President announces TrumpRx website for drugs, and pricing deal with Pfizer

Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services, (from left), Albert Bourla, CEO of Pfizer, President Trump, and Martin Makary, commissioner of the Food and Drug Administration, discuss a drug price initiative in the Oval Office Tuesday.

The Trump administration says it is making deals with drug companies to lower prices U.S. consumers pay for medicines. But key details are missing on how the initiative would work.

(Image credit: Francis Chung)