Drug price cuts: what is Trump planning and what will it mean for big pharma?

President has directed Robert Kennedy to send price targets to industry, with slimming drugs thought to be included

Donald Trump has used his executive powers to order sweeping cuts to the price of prescription drugs in the US, in an effort to bring them in line with other developed countries.

The plans, first announced in a social media post on Sunday, triggered a sharp fall in drugmakers' share prices on Monday. However, these later reversed amid growing scepticism that the shake-up would be as severe as promised.