Nine drugmakers cut deal with Trump administration to slash medication costs [MSNBC.com]
Bristol-Myers Squibb Company (BMY)
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Source: MSNBC.com
Nine pharmaceutical companies have agreed to slash prices on their flagship drugs for Medicaid recipients and people who buy the medications in cash, rather than through insurance, as part of a new deal with the Trump administration.The agreement includes prescription drugs for asthma, certain cancers, chronic obstructive pulmonary disease, hepatitis B and C, HIV, multiple sclerosis, rheumatoid arthritis and Type 2 diabetes, the White House said.It comes as millions of people are expected to facedouble-digit increasesAffordable Care Act coveragePresident Donald Trump announced the deal at a Friday news conference, flanked by executives from each of the nine companies: Amgen, Boehringer Ingelheim, Bristol Myers Squibb, Genentech, Gilead s, GSK, Merck, Novartis and Sanofi.“This represents the greatest victory for patient affordability in the history of American health care by far,” Trump said.The companies will receive a three-year exemption from tariffs in exchange for their commitment
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BMY
News
- The Healthcare Sector is Gaining Momentum. Watch This Stock Chart for a Reversal Setup. [Yahoo! Finance]Yahoo! Finance
- Trump announces lower drug price deals with 9 pharmaceutical companies [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nine of the largest pharma companies ink deals with Trump to lower drug prices [MSNBC.com]MSNBC.com
- Trump announces agreements with 9 major drugmakers to lower prices [CBS News]CBS News
- Bristol Myers Squibb Announces Agreement with U.S. Government to Improve Affordability and Access to Critical Medicines for Americans [Yahoo! Finance]Yahoo! Finance
BMY
Earnings
- 10/31/25 - Beat
BMY
Sec Filings
- 11/18/25 - Form 8-K
- 11/12/25 - Form CERT
- 11/10/25 - Form 8-A12B
- BMY's page on the SEC website