U.S. President Donald Trump participates in a bilateral assembly with Finland’s President Alexander Stubb (not pictured), within the Oval workplace on the White Home in Washington, D.C., U.S., Oct. 9, 2025.
Nathan Howard | Reuters
The Trump administration and AstraZeneca introduced Friday they’ve reached an settlement for the U.Okay.-based pharmaceutical big to chop drug costs within the U.S.
The cope with AstraZeneca follows an identical pact with U.S. drugmaker Pfizer, which was introduced late final month.
President Donald Trump and AstraZeneca CEO Pascal Soriot introduced the settlement throughout a White Home occasion on Friday. AstraZeneca will conform to promote medication on to Medicaid sufferers on the lowest value supplied in different developed international locations, or what Trump calls “most-favored nation” pricing, on a coming authorities web site referred to as TrumpRx.gov.
Pfizer agreed to comparable phrases with the Trump administration and acquired a three-year exemption from pharmaceutical sector tariffs as a part of the settlement, on the situation that it continued to spend money on U.S. manufacturing.
It’s unclear if the cope with AstraZeneca would additionally embody such a carveout.
AstraZeneca in July mentioned it could make investments $50 billion within the U.S. by 2030. The corporate introduced additional particulars about these plans Friday forward of the reported pricing deal announcement.
MSNBC earlier reported on the settlement.
Trump has pushed drugmakers to chop costs and construct out manufacturing within the U.S., as sky-high prices for medicines relative to different developed international locations irk voters throughout the political spectrum. As his administration threatened pharmaceutical firms with tariffs as excessive as 250% in current months, many drugmakers introduced important investments within the U.S.
Trump has mentioned he goals to strike pricing offers with different main drugmakers within the weeks forward.
“If we do not make a deal, we’ll tariff them,” he mentioned late final month as he introduced the Pfizer settlement.
This story is creating. Please test again for updates.
