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Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
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The heads of research at several large drugmakers have received mysterious invitations to the White House for a meeting Friday morning, where more details are expected to be shared on President Barack Obama's plans for the he mentioned in his State of the Union address.
Vertex, Regeneron and Merck have all received invitations from the Office of Science and Technology Policy, asking for their top researchers to attend the event. Other details weren't shared in the invitation, a copy of which was obtained by CNBC.
The White House didn't immediately respond to a request for more information.
Read MoreDrug pricing concerns? Not at Gilead
The president briefly mentioned the "precision medicine" initiative in his Jan. 20 address, prompting questions about what it will entail and how much funding it could bring to medical research and drug development.
"Tonight, I'm launching a new precision medicine initiative to bring us closer to curing diseases like cancer and diabetes—and to give all of us access to the personalized information we need to keep ourselves and our families healthier," Obama said in his address.
"21st century businesses will rely on American science, technology, research and development," he said. "I want the country that eliminated polio and mapped the human genome to lead a new era of medicine—one that delivers the right treatment at the right time. In some patients with cystic fibrosis, this approach has reversed a disease once thought unstoppable."