Oct. 10, 2025 - The Benny Show - Benny Johnson
56:10
Participants
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| Speaker | Time | Text |
|---|---|---|
| It's uh wonderful to be in the Oval Office. | ||
| I think you probably like it the best. | ||
| You like it the best for press conferences? | ||
| I sort of do. | ||
| But today I'm excited to announce another historic achievement in our quest to lower drug prices for all Americans. | ||
| Uh you know, prices have come way down. | ||
| We've gotten prices way down for groceries for oil, especially. | ||
| Today we broke 60, $60 barrel. | ||
| Uh there'll be we think the oil is going to be under two dollars a gallon very soon. | ||
| That's about uh 70% lower than what it was just a year ago. | ||
| So that's a big thing. | ||
| And when the oil comes down, everything comes down. | ||
| It's pretty pretty beautiful to watch. | ||
| Uh AstraZeneca, the largest pharmaceutical manufacturer in the United Kingdom, is committing to offer Americans major discounts on their vast catalog of prescription drugs, one of the great companies, by the way, and a most favored nation's pricing clause. | ||
| So most favored nation is uh you're gonna pay whatever the lowest price anywhere in the world is, that's what you're gonna be paying. | ||
| And uh I was I had it going very well in my first term, but we were interrupted by uh rigged election, so I was uh unable to carry it forward. | ||
| We started it, but uh this was something I one of the reasons I wanted to run again was we had to have favored nations where the world is not gonna be paying uh just a fraction, just a tiny fraction of what we were paying. | ||
| I want to thank CEO Pascal, Sorrio, a very highly respected, one of the most respected men in business and certainly in the industry, for joining us today, as well as Secretary Howard Lutnick, Secretary Robert F. Kennedy Jr., CMS administrator, Mehmet Oz, FDA Commissioner Marty McCarry, and Virginia Governor, uh a man who's done an incredible job, and good luck with the upcoming election. | ||
| I know you're working very hard. | ||
| I watch you're here right there. | ||
| He's out there working, he wants to see that young woman win. | ||
| And the Attorney General, who I endorsed, etc. | ||
| etc. | ||
| Uh Glenn Young. | ||
| Thank you very much, thank you for being here. | ||
| For many years, Americans have paid the highest prices anywhere in the world for prescription drugs by far, by far. | ||
| Many times the amount that other countries are paying is ridiculous. | ||
| Upon taking office, I signed an executive order to make sure that Americans pay no more for prescription medications than the lowest prices or the same drug in other locations and developing nations. | ||
| Today AstraZeneca is committing to offer all of their prescription medications to Medicaid at most favored nations prices. | ||
| In other words, the lowest price anywhere in the world, that's what we get. | ||
| A move that will save American taxpayers hundreds of millions of dollars each year. | ||
| And I I tell the story, Glenn, that uh in my first term, I had the honor of being uh the first president in 28 years to lower drug prices during the course of the year. | ||
| And we actually did, and I was so proud of myself. | ||
| We called the news conference, I announced it. | ||
| It was one-eighth of one percent. | ||
| One-eighth of one percent. | ||
| Now drug prices are gonna be going down a hundred percent, four hundred percent, six hundred percent, a thousand percent in some cases. | ||
| But for one-eighth of a cent, uh, Bobby, think of that. | ||
| I was so proud because for twenty-eight years nobody had done it. | ||
| And uh now it's uh I think back to that. | ||
| I said I shouldn't have had that news conference, but it it is true. | ||
| I was the only one that did it, but it was not very much, and now we're gonna get in some cases a thousand percent reduction. | ||
| This is gonna have a huge impact on everything from Social Security to Medicare to Medicaid, anything where they're buying any prescription drugs, it's gonna have an incredible impact. | ||
| It's gonna lower itself greatly. | ||
| AstraZeneca will also list many of their most popular drugs online at TrumpRx.gov, Trump Rx. | ||
| I don't know why they put the name Trump. | ||
| I did not tell them to do it, but I'm honored to let them do it. | ||
| That's true, actually. | ||
| That heavily reduced most favored nation's cost. | ||
| Americans can expect discounts, and as I said, of it could be in many cases way over a hundred percent. | ||
| And uh, as an example, one particular drug that's hot, very hot, six hundred and fifty-four percent on inhalers, uh, COPD and asthma, as well as certain uh diabetics medications. | ||
| Uh, they're gonna be averaging about six hundred and fifty-four percent reduction in price. | ||
| You believe that one? | ||
| The Democrats will say, well, he should have gotten more. | ||
| Uh it's crazy. | ||
| In addition, all medications AstraZeneca introduces to the American market going forward will also be sold at these heavily discounted rates. | ||
| Furthermore, AstraZeneca will invest $50 billion in the United States over the next five years for research and development of new drugs and to onshore manufacturing facilities across the country, like the new plant that broke around yesterday in Charlottesville, Virginia, uh, where the governor attended, they had uh a tremendous group of people attending. | ||
| It's gonna have uh 3,600 jobs just to begin with, and that's gonna be a fantastic uh plant. | ||
| I saw a picture, it's gonna be the best, right? | ||
| It's you can't get any better. | ||
| This is a uh tremendous victory for Virginia and for American patients and for everything for the country. | ||
| It's an amazing company to have coming over to the United States in such a big way. | ||
| That's going to be a big part of the company. | ||
| Presidents have promised for years to lower the cost of health care. | ||
| But my administration is actually the first to do it and do it substantially. | ||
| Do it at numbers that nobody thought, even I thought were not possible when you think, think of it. | ||
| If you got a 1%, 2%, 5%, that's good, you did a good job. | ||
| We're talking about 100, 200, 300, 500, 700 in some cases, some big, big numbers, and the largest drug companies in the world are working with us to make this a reality. | ||
| And so I look forward to uh being at your uh opening of that incredible facility. | ||
| I hear something, and it's in a great location, Lynn. | ||
| One of the beautiful locations. | ||
