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.

Roche Holding AG said it would need to reconsider planned US investments if President Donald Trump implements an executive order to cut prescription drug costs.

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.

The order is based on a "most favored nation" pricing model, which is similar to a policy Trump pushed in his first administration.