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Pfizer ends deal to placate Trump, announces plan to raise prices on 41 prescription drugs

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Pharmaceutical company Pfizer will raise prices on 10 percent of its prescription drugs in January, ending a brief period in which the company halted price increases in an effort to appease President Donald Trump.

The Wall Street Journal first reported the Pfizer news Friday. The paper reported that Pfizer would raise prices on 41 drugs by an average of about 5 percent, though three drug prices will be raised by 3 percent and one will be raised by 9 percent.

Trump negotiated a price freeze with Pfizer CEO Ian Read in July of this year, but, as Bloomberg reported, Read said on an........

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