Trump orders drug firms to cut U.S. prices to match foreign rates or face unspecified actions.

President Trump demanded 17 major pharmaceutical companies lower drug prices in the U.S. to match those in other developed countries within 60 days. This follows an executive order in May aiming to implement "Most Favored Nation" pricing, which ties U.S. drug prices to lower rates abroad. Trump threatened unspecified actions if companies refuse to comply, amid data showing Americans pay up to three times more for brand-name drugs than other similar nations.