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.
NATO has reaffirmed its zero-tolerance stance on fraud and corruption, announcing new measures to strengthen oversight following an investigation into...
The United Nations said on Monday that all its personnel previously confined inside its compound in the Yemeni capital, Sanaa, have been released afte...
U.S. President Donald Trump said that he expected to reach a fair trade agreement with Chinese President Xi Jinping and played down fears of confronta...
Madagascar’s coup leader, Colonel Michael Randrianirina, who seized power earlier this month, appointed businessman and consultant Herintsalama Raja...
Ukrainian President Volodymyr Zelenskyy will join a meeting of Ukraine’s allies, known as the “coalition of the willing,” in London on Friday, F...
NATO has reaffirmed its zero-tolerance stance on fraud and corruption, announcing new measures to strengthen oversight following an investigation into alleged misconduct at its procurement body.
The United Nations said on Monday that all its personnel previously confined inside its compound in the Yemeni capital, Sanaa, have been released after Houthi forces withdrew.
U.S. President Donald Trump said that he expected to reach a fair trade agreement with Chinese President Xi Jinping and played down fears of confrontation between the two powers over Taiwan.
Madagascar’s coup leader, Colonel Michael Randrianirina, who seized power earlier this month, appointed businessman and consultant Herintsalama Rajaonarivelo as the country’s new prime minister on Monday.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
NATO has reaffirmed its zero-tolerance stance on fraud and corruption, announcing new measures to strengthen oversight following an investigation into alleged misconduct at its procurement body.
The United Nations said on Monday that all its personnel previously confined inside its compound in the Yemeni capital, Sanaa, have been released after Houthi forces withdrew.
U.S. President Donald Trump said that he expected to reach a fair trade agreement with Chinese President Xi Jinping and played down fears of confrontation between the two powers over Taiwan.
Madagascar’s coup leader, Colonel Michael Randrianirina, who seized power earlier this month, appointed businessman and consultant Herintsalama Rajaonarivelo as the country’s new prime minister on Monday.
Ukrainian President Volodymyr Zelenskyy will join a meeting of Ukraine’s allies, known as the “coalition of the willing,” in London on Friday, French President Emmanuel Macron announced, as Kyiv seeks to strengthen international backing in its fight against Russia.
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