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Fact-check · Oct 7, 2026 · Donald Trump

“We're building... Eli Lilly Merck, Pfizer, hundreds of billions of dollars of plants”

TRUESaid in 2 broadcasts
What the record shows
Eli Lilly: $27B for four new plants, $50B total since 2020. Merck: $70B total (manufacturing + R&D). Pfizer: $70B total (manufacturing + R&D). Combined ~$167B announced, though includes R&D alongside plants.

The three companies have announced substantial investments exceeding $100B combined, but the claim conflates total capital commitments with plant-specific spending and includes R&D.

Sources
▶ Watch the broadcast
From: President Trump Makes an Announcement, Oct. 7, 2026

Every time it was said

Oct 6, 2026President Trump Delivers Remarks, Oct. 6, 2026TRUE
Oct 7, 2026President Trump Makes an Announcement, Oct. 7, 2026TRUE

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