00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump announced a deal with Pfizer to sell its drugs at lower prices for Medicaid
00:06patients, according to NBC News. As part of the agreement, Pfizer will sell some medicines
00:10through a new federal direct-to-consumer website called TrumpRx. Pfizer's deal with the White
00:15House grants it a three-year exemption from Trump's planned tariffs on pharmaceuticals
00:19made overseas, set to begin Wednesday. The company sent discounts of an average 50%
00:23to reach up to 85% on certain brand-name drugs. The program expected to launch in early 2026
00:29will initially serve Medicaid patients but will be able to all Americans, who experts
00:32question whether it will provide meaningful savings for most. Critics said direct-to-consumer
00:36sales mainly benefit the uninsured and warn that broader administration policies
00:41spending 100% drug tariffs could drive prices higher.
00:44For all things money, visit Benzinga.com.
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