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Pfizer did win an important concession for letting Trump take a victory lap on drug prices

Market Watch
Pfizer did win an important concession for letting Trump take a victory lap on drug prices

After a presidential tweet directly targeted Pfizer Inc. for recent drug price hikes, the pharmaceutical company appeared to back down. “Pfizer is rolling back price hikes, so American patients don’t pay more,” President Donald Trump tweeted triumphantly. But always read the fine print. Pfizer is actually postponing its July 1 price increases until the end of the year or the president’s drug price blueprint goes into effect — “whichever is sooner,” as Pfizer’s press release puts it. In other words: the drugmaker gave the Trump administration a deadline. And the Trump drug price plan, which was introduced in mid-May, likely won’t be ready in time. “President Trump may take a Twitter-based victory