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U.S. President Donald Trump said media and political opponents are focusing on Jeffrey Epstein-related discussions instead of what he described as major changes to U.S. prescription drug pricing.

Speaking to reporters, Trump denied ever visiting Epstein’s private island and claimed that several prominent figures had been drawn into controversy. He argued that coverage of Epstein distracts from policies his administration says will sharply lower drug prices by aligning them more closely with international rates under a “most favored nation” approach.

Trump said the changes could reduce some U.S. drug prices by hundreds or even thousands of percentage points, calling the effort one of the most significant healthcare cost reforms in decades.

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Transcript
00:00I believe we're going to have the most successful economy in history.
00:03We inherited a mess.
00:04Now prices are coming way down.
00:06Gasoline is less than $2 in some states.
00:09$199, $197, $195.
00:13A gallon.
00:14$1.95.
00:17Think of that.
00:18A gallon.
00:19Nobody ever thought they'd see that.
00:21They don't want to talk about that.
00:22They want to talk about Epstein.
00:25And the problem is a lot of Democrats are being caught up in the web.
00:28Like Larry Summers.
00:29Larry Summers was the head of Harvard.
00:32He's now been forced to resign from every board he's on.
00:35And he was thrown off the Harvard board.
00:38Now he was, you know, he was at Epstein's Island a lot.
00:42I wasn't.
00:42I never went there, by the way.
00:44But fortunately, it's nice.
00:47But I never went there.
00:48But a lot of people did go there.
00:50But instead of talking about the battleships,
00:52or instead of talking about most favored nations, drugs,
00:56we're bringing down drug prices.
00:58Because, like, at a level that has never even been thought of,
01:02by thousands, think of it, by 1,000 percent,
01:06by 1,200, 1,300, 1,400 percent in some cases,
01:10a drug that sells for $10 in London is costing $130 in New York.
01:18We're bringing it down to $20, and they're going to go up to $20.
01:21So they're going from $10 to $20, which is a doubling.
01:25It's a doubling.
01:26That's a lot.
01:27But it's a doubling.
01:28But we're going down to $20.
01:30So we're going down, if you can do your own math,
01:33but it's 2,000 percent, 3,000 percent.
01:39It's pretty amazing.
01:40And, you know, the New York Times had a story about it,
01:43a small story, way in the back of the paper.
01:45It's the single biggest thing to happen
01:48with respect to drugs probably in 50 years.
01:52It's never been anything like this.
01:54In my first term, I was able to get drug prices down one quarter of 1%.
02:00It's the first time in 28 years that they went down.
02:02One quarter of 1%.
02:03I was so proud of myself.
02:05Now we're doing them 2,000 percent, 1,500 percent, 1,200 percent.
02:11That pill that sold for $130 will now be selling, as an example, for $20.
02:19Because the rest of the world took advantage of us.
02:24Without tariffs, I could have never done it.
02:26I called up the heads of the countries.
02:29As an example, France.
02:30I spoke to a very good man, President Macron of France.
02:35And I said, Emmanuel, you have to raise your drug prices.
02:39He said, no, no, no, we will not do that.
02:41I said, you have to.
02:43He said, no, I don't want to do that.
02:44Look, you ask me if I go to $10 to $20,
02:47you're going to come way down to $20.
02:48We don't want to do that.
02:50Now, in all fairness, no other president even tried.
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