| So I'd now like to ask Secretary Kennedy to say a few words, followed by Dr. Raz, Pascal, Governor Yuncan, and uh we'll take some questions afterwards. | ||
| Would anybody like to have some questions? | ||
| Yes? | ||
| Oh, I'm shocked. | ||
| Okay, we'll take them right after, okay? | ||
| Bobby, please. | ||
| Thank you, Minister President. | ||
| I I talked about this a little yesterday in the cabinet meeting. | ||
| But it's worth repeating because it shows the uh this historical achievement. | ||
| Um that's really monumental. | ||
| When I was in my confirmation process, virtually every Democratic senator showed me their preoccupation with making sure that we completed that I was gonna continue to get a commitment from me to continue the IRA drug price negotiations. | ||
| Uh the IRA required the Democrats, or the President Biden was in the first year of the IRA to negotiate 10 drug prices down. | ||
| And then I was supposed to my first year negotiate 15 and 15 every year thereafter, and that was their plan. | ||
| Democrats claimed that they had a 22 percent reduction, and that was a great success. | ||
| And we actually looked at that when I came into the agency, we realized we were actually paying more for eight of those eight of the ten drugs. | ||
| The 22% reduction was off of list price. | ||
| And Medicare ended up paying more for eight of the drugs, equal for the ninth, and about a 2% discount on the 10th drug. | ||
| So that was the plan. | ||
| And that's what they did. | ||
| We are continuing the RA negotiations, but thanks to the president's leadership, we have achieved something extraordinary here, which is a dream that he's had for 20 years because he's the common sense president. | ||
| He saw something 20 years ago. | ||
| He learned that we were playing three, four, five, sometimes ten months, ten times for the same drug as they were playing paying in European countries. | ||
| Some of these drugs were manufactured in facilities in New Jersey and then sold for one-tenth the price in Great Britain in London or Paris that Americans were being charged for them a year. | ||
| He saw that this was unfair. | ||
| Every Democratic president, every Republican president, has said that this was the this was the gold standard. | ||
| This is what we needed to do. | ||
| Nobody's been able to change it. | ||
| And when we came in, I have to say I was pessimistic about doing MFN. | ||
| Dr. Oz was pessimistic. | ||
| Our staff, John Brooke, and Chris Klump and the other people we brought in were all pessimistic. | ||
| The president saw something that we didn't see, which is we had leverage, and that came through Howard and the tariffs, and we had extraordinary leverage to uh to craft these deals. | ||
| So last week we had Pfizer in, which was one of the biggest American pharmaceutical companies. | ||
| Today we have AstraZeneca in with Pascal Zorias, which is one of the biggest European pharmaceutical companies. | ||
| And uh and the president saw the president asked us to do three things. | ||
| One to get MFN prices, two to not bankrupt these companies. | ||
| He understands that America has to be the center for innovation. | ||
| The drug industry needs to innovate, that it's critical for its bottom line, it's critical for the health of the American people. | ||
| And he asked us also to make sure that those companies would keep their promise to reshore this industry. | ||
| Our national security purposes for our economy, it's it's critical. | ||
| These companies are making these drugs in the United States. | ||
| We were able to achieve all those things. | ||
| and with the visionary help of Pascal, where is he? | ||
| Of Pascal Zorias, who understood that innovation and the business doesn't work, If everybody is not pulling the oars, if everybody doesn't have the skin in the game. | ||
| Oh the whole world was riding on our shoulders and riding on our time. | ||
| 70% of pharmaceutical revenues comes from this country. | ||
| We only have 4.2% of the world's population. | ||
| And we were paying for 80 or 90% of the innovation here. | ||
| And the rest of the world was right, it was a free rider. | ||
| And Pascal understood that that's not fair, and it's not a good sustainable long-term business model. | ||
| And he came to the table, he was one of the first leaders to come to the table. | ||
| I want to thank him for his vision for operating with us in good faith. | ||
| And this is an extraordinary deal. | ||
| Not only that, but as the president just pointed out, he is also reshoring this industry here. | ||
| He's building he has 19 uh facilities already operating in this country. | ||
| He has this other facility in Arbor Mount Morrow County that Dr. Oz went with Governor Young and broke ground on yesterday. | ||
| He has a third facility, a second facility that is under construction in Kendall Square in Boston, another facility in Rockville, Maryland, and a fourth facility in Copper, Texas, right outside of Dallas Fort Worth. | ||
| And he's got plans for building many more in this country, thanks to the president's leadership, to the tariffs, and to the common sense the president has demonstrated in his own commitment to make drug prices lower for hardworking Americans. | ||
| So I want to thank the president for your visionary leadership. | ||
| I want to thank Dr. Oz for his part and Marty McCary in negotiating this deal. | ||
| Dr. Heidi Overton, Theo Merkel, Chris Klump, and John Brooks who all played critical parts in the negotiation. | ||
| And of course, Howard Levnik was uh the key to the use of negotiations. | ||
|
unidentified
|
Oh who do we who do we bring up now? | |
| Thanks, Secretary. | ||
| Uh still take you please. | ||
| Pascal, I get to introduce Pascal, which I'll do with great joy and honor. | ||
| So the world is watching as President Trump tries to make peace in every place he can go. | ||
| But at the same time, President Trump is putting peace into the hearts of Americans and bringing peace of mind to them, especially Americans who cannot afford their medications. | ||
| And just to put a number on this, as he releases us from the bondage of paying three times more for the exact same product made in the same factory in the same pill box and the same instruction manual overseas, rather in this country than we pay overseas. | ||
| It creates an opportunity for us because Mr. President, you're taking turning the art of the deal into the art of the heel. | ||
| And that is something that you're going to witness today. | ||
| And it's a second we have more coming, but this is a very important one. | ||
