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Trump Sets 30-Day Deadline for Drug Firms to Lower Prices

Hindustan Times Pune

|

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.

- Associated Press

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."

Hindustan Times Pune से और कहानियाँ

Hindustan Times Pune

'Early India-EU FTA can aid global stability'

The speedy conclusion of a trade deal between India and the European Union (EU) can make a “big difference” to efforts to stabilise the global economy and strengthen democratic forces, external affairs minister S Jaishankar said on Wednesday.

time to read

1 min

October 30, 2025

Hindustan Times Pune

Hindustan Times Pune

Will keep telling myself to stay calm, believe: Shafali

MUMBAI: On the eve of their all-important Women’s World Cup semifinal against defending champions Australia, as the India batters lined up fora hit out in the nets, Shafali Verma also took guard at the DY Patil Sports Complex’s University ground on ‘Wednesday afternoon.

time to read

2 mins

October 30, 2025

Hindustan Times Pune

Air India CEO calls crash tragic, awaits final probe report

Describing the crash of a Boeing 787 in June as “absolutely devastating,” Air India chief executive officer (CEO) Campbell Wilson on Wednesday said the airline continues to support affected families and staff while cooperating with the ongoing investigation.

time to read

2 mins

October 30, 2025

Hindustan Times Pune

Suzuki looks to drive revival with SUVs

TOKYO: Suzuki Motor plans to launch eight sport utility vehicles in India over the next five to six years as it looks to reclaim market share lost to rivals, the Japanese automaker's president Toshihiro Suzuki said on Wednesday.

time to read

1 min

October 30, 2025

Hindustan Times Pune

RELIANCE GROUP ALLEGES BID TO TARNISH IMAGE

Anil Ambani's Reliance Group on Wednesday issued a statement in anticipation of an online portal targeting it with an alleged expose, saying corporate rivals were resorting toa campaign of calumny, disinformation and character assassination.

time to read

1 min

October 30, 2025

Hindustan Times Pune

Hindustan Times Pune

Israel says it will uphold Gaza ceasefire after strikes kill 104

The Israeli military said on Wednesday that it would abide by a ceasefire accord in Gaza, as health officials in the enclave said airstrikes had killed 104 people, with both Israel and Hamas trading blame for violations of the deal.

time to read

1 mins

October 30, 2025

Hindustan Times Pune

Nvidia is 1st $5tn co on back of AI mania

BENGALURU: Nvidia made history on Wednesday as the first company to reach $5 trillion in market value, powered by a stunning rally that has cemented its place at the center of the global artificial intelligence boom.

time to read

1 min

October 30, 2025

Hindustan Times Pune

Smart, multiple alliances can be India’s new path

The international system is undergoing a profound transformation.

time to read

3 mins

October 30, 2025

Hindustan Times Pune

New US immigration rule: No auto extn of work authorisation

The US Department of Homeland Security has eliminated automatic extensions of employment authorisation documents, a move that will force foreign workers — especially Indians who make up a large portion of the expat workforce — to stop working if their renewals are not approved before their current permits expire.

time to read

1 min

October 30, 2025

Hindustan Times Pune

NATO: REDUCED U.S. MILITARY PRESENCE IN EASTERN EUROPE AN ‘ADJUSTMENT’

Nato said on Wednesday it had been informed in advance of US plans to reduce some of its troops deployed on the alliance’s eastern flank, describing the move as an “adjustment” and nothing “unusual”, AFP reported.

time to read

1 min

October 30, 2025

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