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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The Oligarch’s Design is an investigative documentary by AnewZ Investigations. It is built around the case of Ruben Vardanyan, but it is not a biography. It is a study of mechanisms, how money travels, how influence is packaged, and how narratives are built to look like truth.
Russian liquefied natural gas (LNG) shipments to China have surged by 1.6 million tonnes in November marking a 143% increase from the same period last year.
At least 11 Afghan nationals have died were killed and nine others injured after a pickup truck collided with an oil tanker in Pakistan late on Sunday.
Senior Turkish officials have met with their Syrian counterparts in Damascus on Monday ahead of a deadline for Kurdish-led forces in the Country's northeast to be integrated into the Syrian Armed forces.
Vince Zampella, co-creator of the Call of Duty gaming franchise, has died in a car crash involving a Ferrari crash on Monday in Los Angeles, United States.
Israeli Prime Minister Benjamin Netanyahu said Israel is monitoring recent Iranian military exercises and will raise the issue with U.S. President Donald Trump during his visit to Washington next week.
Israel’s government has approved the creation of 19 new Jewish settlements in the occupied West Bank, a move that analysts say further undermines the prospects for a viable Palestinian state.
The European Union stands at a crossroads: to receive new members and accelerate the enlargement process in order to strengthen its role in the international arena, or to risk strategic stagnation by delaying expansion in favor of internal reform.
Paramount has reaffirmed its bid to acquire Warner Bros. Discovery, offering $30 per share in cash and backing the proposal with a $40.4 billion personal equity guarantee from billionaire Larry Ellison, despite the target company’s board urging shareholders to reject the offer.
Russian liquefied natural gas (LNG) shipments to China have surged by 1.6 million tonnes in November marking a 143% increase from the same period last year.
At least 11 Afghan nationals have died were killed and nine others injured after a pickup truck collided with an oil tanker in Pakistan late on Sunday.
U.S. President Donald Trump has criticised the release of photographs linking former President Bill Clinton to the late convicted sex offender Jeffrey Epstein, calling the move a political distraction by Democrats.
A massive Russian strike on Ukraine killed at least three people, including a four-year-old, as air raids and power outages hit cities nationwide. President Zelenskyy condemned the attack, urging greater pressure on Moscow.
Negotiations conducted with the United States and European nations, aimed at ending the nearly four-year war with Russia, were "very close to a real result," Ukrainian President Volodymyr Zelenskyy said on Monday.
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