| Symbol | Price | Change | %Change |
|---|---|---|---|
| LLY | $734.57 | -16.88 | -2.25 |
| PFE | $22.28 | -0.26 | -1.15 |
| MRK | $75.97 | -1.68 | -2.16 |
| MRNA | $24.25 | -0.13 | -0.53 |
| NVO | $65.77 | 0.92 | 1.42 |
Pfizer, Merck, Eli Lilly and Novo Nordisk shares rallied after President Donald Trump announced his plan to lower prescription drug prices for American citizens by as much as 90%.
“”The United States will no longer subsidize the health care of foreign countries, which is what we are doing. We’re subsidizing others,” Trump said during a Monday press conference, explaining that countries were paying “a small fraction” of the price as the U.S. for the same drug” he said Monday.
Here is how the plan will work: READ HERE.
Trump, teased his announcement Sunday evening on Truth Social.
“I am pleased to announce that Tomorrow morning, in the White House, at 9:00 A.M., I will be signing one of the most consequential Executive Orders in our Country’s history. Prescription Drug and Pharmaceutical prices will be REDUCED, almost immediately, by 30% to 80%. They will rise throughout the World in order to equalize and, for the first time in many years, bring FAIRNESS TO AMERICA! I will be instituting a MOST FAVORED NATION’S POLICY whereby the United States will pay the same price as the Nation that pays the lowest price anywhere in the World. Our Country will finally be treated fairly, and our citizens” an excerpt of his Truth Social post explained.
Pharma stocks could be active on Monday.