Trump Announces Historic Drug Deal With Eli Lilly and Novo Nordisk Through TrumpRx Portal

President Donald Trump has unveiled a major healthcare initiative, announcing a historic agreement with Eli Lilly and Novo Nordisk to dramatically reduce prescription drug prices while reshoring U.S. medicine manufacturing. Through TrumpRx.com, Americans will gain access to medications at the lowest global prices under a “Most Favored Nation” deal. Trump hailed the move as a landmark victory for both healthcare affordability and U.S. jobs, emphasizing his commitment to lowering costs for weight-loss, diabetes, and other critical medications. The initiative is positioned as a direct challenge to pharmaceutical giants and aims to transform drug accessibility in the United States, making vital medications more affordable for millions of Americans. The announcement has sparked national attention, with widespread reactions from political leaders, healthcare experts, and industry insiders.

#TrumpRx #Trump #EliLilly #NovoNordisk #DrugPrices #Healthcare #PrescriptionDrugs #TrumpAnnouncement #USJobs #MedicineManufacturing #HealthcareReform #MostFavoredNation

Transcript

00:00The President is Chris Plump, and we have Steve

00:04— where's Steve?

00:05Is he here?

00:06Head of Public Relations for the White House.

00:09He's taking it.

00:14The United States is just 4 percent of the world's

00:17population and consumes only 13 percent of all

00:22prescription drugs, yet pharmaceutical companies

00:25make 75 percent of their profits from their

00:28American customer.

00:29I would say that's not so good, right?

00:34That's not exactly right.

00:35To address this chronic unfairness, I signed an

00:38executive order earlier this year instructing my

00:41administration to do everything in our power to

00:44implement most favored nations' drug pricing.

00:47Something that has been helped greatly by tariffs,

00:51because when nations refuse to do it — we should have

00:54put this in the case yesterday — I just say,

00:57well, if you're not going to do it, we're going to

00:58charge you a like amount of tariffs.

01:00And they immediately say, we'll do it, which means

01:04that Americans should pay no more than the lowest price

01:07offered anywhere in the world.

01:10So that — you've heard for years the disparity where

01:13you'll pay $150 for a pill in New York and you'll pay

01:16$10 for a pill in London.

01:18Now you're going to pay $20 both — because the world

01:22is a little bit bigger than the U.S.

01:23so it goes up that way — but you'll pay $20 and $20.

01:27A tremendous advantage to our country after years of

01:32being abused by the world system.

01:35Already, Pfizer, AstraZeneca, and EMD, Serrano, have

01:40agreed to drastically lower their prices for American patients.

01:43And today, Eli Lilly and Novo Nordisk are joining the

01:49phenomenal list of the most exciting announcements.

01:53I mean, nobody has ever had announcements like — and

01:55this has to do with other pharmaceutical products also.

02:00But we're covering this today because it's such a big

02:02seller.

02:03I guess it's the number one selling thing there is today.

02:06These are two companies that are behind the

02:08groundbreaking weight loss drugs that have helped

02:11millions of Americans struggling with obesity live

02:14better, longer lives, everything else.

02:16These are the two companies that really broke ground.

02:19Until now, neither of these two popular drugs have

02:22been covered by Medicare for weight loss, and they've

02:25only rarely been covered by Medicaid.

02:29They've often cost consumers more than $1,000 per month,

02:33and some a lot more than that.

02:36Americans have been spending as much as 520 percent more

02:40for ZepBound and 1,400 percent more for Wegovi than

02:46patients in Europe.

02:47Think of that.

02:481,400 percent more than a patient in Europe for the

02:50exact same box.

02:53And that ends starting today.

02:55The other countries are not happy with us.

02:58Now, I don't think they like me too much, Bobby,

03:00but that's okay.

03:01Eli Lilly and Novo Nordisk are committing to offer ZepBound

03:06and Wegovi at most favored nations rates for American patients.

03:11This will slash the cost of Wegovi from $1,350 a month

03:17to ultimately $250 a month.

03:20$1,350 to $250.

03:23Did I do a good job?

03:25They don't write about it.

03:26You know, they like to not write these things and reduce.

03:29You think anybody, you think Biden could have done this?

03:31I don't think so.

03:33And reduce the monthly cost of ZepBound from $1,080 to $346.

03:41In addition, they're both committing that future GLP-1

03:45weight loss drugs taken orally,

03:47which are currently under development,

03:49will be sold at no more than $149 per month.

03:54It's a massive thing of that.

03:56You go from 1,300 to $149 a month.

04:00We anticipate these new versions

04:02will be coming out in a very short period of time.

04:06All of these drugs will be available directly

04:08to the consumer at TrumpRx.gov.

04:13Trump, they want to use my name.

04:15Trump, it better be good.

04:17TrumpRx.gov.

04:19And I think it's turning out to be pretty amazing, right, us?

04:23Just as significantly, Medicare and Medicaid

04:26will finally cover the cost of these weight loss drugs

04:29for millions of patients suffering from obesity.