| Secretary Kennedy did have a vision to push hard on this. | ||
| He understood we could give the right medications to the right people at the right time. | ||
| And there is nothing more maha than giving folks life-saving medications in a timely fashion. | ||
| So you prevent illnesses and treat other ones that have already occurred. | ||
| You save lives that way. | ||
| That literally is what was on the line as we began negotiating these. | ||
| So let's set the stage. | ||
| Where are we right now? | ||
| Why this order? | ||
| Last week, in this very room, President Trump welcomed the CEO of Pfizer and that company, a leading U.S. pharmaceutical company, pledged to provide exactly what the president promised. | ||
| Massive discounts to allow us to have most favored nation drug pricing in this country, so we don't allow our people to pay more than folks overseas. | ||
| And this was unthinkable, unthinkable, even six months ago, seven months ago when we came into office. | ||
| And Americans now have the ability to do that. | ||
| But we needed to prove it was scalable. | ||
| So we went to AstraZeneca, which is the leading pharmaceutical company, a leading company in the entire world, but a massive opportunity in this march to MFN, a march to most favored nation drug pricing. | ||
| And to have this message land clearly, we needed to make sure that the president's demand for fair drug pricing was heard all around the globe. | ||
| And I actually think the single most powerful tool we had was the president because people take him seriously. | ||
| And some of the things that they were hearing overseas were alarming at them enough that they began to realize the jig was up. | ||
| So let's talk about the deal specifically. | ||
| What are the John Brooks, if you give me my Van O'White, please? | ||
| Uh John back there, Steo, Vince, Heidi were parts of the team. | ||
| Uh there are other members of the team I'll speak of in a second. | ||
| So these are the five deal points. | ||
| This is what Trump RX, by the way, which just launched Trump RX.gov, which was a unanimous name, by the way, Mr. President. | ||
| He was not involved in picking the name, but it was not a difficult one to land on. | ||
| We thought it had a catchy element to it. | ||
| Um all primary care medications sold by AstraZeneca are going to be available on Trump RX, which means no more gaming, no more middlemen. | ||
| Starting early next year, when you go to the website, you'll be able to see a marketplace. | ||
| We're not selling the drugs, we're just making it information available to everyone. | ||
| So you go to the right place to buy the right medication. | ||
| Second, drugs for lung diseases are discounted massively, and that's over here on this line. | ||
| The president highlighted 650%. | ||
| There are significant discounts, and these are medications. | ||
| Uh, we just picked the ones for lung disease and one for metabolic syndrome, diabetes, but there are others that are included. | ||
| We have most favored nation pricing for everyone who is on Medicaid in this country. | ||
| That's why Governor Youncan is able to do backflips with his nimble six foot foot six physique. | ||
| Uh, because for in for governors, this is a massive problem. | ||
| If Medicaid prices continue going up, it crowds that other social services, which they'll speak to. | ||
| Uh, we also have MFN for all new prescription drugs. | ||
| Mr. President, by the time this term is done, 95% of all drugs sold in America, branded drugs and uh generic, will be available at a most favored nation drug pricing. | ||
| Americans are going to benefit if the prices drop abroad. | ||
| So Secretary Lutnik was going to make sure that if we get better prices for these companies from uh our uh partner countries overseas, the American people see those benefits, and there's gonna be onshoring of manufacturing. | ||
| And uh, as has been mentioned, I stood with uh Governor Youncin and Pascal Sario as we broke ground yesterday in Charlottesville, Virginia, in a massive four billion dollar facility. | ||
| That's the hard hat, Mr. President. | ||
| I know you like construction, so that was all I could bring back. | ||
| Um, but there was a lot of remarkable energy. | ||
| Uh and here's what that event really does. | ||
| It sends a signal, it sends a signal for all countries around the world to stop freeloading off American innovation. | ||
| It's done. | ||
| It's not going to happen anymore with this president. | ||
| And if you aren't picking up your end of the bargain, then you're going to be welcoming a lot of more companies to leave your shores and allow us to welcome them into our shores as they open up manufacturing facilities here. | ||
| And for all the pharmaceutical companies out there, we're talking to all of you, pick up a shovel. | ||
| This is a great place to build the facility, as AstraZeneca has shown us, and I think it has a wonderful opportunity in the future as well as this country continues to support the innovation Secretary Kennedy spoke about, because we're not compromising that at all. | ||
| We're just getting fair prices for the American people to the team. | ||
| Tough negotiations, Mr. President. | ||
| You know how hard they can be. | ||
| You can't get there without world-class negotiators, and we are blessed by individuals to work with the AstraZeneca team who are killers head to head. | ||
| And why? | ||
| Because talented people out of the private sector are coming into government to serve this president in a generational opportunity that they feel in their heart will make a difference. | ||
| John Brooks is part of that team. | ||
| Uh Chris Klump in my Hernandez, numerous other folks contributed as well. | ||
| But we're open for business. | ||
| And if you want a great position in a patriot, uh, like the folks who negotiated these deals, please can consider coming with us because the president has made it clear that you will make a difference in government. | ||
| Finally, I want to thank Pascal Sario. | ||
| Pascal is an interesting, uh almost enigmatic individual. | ||
| He's a CEO of AstraZeneca. | ||
| He is born in France, Australian citizen knighted in Great Britain, running their largest pharmaceutical company. | ||
| So you figure out the lineage, but one thing I know is a very, very smart man who came here early on, took the president seriously, and he recognized the inherent unfairness of the European model of global freeloading of our innovation. | ||
| He appreciated the challenge and he wanted to be part of the solution. | ||
| So, Pascal, take it away. | ||
|
unidentified
|
Thank you so much. | |
