<h2 class="topline-heading">Topline</h2><p>President Donald Trump demanded several pharmaceutical companies cut down their drug prices for American consumers Thursday, issuing a Sept. 29 deadline for the businesses to “end the free ride of American innovation by European and other developed nations."</p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/688bbc687b44544256797433/President-Trump-Holds-A-Cabinet-Meeting-At-The-White-House/960x0.jpg?cropX1=0&amp;cropX2=1452&amp;cropY1=0&amp;cropY2=968" alt="President Trump Holds A Cabinet Meeting At The White House" width="100%" height="auto"></div><div style="--article-bg-color:#faf3f1"><div class="bMqrj"><div class="Jp--BF7-"><span style="-webkit-line-clamp:2" class="Ccg9Ib-7 _8XF2kHYM">Trump sent the letters out to big pharmaceutical companies Thrusday. (Photo by Win McNamee/Getty Images)</span></div><small class="pGGCM2aD">Getty Images</small></div></div></figure>

<div class="key-facts-element"><p>Trump listed his demands in letters to over a dozen pharmaceutical companies including AbbVie, Pfizer, Novo Nordisk and Eli Lilly.</p></div>

<em>This is a developing story. Check back for updates.</em>

President Donald Trump said his administration would “deploy every tool” to get drug prices reduced from large pharmaceutical companies if they do not meet the deadline.{ai:summary}<p>President Donald Trump has called on major pharmaceutical companies to reduce drug prices for American consumers, setting a deadline of September 29. He criticized the reliance on American innovation by European and other developed nations.</p><p>Trump's demands were communicated in letters to over a dozen companies, including AbbVie, Pfizer, Novo Nordisk, and Eli Lilly. #politics</p>

Trump Demands Big Pharma Cuts Drug Prices Within 60 days

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