Trump's 'sweeping action' to lower drug prices mocked by analysts as relieved investors trigger rally in Big Pharma stocks
President Donald Trump took to the bully pulpit today to steer a package of proposals into existence that he claimed is “the most sweeping action in history to lower the price of prescription drugs for the American people.”
But if that was his aim, his shot hit so far from the mark that it triggered a spike in Big Pharma stock prices as analysts dismissed the effort as a “non-event” centered on some marginal promotional issues that would be a “small price to pay” for avoiding taking a hit on their control of drug pricing.
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