WASHINGTON — Last week, it was a left-wing political group taking Pfizer (PFE) to task for hiking prices on dozens of drugs. On Monday, it was the president, who accused the company of arbitrarily hiking prices and taking advantage of Americans struggling to afford prescription medicines.
“Pfizer & others should be ashamed that they have raised drug prices for no reason,” President Trump tweeted. “They are merely taking advantage of the poor & others unable to defend themselves, while at the same time giving bargain basement prices to other countries in Europe & elsewhere. We will respond!”
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Nothing POTUS can do when the legislators are in pharmaceuticals back pocket.
Kudos to Pfizer for being the first calling the bluff on Trump. If they will survive his twitter storm in the next few days, there will be an avalanche of “huge” drug price increases from everyone else. After all, US customers like to be presidentially “raped”