Trump's quest to reduce drug prices is heating up. But will he be able to do it? [FOX News]
AstraZeneca PLC - American Depositary Shares (AZN)
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Source: FOX News
President Donald Trump is ramping up the heat on pharmaceutical companies, urging them in letters sent Thursday to cut down drug prices in accordance with an executive order he signed in May. But Trump has limited authority to actually force drug companies to adjust prices, according to experts, and his effort equates to price control. As a result, utilizing public pressure through these letters may be one tool he's employing to get companies to comply, according to Benedic Ippolito, a senior fellow in economic policy studies at the conservative-leaning American Enterprise Institute think tank. "One of the big questions has been just how much can the administration realistically pressure these drugmakers to do something that is at least nominally voluntary," Ippolito told Fox News Digital Monday. Drug prices have dramatically climbed in recent years. Prescription drug prices increased more than 15% from January 2022 and January 2023, reaching an average of $590 per drug pro
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AZN
Sec Filings
- 12/22/25 - Form 6-K
- 12/22/25 - Form 6-K
- 12/22/25 - Form 6-K
- AZN's page on the SEC website