Trump’s Vow to Cut US Drug Prices Drags Pharma Stocks Lower

Trump Announces Executive Order to Lower Drug Prices

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By Rachel Cohrs Zhang, Derek Wallbank, and Hadriana Lowenkron

May 11, 2025 at 6:37 PM EDT

Updated on

May 12, 2025 at 7:38 AM EDT

President Donald Trump said he plans to order a cut in US prescription drug costs to bring them in line with other countries, spurring a drop in pharmaceutical shares worldwide.

Trump said drug prices will be cut by “59%, PLUS!” in a social media post on Monday.