‘The Big Money Show’ panel discusses President Donald Trump’s pharmaceutical tariff strategy.
President Donald Trump on Thursday sent letters to 17 pharmaceutical companies regarding reducing drug prices.
White House press secretary Karoline Leavitt said at her press briefing that Trump sent out the letters following an executive order earlier this year.
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President Donald Trump talks to the media as he meets with British Prime Minister Keir Starmer at Trump Turnberry golf club on July 28, 2025 in Scotland. (Getty Images / Getty Images)
“The president signed an executive order earlier this year to solve the problem of exorbitant pharmaceutical pricing,” Leavitt said. “According to recent data, the prices that Americans have been paying for brand name drugs are more than three times the price other similar, similarly developed nations pay. The president is determined to solve this problem and took further action today. He has signed 17 letters to pharmaceutical companies’ CEOs.”
Leavitt then read aloud a letter sent to the CEO of Eli Lilly, then said all of the letters would be made available to the press following the briefing.
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Trump also began posting copies of each letter to his social media platform, TRUTH Social.
This is a developing story. Check back for updates.
