(AP) – The White House says the president’s Friday afternoon announcement in the Oval Office is aimed at reducing drug prices, but has provided few details.
It follows Trump announcing late last month that his administration had reached an agreement with Pfizer, aiming to reduce the prices of its U.S. prescription drugs to be similar to the lowest prices paid by other developed nations.
Advocates saw Trump’s Pfizer announcement as positive, but said they worried it put the onus too heavily on the drug company to cut prices, rather than attempting to spell the move out as part of a larger U.S. policy.
The event is scheduled to begin at 5 p.m. EDT.
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