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Trump to sign executive order he says will slash drug prices by up to 80%
President Donald Trump announced he plans to sign an executive order on Monday that will reduce the cost of prescription drugs and pharmaceuticals «almost immediately, by 30% to 80%.»
Trump made the announcement on Truth Social Sunday.
«For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY???» Trump wrote. «It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer.
«The Pharmaceutical/Drug Companies would say, for years, that it was Research and Development Costs, and that all of these costs were, and would be, for no reason whatsoever, borne by the ‘suckers’ of America, ALONE. Campaign Contributions can do wonders, but not with me, and not with the Republican Party,» the president continued.
MAHA CAUCUS MEMBER PLEDGES HEARINGS INTO ‘CORRUPTION’ OF A PUBLIC HEALTH SECTOR ‘CAPTURED BY BIG PHARMA’
President Trump announced plans to sign an executive order this week that he says will drop the costs of prescription drugs by between 30-80% almost immediately. (Getty Images)
«We are going to do the right thing, something that the Democrats have fought for many years,» Trump added. «Therefore, I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%.
Trump noted that the cost of drugs will rise throughout the World, but for the first time in many years, he added, it will «bring FAIRNESS TO AMERICA!»
«I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World,» Trump said. «Our Country will finally be treated fairly, and our citizens Healthcare Costs will be reduced by numbers never even thought of before. Additionally, on top of everything else, the United States will save TRILLIONS OF DOLLARS.»
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Shelves of prescription medication are pictured at a pharmacy. (Jeffrey Greenberg/Universal Images Group via Getty Images)
Trump signed another executive order last month to standardize Medicare payments for prescription drugs, including those used for cancer patients, no matter where a patient receives treatment. The White House said in a fact sheet at the time that the order could lower prices for patients as much as 60%.
Likewise, the order calls to match the Medicare payment for certain prescription drugs to the price that hospitals pay for those drugs, up to 35% lower than what the government pays to acquire those medications, the White House said.
The order also takes steps to lower insulin prices. Specifically, the order calls for lowering insulin prices for low-income patients or those who are uninsured to as little as 3 cents and injectable epinephrine for treating allergic reactions to as low as $15, coupled with a «small administrative fee,» according to a White House fact sheet.
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President Trump said he will lower the cost of prescription drugs and pharmaceuticals through a «most favored nation’s policy.» (Getty)
Additionally, the order attempts to drive down states’ drug prices by «facilitating importation programs that could save states millions in prescription drug prices,» as well as bolstering programs that assist states secure deals on sickle-cell medications in Medicaid, the fact sheet said.
The order requires Health and Human Services, which is lead by Robert F. Kennedy Jr., to seek comment on the Medicare Drug Price Negotiation Program, which the Biden administration authorized under the Inflation Reduction Act and allows Medicare to directly engage in hashing out prescription prices with drug companies.
Drug prices have significantly spiked in recent years. Between January 2022 and January 2023, prescription drug prices rose more than 15% and reached an average of $590 per drug product, according to the Department of Health and Human Services. Of the 4,200 prescription drugs included on that list, 46% of the price increases exceeded the rate of inflation.
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Previous efforts under the first Trump administration to curb prescription drug prices included installing a cap on Medicaid prescription drug plans for insulin at $35.
Fox News Digital’s Diana Stancy and Alec Schemmel contributed to this report.
Drugs,Donald Trump,Politics,Health
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España: procesaron al Fiscal General, elegido por Pedro Sánchez, por revelar información que perjudica a la presidenta madrileña Isabel Díaz Ayuso
Después de siete meses
La presidenta del PP de Madrid y del Gobierno de la Comunidad de Madrid, Isabel Díaz Ayuso, durante la manifestación convocada por el Partido Popular contra el Gobierno de Pedro Sánchez. Foto EFECómo se elige
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UN’s nuclear watchdog warns its unable to confirm Iran’s program is ‘entirely peaceful’
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Iran’s refusal to play ball with the United Nation’s nuclear watchdog, which is charged with monitoring all nations’ nuclear programs, has meant the body cannot verify whether Tehran’s program is «entirely peaceful» despite the regime’s claims.
Director General of the International Atomic Energy Agency (IAEA), Rafael Grossi, on Monday issued a warning statement that the agency has not only long been barred access to old and new nuclear sites, but that Iran has scrubbed locations in an apparent move to cover up its activities.
In 2020, the IAEA found man-made particles of enriched uranium at three sites, including Varamin, Marivan and Turquzabad. The locations were previously utilized in Iran’s nuclear program and gave the agency credence to believe Tehran had once again turned to deadly nuclear ambitions.
