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Trump Sends Pharma Stocks Down With New Tweet on Drug Prices

  • President says he’s working on a ‘system’ to reduce prices
  • Shares of Mylan, Perrigo, Allergan decline after the tweet
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Trump vs. Big Pharma: Can He Bring Drug Prices Down?

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President Donald Trump jumped back into the debate over drug pricing on Tuesday, sending pharmaceutical stocks down again with a tweet promising to lower medicine costs for American people.

In a tweet shortly before 9 a.m. New York time, Trump said he’s working on a “new system where there will be competition in the drug industry.”