Trump Demands Lower Drug Prices and Faster US Plant Approvals

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White House drops two pharmaceutical bombshells in May 2025 that could reshape the entire $500 billion industry.

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Trump's May 5th executive order promises to slash drug plant approval times from 5-10 years to just months.

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FDA, EPA, and Army Corps of Engineers get 180 days to streamline approval processes - or face presidential pressure.

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Foreign drug plants hit with higher inspection fees while US manufacturing gets fast-track treatment.

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PhRMA president Stephen Ubl warns: "Importing foreign prices from socialist countries would be a bad deal for American patients and workers.

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May 12th ultimatum gives drug companies just 30 days to voluntarily cut prices - or face government action

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We're going to equalize," Trump declares. "We're all going to pay the same. We're going to pay what Europe pays.

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Merck stock jumps 3.9% to $64.2 billion, Pfizer rises 2.5% to $63.6 billion - investors aren't panicking yet.

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Biotech Innovation Organization president calls plan "deeply flawed" - warns it would "devastate small biotech companies.

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Health expert Rachel Sachs reveals the timeline: "Years in the future" before prices actually drop.

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RFK Jr., Dr. Oz, and Dr. Makary lead implementation - but courts blocked similar attempts in 2020.

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Senate Majority Leader Thune calls price controls "fairly controversial" if Congress gets involved.

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