Pfizer found a way to boost its ailing stock — agree on drug pricing with TrumpRx

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Shares of Pfizer Inc. powered higher Tuesday after the drug giant announced a “voluntary” agreement to meet several of President Donald Trump’s demands to lower drug prices for Americans.

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PFE said it would lower U.S. drug prices to match those of other developed countries, which was a key point of contention for the Trump administration, and the reasoning behind the executive order Trump signed in May that instituted a “most favored nation” policy for prescription drugs.

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