| So, President Trump, it is really a pleasure to see you again since uh I had a chance to meet you last time you visited the UK for your state visit. | ||
| I know the king actually kept you uh late uh during the night, uh during your visit, uh late up at night. | ||
| And I must thank you actually for returning the favor. | ||
| I can tell you you've kept kept me up at night uh and uh my team as well. | ||
| But it has been really worth it. | ||
| It's been worth it because today I'm really excited to announce StraZanica's commitment to your vision for a healthy America. | ||
| Great leadership is about having an ambitious vision that can energize people, and you appoint a very talented talented team that can deliver on this. | ||
| Your vision is exactly that. | ||
| It is about lowering the price of medicines for American patients, while ensuring that America remains a global powerhouse of innovation and biopharmaceuticals. | ||
| And that's not easy to do. | ||
| Uh, we need to keep inventing the technologies and the products that will cure disease. | ||
| But you actually gave us a key equalization. | ||
| That's an important word. | ||
| You've assembled a remarkable team, actually, to that uh together with us uh found a way to deliver on your vision. | ||
| I would like to thank you, uh, Mr. President, um, for your collaborative and your trusting approach for the discussion that led to this agreement. | ||
| In addition, I would like to thank Secretary Lutnik, like to thank Secretary Kennedy, Dr. Oz, and the CMS team, in particular John Brooks, who is here today, but also uh Chris Klump for their very straightforward approach and their collaborative work. | ||
| Uh that together with my great team at StraZeneca enabled us to deliver this uh agreement today. | ||
| It is an agreement that allows a number of wins. | ||
| First of all, a great win for American patients. | ||
| Uh, this agreement will deliver improved access to our medicines at a lower cost. | ||
| We've addressed the four points that you raised in your letter, and showing Americans do not pay more Than uh patients in other wealthy countries. | ||
| So it's a big win for patients and the healthcare system uh as a whole. | ||
| But it's also a big win for the economy and for taxpayers because it's it supports rebalancing uh the cost of innovation across wealthy nations. | ||
| For too long, America has shouldered a disproportionate portion uh of the world's RD uh cost for uh breakthrough medicines development. | ||
| That imbalance is not sustainable. | ||
| It had to change. | ||
| And equalization levels the playing field, with wealthy nations contributing their fair share to the cost and the risk associated with biopharmaceuticals RD. | ||
| And I would say it's also a big win for uh state budgets uh because this medicaid price reductions will have an immediate impact on Medicaid budgets and provide uh substantial relief to state budgets. | ||
| Finally, your vision also secures America's strong position in life sensors and the onsharing of critical innovations and manufacturing. | ||
| As a company, we will invest 50 million dollars in manufacturing and in RD. | ||
| We already have a large presence in the United States. | ||
| We have 19 sites, and we employ 25,000 people around the country. | ||
| They're all developing the new generation of medicines. | ||
| Um but we continue to increase our presence in this country. | ||
| We're expanding our manufacturing footprint in Texas. | ||
| We're building our second large RD center in Candle Square in Boston. | ||
| We are building a cell therapy manufacturing plant in Rockville, Maryland, and there's more to come. | ||
| So a lot of uh investment over the next few years. | ||
| I want to say that uh I appreciate very much Secretary Letnik granting uh us a three-year tariff exemption to localize the remainder of our products. | ||
| Most of our products are locally manufactured, but we need to transfer the remaining part to this country. | ||
| And also for your great support to convince all other wealthy countries to share the cost of pharmaceutical innovation. | ||
| It is an important part of this agreement, rebalancing and uh uh uh the the cost around the country, around the world. | ||
| Yesterday uh showcased our commitment to the United States with this 4.5 billion dollar investment in the beautiful Commonwealth of Virginia to manufacture what we call API, active ingredients for our medicines, but also antibody drug conjugates that are such a critical part of the future treatment of cancer care, what is called uh uh smart chemotherapy, targeted chemotherapy. | ||
| I want to thank Dr. Oz for joining us for the groundbreaking ceremony near Charlesville, together with Governor Jonkin. | ||
| And I actually love your AstraZeneca hat. | ||
| I know you wanted to bring a shovel, but uh didn't make it to the to this beautiful room. | ||
| I have to say it has been a really play a great pleasure to work with Governor Junkin and his team, in particular Secretary Segura on this investment. | ||
| Uh, like you, President Trump, uh they are deal makers that move at the speed of business. | ||
| And it's very important for us company to be able to work with people who understand who we are and move very fast. | ||
| Our new facility will be a great example of Virginia supporting domestic production of medicines for America, enhancing national security in pharmaceutical supply, but also create thousands of highly skilled jobs. | ||
| Governor Junkin gave me a beautiful Virginia flag that we will proudly fly alongside the American flag in front of our new facility. | ||
| So AstraZeneca's commitment to the United States is very strong. | ||
| And this agreement ensures we'll make an even bigger difference for American patients. | ||
| So, Mr. President, thank you again for welcoming me in this beautiful office and for making this moment possible. | ||
| Thank you so much. | ||
| Thank you very much. | ||
| Over to you. | ||
| Well, first of all, I just want to thank everyone for celebrating this landmark moment. | ||
| This landmark moment is not just a moment to announce a new way to buy less expensive uh life-saving medicine, but it is a step function change in the way that Virginians and Americans can access medicines. | ||
| And it is a step-function change because historically there was an opaque pricing mechanism that had so many people standing between the manufacturers and the patients that no one knew really what it cost. | ||
| Well, now we can go direct to consumers. | ||
| And that's what Trump Rx is all about. | ||
