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.
U.S. President Donald Trump’s 'Board of Peace' will hold its first leaders’ meeting on Thursday (19 February) in Washington, D.C., launching an in...
Israel is preparing for the possibility of receiving a green light from the United States to launch strikes against Iran’s ballistic missile system,...
White House Press Secretary Karoline Leavitt said on Wednesday that $5 billion pledged by member states of the Gaza Peace Council will be directed tow...
U.S. President Donald Trump on Wednesday sought to highlight his outreach to Black Americans during a White House reception marking Black History Mont...
Hungary and Slovakia announced a suspension of diesel exports to Ukraine on Wednesday....
U.S. President Donald Trump’s 'Board of Peace' will hold its first leaders’ meeting on Thursday (19 February) in Washington, D.C., launching an initiative aimed at stabilising Gaza and addressing global conflicts. It's drawn support from regional powers but refusals from several EU countries.
Israel is preparing for the possibility of receiving a green light from the United States to launch strikes against Iran’s ballistic missile system, according to Israel’s public broadcaster KAN.
U.S. President Donald Trump on Wednesday sought to highlight his outreach to Black Americans during a White House reception marking Black History Month, held months before November’s midterm elections.
Two Palestinians were killed on the first day of Ramadan after Israeli forces opened fire in the Gaza Strip, according to local sources and hospital officials.
The drumbeats have finally faded at the Marquês de Sapucaí, bringing the competitive phase of the Rio Carnival 2026 to a dazzling close. Over two marathon nights of spectacle, the twelve elite schools of the "Special Group" transformed the Sambadrome into a riot of colour.
Peru’s Congress has voted to censure and remove José Enrique Jeri Ore from his posts as President of Congress and acting President of the Republic, just four months into his tenure, citing undisclosed meetings with Chinese businessmen and alleged hiring irregularities.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 17th of February, covering the latest developments you need to know.
France celebrated Olympic gold in the men’s biathlon relay in Anterselva on Tuesday (17 February), following a thrilling race marked by an electric atmosphere at the stadium.
Qarabağ FK are facing Newcastle United in the UEFA Champions League play-off round on Wednesday evening in Baku, in what will be the first UEFA competition meeting between the two clubs.
U.S. President Donald Trump on Wednesday sought to highlight his outreach to Black Americans during a White House reception marking Black History Month, held months before November’s midterm elections.
Hungary and Slovakia announced a suspension of diesel exports to Ukraine on Wednesday.
A platoon of Swedish Air Force Rangers is training in Greenland as part of the ongoing “Arctic Endurance” exercise, according to Sweden’s military.
U.S.-mediated talks between Russia and Ukraine in Geneva ended after two days of negotiations that Ukrainian President Volodymyr Zelenskyy described as difficult, while signalling progress on the military track.
Millions of Muslims around the world have begun observing Ramadan, the ninth month of the Islamic lunar calendar and the most sacred period in Islam.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment