Trump Expands Drug Pricing Agreements and Urges Oil Refiners to Boost Output
President Donald Trump signed new drug pricing agreements with nine pharmaceutical companies, bringing the total to 26. He also met with oil refiners and urged them to increase fuel production, while the EPA approved early sales of winter gasoline.
Sources
· 3Key points
- President Trump signed new drug pricing agreements with nine pharmaceutical companies, bringing the total to 26.
- The deals require discounts on outpatient drugs in all state Medicaid programs and commitments to invest at least $19.6 billion in U.S. manufacturing.
- At a closed-door White House meeting, Trump urged oil refiners to increase production of gasoline and diesel fuel amid record seasonal prices.
- The EPA allowed winter E10 gasoline to be sold starting September 1, about two weeks earlier than usual, to increase fuel supply and lower prices.
- The average U.S. price of regular gasoline was $4.10 per gallon, up from $3.13 a year earlier.
What happened
President Donald Trump signed new drug pricing agreements with nine pharmaceutical companies, bringing the total number of such agreements to 26. They include commitments to invest at least $19.6 billion in U.S. production and cover treatments for chronic and rare diseases, including hemophilia, liver diseases, skin diseases and certain types of cancer.
On Tuesday, at a closed-door White House meeting, Trump called on American oil refiners to increase production of gasoline and diesel fuel. They discussed regulatory changes, expedited permitting and additional investment to reduce fuel prices. The EPA announced on Thursday that starting September 1 it would allow sales of winter gasoline containing 10% ethanol, about two weeks earlier than usual, to increase fuel supply and lower prices. The average U.S. price of regular gasoline was $4.10 per gallon, up from $3.13 a year earlier.
What's Next
The nine pharmaceutical companies committed to invest at least $19.6 billion in U.S. manufacturing.
Related original articles
- Трамп расширил соглашения о ценах на лекарства с 9 фармкомпаниями, доведя их число до 26Yahoo Finance · 11h ago
- Трамп призвал нефтепереработчиков США нарастить выпуск топлива на встрече в Белом домеYahoo Finance · 1d ago
- EPA досрочно отменила летний бензиновый стандарт с 1 сентябряYahoo Finance · Aug 20