US President Donald Trump has announced a deal with AstraZeneca Plc to slash consumer prices on some of the company’s drugs in exchange for tariff relief, in the second major deal between the White House and a pharmaceutical company seeking to reduce healthcare costs for Americans.

“AstraZeneca, the largest pharmaceutical manufacturer in the UK, is committing to offer Americans major discounts on their vast catalogue of prescription drugs,” Trump said Friday in the Oval Office, where he was joined by AstraZeneca Chief Executive Officer Pascal Soriot.

The deal — similar to a pact announced last week by Pfizer Inc . — will see AstraZeneca slash what it charges for its medicines in exchange for three years of relief from threatened tariffs on the pharmaceutical industry. The company will

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