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Dec. 19, 2025 14:17-14:31 - CSPAN
13:56
President Trump Makes an Announcement

President Trump unveils the "gold card"—a $1M fee for foreign workers to stay in the U.S. post-graduation, benefiting companies like Johnson & Johnson while cutting federal jobs and unemployment via private sector growth—contrasting it with Biden’s alleged 25M migrant influx from prisons and drug cartels, including Venezuela and Congo. Simultaneously, he pushes "most favored nations" pricing for drugs, forcing firms like Novartis (Vass Naraseman), Genentech (Ashley Mayaragri), and Gilead (Dan O’Day) to match global lows or face tariffs, with 14 of 17 agreeing, promising historic price drops next year. Legal tensions arise as Trump resists releasing details on a "double-tap strike" executive order targeting boat survivors, sparking calls for accountability while callers divert focus to cocaine’s ecological harm from destroyed vessels. His policies blend immigration crackdowns with healthcare overhauls, framing corporate wins and patient relief as direct contrasts to Democratic priorities. [Automatically generated summary]

Participants
Main
d
donald j trump
admin 11:47
Appearances
a
adam smith
rep/d 00:50
Clips
g
greta brawner
cspan 00:09
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Speaker Time Text
adam smith
Direction to the Secretary of Defense.
Here's what you do on this campaign.
We haven't seen it.
And that's the rules of engagement.
That factors into, and sorry, I didn't get into the details of the double-tap strike.
We can do that during the questions.
That factors into the decision that Admiral Bradley made to do a second strike on two survivors clinging to the wreckage of the boat that had been hit by the first strike.
What was the reason for that?
That's contained in the execute order, which they haven't given us.
So that was in the bill to require them to turn that information over to Congress.
greta brawner
President Trump signed it.
adam smith
He did.
greta brawner
So what does that mean then in the days and weeks coming for Secretary Hegset?
adam smith
Yeah, well, you remember the part I said about how Trump doesn't think he has to follow the law that he doesn't want to follow?
I tend to think it means that he's not going to follow the law that he doesn't want to follow, and we're going to have to try to figure out some way to sue him and hope that the court finally decides that the rule of law does in fact matter more than Trump being able to do whatever he wants to do.
greta brawner
We'll go to Scott first in New York, an independent.
Welcome to the conversation with the Congressman.
unidentified
Go ahead.
Yes, thank you.
God bless everybody and happy holidays.
First I want to say God made pot man ruined cannabis, okay?
But something I've been trying to get over there since I watched a couple boats get blown into the water and I see all that cocaine go flying up in the air and land in the ocean and all the fish and all the ocean life is getting these thousands of pounds of cocaine ruining our ocean life.
Why is nobody addressing that?
We're going to leave this to take you to the White House.
President Trump's expected to make an announcement on lowering prescription drug costs.
Live, here on C-SPAN.
It's a great honor.
donald j trump
These are among the greatest executives anywhere in the world, so it's an honor to have them with us.
And I think they'll be very happy about what we have to say.
I thought I'd start by announcing two things.
This is the gold card, as you know, the Secretary of Commerce and myself and some others have been working on for quite a while.
And Howard, how much have we sold in a few days?
unidentified
$1,300,000,000 worth in a matter of a couple of days.
donald j trump
That's a essentially the green card on steroids.
And it's a pathway.
And it's been an amazing thing.
And as you know, millions of people pour into our country from the border.
And not anymore, they don't know it.
Nobody comes in, actually, anymore.
But under the Biden administration, 25 million people came in.
And they came from prisons and mental institutions.
And they were drug dealers, and all sorts of people came in that shouldn't be here.
They came from the jails, the jails all over Venezuela, all over the world, the Congo.
And now when they come in, they have to pay a million dollars.
And we've had a tremendous surge, and you're going to be happier than anybody because when you go to Harvard and the Wharton School of Finance and all of the great schools, and you want to hire somebody, and then you find out that I'm sorry, they can't stay in our country for more than 24 hours.
