STAT

Trump promised to bring pharma to justice. His speech sent drug stocks soaring

President Trump promised to deliver a speech that would put to justice the pharma companies he claimed were gouging consumers. But his long-awaited remarks sent biopharma stocks skyward instead.

For months, President Trump promised to deliver a speech that would put to justice the pharma companies he claimed were gouging consumers. But his long-awaited remarks, delivered Friday, sent biopharma stocks skyward instead.

Trump did not call that marked his presidential campaign.

You’re reading a preview, subscribe to read more.

More from STAT

STAT2 min read
STAT+: Pharmalittle: We’re Reading About An Amgen Obesity Drug, A Senate Bill On Shortages, And More
Amgen will no longer develop an early-stage obesity pill, and will instead focus on a more advanced injectable candidate to compete with Wegovy and Zepbound.
STAT2 min read
STAT+: Brain Biopsies On ‘Vulnerable’ Patients At Mount Sinai Set Off Alarm Bells At FDA, Documents Show
A STAT Investigation: Brain biopsies on "vulnerable" patients at Mount Sinai set off alarm bells at FDA, documents show.
STAT2 min read
STAT+: Pharmalittle: We’re Reading About A Boy Dying In Pfizer Trial; AstraZeneca Yanking Covid Shot, And More
A young boy died in a clinical trial for an experimental Pfizer gene therapy for Duchenne muscular dystrophy, about a year after receiving the therapy.

Related Books & Audiobooks