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And thank you all for being here as we take a major step to ensure the United States is fully prepared to welcome the world to Los Angeles for the 2028 Summer Olympic Games. Very exciting day of my life when we got nominated and we ultimately got it. And I didn't think I'd be here for the games in this capacity, but it worked out that way. So I'm very happy about that. Had no idea that was gonna happen. When we got it, I said, "Too bad I won't be president then." But sort of, we took a very circuitous route, didn't we? In my first term, we were instrumental in helping the city of Los Angeles win the bid to bring the Olympic torch back to American soil. And today I will sign an executive order establishing the White House Task Force on the 2028 Summer Olympics, mobilizing the entire federal government to ensure the games are safe, seamless, and historically successful. It's gonna be amazing. I think it's gonna be amazing.

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But for the first time in many years, we'll slash the cost of prescription drugs, and we will bring fairness to America. Drug prices will come down by much more, really, if you think, '59. If you think of a drug that is sometimes 10 times more expensive, it's much more than the 59 percent. You know, it depends on the way you want to analyze it, but in one way you could analyze it that way. But between '59 and '80, and I guess even 90 percent. So when I worked so hard in the first term, and if I got prices down -- remember, I was the only one to ever get prices down for a full year, but I'd get them down like 2 percent, and I thought it was like a big deal. Well, we're getting them down 60, 70, 80, 90 percent, but actually more than that if you think about it in a way mathematically. And Farmer has to say we're sorry, but we'll not be able to do this any longer to these countries that have been so tough. They've been very tough. Nasty. It's trade. It's trade. And Farmer is also very powerful, and the Democrats have protected Farmer.

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But starting today, the United States will no longer subsidize the health care of foreign countries, which is what we were doing. We're subsidizing others' health care, countries where they paid a small fraction of what -- for the same drug that what we pay many, many times more for, and will no longer tolerate profiteering and price gouging from Big Pharma. But again, it was really the countries that forced Big Pharma to do things that, frankly, I'm not sure they really felt comfortable doing, but they've gotten away with it. These countries' European Union has been brutal, brutal. And the drug companies actually told me, "Sir, it was just brutal how they forced them." And European Union is suing all our companies -- Apple, Google, Meta -- they're suing all our companies. They end up -- they have judges that are European Union-centric, and they get rewarded 15 billion, 17 billion, 20 billion, and they use that to run their operation. It's not going to happen any longer, that I can tell you.

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>> We have four items prepared for your signature this afternoon, sir. The first of these executive orders is, it may be one of the most significant executive orders of your administration thus far. This directs all departments and agencies of the federal government to end all discriminatory policies against the coal industry. This ends the leasing moratorium that prevents new coal projects on federal land. And it's going to accelerate all permitting and funding for new coal projects to allow the coal industry to flourish under your leadership, sir. >> That's great, thank you. >> [APPLAUSE] >> [APPLAUSE] >> Sir, there are currently dozens of coal plants in America that are in imminent danger of being forced to close based on unscientific and unrealistic policies enacted by the Biden administration. What we're going to do is essentially impose a moratorium on those policies taking effect to protect coal plants that are currently operating to ensure that they're able to continue producing power and continue providing jobs to Americans in the coal industry. >> That's right, thank you very much. >> [APPLAUSE] >> Okay, sir, you've made grid reliability and security a key focus of this administration. This executive order is going to promote grid security and reliability by ensuring in part that our grid policies are focused on secure and effective energy production and energy transmission. As opposed to woke policies that discriminate against secure sources of power like coal and other fossil fuels. >> [APPLAUSE] >> [APPLAUSE] >> Lastly, sir, one of the biggest problems we have in this space is Democrat states, radical leftist states enacting policies and enacting an agenda that discriminates against coal, against secure sources of energy. Many of these policies are unconstitutional and illegal. And with this executive order, you're going to be instructing your Department of Justice to vigorously pursue and investigate these state policies that we believe are illegal or unconstitutional. >> Good, thank you. >> [APPLAUSE] >> Thank you very much, great job. He went to Harvard when Harvard was good. >> [LAUGH] >> It was a while ago. >> [APPLAUSE]

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I know him as Bob, but he's been a good friend for a long time, many years, and he's been after something that is for the good of a lot of people. Like anyone who's bought a concert ticket in the last decade, maybe 20 years, no matter what your politics are, knows that it's a conundrum. You buy a ticket for 100 bucks, by the time you check out it's 170. I would rather be, you know, a hero to working class people and have them be able to come attend my shows and give them a fair ticket price. I can't control them right now, so hopefully this is a step. I think you've been trying to get this done for 20 years or something. You said Trump got it done in two weeks. I know a lot of artists and a lot of fans who love love concerts and music are going to be very appreciative.

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