What does 17 pharma MFN deals are underneath the press releases: the real primary source stack, the GLP1 numbers, TrumpRX plumbing, and where the new adjudication layer gets monetized

The Most Favored Nation drug pricing push generated enormous coverage when the White House announced 17 pharmaceutical companies had agreed to terms. This episode reconstructs the full picture from the primary source stack — the July 2025 demand letters, the rolling deal announcements, and the executive order text itself — because the secondary coverage…