By — Associated Press Associated Press Leave your feedback Share Copy URL https://www.pbs.org/newshour/politics/watch-trump-says-more-pharmaceutical-companies-will-lower-drug-prices Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter WATCH: Trump says more pharmaceutical companies will lower drug prices Politics Aug 31, 2026 5:09 PM EDT The president said nine more pharmaceutical companies would sell their drugs to state Medicaid programs at discounts under his so-called "most favored nation" pricing system. Watch the president's remarks in the player above. Trump spoke while seated in the Oval Office, flanked by aides and business executives to highlight his program to have the stick prices for prescription drugs match or be lower than what is charged overseas. Educate your inbox Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else. Enter your email address Subscribe Form error message goes here. Thank you. Please check your inbox to confirm. The nine companies are Alcon, Astellas Pharma, BeOne Medicines, BridgeBio, CSL, Kyowa Kirin, Sun Pharma, Teva Pharmaceuticals, and UCB. Trump has tried to use his efforts to have initial prices for prescription drugs before insurance-related discounts to tell voters worried about inflation that he is tackling affordability issues. It's unclear how much in savings will actually materialize for consumers as insurance already pays at a discount, although the administration has claimed more than $500 billion in savings over a decade. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now By — Associated Press Associated Press
The president said nine more pharmaceutical companies would sell their drugs to state Medicaid programs at discounts under his so-called "most favored nation" pricing system. Watch the president's remarks in the player above. Trump spoke while seated in the Oval Office, flanked by aides and business executives to highlight his program to have the stick prices for prescription drugs match or be lower than what is charged overseas. Educate your inbox Subscribe to Here’s the Deal, our politics newsletter for analysis you won’t find anywhere else. Enter your email address Subscribe Form error message goes here. Thank you. Please check your inbox to confirm. The nine companies are Alcon, Astellas Pharma, BeOne Medicines, BridgeBio, CSL, Kyowa Kirin, Sun Pharma, Teva Pharmaceuticals, and UCB. Trump has tried to use his efforts to have initial prices for prescription drugs before insurance-related discounts to tell voters worried about inflation that he is tackling affordability issues. It's unclear how much in savings will actually materialize for consumers as insurance already pays at a discount, although the administration has claimed more than $500 billion in savings over a decade. A free press is a cornerstone of a healthy democracy. Support trusted journalism and civil dialogue. Donate now