Try GOLD - Free
Trump Sets 30-Day Deadline for Drug Firms to Lower Prices
Hindustan Times Gurugram
|May 13, 2025
President Donald Trump on Monday signed a sweeping executive order setting a 30-day deadline for drugmakers to electively lower the cost of prescription drugs in the US or face new limits down the road over what the government will pay.
WASHINGTON:
The order calls on the health department, led by Robert F. Kennedy Jr., to broker new price tags for drugs over the next month. If deals are not reached, Kennedy will be tasked with developing a new rule that ties the price the US pays for medications to lower prices paid by other countries. "We're going to equalize," Trump said during a Monday morning press conference. "We're all going to pay the same. We're going to pay what Europe pays."
"The pharmaceutical companies make most of their profits from America," Trump said. "That's not a good thing."
Trump played up the announcement over the weekend, boasting in one post that his plan could save "TRILLIONS OF DOLLARS."
This story is from the May 13, 2025 edition of Hindustan Times Gurugram.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Gurugram
Hindustan Times Gurugram
Bushra Ateeq wins GD Birla Scientific Research Award
{ NEXT-GEN THERAPEUTIC, DIAGNOSTIC STRATEGIES FOR CANCER
1 mins
January 08, 2026
Hindustan Times Gurugram
Bethell's maiden ton lifts England
Jacob Bethel fulfilled his potential with a maiden Test century Wednesday as England builta fragile 19-run second-innings lead with two wickets remaining to give themselves a glimmer of hope in the final Ashes Test.
1 mins
January 08, 2026
Hindustan Times Gurugram
Hours after hearing in court, bulldozers at Turkman Gate
The overnight events at central Delhi's Turkman Gate unfolded quickly, with stone pelting by some local residents triggering a lathi charge and teargas shelling by the police, ending with the arrest of five people on Wednesday morning.
3 mins
January 08, 2026
Hindustan Times Gurugram
KSI GOES DESI IN MUMBAI
British social media star, musician and professional boxer KSI arrived in Mumbai on Wednesday, kicking off his India visit with a special HT City shoot.
1 min
January 08, 2026
Hindustan Times Gurugram
HC freezes govt action on Vedanta’s offshore oil block
In relief to Vedanta Ltd, the Delhi High Court has ordered status quo on the Union government's direction asking the company to stop operations and hand over the CB-OS/2 offshore oil and gas block in Gujarat to the Oil and Natural Gas Corp.
1 mins
January 08, 2026
Hindustan Times Gurugram
Nicole Kidman, Keith Urban finalise divorce; Amy Schumer files to end marriage
Actor Nicole Kidman, 58, and singer Keith Urban, 58, have officially finalised their divorce after 19 years of marriage, with both agreeing not to seek alimony or child support, People reported.
1 min
January 08, 2026
Hindustan Times Gurugram
US seizes 2 oil tankers, to ease Venezuela sanctions
Donald Trump has said Venezuela will supply up to 50 million barrels of oil to the US, worth roughly $2.8 billion at the current market price
1 mins
January 08, 2026
Hindustan Times Gurugram
Play more, grow stronger: Teen Maaya’s mantra for pro grind
India’s 16-year-old Nadal academy trainee sees senior competitions as a way to toughen up
3 mins
January 08, 2026
Hindustan Times Gurugram
Bihar doc joins service month after niqab row
Nusrat Parveen, an Ayush doctor who found herself in the middle of a controversy last month when Bihar chief minister Nitish Kumar pulled down her niqab (veil) during an appointment letter distribution ceremony, has joined the service, officials aware of the details said on Wednesday.
1 min
January 08, 2026
Hindustan Times Gurugram
Cong, AIMIM alliances unacceptable: Maha CM
Post-poll alliances, although a routine thing in Maharashtra's politics, took everyone by surprise in two municipal councils on Wednesday, when the local unit of the Bharatiya Janata Party (BJP) joined hands with arch rivals Congress and the All India Majlis-e-Ittehadul Muslimeen (AIMIM), causing embarrassment to and drawing the ire of the state leadership of both the ruling and opposition parties.
1 min
January 08, 2026
Listen
Translate
Change font size