Trump convinced Pfizer to keep its drug prices steady. Now, it's reversing course.

Pfizer sign.
(Image credit: Spencer Platt/Getty Images)

President Trump once convinced drug manufacturer Pfizer to curb its price hikes. This time, he may not be so lucky.

America's biggest drug manufacturer announced Friday it would increase prices on 10 percent of its prescriptions in January, Bloomberg reports. The move comes after Republicans lost the House in last week's midterms — something experts suggest isn't a coincidence.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.