Trump Fights Big Pharma with Drug Plan, China Tariffs Pause, American Hostage Free: AM Update 5/13
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Who is hosting the AM Update on May 13th, 2025?
Good morning, everyone. I'm Megyn Kelly. It's Tuesday, May 13th, 2025, and this is your AM Update.
Starting today, the United States will no longer subsidize the health care of foreign countries.
What executive order did President Trump sign regarding drug prices?
President Trump signs an executive order he says will be one of the most impactful orders ever signed, aimed at reducing drug prices some up to 80 percent for American consumers.
I think it's going to be fantastic for China. I think it's going to be fantastic for
The Trump trade team announcing a temporary deal with China, reducing reciprocal tariffs for 90 days as both sides work toward a new trade agreement. New details on the Qatari government's lavish gift to the Trump White House come into focus as President Trump weighs in. And the last known living American hostage released from Hamas custody. All that and more coming up in just a moment on your AM Update. You know the home care stuff you always forget about? Maybe that's you with air filters. When was the last time you changed your home air filter? Discover the magic of FilterEasy's Magic Filters. Renowned for their durability and efficiency, Magic Filters enhance airflow, reduce energy costs, and ensure your HVAC system operates at peak performance. Say goodbye to allergens and dust. Filter Easy carries thicker whole house filters in 2-inch, 4-inch, and 5-inch thicknesses. No more guessing sizes, running out of filters, or living with dirty air.
No matter what filter your home needs, Filter Easy has you covered. And the best part? Delivery is your reminder to change your filters. Experience cleaner air and a more efficient home today. No matter what filter your home needs, FilterEasy has you covered. And right now, if you use our code MK, you can get 50% off your first order plus free shipping forever. FilterEasy takes care of your air filters, so you have time to take care of everything else. Head to FilterEasy.com slash MK. FilterEasy.com slash MK. Use the code MK for 50% off your first order plus free shipping. forever. President Trump on Monday signing an executive order he called, quote, one of the most important and impactful I have ever issued.
The order seeking to lower prescription drug prices by as much as 80%, primarily by tying U.S. prices to those paid for the same drugs in other developed countries, a fundamental change to how the U.S. negotiates drug prices. The U.S. has less than 5% of the world's population, yet it generates around three quarters of global pharmaceutical profits. Astronomically high drug prices consistently sparking bipartisan outrage among U.S. lawmakers, even as Democrats and Republicans historically clashed over how to fix it. American consumers pay many times over what people in other countries pay for the same drug made in the same factory. For example, American website GoodRx.com ranges a twin pack of EpiPens from $650 to $750 without insurance versus an online UK pharmacy listing the same two-pack at $112. Yahoo Finance reporting weight loss drug Wegovi costs about $1,300 in the U.S., compared to $140 in Germany. President Trump saying the U.S. will no longer accept the status quo.
Starting today, the United States will no longer subsidize the health care of foreign countries and will no longer tolerate profiteering and price gouging from Big Pharma. But again, it was really the countries that forced Big Pharma to do things that, frankly, I'm not sure they really felt comfortable doing. For years, pharmaceutical and drug companies have said that research and development costs were what they are. And for no reason whatsoever, they had to be borne by America alone. Whatever the lowest price paid for a drug in other developed countries, that is the price that Americans will pay.
Pharma stocks actually rising in response to the announcement, as the Trump administration also assigns some of the blame for high US prices on other countries for forcing unfairly low prices in their markets. sending the drug manufacturers to recoup costs from Americans, the president specifically naming the EU as one of the worst offenders. Progressive news site Vox breaks down how the U.S.
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Chapters
5 chapters
1
Who is hosting the AM Update on May 13th, 2025?
0:02–0:14
2
What executive order did President Trump sign regarding drug prices?
0:14–7:12
3
How does the U.S. prescription drug pricing system compare to other developed countries?
7:12–11:27
4
What are the key points of President Trump's drug pricing reform strategy?
11:27–15:12
5
What is the temporary deal between the U.S. and China about tariffs?
15:12–17:25
Speakers
5 identifiedMore from The Megyn Kelly Show
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