Trump Hosts Drug Industry Leaders, Demanding Lower Prices and Promising Cut in Regulations

President Donald Trump hosted the leaders of PhRMA for a White House meeting on the state of the pharmaceutical industry and the FDA, saying drug prices have been “astronomical” and pledging cuts to regulations.

“We’re going to get rid of a tremendous number of regulations,” as much as 75 to 80 percent, he said.

Trump has ordered government agencies to identify two regulations for elimination for each new one proposed.