The Trump administration has announced a deal with pharmaceutical giant Pfizer to offer discounted prescription drugs via a new government-operated website called TrumpRx. This agreement, prompted by President Donald Trump's push for lower drug prices, will see significant price reductions for some medicines and Pfizer will also lower prices for the state-run Medicaid program.

• Drug prices for some medicines on TrumpRx will be slashed by up to 85%.
• Pfizer has agreed to lower prescription drug prices for Medicaid, avoiding tariffs.
• Pfizer will invest an additional $70 billion in US manufacturing, research, and development.