| Going direct to consumers, where a consumer can come and find that particular medication that they need and go direct to the company and get the best possible price. | ||
| Second of all, the most favored nation clause is a groundbreaking moment. | ||
| It's a groundbreaking moment because, as you've heard, that American customers have been paying three, four, five times what international customers have been paying. | ||
| That is just not fair. | ||
| And Mr. President, I want to thank you for simply recognizing that America must come first. | ||
| And Americans deserve the best pricing, not the worst. | ||
| It changes everything for a state in Virginia. | ||
| We have a billion and a half dollars a year of pharmaceutical expenditure under our Medicaid plan. | ||
| A billion and a half dollars a year. | ||
| We save 10%, 20%, 30%. | ||
| All of a sudden, 150, 300 million, 450 million in savings can be realized by a state. | ||
| Now I firmly believe that's the people's money, and it should go back in tax relief. | ||
| But think about the change that that enables for a state as they manage their health care expenditures. | ||
| Finally, Mr. President, you have driven a reshoring of critical supply change that no one thought could happen. | ||
| The industries that everyone thought were lost are now coming home. | ||
| And with pharmaceutical manufacturing and active pharmaceutical ingredients, particularly coming back to America, it changes everything. | ||
| It's an economic moment for us. | ||
| Yes, four and a half billion dollars into the Virginia economy, and that will in fact translate into three or four dollars of extra economic impact for every dollar that is spent. | ||
| 3,600 great paying jobs, but it's even more than that. | ||
| This is a national security moment. | ||
| And what you've just heard is one of the leading pharmaceutical companies in the world is choosing America, and yes, Virginia, to invest nearly five billion dollars to build the most critical manufacturing for the future of America's health. | ||
| That's not just a single example. | ||
| It's happening all over. | ||
| And in fact, in Virginia, Mr. President, we've been blessed with nearly $10 billion of commitments to build new pharmaceutical manufacturing in the great Commonwealth of Virginia. | ||
| And therefore, I believe this is a moment to celebrate, to celebrate investment, but more importantly, to celebrate breakthroughs for American citizens to get access to life-saving medicines at cost that they deserve because they're all made here. | ||
| Mr. President, you and your cabinet have been amazing. | ||
| As a governor, I have found that the cooperation with every one of your cabinet members, and sir, yes, you has been beyond compare that I could ever imagine. | ||
| I want to thank you for helping us make Virginia great again, too. | ||
| Thank you. | ||
|
unidentified
|
Thank you. | |
| So we have uh at this moment, I think we just cracked $18 trillion in commitments and investments in our country. | ||
| Uh, as an example of the last administration was far less than one trillion for four years. | ||
| We're at plus eighteen trillion for eight months. | ||
| There's never been anything like it in history in any country, anywhere in the world, so that's great. | ||
| But maybe for purposes of this more importantly, we're gonna bring drug prices down at numbers that nobody ever thought possible, Llen. | ||
| I think nobody ever even thought it was possible. | ||
| So we're gonna be doing a lot of business, but we're gonna be uh also uh numbers that uh when you're two, three, four, five hundred percent less. | ||
| I just noticed one of them over here, 654 percent discount. | ||
| 654. | ||
| The laggard is 98 percent, right? | ||
| Nine is that what? | ||
| Well, it's 96, 96, 230 percent, but 654, and we have some that top that by a lot. | ||
| So it's uh it's really it's gonna be incredible. | ||
| And that's gonna be so good for Medicaid and Medicare and everything, frankly. | ||
| For your life, it's gonna be so good. | ||
| So nobody ever thought they were gonna see. | ||
| And don't let Democrats take the credit, because you know, they'll try. | ||
| They'll say, oh, we worked so hard, and they didn't work hard. | ||
| They did uh they obstruct it, they actually did the opposite. | ||
| So that's really uh more important than even the tremendous investments being made in our country. | ||
| But think of it, we cracked uh 18 trillion with a T trillion dollars, and uh frankly, one trillion for four years wasn't that bad. | ||
| He did less than a trillion, but we did that in a period of eight months, so it's pretty pretty uh record shattering by by many trillions of dollars. | ||
| Any country, no matter what country you're talking about, nobody's done numbers like that. | ||
| So thank you all for being here. | ||
| Do you want to have a couple of questions? | ||
| Yeah, please. | ||
|
unidentified
|
Um, first on this, could you have brought uh these pharmaceutical companies to the table without that 100% tariff which you imposed? | |
| No, it's not 100%. | ||
| You're talking about China might be on the other. | ||
|
unidentified
|
I'm talking about the 100% you imposed on pharmaceuticals for that second. | |
| I would never have been able to bring them. | ||
| Now I'm not sure that Pascal would like to say, but behind the scenes he did say tariffs were a big reason he came here, and also the fact he loved Virginia, he liked this guy, he liked me. | ||
| Uh I think the November 5th election was a very important date. | ||
| We had a good election, and uh that was important. | ||
| But yeah, he he's here. | ||
| A lot of a lot of I can speak for almost everybody that's here, most of them are here because of tariffs, because you have to understand he has no tariffs. | ||
| If you build in this country, there are no tariffs. | ||
|
unidentified
|
So I'm gonna ask you about China if I could. | |
| Um just want to confirm. | ||
| Have you canceled your meeting with President Xi? | ||
| And no, I haven't danced. | ||
| So but I don't know that we're gonna have it. | ||
| Uh but I'm gonna be there regardless, so I would assume we might have it. | ||
| But uh, you know, they uh hit the world with something that really is not anything that uh people are gonna do, and and it's uh it was shocking. | ||
| I can tell you, Howard and I and Todd, we all we all, Scott, we were all speaking about it before, and it was we said, where did that come from? | ||
| It was just that was out of the blue, right? | ||
| Out of the blue, they came up with this uh whole import-export concept, and nobody uh nobody knew anything about it. | ||
