Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on the day's biggest business stories
Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Sign up for Axios NW Arkansas
Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters
Evan Vucci / AP
It's looking like President Trump's executive order on drug prices may not have much bite after all.
Kaiser Health News and Politico report that much of the work is being led by Joe Grogan, an Office of Management and Budget official who used to be a lobbyist for Gilead Sciences — the company that helped set off the drug price debate when it charged $1,000 per pill for its hepatitis C drugs. And some of the solutions the task force has discussed are pretty industry-friendly — like giving drugs longer patent protections in foreign markets, a policy that critics say would make them more expensive.
Why it matters: Trump campaigned on populist promises to lower drug prices and has been pushing his team to propose executive actions he can take on his own. These early signs suggest that his executive actions may fall pretty far short of his campaign promises.