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Trump signs executive order setting 30-day deadline for drugmakers to lower prescription drug costs
By AMANDA SEITZ and SEUNG MIN KIM
Updated 4:49 PM CDT, May 12, 2025
WASHINGTON (AP) — President Donald Trump on Monday signed a sweeping executive order setting a 30-day deadline for drugmakers to electively lower the cost of prescription drugs in the U.S. or face new limits down the road over what the government will pay.
The order calls on the health department, led by Robert F. Kennedy Jr., to broker new price tags for drugs over the next month. If deals are not reached, Kennedy will be tasked with developing a new rule that ties the price the U.S. pays for medications to lower prices paid by other countries.
“We’re going to equalize,” Trump said during a Monday morning press conference. “We’re all going to pay the same. We’re going to pay what Europe pays.”
It’s unclear what — if any — impact the Republican president’s executive order will have on millions of Americans who have private health insurance. The federal government has the most power to shape the price it pays for drugs covered by Medicare and Medicaid.
Trump’s promised new — but uncertain — savings on drug prices, just hours after the Republican-led House released its new plan to trim $880 billion from Medicaid. ...
READ THE FULL STORY - AP
House Republicans propose $5 billion for private school vouchers
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www.usatoday.com
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www.cnn.comUS businesses that rely on Chinese imports express relief and anxiety over tariff pause
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www.cnn.com
Trump admin live updates: Trump cessation of sanctions on Syria marks seismic shift in Middle East
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China breakthrough allows Trump to claim a ‘win’ as he leaves on first major foreign tour of second term | CNN Politics
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www.cnn.comTrump's plan to accept free Air Force One replacement from Qatar raises ethical and security worries
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Senior House Republican eviscerates Dems for 'fear campaign' against Trump's 'big, beautiful bill'
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www.cnn.comTrump administration welcomes 59 white South Africans as refugees
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Here are the states and districts that depend on Medicaid the most, in 3 charts | CNN Politics
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www.cnn.comSen. Paul points to business-sector resistance to Trump's tariffs in solidly red Kentucky
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www.usatoday.com
Federal court approves Mississippi legislative redistricting. Special elections will proceed
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U.S. and China agree to slash tariffs for 90 days as trade talks continue
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www.nbcnews.comHamas releases Israeli-American hostage in goodwill gesture toward Trump administration
The Israeli military confirmed that Alexander was turned over to the Red Cross on Monday evening and was being brought to Israeli forces.
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Trump’s China trade breakthrough might be enough to avoid self-inflicted recession | CNN Business
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www.cnn.comTrump's $4.9 trillion tax plan targets Medicaid to offset costs
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'Do you like Hamas?' Political commentator Hasan Piker says he was stopped at airport
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www.usatoday.com
Trump official targeted in Biden-era 'disinformation' dossier still under wraps days after Rubio revelation
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Russian drones attack Ukraine after the Kremlin turns down a ceasefire proposal but promises talks
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Legal details over accepting Qatari plane to use as Air Force One ‘still being worked out,’ White House says | CNN Politics
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www.cnn.comDow leaps 1,100 points and S&P 500 rallies 3.3% following a 90-day truce in the US-China trade war
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Federal judge's order for Trump to return deported migrant temporarily halted on appeal
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Software update keeps Newark airport radar online
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Trump defends the prospect of Qatar gifting him a plane to use as Air Force One
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US-China tariff deal: What does it mean?
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www.bbc.comIllinois governor is first in US to block federal access to personal data on autism
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White House correspondents protest lack of wire reporters on Air Force One
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House Republicans unveil sweeping tax plan but have yet to resolve key fight over SALT
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White South African refugees brought to US due to ‘government-sponsored racial discrimination': State Dept
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Harvard says it won't abandon ‘core’ principles to meet Department of Education demands
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www.cnn.comEpiscopal Church says it won't help resettle white South Africans granted refugee status in US
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Justice Department's Todd Blanche appointed acting Librarian of Congress
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www.cbsnews.comWhat's next with Trump's trade war truce with China
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Updates: Israel to send mediators to Qatar for Gaza truce talks with Hamas
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Hostage Edan Alexander released. Huge crowd in his hometown celebrates
Edan Alexander's neighbors gathered to watch scenes from Israel on a jumbo screen.