|
unidentified
|
So they rolled back their export controls in the new announcement. | |
| Would you hold back? | ||
| We're gonna have to see what happens. | ||
| That's why I made it November 1st. | ||
| We'll see what what happens, you know. | ||
|
unidentified
|
What else besides software could be on the table in terms of exports? | |
| A lot more. | ||
| A lot more. | ||
| I mean, you have so far. | ||
| But you have a lot more. | ||
| We have airplanes, we have aeroplane parts. | ||
| You remember that from last time? | ||
| And we were just surprised that China have a very good relationship with President Xi, and they did that. | ||
| This is not something that I you know instigated. | ||
| This was just a response to something that they did. | ||
| And they didn't really aim it at us, they aimed it at the whole world. | ||
| The whole world is uh is subject to it. | ||
| So I thought it was very very bad. | ||
| But we have many things, including a big thing is Airport. | ||
| They have a lot of Boeing planes and they need parts and lots of things like that, Steve. | ||
|
unidentified
|
Well, the economic reason they got to accept the Gala deal. | |
| And what would be your message to the commission when you speak to them? | ||
| Well, he wanted it, you know. | ||
| It's been a long time. | ||
| He's been fighting a long time, he's been fighting hard. | ||
| He wanted it. | ||
| It's a great deal for Israel, but it's a great deal for everybody, for Arabs, for Muslims, for everybody for the world. | ||
| And as you know, on Monday the hostages come back. | ||
| They're getting them now. | ||
| I mean, they're getting them now. | ||
| They're in some uh pretty rough places under Earth. | ||
| They're in some pretty rough places where only a few people know where they are, some cases. | ||
| So uh they're getting them, and they're also getting the bodies uh approximately 28 bodies. | ||
| And uh some of those bodies are uh being unearthed right now as we speak. | ||
| I mean, they're working on it right now as we speak. | ||
| It's uh it's a tragedy. | ||
| It's a tragedy. | ||
| No, he was very happy with it. | ||
| And I can tell you that I saw Israel dancing in the streets, but they were dancing in Qatar and Saudi Arabia and UAE and many, many countries. | ||
| Uh I saw Egypt, they were dancing. | ||
| I'll be going to Israel. | ||
| I'll be speaking at the Knesset. | ||
| Uh I think early on. | ||
| And then I'm also going to Egypt. | ||
| They were terrific. | ||
| But all of the countries are great. | ||
| Indonesia was great. | ||
| Jordan was great. | ||
| They were all great. | ||
| Everybody, everybody wants this deal to happen. | ||
|
unidentified
|
What happens in Gaza the day after the Hospital release? | |
| Day after what? | ||
| The day after the hostage release. | ||
| What happens there then? | ||
| Well, hopefully you're going to have great success for I call it everlasting success. | ||
| I think you will too. | ||
| I think uh I think you're going to have tremendous success and Gaza is going to be rebuilt. | ||
| And you have some very wealthy countries, as you know, over there. | ||
| And it would take a small fraction of their wealth to do that. | ||
| But uh and I think they want to do it. | ||
| And we're also, we're also setting up, as you know, a uh Board of Peace. | ||
| It's called the Board of Peace. | ||
| I don't know if that's the final name, but it the word peace is definitely in there. | ||
| And they have asked me if I chair it. | ||
| We'll make sure things go well. | ||
|
unidentified
|
And how confident are you that the ceasefire will hold? | |
| I think it'll hold, yeah. | ||
| I think it'll hold. | ||
| Uh they're all tired of the fighting. | ||
| Don't forget, uh, you had October 7th, which was a horrible day, 1,200 people killed. | ||
| Uh but uh Hamas has lost 58,000 people. | ||
| That's big retribution. | ||
| That's big retribution. | ||
| People understand that. | ||
| So no, I think they're they're all tired of fighting, and this really gives the whole Middle East. | ||
| This is beyond Gaza. | ||
| Gaza is very important, but this is beyond Gaza. | ||
| This is peace in the Middle East, and it is a beautiful thing. | ||
| You know, it's a term that you and I have been hearing since we were very young, right? | ||
| And now we have a chance of really having that. | ||
| And as you know, uh most of the countries have passed all these resolutions. | ||
| Every country is there. | ||
| Iran uh came in. | ||
| I was very happy to see that. | ||
| I was very honored that Iran came in. | ||
| They said they support it. | ||
| Russia came in, President Putin, he supports it fully, very fully. | ||
| So I was happy to see even countries that weren't necessarily involved in the process, they all supported. | ||
| Every I don't know of anybody that does it. | ||
| And I've never seen happier people than many of these places, not just Israel. | ||
| Many of these places, they're all dancing on the streets. | ||
| I've never seen anything like it. | ||
|
unidentified
|
Mr. President, Mr. President. | |
| Go ahead, please, in the back. | ||
|
unidentified
|
Thank you. | |
| What guarantee would you give Hamas to persuade them that Israel will restart the bombing campaign once the hostages have been exchanged? | ||
| What did I do with respect to them? | ||
| Well, you know, I spoke a little bit tough. | ||
| And that's what would happen. | ||
| I mean, you have to speak tough. | ||
| It's uh that's a tough world. | ||
| That's a tough, as they say, neighborhood. | ||
| And uh they're tough people, they're very tough people, and they're smart people. | ||
| Uh they're good negotiators, they're you know, they have a lot of things going. | ||
| They put that to good use, they're gonna be very, very successful. | ||
| But uh they knew the retribution would be tremendous, unsustainable. | ||
| It would have been unsustainable. | ||
| Would have been it would have been complete obliteration, and uh they don't want that. | ||
| And nobody wants it at this point. | ||
| They want to get on with you know, rebuilding the entire Middle East. | ||
| It's not only Gaza, it's gonna be the entire Middle East. | ||
| Uh, they're gonna be able to live in peace. | ||
| Now we have some little hot spots, but they're very small. | ||
| You know the ones I'm talking about, they're very small, they'll be very easy to put out. | ||
| Those fires are gonna be put out very quickly. | ||
| Yes, ma'am. | ||
|
unidentified
|
Thank you, Mr. President. | |
| Um talking about the Middle East stuff. | ||
| I'm going to the phases that come after this first phase. | ||
