President Donald Trump in an interview with FOX News host Sean Hannity called out the European Union for "screwing" the United States on drug prices. HANNITY: They spend billions of dollars. And put aside whether or not people demonize big pharma,

The president announced an executive order aimed at lowering U.S. drug costs, revisiting an idea that was blocked in court during his first term.

SHANGHAI (Reuters) -Australia will "not compromise" on its policy to subsidise the cost of some medicines, the government said on Wednesday, after U.S. President Donald Trump's executive order to lower domestic drug prices roiled the global pharmaceutical industry.

As in negotiations with foreign nations, minor concessions by drug companies are more likely than a true overhaul.

President Trump will hold a press conference Monday morning with Health and Human Services Secretary Robert F. Kennedy Jr. to announce an executive order to cap prescription drug and pharmaceutical prices at the lowest cost offered in any other country.

WASHINGTON (Reuters) -U.S. health secretary Robert F. Kennedy Jr. said on Wednesday at a Senate Committee on Health, Education, Labor & Pensions hearing that he is willing to work with Democrats on lowering prescription drug prices.

Health and Human Services Secretary Robert F. Kennedy Jr. said that bringing the cost of prescription drugs to levels seen in Europe largely depends on how drug companies cooperate.