Trump Announces Historic Pfizer Deal: 50% Discount on Medications Through TrumpRx Platform

Oct 02, 2025 12:45 pm CST

President Trump has announced a groundbreaking agreement with pharmaceutical giant Pfizer that promises to reduce prescription drug costs for Medicaid recipients through most-favored-nation pricing. The deal includes Pfizer's participation in the new TrumpRx website, offering consumers average discounts of 50% on medications purchased directly from manufacturers, along with a $70 billion investment commitment in domestic manufacturing facilities. This first-of-its-kind arrangement aims to address America's higher prescription drug prices compared to other developed nations.