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Live Updates  >  Live Update Details

2026-04-17 10:10:30

[Senate Democratic Report: Trump's Drug Price Deal Failed to Stop Drug Price Hikes, Pharmaceutical Companies' Profits Soar] (1) US President Trump has repeatedly stated that his agreement with pharmaceutical companies will lower prescription drug prices in the United States. (2) However, a report released by Senate Democrats (published by Bernie Sanders before the drug pricing hearing) found that companies that signed pricing agreements with Trump actually raised the prices of hundreds of drugs and launched new drugs with an average annual price of $353,000, including expensive gene therapies, cancer drugs, and multiple sclerosis drugs. (3) The report also pointed out that these companies' profits increased significantly during Trump's presidency, with total profits reaching $177 billion in 2025, up from $107 billion in 2024.

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