President Trump Delivers an Announcement, Sep. 30, 2025

The White House · September 30, 2025

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Opening announcement: Pfizer MFN commitment

AnnouncementPresentation

5:01 → 5:52(51s)

President Trump opened the White House briefing to announce that Pfizer has agreed to offer many prescription medications at ‘most favored nation’ (MFN) prices in the United States and framed it as a major step to reduce costs for taxpayers and consumers.

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President Trump announced a deal with Pfizer committing to most-favored-nation (MFN) pricing for many prescription drugs, a government-run online purchasing option and a $70 billion Pfizer investment to onshore manufacturing. Administration officials and Pfizer executives outlined MFN mechanics, examples of steep price cuts and next steps during a White House briefing, followed by reporter questions on timing and trade enforcement.

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