{"id":42280,"date":"2026-04-05T22:32:25","date_gmt":"2026-04-05T22:32:25","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=42280"},"modified":"2026-04-05T22:32:25","modified_gmt":"2026-04-05T22:32:25","slug":"eli-lilly-opposes-trump-mfn-drug-pricing-law-ceo-ricks-says","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=42280","title":{"rendered":"Eli Lilly opposes Trump MFN drug pricing law, CEO Ricks says"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108222575\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Dave Ricks, CEO of Eli Lilly, speaks in the Oval Office during an event about weight loss drugs at the White House in Washington, Nov. 6, 2025.<\/p>\n<p>Andrew Caballero-Reynolds | AFP | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/LLY\/\">Eli Lilly<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> opposes the White House&#8217;s push to codify &#8220;most favored nation&#8221; drug pricing into law, CEO Dave Ricks said in an interview with CNBC. <\/p>\n<p>Lilly is one of more than a dozen drugmakers that <a href=\"https:\/\/www.cnbc.com\/2025\/12\/19\/nine-pharma-companies-ink-deals-with-trump-to-lower-drug-prices.html\">signed deals<\/a> with the Trump administration last year agreeing to charge similar prices for prescription drugs in the U.S. as in other wealthy nations. President <a href=\"https:\/\/www.cnbc.com\/donald-trump\/\">Donald Trump<\/a> has long complained that Americans pay high prices to subsidize low prices for medicine in the rest of the world. <\/p>\n<p>The pharmaceutical industry thought the agreements would pacify those concerns and thwart attempts to make <a href=\"https:\/\/www.cnbc.com\/video\/2026\/02\/25\/cms-administrator-dr-mehmet-oz-most-favored-nation-drug-pricing-will-become-the-standard.html\">&#8220;most favored nation&#8221; pricing<\/a> the law. But the White House in recent months has pushed Congress to codify elements of the deals. The draft text hasn&#8217;t been shared publicly, though <a href=\"https:\/\/www.statnews.com\/2026\/03\/19\/chris-klomp-hhs-medicare-discusses-mfn-drug-pricing-trumprx\/\" target=\"_blank\">the administration has said<\/a> it&#8217;s trying to get pharmaceutical companies to back the effort.<\/p>\n<\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-108285750\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-108285750\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000408432\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\"><span class=\"InlineVideo-videoButton\"\/><span\/><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Lilly doesn&#8217;t support it, Ricks said. <\/p>\n<p>&#8220;When you throw it into the congressional process, what goes in is not what&#8217;s going to come out,&#8221; Ricks said. &#8220;And I think we see a lot of people who would rather reduce prices today and not worry about whether we have any new medicines tomorrow, not worry about whether America will have a robust drug industry and we&#8217;ll be able to do research in this country. And I worry about those things, so I don&#8217;t think that&#8217;s a great idea, and we&#8217;ve been pretty clear with the administration and the congressional leaders about that.&#8221;<\/p>\n<p>Ricks said he thinks the Trump administration and leadership on the Hill are listening to the company&#8217;s concerns, but he said Lilly will use &#8220;all the tools we have to combat bad policy, and we think it would be bad policy.&#8221;<\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\"><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2026\/04\/01\/eli-lilly-opposes-trump-mfn-drug-pricing-law-ceo-ricks-says.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dave Ricks, CEO of Eli Lilly, speaks in the Oval Office during an event about weight loss drugs at the White House in Washington, Nov. 6,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":42281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[40],"tags":[],"class_list":["post-42280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/42280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42280"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/42280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/42281"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}