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J&J cuts MFN deal with the Trump administration, bolsters US onshoring efforts [Yahoo! Finance]
Last gilead sciences, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: investors.gilead.com
Through a voluntary agreement with the Trump administration, J&J will now offer unspecified medicines from its portfolio at lower prices to cash-paying patients through the government-run, direct-to-consumer (DTC) platform, TrumpRx.gov. In exchange for slashing its rates on medicines, the New Jersey pharma will gain immunity to the 100% tariffs on imported branded pharmaceuticals threatened by Trump back in April 2025. J&J's deal comes amid a swathe of agreements between pharma companies and the Trump administration, with nine deals involving Genentech, Gilead Sciences, GSK, MSD, Amgen, Bristol Myers Squibb (BMS), Boehringer Ingelheim, Novartis and Sanofi announced in December 2025. Pfizer and AstraZeneca were the first to come to a drug pricing agreement with the White House, with both companies striking deals in October 2025. These agreements were set in stone after Trump called on 17 large pharma companies to cut drug prices on the US market. Of these 17, AbbVie and Regene
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