Trump's Drug Pricing Initiative Gains Momentum with Pfizer Deal and TrumpRx Launch

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Source: CNBC
Trump's Drug Pricing Initiative Gains Momentum with Pfizer Deal and TrumpRx Launch
Photo: CNBC
TL;DR Summary

President Trump’s threat of pharmaceutical tariffs has been softened after Pfizer’s deal to lower U.S. drug prices and invest $70 billion in domestic manufacturing, leading to a temporary exemption from tariffs and easing industry concerns about punitive measures and the most-favored-nation policy.

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