www.usatoday.com
Trump ordering U.S. to pay only the price other nations do for some drugs
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Trump administration live updates: President departs for first foreign trip; China and U.S. agree on tariffs pause
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www.nbcnews.comGov. Gavin Newsom urges California cities and counties to ban homeless encampments
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Monica Crowley clears Senate confirmation for key State Department ambassadorship
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Arizona Democratic Sen. Gallego wades into immigration debate with new plan
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Trump defends Qatar jumbo jet offer, says it would be 'stupid' to turn away free plane
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A landscape transformed: As it responds to cuts in federal programs, the arts community reels
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Edan Alexander: Hostage reunites with family after being freed by Hamas
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www.bbc.com
Trump endorses Jack Ciattarelli in New Jersey governor's race
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www.nbcnews.comIn Pittsburgh, candidates face their future voters, part of a national effort to engage the young
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Pentagon spent $21 million on flights to Guantanamo Bay amid deportation effort
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Newark Mayor Ras Baraka arrested at ICE facility while joining Democrats to conduct 'oversight'
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Trump's anti-DEI battle threatens nonprofits trying to fill critical labor gaps
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Here’s what’s in the House GOP’s sweeping tax and spending cuts package | CNN Politics
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www.cnn.com
'Neither side wants a decoupling.' US and China agree to trade deal with lower tariffs
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www.usatoday.com
Ukraine says Russian attacks continued after ceasefire proposed by Europe kicked in
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Israel resumes attacks on Gaza after US-Israeli soldier’s release
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Bill Maher praises pro-Trump comedian for Puerto Rico joke that set off liberal uproar
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Saudi oil giant Aramco announces first-quarter profits of $26 billion, down 4.6% from a year earlier
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ICE raids, mass deportation are 'the new normal,' modeled after Florida
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www.usatoday.com
DNC panel recommends redo of vote that elevated David Hogg to vice chair after procedural concerns
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White South Africans arrive in US under Trump refugee plan
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www.bbc.com
U.S. and China to ease tariffs significantly for 90 days, White House announces
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Honeytraps and high tech: Russian spy ring members jailed in the U.K.
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Trump, China agree to slash tariffs for 90 days: What to know
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Conservatives are cautiously hopeful that Pope Leo XIV will restore rigor to the papacy
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apnews.comHere’s what’s in the House GOP’s sweeping tax and spending cuts package | CNN Politics
The details of House Republicans’ plans for their sweeping tax and spending cuts package – otherwise known as President Donald Trump’s “big, beautiful bill” – are coming into view now that lawmakers have revealed many of the consequential and controversial proposals.
www.cnn.comGreat Lakes' $7 billion fishing industry may get a reprieve from the great carp invasion after all
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Crates full of Nazi documents found in Argentine court's basement
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www.bbc.com
While pushing ‘America First,’ Trump set to accept Qatar’s luxury jet as Air Force One
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www.cnn.com
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Philadelphia rapper and anti-violence activist LGP Qua killed in shooting
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Fox News guest Camryn Kinsey shares update after fainting on-air
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www.usatoday.com
Trump defends Qatar jumbo jet offer as troubled Boeing fails to deliver new Air Force One fleet
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Trump signs executive order that aims to slash drug prices by at least 50%
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www.nbcnews.comThings to know about the trial of Sean ‘Diddy’ Combs
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4th round of US-Iran talks ends as Trump set to embark on historic Middle East tour
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Expired ammunition explodes during disposal in Indonesia, killing 13 people
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Meet the 12 jurors who will decide Sean 'Diddy' Combs' sex trafficking and racketeering case
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Keir Starmer promises migration drop as he unveils plans for 'tighter' visa rules
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www.bbc.comPope Leo XIV urges release of imprisoned journalists, affirms gift of free speech and press
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Transportation Secretary Sean Duffy plans to reduce flight capacity at Newark airport
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Homeland Security subpoenas California's immigrant assistance program in latest crackdown on illegal immigration
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www.cbsnews.com
Trump departing today for Saudi Arabia, the first international trip of his new term
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www.cbsnews.comA timeline of the rise and fall of French movie star Gérard Depardieu
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Trump says China agrees to 'fully' open country's markets to US businesses
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NEWS FROM REUTERS:
