Billionaire hedge‑fund manager Bill Ackman is declaring an ideological victory after President Trump’s latest Truth Social post declaring his intent to slash drug pricing by massive margins. “President @realDonaldTrump must have liked my idea,” Ackman wrote Monday, reposting a March thread in which he urged the United States to ban pharmaceutical companies from charging lower prices overseas than at home.
Over the weekend, President Donald Trump used Truth Social to preview a new executive order he says will slash U.S. drug prices by “30 % to 80 %” by tying them to the cheapest price paid anywhere in the world under a “Most Favored Nation” (MFN) model — effectively the same outcome Ackman proposed. The President teased this post as “one of the most important and impactful… ever issued.”
