AstraZeneca Announces Historic Drug Discount Deal with Trump Administration
AstraZeneca's CEO Pascal Soriot joined President Donald TRUMP at the White House to unveil a groundbreaking drug pricing agreement. The British pharmaceutical giant will offer an 80% discount on medications for chronic diseases through a direct-to-consumer platform, aligning with Trump's Most Favored Nation pricing policy for Medicaid.
Despite the significant announcement, AZN stock showed muted reaction, dipping 0.60% on Friday and remaining flat around $84 in pre-market trading Monday. The deal marks the second such arrangement between the Trump administration and a major drug manufacturer.