Amanda Prestigiacomo

Yeah, a lot of attention being paid to this order and for good reason. Trump said that he's going to lower drug prices in the U.S. by up to 80%. He's going to do that by implementing the most favored nation policy.

Yeah, a lot of attention being paid to this order and for good reason. Trump said that he's going to lower drug prices in the U.S. by up to 80%. He's going to do that by implementing the most favored nation policy.

He said he's going to cut out industry middlemen and he's basically going to tell the European Union and other allied nations that they need to pay more for research and development, which is also called R&D. Here's the president.

He said he's going to cut out industry middlemen and he's basically going to tell the European Union and other allied nations that they need to pay more for research and development, which is also called R&D. Here's the president.

Now, specifically, this order is going to allow Americans to buy drugs directly from manufacturers, cutting out those middlemen. These so-called middlemen are PBMs or pharmacy benefit managers. They work with insurance providers to negotiate prices with drug companies in exchange for including those drugs in their coverage.

Now, specifically, this order is going to allow Americans to buy drugs directly from manufacturers, cutting out those middlemen. These so-called middlemen are PBMs or pharmacy benefit managers. They work with insurance providers to negotiate prices with drug companies in exchange for including those drugs in their coverage.

Now, critics have said that PBMs are not transparent and they don't actually have incentive to lower prices for Americans. The order also sets a 30-day deadline for HHS to work with these drug makers to lower prescription drug costs. If a deal is not reached in time, a new rule is going to kick in that will effectively make these drugs the same price as other nations are paying for them.

Now, critics have said that PBMs are not transparent and they don't actually have incentive to lower prices for Americans. The order also sets a 30-day deadline for HHS to work with these drug makers to lower prescription drug costs. If a deal is not reached in time, a new rule is going to kick in that will effectively make these drugs the same price as other nations are paying for them.

Trump was asked on Monday if this order now means that America is setting price controls. Here's how he responded.

Trump was asked on Monday if this order now means that America is setting price controls. Here's how he responded.

Dr. Marty McCary, who's now leading the FDA, he spoke at the press conference too, and he was very passionate about this order.

Dr. Marty McCary, who's now leading the FDA, he spoke at the press conference too, and he was very passionate about this order.

HHS Secretary Robert F. Kennedy Jr., also at the presser, he targeted the EU as well. He said that if they were to chip in for R&D and raise their prices by just 20 percent, that would dramatically reduce prices for Americans.

HHS Secretary Robert F. Kennedy Jr., also at the presser, he targeted the EU as well. He said that if they were to chip in for R&D and raise their prices by just 20 percent, that would dramatically reduce prices for Americans.

Yeah, we're not hearing a lot from Democrats at the moment. We did get a response from Senator Bernie Sanders, who talks a lot about these drugs. He said he did agree with Trump that prices are too high, but he didn't back this order. He argued that it's going to be blocked by the courts. As for the right, there's a little bit of skepticism about how this is all going to be implemented.

Yeah, we're not hearing a lot from Democrats at the moment. We did get a response from Senator Bernie Sanders, who talks a lot about these drugs. He said he did agree with Trump that prices are too high, but he didn't back this order. He argued that it's going to be blocked by the courts. As for the right, there's a little bit of skepticism about how this is all going to be implemented.

But overall, there is a lot of support, especially since this is all being framed by Trump as an America first policy. Well, a lot of cautious optimism, at least.

But overall, there is a lot of support, especially since this is all being framed by Trump as an America first policy. Well, a lot of cautious optimism, at least.

Mr. President, why don't you say to people who view that luxury jet as a personal gift to you, why not leave it behind?

Mr. President, why don't you say to people who view that luxury jet as a personal gift to you, why not leave it behind?