US President Donald Trump has signed a wide-ranging executive order. It targets drug costs by directing pharmaceutical companies to lower their prices. The goal is to align with rates paid in other developed countries. This executive order marks a clear initiative where Trump targets drug costs. It fulfills a key campaign promise. The move was met with scepticism from analysts…
Tag: Donald Trump
-
Trump’s Pharmaceutical Tariffs to Boost US Manufacturing?
The Trump administration is preparing new trade measures. These plans could reshape the global drug industry. Trump’s pharmaceutical tariffs target imported medicines and their core ingredients. This follows the President’s “America First” agenda. He uses tariffs to protect American industries. These measures aim to help US manufacturing flourish. They also reduce dependency on other nations. The Goal Behind Trump’s Pharmaceutical…
-
Pharmaceutical industry fights to shield drugs from tariffs
Pharmaceutical giants are actively lobbying the Trump administration and European Union officials to exclude medical goods from escalating trade disputes. They fear significant price increases and restricted patient access to essential medications. The industry’s concerns centre on the potential impact of tariffs on top-selling drugs like Novo Nordisk’s Wegovy for weight loss and Merck’s cancer immunotherapy Keytruda. In discussions with…
-
Trump’s USAID cuts threaten SA’s HIV/AIDS progress
In a devastating move for South Africa’s healthcare sector, former US President Donald Trump rescinded all USAID grants supporting HIV/AIDS programs in the country. The decision, announced on Thursday, has put thousands of healthcare jobs at risk and threatens the progress made in battling the epidemic. Health activists warn that the cuts could reverse years of hard-won gains, leaving vulnerable…