US SANCTIONS MONEY LAUNDERING NETWORK AIDING IRAN AS REGIME FACES NUCLEAR REPRIMAND AT IAEA
Rafael Grossi is increasingly concerned about Iran’s nuclear program. (Albert Otti/picture alliance via Getty Images)
«Since then, we have been seeking explanations and clarifications from Iran for the presence of these uranium particles, including through a number of high-level meetings and consultations in which I have been personally involved,» Grossi said. «Unfortunately, Iran has repeatedly either not answered, or not provided technically credible answers to, the Agency’s questions.
«It has also sought to sanitize the locations, which has impeded Agency verification activities,» he added.
Grossi, who confirmed during an April trip to Washington, D.C. that the IAEA has not been involved in nuclear negotiations between the U.S. and Iran, said on Monday that he has been working «closely and intensively» with both parties in «support of their bilateral negotiation[s].»
The warning comes after the IAEA in a report late last month, also confirmed that Iran had drastically increased its stockpile of near-weapons-grade enriched uranium by nearly 35% in three months.
IRAN’S KHAMENEI REJECTS US ZERO URANIUM ENRICHMENT DEMAND AS ‘100% AGAINST’ ITS INTERESTS
This photo released on Nov. 5, 2019, by the Atomic Energy Organization of Iran shows centrifuge machines in the Natanz uranium enrichment facility in central Iran. (Atomic Energy Organization of Iran via AP, File)
In February, the IAEA assessed that Tehran possessed 274.8 kilograms (605.8 pounds) worth of uranium enriched to 60%, but on May 17th it found Iran now has some 408.6 kilograms (900.8 pounds) – meaning the regime is just a technical step away from being able to make up to 10 nuclear warheads.
Last week, Iranian supreme leader Ayatollah Ali Khamenei came out in strong opposition to a U.S. proposal submitted to Tehran to end its nuclear program, though it remains unclear what details were included in the document, including on enrichment capabilities, and on Sunday, Iranian parliamentary speaker Mohammad Bagher Ghalibaf claimed the proposal didn’t include any sanction relief.
The White House has remained tight-lipped about what was included in the document, though according to some reporting, President Donald Trump gave Iran until June 11 to reach a deal with the U.S., though Fox News Digital could not independently verify these claims.
On Monday, Iranian Foreign Ministry spokesperson Esmaeil Baghaei confirmed that «The U.S. proposal is not acceptable to us. It was not the result of previous rounds of negotiations.»
Iranian Foreign Ministry Spokesman Esmaeil Baghaei attends a press conference in Tehran, Iran, on May 26, 2025. An interim nuclear agreement between Iran and the United States is not on Iran’s agenda, Baghaei said. (Shadati/Xinhua via Getty Images)
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«We will present our own proposal to the other side via Oman after it is finalized. This proposal is reasonable, logical, and balanced,» Baghaei reportedly said.
Some reporting has also suggested Iran might submit their proposal as soon as June 10, though the Iranian UN mission in the U.S. would not comment on or confirm these claims.
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Harris ripped for ‘appalling’ LA ICE raids statement placing blame on Trump: ‘The country dodged a bullet’
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Former Vice President Kamala Harris was slammed by conservatives on social media after she issued a statement on the anti-ICE riots in Los Angeles, blaming the Trump administration and calling the unrest «overwhelmingly peaceful.»
«Los Angeles is my home,» Harris posted Sunday as riots had broken out across the city for several days, led by protesters upset with federal agents arresting illegal immigrants in the city, prompting the Trump administration to send in the National Guard.
«And like so many Americans, I am appalled at what we are witnessing on the streets of our city,» she said. «Deploying the National Guard is a dangerous escalation meant to provoke chaos. In addition to the recent ICE raids in Southern California and across our nation, it is part of the Trump Administration’s cruel, calculated agenda to spread panic and division.»
Harris added that the Trump administration is not concerned about «public safety» but rather «stoking fear.»
ANTI-ICE PROTESTERS IN LOS ANGELES SPIT ON AND BURN AMERICAN FLAG
Former Vice President Kamala Harris was widely mocked on social media by conservatives over her response to the LA anti-ICE riots. (Getty)
«Protest is a powerful tool — essential in the fight for justice. And as the LAPD, Mayor, and Governor have noted, demonstrations in defense of our immigrant neighbors have been overwhelmingly peaceful,» Harris said. «I continue to support the millions of Americans who are standing up to protect our most fundamental rights and freedoms.»
Harris’ comments were immediately criticized by conservatives online and by Trump officials.
«The country really dodged a bullet in November,» Fox News contributor Guy Benson posted on X.
In another post, Benson added, «Their official position is that they’re appalled by what’s happening in Los Angeles…because of Trump and ICE, not the violent rioters. In its current form, this party cannot be salvaged.»
