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U.S. President Donald Trump and nine major pharmaceutical companies on Friday announced deals that will slash the prices of their medicines for the government's Medicaid program and for cash payers, in his latest bid to align U.S. costs with those in other wealthy nations. Bristol Myers Squibb (BMY.N), opens new tab, Gilead Sciences (GILD.O), opens new tab, Merck (MRK.N), opens new tab and Roche's (ROG.S), opens new tab U.S. unit Genentech have struck deals. Novartis (NOVN.S), opens new tab, Amgen (AMGN.O), opens new tab, Boehringer Ingelheim, Sanofi (SASY.PA), opens new tab and GSK (GSK.L), opens new tab have also signed on.

In his latest effort to lower drug costs, President Donald Trump unveiled Friday "Most Favored Nation" pricing deals with nine more pharmaceutical companies. The president also announced he would call a meeting next week or early January with health insurers to push them to lower their premiums. The move comes as Trump and Republicans are scrambling to deal with steeply rising health insurance costs, particularly on the Affordable Care Act exchanges as enhanced premium subsidies are set to expire at year's end.

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The Department of Justice has filed fresh lawsuits against the District of Columbia, Georgia, Illinois and Wisconsin after they failed to provide full voter-registration lists, im breach of federal law