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Trump Threats on Drug Prices Leave Investors Unfazed These Days

  • Nasdaq biotech index rebounds after Trump blasts drugmakers
  • A year ago, his threats on lowering prices sunk the NBI index
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Trump vs. Big Pharma: Can He Bring Drug Prices Down?

What a difference a year makes.

In January 2017, Donald Trump, then president-elect, sank pharmaceutical and biotechnology stocks when he said companies are “getting away with murder” with high drug prices. On Monday, the shares quickly rebounded from a hiccup, after the president at a swearing-in ceremony for his new health secretary pledged to bring prescription prices “way down.”