They graduate from the top schools.
These people want to hire them.
Now you're able to buy a card and you're able to keep people in the country.
They can't keep people in the country.
And they go to Canada, they go to other countries.
A lot of times they go to Canada, even though they work for the companies behind me.
So now you're able to buy the country, the companies are able to buy the card and use it for people coming in to our country so they can stay in our country instead of being immediately shipped out after graduating.
They graduate number one in their class at the best school, and they want to go to work for Johnson Johnson, as an example, who's not here today, who will be here next week.
They're well represented here.
But they want to go to work for one of the great companies behind me, and you learn they can't do that because they're shipped out of the country.
They're not shipped out anymore.
So your company will pay a little bit, but that's okay.
You'll be able to get them.
So I just want, it's called the gold card, the Trump gold card.
Quite a beautiful thing.
And you've taken in in just a few days, you've taken in over a billion and a half dollars.
That goes all toward reducing debt, goes into the Treasury of the United States.
And I thought I'd do this before we start on most favored nations.
I want to read this because I would have said it the other night, but I was not allotted too much time, actually.
You had a couple of brand new shows opening, and I understand that.
But I do want to say, and some people say, oh, you shouldn't say it.
It sounds negative.
To me, I think it sounds positive.
The only reason our unemployment tucked up and went up to 4.5%, which it went up to 4.5%, which is quite a low number, but still, is because we are reducing the government workforce by numbers that have never been seen before.
In other words, government jobs are way down.
And as you know, we don't need 10 people to fill one job, which is what we had in government in many cases.
So the government workforce by numbers that have never been seen before has been reduced very substantially and will continue to be reduced.
100% of our new jobs are in the private sector.
So this is for the last number of months.
Think of that.
100%.
Are you shocked to hear that?
That's the way to make America great again.
What do you think, right?
It's the only way.
100% of new jobs are in the private sector.
And I could reduce unemployment to 2%, 1%, or practically zero by just hiring people into the federal government, even though those jobs are not necessary, which is what we had before.
We had millions and millions of people having jobs that they never even showed up.
So I wish that the media would report that the 4.5% is an amazing number.
And again, if they don't report it, I guess maybe I'll just let some people go into the federal workforce.
It'll look really wonderful.
And what we're doing is the only way you can do it to make a country great.
You have to, you can't have the government jobs.
You have to have the private sector jobs.
And these are among the biggest hires of private sector.
So we have reduced the federal workforce by tremendous hundreds of thousands of people.
And that reflects an unemployment, but that will be used up very quickly.
And we've 100% of the new jobs, which by the way, it's a record-setting number of jobs too, is in the private sector.
And I think that will get even stronger when these buildings being built all over the country, of which they're building some too.
But AI and auto plants and everything else, they're being built all over the country.
When that happens, your numbers will be even better.
But I would like you to report it the way it is.
We don't do the federal workforce jobs.
We're reducing that very substantially.
I'm thrilled to be joined by the leaders of nine of the world's largest pharmaceutical manufacturers, all very big names, celebrities in their own right, very, very powerful people, and they head some of the most admired companies anywhere in the world.
It's a great group.
To announce that they've agreed to offer many of their flagship drugs, really all of their flagship drugs, at heavily discounted, most favored nations' prices.
In other words, whatever the drug sales were over the world, in the world, whatever the lowest number is, if it's Germany, if it's in the UK, anywhere, we will match that price.
Right now, sometimes it's 10 times higher.
We've been laughed at and scoffed at for years, for years.
In fact, I was going to do it in my first term, but unfortunately, with the advent of COVID, as you would say, it was not, I don't think it was a very good time to be hitting up Spain, Italy, France, but now we're doing it.
So the hardest thing to do was going to be to get a country to do it, because we would have a pill in New York that was for sale for $130, and you could buy it in Germany and France and Spain, and someplace anyways.
They set their own prices for $10.
So we'd pay 10 or 13 times more, pay five times more, pay all different prices.
