Photo: Nicholas Kamm/AFP/Getty Images

Trump said Wednesday, while signing the Right to Try Act, that major drug companies are going to announce drug price decreases in two weeks.

Yes, but: Health and Human Services secretary Alex Azar has also been calling on the industry to self-regulate, but it’s not clear what Trump was referring to, or where any new savings would come, adds Axios' Sam Baker.

Between the lines: This announcement comes absent regulatory changes that could hold the pharmaceutical companies accountable.

Context: Republicans on Capitol Hill have been quiet about the president’s plan to reduce drug prices, and are wary of making an enemy of the pharmaceutical industry. Making waves on health care before the midterm elections could be a risky move, per Politico.

Go deeper: Who really pays for prescription drugs.

Go deeper

Updated 5 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Biden ahead in Wisconsin, Michigan as cases surge in the Midwest.
  2. Health: Surge "is real" and not just caused by more tests, Trump's testing czar saysMask mandates help control rise in hospitalizations Some coronavirus survivors have "autoantibodies."
  3. Business: Surge is sinking consumer confidence Testing is a windfall.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. World: Germany to close bars and restaurants for a month Putin mandates face masks.

Parties trade election influence accusations at Big Tech hearing

Photo: Michael Reynolds/Pool/AFP via Getty Images

A Senate hearing Wednesday with Big Tech CEOs became the backdrop for Democrats and Republicans to swap accusations of inappropriate electioneering.

Why it matters: Once staid tech policy debates are quickly becoming a major focal point of American culture and political wars, as both parties fret about the impact of massive social networks being the new public square.

1 hour ago - World

Germany goes back into lockdown

Photo: Fabrizio Bensch/Pool/AFP via Getty Images

German Chancellor Angela Merkel will enact one of Europe's strictest coronavirus lockdowns since spring, closing bars and restaurants nationwide for most of November, Reuters reports.

Why it matters: Germany is the latest European country to reimpose some form of lockdown measures amid a surge in cases across the continent.