00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump signed a detective order to accelerate prescription drug manufacturing in the U.S.
00:07And according to CNBC, the order aims to reduce reliance on foreign supply chains
00:11ahead of planned tariffs on imported medicines.
00:14The order instructs the FDA to speed up approval of U.S. drug manufacturing plants
00:17by cutting red tape, streamlining reviews, and offering early support to domestic producers.
00:23The order also directs the FDA to increase inspection fees for foreign drug plants,
00:27strengthen reporting enforcement on ingredient sources,
00:31and consider publicly naming non-compliant facilities.
00:34Trump said national security depends on domestic drug production,
00:37and confirmed he will announce pharmaceutical-specific tariffs within two weeks.
00:42For all things money, visit Benzinga.com slash GSTV.
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