This is an LA Times Studios podcast.

Hi, I'm Angelica Cornado at LA Times Studios.

Here are some of today's headlines from the Los Angeles Times.

President Trump just signed a sweeping executive order giving drug makers 30 days to lower

prescription costs, or the U.S. government will start limiting how much it pays.

Amanda Seitz and Sion Ming Kim report the plan would link U.S. drug prices to the lower

rates paid in other countries, like those in Europe.

This order is designed to reduce

federal spending on Medicare and Medicaid, which together cover over 150 million Americans.

Trump says the move could save taxpayers trillions, but drug companies warn it could hurt

U.S. innovation and shift investments overseas.

This revives Trump's most favored nation approach, which was blocked in 2020.

The order pressures drug companies to negotiate and promises a major shakeup in how Americans pay for their medicine.

Governor Gavin Newsom is urging California cities to ban homeless encampments.

Terran Luna reports he released a plan to ban encampments that block sideways or stay too long in one place.

It also requires officials to offer shelter before clearing any of the tents.

This comes as Newsom released $3.3 billion in new Proposition 1 funding to expand mental health housing and

treatment services. This funding adds to the $27 billion already spent to tackle California's

homelessness crisis. He says cities now have the money and legal tools to act, but despite that,

some argue there still aren't enough shelter beds to meet the need.

Newsom calls the issue a matter of health, safety, and human dignity, and says inaction by local

authorities is no longer an option.

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