US President Donald Trump to announce new deals to lower drug prices, White House says

The announcement is scheduled for 1 p.m. ET at the White House. AbbVie, Bristol Myers Squibb, Gilead Sciences, and Merck are among major drugmakers expected to announce deals to cut ‌prices on some ‌medicines, according to sources familiar with the matter. Swiss drugmakers In July, Trump sent letters to leaders of 17 major pharmaceutical companies, outlining how they should provide so-called most-favored-nation prices to the U.S. government's Medicaid health program for low-income people, and guarantee th ...