Health

Trump Demands US Drug Price Cuts, Sending Pharma Shares Slumping

WATCH: Trump sent letters to 17 of the world’s largest pharmaceutical companies demanding they charge the US what other countries pay for new medicines. Bloomberg Intelligence’s Sam Fazeli breaks down the situation.Source: Bloomberg

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By Madison Muller, Damian Garde, and Robert Langreth

July 31, 2025 at 5:52 PM UTC

Updated on

August 1, 2025 at 9:04 AM UTC

European pharmaceutical stocks slumped, continuing a selloff that started with US-listed peers after President Donald Trump escalated his campaign to pressure drugmakers to lower prices in the country.