PEOTUS Donald Trump vows to rein in drug prices, slamming biotech stocks
“I’m going to bring down drug prices,” he told Time, which declared the president-elect as their Person of the Year. “I don’t like what’s happened with drug prices.”
That’s all we know right now. There’s no plan tied to it. No discussion about getting Medicare to negotiate prices of reimportation from Canada, which drew some soft support during the election. And investors reacted swiftly, driving down the NASDAQ biotech index by 3%.
Unlock this article instantly by becoming a free subscriber.
You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.