FBI SEARCHING FOR SUSPECT WHO ALLEGEDLY ASSAULTED FEDERAL OFFICER DURING ANTI-ICE RIOTS IN LOS ANGELES
Police officers are enveloped in a cloud of smoke from tear gas and percussion grenades while guarding a highway on-ramp during a protest against federal immigration sweeps in downtown Los Angeles on June 8, 2025. (Omar Younis/Reuters)
«Thank you, America, for employing brain cells and rejecting this woman’s quest to become president of the United States,» Fox News contributor Katie Pavlich posted on X.
Others, including the conservative influencer account LibsofTikTok, took issue with Harris calling the unrest «mostly peaceful» by responding with pictures of rioters burning cars and attacking law enforcement.
«No surprise[sic] that the most incompetent Vice President in history stands with the illegal alien rioters,» GOP Sen. Tom Cotton posted on X.
White House principal deputy press secretary Harrison Fields responded on X by saying, «America’s statement» along with a photo showing the gains President Donald Trump made across the country in the November 2024 election.
«No one is interested in your opinion,» Senior Counsel to the Assistant Attorney General for Civil Rights Leo Terrell posted on X.
«President Trump didn’t start these riots,» California GOP gubernatorial candidate and Riverside County Sheriff Chad Bianco posted on X. «He’s not out there lighting cars on fire, hurling projectiles at law enforcement or blocking freeways. This statement is an embarrassment and does nothing to diffuse the violent riots taking place across the city.»
«The Democrats and their ‘leaders’ own this.»
TRUMP’S ICE LAUNCHES BOLD COURTHOUSE MIGRANT ARREST STRATEGY TO FAST-TRACK DEPORTATIONS BIDEN AVOIDED
Then-Vice President Kamala Harris speaks during a campaign rally on Saturday, Nov. 2, 2024 at the PNC Music Pavilion in Charlotte, North Carolina. (Jacquelyn Martin/The Associated Press)
Steve Hilton, a Fox News contributor also running for California governor as a Republican, posted on X, «In this appalling statement you are siding with violent criminals over California communities; rioters over law enforcement; illegal immigrants over legal immigrants and American citizens.»
«You are a pandering machine politician who should never hold public office again.»
White House deputy press secretary Abigail Jackson posted on X, «We all know you support lawless, violent, illegal alien rioters. That’s why you lost so badly in November. Back to irrelevancy you go!»
Fox News Digital reached out to Harris’ office for comment but did not receive a reply.
Trump deployed 2,000 National Guard troops to the city in an effort to quell some of the unrest, much to the dismay of Democratic officials.
The violent protests erupted as ICE officials carried out plans to remove individuals illegally residing in the left-wing city, which dubbed itself a «sanctuary» for illegal immigrants in November 2024 before Trump was sworn back into the Oval Office in January.
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Demonstrators protest outside a downtown jail in Los Angeles following two days of clashes with police during a series of immigration raids on June 8, 2025. (Spencer Platt/Getty Images)
ICE raids began Friday, with Los Angeles Mayor Karen Bass issuing a statement supporting illegal immigrants in the city and bucking the Trump administration’s deportation efforts.
California Gov. Gavin Newsom similarly criticized ICE efforts, branding the immigration raids «chaotic and reckless.»
«Continued chaotic federal sweeps, across California, to meet an arbitrary arrest quota are as reckless as they are cruel,» a statement from the governor read. «Donald Trump’s chaos is eroding trust, tearing families apart, and undermining the workers and industries that power America’s economy.»
During the riots, ICE officers were targeted with violence that included throwing rocks and other projectiles along with vandalism in the form of graffiti calling for violence against ICE officers.
U.S. Border Patrol Chief Michael Banks shared a photo of one Border Patrol agent’s bloody hand, which was injured by a rock flying through the windshield. Federal sources said agents could have been killed by the flying debris and several officers have been reported as injured during the rioting.
ICE agents captured the «worst of the worst» criminal illegal immigrants during Friday operations, including murderers, sex offenders and other violent criminals, the agency said Sunday.
Los Angeles County Sheriffs stand during a protest in Compton, California, on Saturday, June 7, 2025 after federal immigration authorities conducted operations. (AP Photo/Ethan Swope)
About 45 people were arrested across several locations, including two Home Depot stores, a store in the fashion district and a doughnut shop.
«Why do Governor Newsom and Los Angeles Mayor Karen Bass care more about violent murderers and sex offenders than they do about protecting their own citizens?» asked Department of Homeland Security Assistant Secretary Tricia McLaughlin.
«These rioters in Los Angeles are fighting to keep rapists, murderers, and other violent criminals loose on Los Angeles streets,» she said. «Instead of rioting, they should be thanking ICE officers every single day who wake up and make our communities safer.»
Fox News Digital’s Taylor Penley, Emma Colton, Greg Wehner and Bill Melugin contributed to this report.
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