AstraZeneca to Offer Discounted Drugs As Trump Pressures Pharma Industry to Cut Prices

Core Point - AstraZeneca will offer discounts of up to 70% on its asthma and diabetes drugs in the U.S. in response to a deadline set by the Trump administration for pharmaceutical companies to reduce drug prices [1] Company Summary - AstraZeneca is taking proactive measures to comply with upcoming regulations aimed at lowering drug prices [1] - The company's decision reflects a broader trend in the pharmaceutical industry to address pricing pressures and enhance accessibility for patients [1] Industry Summary - The pharmaceutical industry is facing increasing scrutiny and pressure to reduce drug prices, particularly in the U.S. market [1] - The move by AstraZeneca may set a precedent for other companies in the industry to follow suit in order to meet regulatory expectations [1]