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Before a closed-door meeting with pharmaceutical company executives, President Trump said he would work to streamline the drug-approval process and cut regulation, but he also told the group they need to bring prices down and manufacturing jobs back to the United States. STAT story has more; here is a transcript of remarks from the president and pharma leaders.

TRUMP: You folks have done a terrific job over the years, but we have to get prices down for a lot of reasons. We have no choice. For Medicare, for Medicaid, we have to get the prices way down so that’s what we’re gonna be talking about.

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