Trump Fights Big Pharma with Drug Plan, China Tariffs Pause, American Hostage Free: AM Update 5/13

President Trump signs a sweeping executive order to slash drug prices by up to 80%, tying U.S. prices to those in other countries and cutting out middlemen. The U.S. and China agree to a 90-day pause on reciprocal tariffs, aiming to open Chinese markets to American goods and secure critical supply chains. President Trump defends accepting a luxury jet from Qatar, clarifying that it’s a government gift to the Department of Defense. Edan Alexander, the last known living American hostage held by Hamas, is released after more than 19 months, with President Trump pledging to recover the bodies of the deceased still held in Gaza.

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