Nine Mid-Size Drugmakers Agree to Cut Prices, Invest $19.6B in U.S. Factories

ALC +4.75% BBIO +0.56%

1. 1President Trump on Monday announced agreements with nine mid-size drugmakers to lower U.S. drug prices
2. 2Nine companies including Alcon (ALC) and Teva (TEVA) pledged to price drugs at or below the lowest levels in developed nations and invest at least $19.6 billion in U.S. factories
3. 3White House says combined with prior deals, 26 companies now cover 89% of the brand-name drug market, with estimated savings of $600 billion over 10 years

Source Stocktwits +1 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →