President Trump is set to sign an executive order aimed at reducing medication prices significantly, targeting a decrease of 30% to 80%. He plans to set price targets for drug manufacturers within the next month, with a six-month timeframe for compliance. If drug companies do not show significant progress, further actions will be taken by the government. Despite initial declines in stock prices following the announcement, many pharmaceutical stocks have rebounded, reflecting investor optimism about their future performance amid these changes.
President Trump plans to sign an executive order directing drug makers to reduce medication prices by 30% to 80% to align with international costs.
The government will impose price targets on drug makers within 30 days and initiate further action if significant progress isn't made in six months.
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