| Is there a consensus on the additional points in your plan? | ||
| Or are the details still being fine too? | ||
| I think there is consensus on most of it, and some of the details, like anything else, they'll be worked out because you'll find out that when you're sitting in a beautiful room in Egypt, uh, you know, it's easier to work something out, but then sometimes it doesn't work from a practical standpoint. | ||
| So certain little things, but for the most part there's consensus, yes. | ||
|
unidentified
|
Do you intend to hash that out when you're in Egypt? | |
| I might, yeah. | ||
| I mean, I'll be there because I'll be going to I think we'll I'll go to Cairo, I think that's where we're going, as opposed to the place of the signing. | ||
| And we have a lot of leaders from all over the world coming to, you know, they've been invited. | ||
| And then I'm coming back, I believe it's Tuesday night for Charlie Kirk, a friend of mine, a friend of all of ours, a friend of a lot of the people right here. | ||
| And uh we're giving him the presidential medal of freedom, which is the highest honor you get outside of The Congressional Medal of Honor. | ||
| One's military, one's uh civilian, but it's it's the greatest honor. | ||
| And uh Erica's beautiful wife is gonna be here, and a lot of people are gonna be here. | ||
| So uh you know it's not easy for me to get back. | ||
| It's it's a very quick trip, but I'll be making uh two major stops, and then I'll be on the plane trying to get back in in time for Charlie. | ||
| They're gonna have a great celebration at the White House in the East Room of the White House. | ||
|
unidentified
|
Mr. President, um Russell Boat said the the reductions in force have begun related to this shutdown. | |
| How many layoffs have you authorized for this first round? | ||
| And from which agencies? | ||
| And it will be Democrat oriented because we figure, you know, they started this thing, so they should be Democrat oriented. | ||
| It'll be a lot, and uh we'll announce the numbers over the next couple of days, but it'll be a lot of people, all because of the Democrats. | ||
| I mean, they want to give one and a half trillion dollars to people that came into the country illegally. | ||
| More important than that, because we all have a big heart. | ||
| We want people to be taken care of. | ||
| But you know, we have zero people coming in. | ||
| You know that, Glenn, right? | ||
| That's that's a pretty impressive number, even for a successful governor. | ||
| But we've had for the last four months, zero people coming in illegally. | ||
| They're coming in, but they're coming in legally. | ||
| They're coming in through a process that's really a really good process right now, because we want people to come in, but they have to come in legally. | ||
| So what we're doing is uh as uh as these different groups come do, we're gonna make a determination. | ||
| Do we want them a lot? | ||
| And and I must tell you, a lot of them happen to be uh Democrat oriented. | ||
| These are uh people that the Democrats wanted that in many cases were uh not appropriate. | ||
| We fought them at the time, and it was ultimately uh signed in. | ||
| And some of these people, these are largely people that the Democrats want. | ||
| Uh many of them will be fired. | ||
| Yes, please behind. | ||
|
unidentified
|
Um the NAGO beef parts was announced this morning, your votes. | |
| Which one? | ||
|
unidentified
|
The Negro Beef Fries. | |
| You want your talks? | ||
| Uh look, I I including a very big one, and I'm not sure, you know, when you say big, it's certainly I think to the mind of most the most important deal ever made in terms of peace. | ||
| Uh but the one we just signed, it's been signed, sealed, and it's uh gonna start taking place now. | ||
| It's already started. | ||
| Monday's gonna be a very big day when the hostages come back. | ||
| But uh I made eight deals, transactions of wars. | ||
| One was 31 years going on, 10 million people were killed, one was 34 years, one was 36, 37. | ||
| Uh, one was 10, one was just starting, two were just starting, actually, but they were well on their way. | ||
| In the case of India and Pakistan, seven planes were shot down. | ||
| It was it was a bad one. | ||
| And I I did it largely through trade. | ||
| I mean, that one, numerous of them. | ||
| Uh I talked tariffs. | ||
| I said, look, if you're gonna do that, we're gonna put very big tariffs on your country. | ||
| And uh they were both great. | ||
| They they stopped fighting, and they were two nuclear powers. | ||
| So, you know, they're all big, they're every one of them big. | ||
| You take over you take a look at the Congo, you take a look at the Congo and Rwanda. | ||
| Uh 10 million people killed over a long period of time, got that one solved. | ||
| Uh we we did uh a total of eight as of this two days ago. | ||
| I would have said seven, which I did say, but uh the other one was signed up sealed, as you know, the uh Israel signed it just now. | ||
| They signed it and they approved it today, their parliament. | ||
| And uh it's a great honor to be involved with so many. | ||
| So uh the person who actually got the Nobel Prize uh called today, called me, and uh said that I'm accepting this in honor of you because you really deserved it. | ||
| That was a very nice thing to do. | ||
| I I didn't I didn't say then give it to me, though. | ||
| I think she might have, she was very nice. | ||
| And I've been you know, I've been helping her along the way. | ||
| She they've they need a lot of help in Venezuela. | ||
| It's a basic disaster. | ||
| So uh and you could also say it was given out for 24, and I was running for office in 24. | ||
| You know, all of the transactions that we did in terms of closing, but uh there are those that say we did so much that they should have done it. | ||
| But I don't take I I'm happy because I saved millions of lives, many millions of lives. | ||
| And speaking of somebody that saves lives, don't ever play golf with them, because Keegan Bradley just walked in, one of the greatest golfers in the world, the captain of the Ryder Cup. | ||
| And man, I'll tell you you did a good job. | ||
| You almost came back. | ||
| I turned on. | ||
| I said, you know, I sort of turned off. | ||
| It wasn't looking good. | ||
| And then a little while later, I turned on. | ||
| I said, you guys might make that would have been the miracle. | ||
| What a great job. | ||
| He's respected by those golfers like nobody. | ||
| And I just want to compliment you, Keegan. | ||
| That was an incredible job. | ||
