Trump gives drugmakers 60 days to slash prescription drug prices

President Donald Trump sent letters to more than a dozen major drugmakers Thursday demanding that they lower the cost of prescription drugs in the U.S. within 60 days.

In the letters — which Trump published on his social media platform Truth Social — the drugmakers were told to offer the “full portfolio” of their existing medications to Medicaid patients at the same prices paid abroad, also known as the “most favored nation” rule.

He also told drugmakers to “guarantee” that patients on Medicare, Medicaid and private insurance get the same lower prices that are paid abroad for all newly approved drugs “both upon launch...