Trump's Bold Move to Slash Drug Prices

U.S. President Donald Trump has made a striking announcement regarding prescription drug prices, committing to a 59% reduction. However, specifics of the plan remain undisclosed, leaving many in anticipation.

The declaration was shared on social media, where Trump capitalized his intent to enact significant cuts. This announcement comes as pharmaceutical stocks experienced a downturn on Monday morning.

On Sunday, Trump mentioned his intention to sign an executive order targeting 'most favored nation' pricing. This international reference pricing strategy is expected to reshape pharmaceutical pricing, affecting market dynamics and drawing widespread attention ahead of the White House's impending healthcare event.

(With inputs from agencies.)