Trump claims a big win over Big Pharma, forcing Pfizer to walk back drug price hikes
President Donald Trump promised he would take on Pfizer. And now he’s claiming a big victory over Big Pharma price hikes.
Pfizer $PFE, you may recall, deeply embarrassed the president recently when the company hiked its prices on a range of products — after Trump had claimed that drug prices would soon be falling dramatically.
Now Trump says he’s been in direct contact with Ian Read — along with HHS Secretary Alex Azar — and the Pfizer CEO has backed down, agreeing to delay the hikes by some months.
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