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The Guardian - US
The Guardian - US
Business
Callum Jones in New York

Trump threatens drug giants with crackdown over prices

Donald Trump United States
Three men and woman stand in front of American flag
Donald Trump with the health secretary, Robert F Kennedy Jr, Medicare and Medicaid administrator, Mehmet Oz, and Amy Gleason, acting administrator of the so-called ‘department of government efficiency’ on Wednesday. Photograph: Abaca/Shutterstock

Donald Trump has threatened to use “every tool in our arsenal” to crack down on pharmaceutical giants if they fail to cut drug prices for Americans within 60 days.

The president wrote to executives at 17 companies on Thursday, demanding they match their US prices for prescription drugs with the lowest price offered in other developed nations.

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