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Merck On Thursday, Merck & Co. Inc. followed Pfizer and Novartis AG in pledging to cut back some prices and keep other increases in line with inflation. (Photo: Shutterstock)

The Trump administration moved swiftly in the past 24 hours to implement pieces of its plan to bring down drug prices, preparing several significant steps as one of the biggest U.S. drugmakers said it would bring down the cost of some medicines.

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