The president directed his administration to tie drug prices that the U.S. pays to those paid by other countries.

President Trump will hold a press conference Monday morning with Health and Human Services Secretary Robert F. Kennedy Jr. to announce an executive order to cap prescription drug and pharmaceutical prices at the lowest cost offered in any other country.

The order is based on a "most favored nation" pricing model, which is similar to a policy Trump pushed in his first administration.

As in negotiations with foreign nations, minor concessions by drug companies are more likely than a true overhaul.