❓WHAT HAPPENED: President Donald J. Trump announced a deal with Pfizer to lower drug prices and increase investment in U.S. manufacturing, along with a new direct-to-consumer drug-buying website dubbed TrumpRx.
👤WHO WAS INVOLVED: PresidentTrump, Pfizer CEO Albert Bourla, and American patients.
📍WHEN & WHERE: Announcement made on Tuesday from the Oval Office.
💬KEY QUOTE: “Pfizer is one of the biggest, greatest in the world.” – Donald Trump
🎯IMPACT: Pfizer shares increased by 3.5 percent following the announcement.
Americans will soon have the opportunity to purchase prescription drugs directly from a new government website, dubbed “TrumpRx,” which will provide discounted drugs to consumers. President Donald J. Trump and members of his administration announced the site at the same time as a deal with pharmaceutical giant Pfizer, cutting drug prices for Americans and securing $70 billion in investment.
While specifics on the prescriptions available on TrumpRx are still to be explained in detail, President Trump indicated that at least some of Pfizer’s drugs would be offered on the new platform. The America First leader, speaking alongside Pfizer CEO Albert Bourla, said that the U.S. will benefit from the “lowest price” globally under a most-favored-nations system, addressing the long-standing issue of American consumers subsidizing global research and development costs.
.@Pfizer CEO @AlbertBourla: The big winner of this deal clearly will be the American patient — there’s no doubt about it. They are the ones that will see significant impact in their ability to buy medicines… We are ready to UNLEASH our investment portfolio in this country. 🇺🇸 https://t.co/SDmcFItFKf pic.twitter.com/G9V32nxZOD
— Rapid Response 47 (@RapidResponse47) September 30, 2025
Bourla admitted that, until now, foreign governments have been allowing America to shoulder an unfair share of the burden in terms of funding research and development, and that President Trump’s tariffs have proved a powerful means of forcing reform.
Following the announcements, Pfizer’s stock saw a 3.5 percent increase, reflecting a positive market response to the deal.
.@DrMakaryFDA: “Today marks the the beginning of the end of the great American rip off, and it also marks the beginning of the end of a great American tragedy; something I’ve seen as a physician at the bedside — patients getting spun up into a financial rage… to try to get… pic.twitter.com/SD0iKsZR2B
— Rapid Response 47 (@RapidResponse47) September 30, 2025
This story is developing…
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