After six straight days higher and the best start to a year ever, Biotech/Pharma stocks were just crashed lower on the heels of comments from president-elect Trump promising more competitive drug pricing.
- Trump says Pharma Industry is “getting away with murder”
- Trump says “we need new bidding procedures” for drug industry;
The biggest plunge in Pharma/Biotech stocks since Brexit in June 2016.
In 2 minutes, the entire 2017 rally has been wiped out.
via http://ift.tt/2j1ucKg Tyler Durden