President Trump takes on 'Big Pharma' by signing executive order to lower drug prices

President Donald Trump signed an executive order that the White House says will "bring the prices Americans and taxpayers pay for prescription drugs in line with those paid by similar nations."

Trump said that "starting today, the United States will no longer subsidize the healthcare of foreign countries, which is what we were doing. We're subsidizing others’ healthcare, the countries where they paid a small fraction of what for the same drug that what we pay many, many times more for and will no longer tolerate profiteering and price gouging from Big Pharma."  Greg Norman is a reporter at Fox News Digital.

"Even though the United States is home to only 4% of the world's population, pharmaceutical companies make more than two thirds of their profits in America. So think of that with 4% of the population, the pharmaceutical companies make most of their money. Most of their profits from America. That's not a good thing," Trump continued.