Trump to sign executive order he says will slash drug prices by up to 80%

President Donald Trump announced he plans to sign an executive order on Monday that will reduce the cost of prescription drugs and pharmaceuticals "almost immediately, by 30% to 80%."

Trump made the announcement on Truth Social Sunday.

"For many years the World has wondered why Prescription Drugs and Pharmaceuticals in the United States States of America were SO MUCH HIGHER IN PRICE THAN THEY WERE IN ANY OTHER NATION, SOMETIMES BEING FIVE TO TEN TIMES MORE EXPENSIVE THAN THE SAME DRUG, MANUFACTURED IN THE EXACT SAME LABORATORY OR PLANT, BY THE SAME COMPANY???" Trump wrote. "It was always difficult to explain and very embarrassing because, in fact, there was no correct or rightful answer. 

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