President Donald Trump blasted Big Pharma for taking out television ads alleging he is raising prescription drug prices for seniors.
“The ad is a lie!” Trump tweeted on Tuesday.
On Friday, Trump signed a series of executive orders geared toward lowering the prices Americans pay for prescription drugs.
“What I have done will lead to a 50% REDUCTION in prices, at least, & Big Pharma is not happy about it," he wrote. "No other President would….be able to produce what I have.”
Trump said the only reason Big Pharma is putting out “nasty ads” is because the “massive PRICE REDUCTIONS you are getting - not good for them.”
He added he is the “only President in 51 years that got a Prescription D reduction!”
Trump’s tweets come after a meeting scheduled with pharmaceutical executives on Tuesday was called off.
White House officials told Politico that some drugmakers refused to send representatives to the meeting after Trump issued the executive orders.
© 2025 Newsmax. All rights reserved.