Trump signs executive order that aims to slash drug prices by at least 50%

Yeah. Just another BS decree that has no substance. The king saying “make it happen!” ans leaving the impossibility of it to others.

Tank pharma companies stock, alert insider trading partners to buy, rescind EO.
Taking bets now.

Hey remember when Biden actually did something about this and Trump repealed it immediately?
https://www.cnn.com/2024/08/15/politics/medicare-drug-price-negotiations/index.html
I'm sure declaring "drugs are cheaper now" will work just as well as it did last time he signed this EO.

Ooh, so now medication will only be 50 times more expensive than in Mexico, I'm sure that'll stop Americans from medicine shopping in Mexico.
Mexico should do something to stop that invasion of US citizens, they're all sick and do nothing to improve the economy, they only buy medication, food, souvenirs, and then they leave only to return a few weeks later! This is an act of war, Mexico should build a wall!
Please don't make me add an /s here

by aligning what the government pays for certain medications to the prices paid in other countries.
Big pharma will just raise the rate across the world, in some cases against the local country controls. So those govts will just authorise the use and manufacture of generics, like India did who invalidated copyrights, to bring down the costs. Next, big pharma will get generics banned in the US so back to square one with the high prices.
- This sounds semi-likely. Pretty much anything that Trump does should be looked at through the lens of a Russian agent.
- Nearly every other country negotiates drug prices as a bloc, the companies have no power in universal healthcare models. Which is why insulin is dozens of times cheaper anywhere but the US.

Let's watch 47 come before the drug companies in a few days. Btw watch the stock market manipulation as he retreats from this threat and scurried back to business as usual

This is very capitalist and certainly not communist approach to market prices 🤪
- Capitalism often operates in regulated markets, including those with price controls.
  The pricing mechanism in (nominally) communist countries is generally not based on price caps, but instead a mix of political expedience and an attempt to implement the labor theory of value (which is fallacious and therefore unworkable).

He’s an idiot and there are a number of obviously deliberate errors in his statements about this matter already, indicating that he is once again lying.

The headline sounded like a dub, but the comments got me feelin like this just another L
- That's the point. Grab headlines that make the public think he's some benevolent leader, while in reality, this is a big nothingburger