Read, Watch or Listen

Pfizer has agreed to significantly lower prescription drug prices for all American consumers and Medicaid recipients, President Trump announced Tuesday. These discounted drugs will be available online through a federal government website called "TrumpRx." The agreement stems from the "most favored nation" drug pricing order, aiming to align U.S. prices with those in other developed countries and save consumers hundreds of millions annually. Pfizer CEO Albert Bourla called it an "historic day," reversing an "unfair situation" where Americans subsidized global R&D costs.

Prepared by Christopher Adams and reviewed by editorial team.