Company Filings Shed Light on Trump’s Drug Pricing Deals

Securities and Exchange Commission records, earnings calls, and public statements show the term and scope of most favored nation deals.
Company Filings Shed Light on Trump’s Drug Pricing Deals
Pfizer CEO Albert Bourla speaks in the Oval Office on Sept. 30, 2025, as (L–R) Secretary of Health and Human Services Robert F. Kennedy Jr., Administrator for the Centers for Medicare and Medicaid Services Mehmet Oz, and President Donald Trump look on. Win McNamee/Getty Images
Lawrence Wilson
Lawrence Wilson
Senior Reporter
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Sixteen drugmakers have entered into or are negotiating confidential pricing deals with the Trump administration. Apart from the broad strokes laid out in public announcements, most details remain unknown.

President Donald Trump’s aim in making the deals is to correct the long-standing practice by pharmaceutical companies of charging Americans about three times more for prescription medications than those in other countries.
Lawrence Wilson
Lawrence Wilson
Senior Reporter
Lawrence Wilson covers healthcare and politics.