President Donald Trump signed a sweeping executive order lowering prescription drug prices through a “Most Favored Nation” policy in a move that is legally dubious and is sure to face fierce opposition from pharmaceutical companies.

U.S. President Donald Trump on Sunday night said he will sign an executive order to reduce drug prices in the United States by between 30% and 80% with the aim of equalizing global prices.

President Donald Trump on Monday will sign a sweeping executive order that calls on the nation’s health department to negotiate lower prices for U.S. medications with drugmakers.