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WSJ Opinion: Potomac Watch

Donald Trump Unveils ‘TrumpRx’ and Makes a Deal With Pfizer

WSJ Opinion: Potomac Watch

The Wall Street Journal

Society & Culture, News

42.7K Ratings

🗓️ 2 October 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

The Trump administration plans to launch ‘TrumpRx,’ a website operated by the federal government which would sell discounted drugs directly to consumers. Is this initiative being driven by politics and not by facts? Plus, Pfizer makes a commitment to bring manufacturing back to the U.S. in exchange for a reprieve from tariffs for three years.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

From the opinion pages of the Wall Street Journal, this is Potomac Watch.

0:08.8

Americans love their medicines, but they don't seem to always like the companies that make them.

0:15.7

That's all the opening politicians need to attack drug companies and to try to control their prices, among other things.

0:23.4

Democrats stated under Joe Biden, and now President Trump is getting into the act.

0:27.8

What does that mean for the future of drug innovation, for future cures, for rare and troubling

0:35.0

diseases, and what you pay at the local pharmacy. That's our subject on the

0:40.2

Potomac Watch today. I'm Paul as you go here at the Daily podcast of the Wall Street Journal,

0:45.7

and I'm here with Kate, Batchel, Odell, and Alicia Finley. All right, you journalists who cover

0:51.4

this health care industry, I'm going to go down a list here of things

0:54.6

the Trump administration is doing. Now, this is a Republican administration, supposedly it likes

0:59.4

business, right? At least that's the accusation, the favor business. But let me go through a list of

1:04.2

what the administration is doing or wants to do on drug companies, okay? Imposed price controls on

1:09.2

drugs sold in the U.S. make sure that those companies sell

1:12.6

their drugs at the lowest price.

1:15.1

They also sell them in the developed world.

1:18.1

That's not the average price.

1:19.9

It's the lowest price, okay?

1:22.7

100% tariff threat on imported drugs, and a lot of companies make generics in particular overseas, 100%

1:30.1

tariff on those, reduced and slower approvals of drugs at the Food and Drug Administration,

1:36.5

especially for drugs that want an accelerated approval basis for rare diseases, and a de facto ban on advertising by drug companies

1:48.5

on television. You know, those ubiquitous waygovi ads, which we all hate, but nonetheless

1:54.7

are telling people that these medicines are available for people. Now, this is a Republican

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