Trump's Major Deal with Pfizer, GOP vs Dems on Crime, YouTube Settles with Trump: AM Update 10/1
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What is the main topic discussed in this episode?
Good morning, everyone. I'm Megyn Kelly. It's Wednesday, October 1st, 2025. This is your AM Update.
For many years, Americans have paid the highest prices anywhere in the world for prescription drugs. It's being changed as of today.
President Trump announces a new deal with a surprising partner, Pfizer, in an attempt to lower prescription drug prices. though not everyone is ready to make nice with the controversial COVID vax manufacturer.
You say don't fund the police, but do fund programs that create safe spaces for two-spirit people.
Republicans and Democrats clash in a lively hearing on fighting crime. And YouTube agrees to a pricey settlement with President Trump over his 2021 suspension. All that and more coming up in just a moment on your AM Update. Let's be honest. Afternoons can be rough. Energy fades, cravings kick in, and focus goes out the window. Another coffee? That's the quick fix, but it can lead to jitters or a crash later. Peaks Sun Goddess Matcha is another option.
What deal did President Trump announce with Pfizer to lower drug prices?
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Go to peaklife.com slash Megan. That's P-I-Q-U-E life.com slash Megan to try it for yourself. Again, that's P-I-Q-U-E life.com slash Megan. President Trump on Tuesday announcing two new developments in the drive to lower prescription drug prices for Americans. a new direct-to-consumer website for discounted medicines, and a multi-pronged deal with Pfizer, slashing prices on most of its products. More on the sudden coziness with the much-criticized Pfizer in just a moment, but first, the details of the announcement. The new website, TrumpRx, set to launch in early 2026, it will allow consumers to pay cash for prescription drugs from the government website. Pfizer agreeing to sell some of its products on-site at the discounted rates, including an arthritis drug at a 40% cut, a migraine medication for 50% less, and an osteoporosis drug reduced by 85%.
In terms of the broader Pfizer deal, most of its products will be offered to Medicaid at most favored nation prices, meaning Americans pay no more than the lowest price paid by other developed countries. And the company will invest $70 billion in U.S. manufacturing and research. Pfizer is the first drug company to agree to all of the demands set out by the Trump administration in a July letter aimed at lowering prices. At the time, many analysts said, it was unlikely to happen. Mr. Trump from the Oval.
For many years, Americans have paid the highest prices anywhere in the world for prescription drugs. A major reason is that the American consumers have been subsidizing research and development costs for the entire planet. They put all of that on us, and yet they were the beneficiaries. So it's being changed as of today. The United States had just 4% of the world's population and consumers. Only 13% of all prescription drugs yet pharmaceutical companies make 75% of their profits from the United States.
Now, Pfizer describes the deal as a voluntary agreement to help American consumers. But it raises an obvious question. Why would a drug giant suddenly slash prices in its most profitable market? Well... Pfizer has secured a three-year grace period from President Trump's tariffs on pharmaceuticals. Starting today, the U.S. is imposing a 100% tariff on branded and patented pharma products unless the drug company is currently building a manufacturing plant within the United States.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:02–1:10
2
What deal did President Trump announce with Pfizer to lower drug prices?
1:10–13:54
3
How will the new TrumpRx website let Americans buy discounted prescriptions?
13:54–14:31
4
Which Pfizer drugs will be deeply discounted and what are the stated price cuts?
14:31–16:52
Speakers
4 identifiedMore from The Megyn Kelly Show
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