Trump slams Pfizer after July 1 drug price hikes

NEW YORK/WASHINGTON (Reuters) – U.S. President Donald Trump on Monday took aim at Pfizer Inc and other U.S. drugmakers after they raised prices on some of their medicines on July 1, saying his administration would act in response.

U.S. President Donald Trump gestures during a Make America Great Again rally in Great Falls, Montana, U.S., July 5, 2018. REUTERS/Joshua Roberts

“Pfizer & others should be ashamed that they have raised drug prices for no reason.” Trump wrote in a post on Twitter on Monday. “We will respond!”

Trump had said in May that some drug companies would soon…

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