coming weeks. He also warned that firms failing to lower prices could face tariffs equivalent to the cost difference.
Pfizer CEO Albert Bourla described the announcement as a “historic day,” saying the deal reverses an “unfair situation” and puts American patients first. Bourla added that Pfizer plans to invest $70 billion in manufacturing and research within the US over the coming years, aiming to expand development of cancer treatments, obesity medicines, vaccines, and other essential drugs.
“This is a historic moment for patients and for the future of healthcare in America,” Bourla said, highlighting the company’s commitment to boosting domestic production and research.
The Trump administration described the agreement as a major step in lowering drug costs and increasing access to essential medications for Americans nationwide.
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Baku is set to host its first international conference examining India’s policies towards ethnic and religious minorities, with a particular focus on the Sikh community.
Hamas is set to cede power in Gaza, as a U.S.-backed Palestinian committee prepares to take over the administration of the territory, Palestinian sources reported.
Four men convicted in Azerbaijan have been transferred to Armenia under a humanitarian framework, a step that officials describe as a concrete outcome of the emerging peace between the two countries.
Kazakhstan has confirmed that two oil tankers linked to the transport of its crude were attacked in the Black Sea, underscoring the growing security risks surrounding the country’s primary export corridor.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence and widespread communication shutdowns across the country.
The United Nations’ top court at The Hague has begun hearings on whether Myanmar committed genocide against the Rohingya ethnic minority. Gambia told judges on Monday that Myanmar targeted minority Muslim Rohingya for destruction and made their lives a nightmare in a landmark case.
Apple will use Google’s Gemini artificial intelligence (AI) models for its revamped Siri voice assistant later this year, in a multi-year deal that strengthens the tech giants’ partnership and boosts Alphabet’s position in the race against OpenAI.
President Donald Trump said on Monday any country that does business with Iran will face a tariff rate of 25% on trade with the U.S., as Washington weighs a response to the situation in Iran which is seeing its biggest anti-government protests in years.
Romania has reiterated its openness to discussions on a potential unification with neighbouring Republic of Moldova, following recent remarks by Moldova’s president.
Over the past 24 hours, Türkiye has engaged in a flurry of diplomatic activity, as regional tensions continue to mount amid fears of an imminent U.S. attack on Iran.
French President Emmanuel Macron warned on Wednesday (14 January) that any attempt to affect the sovereignty of Greenland, a European ally, would have serious consequences, amid U.S. President Donald Trump’s push to take control of the Arctic territory.
China is stepping up efforts to promote technology-enabled elderly care, aiming to improve the health, safety and overall wellbeing of its rapidly growing senior population.
The Trump administration has released a previously classified legal opinion on Tuesday, setting out its justification for the capture of Venezuelan President Nicolás Maduro and U.S. military operations carried out inside Venezuela.
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