Trump thanks Novartis, Pfizer for not raising drug prices
President Donald Trump. (U.S. Coast Guard photo by Petty Officer 1st Class Patrick Kelley)

U.S. President Donald Trump on Thursday thanked two major drug companies for not raising their prices and said his administration was working toward “substantially” cutting prescription-drug prices.

“Thank you to Novartis for not increasing your prices on prescription drugs. Likewise to Pfizer. We are making a big push to actually reduce the prices, maybe substantially, on prescription drugs,” Trump said in a tweet.

Reporting by Lisa Lambert; Editing by Alison Williams