Trump slams Pfizer after July 1 drug price hikes

NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Monday took aim at Pfizer Inc (PFE.N) and other U.S. drugmakers after they raised prices on some of their medicines on July 1, saying his administration would act in response. “Pfizer & others should be ashamed that they have raised drug prices for no reason.” Trump wrote in a post on Twitter on Monday. Trump had said in May that some drug companies would soon announce “voluntary, massive” cuts in prices, but none have materialized yet. …read more

Source:: Yahoo Finance

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