Editor’s note: This is a developing news story. Please check back soon for updates.
President Donald J. Trump announced an agreement with Pfizer to sell its drug products to Medicaid for much lower prices, while also unveiling TrumpRX, a new direct-to-consumer drug website that will sidestep health insurance companies.
The announcement follows an executive order Trump signed in May aimed at requiring “most favored nation” prices for some medications, which he said would significantly decrease their cost in the United States. Trump gave drugmakers until Sept. 29 to respond.
“Pfizer is committing