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  1. Fact Sheet: President Donald J. Trump Announces Major Developments …

    Nov 6, 2025 · ADVANCING MOST-FAVORED-NATION (MFN) PRICING: Today, President Donald J. Trump announced the latest in a series of the most significant actions ever taken

  2. Most-Favored-Nation Prescription Drug Pricing Executive Order: Legal ...

    Jun 5, 2025 · From this statement, it appears that HHS intends to apply the most-favored-nation (MFN) pricing only to single-source drugs (i.e., "brand-name" drugs without any approved generic or …

  3. Understanding the MFN Clause: Equal Trading Terms Explained

    Oct 2, 2025 · The most-favored-nation (MFN) clause is a key rule in international trade that requires countries to treat all World Trade Organization (WTO) members equally by offering them the same …

  4. Most favoured nation - Wikipedia

    MFN allows smaller countries, in particular, to participate in the advantages that larger countries often grant to each other, whereas on their own, smaller countries would often not be powerful enough to …

  5. HHS, CMS Set Most-Favored-Nation Pricing Targets to End Global ...

    May 20, 2025 · Most-Favored-Nation policy builds on President Trump’s broader reforms to eliminate global freeloading and ensure every American has access to affordable, life-saving treatments.

  6. Unpacking President Trump’s New Executive Order on “Most-Favored …

    On May 12, 2025, President Trump issued an executive order, Delivering Most-Favored-Nation Prescription Drug Pricing to American Patients (the “Executive Order”), that sets forth the …

  7. Medicare and Medicaid Demos Seek to Impose MFN Pricing: An …

    4 days ago · The Executive Order was virtually silent on how MFN would apply to the Medicare program given the complex and detailed drug pricing laws enacted by Congress over the past 35 years.

  8. Trump announces agreements with 9 major drugmakers to lower prices

    Dec 19, 2025 · Nine drug manufacturers will offer their drugs to Medicaid recipients at most-favored-nation discounts in exchange for tariff exemptions.

  9. The Global Risks of America’s “Most-Favored-Nation” Drug Pricing Policy

    May 22, 2025 · On May 12, 2025, President Donald Trump signed Executive Order 14,297, directing the adoption of an MFN pricing model for prescription drugs. Under this policy, drugmakers must match …

  10. CMS Releases MFN Drug Pricing Models for Medicare Parts B and D …

    Dec 22, 2025 · CMS unveils GLOBE and GUARD models to integrate MFN drug pricing into Medicare, aiming to cut costs and reshape global pricing policy. Read more in Goodwin's alert.