President Trump will introduce a "most favored nation" plan aimed at cutting Medicare drug prices by linking them to the prices of medication abroad, sources told CBS News.

The president is expected to sign an executive order early next week that will instruct Medicare to adopt a “most favored nation” pricing model for certain drugs.

President Trump and Treasury Secretary Scott Bessent have both said numerous trade agreements could come as soon as this week.

The U.S. and United Kingdom have signed a trade deal, the first such agreement since President Donald Trump announced sweeping tariffs on trading partners earlier this year. The deal is set to lower tariffs on steel and automobiles and make it easier for the U.

U.S. President Donald Trump holds a letter from Britain's King Charles as he meets with British Prime Minister Keir Starmer in the Oval Office at the White House in Washington, D.C., U.S., February 27,

Executives from several of Hollywood's major studios met Friday by phone with the Motion Picture Association to discuss the foreign film tariff Donald Trump called for earlier this week. Details about the meeting,

US President Donald Trump has appeared to soften his tone on tariffs on foreign films, which evoked anxiety among filmmakers in Hollywood and beyond. This came after his recent announcement threatening to slap 100% tariffs on films “produced in foreign lands.