| Right here, we have a lot of unfriendly fake news media. | ||
| But and he's not used to that. | ||
| He's used to getting only good publicity, I think. | ||
| Howard, these are all golfers. | ||
| But uh you're some golfer, I'll tell you that. | ||
| And some some leader. | ||
| Thank you very much. | ||
| Great job. | ||
| Thank you. | ||
|
unidentified
|
Mr. President, I'm trying out for us. | |
| Yeah, please. | ||
|
unidentified
|
On immigration, um, I start making arrests, uh, parking arrests at courthouses in New York City and around the country. | |
| Arresting criminals, that's right. | ||
| Yeah. | ||
| Go ahead. | ||
| I'm I'm happy about it. | ||
| I want them to arrest criminals. | ||
| And uh, if you take a look at DC, uh a year ago, DC was this our great capital was a very unsafe place. | ||
| You know that. | ||
| Some of you were mugged and uh talk openly about it. | ||
| Some of the media was mugged. | ||
| Uh but uh right now DC is one of the safest places in the whole country. | ||
| Uh the restaurants are booming, they're opening up new restaurants, the restaurants are all closing. | ||
| Now you can't get into a restaurant. | ||
| They're opening up new restaurants. | ||
| Uh it took 12 days for us. | ||
| We sent in uh not politically correct military. | ||
| We sent them in based on merit. | ||
| You know, we won the case in the Supreme Court. | ||
| Everything now is based on merit. | ||
| Our country was founded on things based on merit. | ||
| Like uh Keegan Bradley's not gonna be playing golf if he wasn't a great player. | ||
| He's if he shoots lower scores, it's boy, there's no more merit system than that one, Keegan, right? | ||
| You either if you miss a butt, you they don't say, oh, that's okay, let's take it again, do they? | ||
| No, it's based on merit. | ||
| Everything's based on merit. | ||
| And uh well, back to the merit system. | ||
| And when they saw that military, that military is all about merit. | ||
| They're big, strong people that uh wanna they're patriots too. | ||
| And you take a look at DC, and now we're in Memphis, and Memphis was really crime ridden, it was terrible. | ||
| A lot of people being killed, and they say in 12 days they can't even believe how much better it is. | ||
| And it'll take uh probably a month over there, and uh, we're heading to Chicago because we want to save Chicago. | ||
| Do you know they had over 4,000 people killed in Chicago over a short 4,000 people, and I have to watch this slob of a governor stand up and say that uh, well, everything's okay, we've got it under control. | ||
| They had 4,000 people murdered over a very short period of time. | ||
| That's there's not a city in the world, I don't believe that can claim you know, you hear so much about different I won't, you know, embarrass anybody, like by saying Mexico City, or by saying anywhere in Afghanistan. | ||
| There's no place like that. | ||
| And then I have to listen to the mayor who's got a 5% approval rate, maybe less. | ||
| He's an incompetent man, and the governor's an incompetent guy. | ||
| He's a guy that was thrown out of his family business like a dog. | ||
| And is I know his family very well, and now he's a governor. | ||
| And when I watch him trying to say that it's okay, we have crime under control. | ||
| I lost 4,000 people over a very short period of time. | ||
| Uh over, I believe it's like six, seven thousand people were shot, but didn't die. | ||
| But four thousand people died. | ||
| Uh and then he gets up and talks about how uh it's not a problem. | ||
| Or Portland, Oregon. | ||
| I mean, every time I look at that place, the place is burning down. | ||
| There's fires all over the place. | ||
| When a store owner, there are very few of them left, but when a store owner rebuilds a store, they build it out of plywood, and they don't put up storefronts anymore. | ||
| They just put wood up because they know it's gonna be ripped down, and then I hear how wonderful it is. | ||
| It's not wonderful, it's a disaster. | ||
| That's almost an insurrection, that place. | ||
| So we put our people in there and they do the job, and they've really done the job. | ||
| And the beautiful thing is we've done it. | ||
| Twelve days we had this place safe, and now it's uh I would say within a month it was beautiful, and it continues to be. | ||
| That was uh three months ago. | ||
| I I'll tell you, DC now is one of the hottest places, just like this country. | ||
| We were a dead country, and you've heard me say it a hundred times. | ||
| We're a dead country. | ||
| King of Saudi Arabia said it. | ||
| Others say the emir of Qatar said it. | ||
| Many UAE said it. | ||
| The leader, Great leader, UAE, all great leaders. | ||
| They said effectively the same thing. | ||
| One year ago we had a dead country. | ||
| Now we have the hottest country anywhere in the world. | ||
| I just want to thank everybody, and I want to in particular thank AstraZeneca. | ||
| What a great company you have. | ||
| What a company you built. | ||
| You've been there a long time and done some job. | ||
| It's an honor to have you. | ||
| I assume you're gonna build, so it's four four point five billion for a plant. | ||
| That's a pretty big plant, isn't it? | ||
| I was gonna say, could he make it a little bit more? | ||
| Well, we have a couple of them where they're gonna spend sixty-five billion on one plant, you know. | ||
| They AI. | ||
| All I know is it's you know, AI is based on information. | ||
| I hope they're right about information. | ||
| I don't know. | ||
| You gotta make a lot of money to it's gotta be a lot of information out there, but that seems to be pretty hot. | ||
| But we have a lot. | ||
| We're we're leading the world on information on AI, as you know by a lot. | ||
| It's not even close. | ||
| So we're doing a job. | ||
| And I want to thank everybody, but in particular, uh Pascal, thank you very much. | ||
| It's a great honor. | ||
|
unidentified
|
Thank you. | |
| Thank you very much. | ||
| Thank you, everybody. | ||
|
unidentified
|
Have a good time. | |
| Thank you, friends. | ||
| Let's go. | ||
| Thank you. | ||
| Thanks, guys. | ||
| Thank you. | ||
| Thank you, Brass. | ||
| Thank you, Brass. | ||
| go The biggest shifts in the sea, all owned by the oldest kings, and the dying legacy, media till me. | ||
| So will the penny show come to mind the salt from Lives for fun. | ||
| Be the golden bring the gun. | ||
| We sail for number one. | ||
| So will the penny show come to mind the salt from lids for fun. | ||
| Be the golden bring the gun. | ||
| We sail for number one. |
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