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Trump accuses pharmaceutical industry of running false ads on his drug price plan.

Trump tweeted that the Drug Industry was running false ads about his new price plan.

Trump tweeted that the Drug Industry was running false ads about his new price plan.On July 28, President Donald Trump accused the pharmaceutical industry on Twitter for what he said were false advertisements alleging his drug price plan would raise the cost of prescriptions for U.S. senior citizens. He calls the television ads a lie. He clarifies that the executive orders he has signed lead to a 50% reduction in prices and that the pharmaceutical industry is not happy. Trump did not say to which ads or untruths he was referring.

On July 24, President Trump signed four executive orders to lower the prices for prescription drugs. He had discussed these orders in previous years but never signed them due to concerns for their practicality and effectiveness. This move set off tensions with the Pharmaceutical Research and Manufacturers of America. They called it a reckless distraction impeding their ability to respond to the pandemic and those that could be faced in the future.

According to Reuters, on the same day, Trump said he would meet with the drug industry to discuss a negotiation for dropping one of the orders aimed at setting prices for medicines in the U.S. The meeting was, however, canceled.

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