by Emmitt Barry, Worthy News Correspondent
(Worthy News) – President Donald Trump announced plans to sign an executive order Monday to slash U.S. drug prices by 30% to 80% through a “Most Favored Nation” policy.
“I will be signing one of the most consequential Executive Orders in our Country’s history,” Trump posted on Truth Social. “Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%.”
The policy would require the U.S. to pay the same price for drugs as the lowest rate offered in other countries. “For the first time in many years, bring fairness to America!” he wrote.
The America First Policy Institute (AFPI) said the move would force drugmakers to either raise prices globally or cut U.S. rates. AFPI added that the policy could pressure other countries to contribute more to pharmaceutical research.
A similar plan in 2020, aimed at tying Medicare Part B drug prices to international rates, was blocked by a federal judge after pharmaceutical companies sued.
Trump will sign the order at 9:00 A.M. Monday at the White House.
Copyright 1999-2025 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
More Worthy News
Russia and North Korea have agreed to “strengthen” their strategic relationship amid indications that Moscow will use more North Korean forces and weapons in its war against Ukraine.
Baptist Christians in northern Nigeria are mourning the death of their pastor who was among two killed during a worship service, while several Christians were murdered or abducted elsewhere, Worthy News learned Saturday.
France and Saudi Arabia will convene a high-level international conference aimed at advancing the two-state solution to the Israeli-Palestinian conflict on July 28-29, multiple diplomatic sources confirmed Friday.
President Donald Trump announced Thursday that the United States has reached a new deal with NATO to provide weapons to Ukraine, with full reimbursement from the alliance. The announcement follows growing frustration over Russia’s intensifying assault on Ukrainian civilians and a temporary Pentagon pause on U.S. arms shipments earlier this month.
Civilians backed by Sudanese security forces have demolished the building of a Pentecostal Church in Sudan’s capital, Khartoum, Christians told Worthy News Friday.
There was mounting concern Friday that Ukraine will be split up under a future peace deal and that Kyiv will be forced to accept it due to relentless Russian long-range drone and missile strikes.
A major Christian advocacy group has asked Colombia’s government to urgently “conduct a full and coordinated investigation” into the disappearance of a Roman Catholic priest who was last seen on June 17.