Trump signs sweeping executive order to cut US drug prices by ‘up to 90%’

Get ready to rumble. In one corner, it’s President Donald Trump. In the other, it’s the pharmaceutical industry. | President Donald Trump has signed a sweeping executive order which he says will cut the price of drugs in the U.S. by up to 90%. The president is installing the price reduction through a “most favored nation” policy and is instructing the Department of Health and Human Services to tie what government pays for drugs to the lowest prices paid by other economically advanced countries.