Trump to announce deal to lower prices of some weight-loss drugs: report

President Trump is expected to announce a deal on Thursday to lower the prices of some weight-loss drugs, according to a news report.

Several unnamed sources told CBS News that the announcement will be made at 11 a.m. ET.

The deal is with both Eli Lilly and Novo Nordisk, and is expected to lower the price of obesity drugs to $149 a month in some cases.

Eli Lilly said in a statement that it's "in discussions with the administration to further expand patient access, preserve innovation, and promote affordability of our medicines."

Novo Nordisk said it "is engaged in constructive discussions with the Administration regarding the Most Favored Nation executive order. We remain focused on improving patient access and affordability, and we will continue to work to find solutions that help people access the medication they need."