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Trump Promises Ozempic Price Cuts Amid Investor Skepticism

10/18/2025

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Summary

Story summary

President Donald Trump announced plans to reduce the price of Novo Nordisk's Ozempic during a White House event.
He said negotiations with Novo Nordisk would lead to significantly lower prices under a "most favored nation" policy that aims to ensure U.S. patients pay no more than those in other wealthy countries.
Analysts expressed skepticism, and investors pushed Novo Nordisk and other weight-loss drug makers' shares lower after the announcement.

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Story summary

President Donald Trump announced plans to reduce the price of Novo Nordisk's Ozempic during a White House event.
He said negotiations with Novo Nordisk would lead to significantly lower prices under a "most favored nation" policy that aims to ensure U.S. patients pay no more than those in other wealthy countries.
Analysts expressed skepticism, and investors pushed Novo Nordisk and other weight-loss drug makers' shares lower after the announcement.