Now, whatever the lowest price is.
Now, the pharmaceutical companies were difficult, but they also love our country.
They knew it was unfair.
And they were great.
I appreciate it.
But the bigger problem was going to be the countries.
How are you going to get the countries to do it?
And we told them, if you don't do it, we're going to have to use tariffs, and we're going to charge you a 10% tariff, which is far more money than the money we're talking about.
And they immediately agreed to do it.
So we have all the foreign countries agreeing to do it.
If we didn't have the use of tariffs, we would never be able to do this.
But we use tariffs, and they said, is it a threat?
I said, yes, it is a threat.
Then they said, we will do it.
And they dropped the price.
So what's happening, because the world is bigger than the United States in terms of people, that same pill would go from $10 to $20 for them, which is an increase, but it wouldn't go to, you know, midway.
But it would go from $10 to $20.
Ours would go from $130 to $20.
So we dropped way down.
They went up a little bit.
And everyone knows it's the way it is.
They, for years, would just say, no, no, no, as medicine got more expensive for us, it would stay.
They said, nope, you can't sell it in this country.
Let the United States pay.
And we had other presidents, all of them, said, okay, we'll pay.
So we were subsidizing the entire world.
We're not doing it anymore.
This is the biggest thing having to do with drugs in the history of the purchase of drugs.
And I don't think maybe press will treat it as a story.
This is the biggest front page story that you'll ever see.
This is a huge bearing too on the health care because a big part of health care is drugs, pharmaceuticals, right, Oz?
And so this will have a tremendous impact on the reduction of health care.
The biggest impact is going to be that the money should be paid not to the insurance companies, directly to the people and the people who buy their own health care.
So we're going to be working that.
The problem is that the Democrats are very much controlled by the insurance companies that make all that money, but we're not going to let that happen.
Starting next year, American drug prices will come down fast and furious, and will soon be among the lowest in the developed world.
So in other words, whatever the lowest price for a certain drug, of which these companies make much of it, whatever the lowest price is, Oz, that price will come down to that price.
So we will get the lowest price anywhere in the world.
If they're lower in England than they are in Germany, we take the England price.
As of today, 14 out of 17 largest pharmaceutical companies have now agreed, 14 out of 17, oh, those three companies, they're in deep trouble.
But actually, they've agreed because I think those three companies are coming in at a different time next week.
So they've agreed.
Johnson and Johnson is one of them, right?
After the holidays.
unidentified
Why?
donald j trump
They couldn't do it faster?
No, we're talking about Trump RX.
unidentified
Oh, okay.
donald j trump
Trump RX.
Trump RX is doing well.
As of today, 14 out of the 17 largest pharmaceutical companies, but they've all agreed, have now agreed to drastically lower drug prices for their American patients, for the American people and patients.
This represents the greatest victory for patient affordability in the history of American health care by far.
And every single American will benefit.
So this is the biggest thing ever to happen on drug pricing and on health care.
This will have a tremendous impact on health care itself.
I want to thank Santa Fe, CEO Paul Hudson.
unidentified
Paul?
Yep.
donald j trump
Hi, Paul.
I hope they have you in some order.
I hope you check.
unidentified
I'm going to go yes, but no.
donald j trump
Okay, well, we'll do the best we can.
Thank you, Paul.
Great company, by the way.
Novarta CEO, Vass Naraseman.
Thank you very much, Vass.
Great job.
Genentech CEO, Ashley Mayaragri.
Where are you, Ashley?
unidentified
How are you?
Hi.
donald j trump
Thank you very much.
Great companies.
Behringer Inky Mine President John Michael Boers.
John Michael, thank you very much.
Gilliad CEO Dan O'Day.
unidentified
Yeah.
donald j trump
Thank you, Dan.
Great job.
That's good company.
Bristol Myers-Squibb Executive Vice President Kerry Gallman.
unidentified
Kerry?
donald j trump
Thank you, sir.
Thank you very much.
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