04:33Co-pays for Medicare patients will be as low as $50.

04:38This is tremendous savings.

04:41I mean, now you're talking about from $1,350 to $50.

04:47This is tremendous news for the American seniors.

04:49And you all remember when I had one-eighth of 1 percent for the year.

04:54I cut it one-eighth of them, and I was so thrilled.

04:56But now we're cutting it 1,000 percent, 1,200 percent.

05:00Nobody has ever seen anything like this.

05:02Nobody else could have done it, but I say that modestly.

05:06In addition, you think it was easy dealing with these people?

05:09It wasn't.

05:10You think it was easy saying,

05:13The drug, Mr. Eli Lilly, that we're selling for 1,300,

05:16is going to be sold for 250.

05:19You know the amazing thing?

05:20The stocks all went up.

05:21I mean, these guys are fantastic.

05:24Because it's going to equalize the world.

05:28The world is a bigger place, and it's going to equalize.

05:32I was a little surprised to see that, but I'm happy about it.

05:34In addition, Eli Lilly and Novo Nordisk have agreed to provide

05:38all of their other medications to Medicaid at most favored nations' prices.

05:43Most favored nations, meaning that you will pay

05:47the lowest price anywhere in the world.

05:49That's what you're going to pay.

05:50Whereas before, they paid low prices,

05:52and we paid, you know, thousands a percentile ahead more.

05:59And to sell these drugs to all consumers

06:01at deeply discounted prices via TrumpRx.com.

06:06When is TrumpRx.com opening?

06:08It's the site is open.

06:09It will launch in terms of giving people prices

06:12before the end of the year.

06:13The President's got to make sure it's successful.

06:15It's got my name on it.

06:17I don't want to be like so many others.

06:19I don't want to be like the train

06:21they're building in California, okay,

06:23which has about 15,000 percent cost to overrun.

06:28Or the Obama, the beautiful Obama building

06:31that he's building in Chicago for the museum,

06:35which has now shuttered up and dead.

06:38They got it up, and they couldn't finish.

06:41It's about, would you say, five years behind schedule?

06:44The President's got about 2,000 percent over budget.

06:47Then he tells us how to run Medicaid.

06:50Many of the most widely used drugs will be available

06:53for 60 percent off, or even more than that.

06:57In addition, all new medications introduced

07:01by Eli Lilly and Novo Nordisk to the American market

07:05will be sold at the heavily reduced,

07:08most favored nation's price.

07:10Most favored nation's price, that's the best.

07:13Because they have been thousands of percent lower

07:17than what we were selling, in many cases.

07:20Furthermore, Eli Lilly is investing $27 billion.

07:23That's all, and Novo Nordisk will invest $10 billion.

07:28That's all, that's peanuts, in the United States

07:32to reshore and do a big domestic manufacturing job

07:38in the facilities they're going to spend.

07:40So Eli Lilly spent $27 billion.

07:43Novo is spending $10 billion in the United States.

07:46So they're building new plant and equipment.

07:50That's part of what will be $20 or $21 trillion this year.

07:55There's never been anything like it.

07:57I know nobody talks about it.

07:59But there's never been anything like,

08:00I would say you would say,

08:02there's never been anything like this ever.

08:04Whether it's China or Europe, or you could take all of Europe,

08:09there's never been anything like this.

08:11So we're already past $17 trillion.

08:13We're going to be, I think, by the time the year closes out,

08:16we'll have investments of over $21 trillion,

08:19based on the way we're going.

08:21And, and by the way, tariffs are very important.

08:23Without tariffs, perhaps it could be a little bit different,

08:27to put it mildly.

08:29Tariffs are so important.

08:30The decision in the Supreme Court

08:33would be devastating to our country if we got a negative,

08:36devastating if we got a negative decision.

08:40But this is a great day for American health and healthcare,

08:44and for all of American patients.

08:46These are things that are miracles to have this happen.

08:49And they're, you know, we're bringing all our medicines,

08:51again, because of tariffs.

08:53We're bringing all our medicines.

08:55If you remember where, during COVID,

08:58we made almost no medicine here.

09:00We had to go to China. We had to go to Ireland.

09:03We had to go to other places, UK, to get our medicine.

09:06We didn't make it here. Now we're making it.

09:08We'll soon be making it all here, again, because of tariffs.

09:12And my election, but because of tariffs, much more.

09:15For years, politicians have talked about

09:18making healthcare affordable.

09:20But my administration is actually doing it.

09:22Americans deserve the best healthcare in the world.

09:26And we're now getting the best healthcare

09:27at the lowest price.

09:29So I'd like to ask someone who's doing a fantastic job,

09:33Secretary Kennedy, to say a few words,

09:36followed by Dr. Raj, Dr. Klopp, and then Beli Lai.

Trump Announces Historic Drug Deal With Eli Lilly and Novo Nordisk Through TrumpRx Portal | APT

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