00:00President Trump just announced a deal with Pfizer, one of the world's largest drug companies to lower the cost of prescription drugs in the U.S.
00:07The plan, called Trump Rx, builds on his most favored nation pricing strategy, meaning drug makers must offer Americans the same low prices they give to other wealthy countries.
00:17It's set to launch in 2026 as a government-run website where people without insurance can buy medications directly from manufacturers, some at half the price.
00:26Pfizer agreed to sell new drugs like Paxlovid, cancer treatments, and vaccines at those reduced rates.
00:32In exchange, they'll get relief from tariffs and commit $70 billion to U.S. manufacturing.
00:38While Trump Rx is designed primarily for uninsured Americans, people with insurance may also be able to use this site if their plan doesn't cover a specific drug or if the Trump Rx price is lower than their copay.
00:49But details are still emerging.
00:51For everyday Americans, this could reshape access to life-saving medications.
00:55But only if the plan delivers on its promises.
00:58For drug providers, both in the U.S. and abroad, it signals a shift towards transparent pricing and could pressure companies to align with international price standards, potentially impacting profits and global strategies.
01:10So, do you think this plan will make a difference or is it just talk like Trump Mobile?
01:14Let us know in the comments and follow us here for more.
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