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Dow breaches 27,000; healthcare in spotlight after Trump's decision on rebate

WorldNews Thursday, 11 July 2019 ()
Dow breaches 27,000; healthcare in spotlight after Trump's decision on rebateU.S. stocks rose on Thursday on improved bets of an interest rate cut following Fed chief Jerome Powell’s dovish remarks, while healthcare stocks were mixed after the Trump administration withdrew a rule that would kill rebates. Shares of pharmacy benefit managers gained as the news meant these companies would continue to benefit from after-market discounts from drugmakers. Health insurers and drug distributors also rose. A 5.16% gain in...
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News video: AstraZeneca Biopharma President Talks Drug Rebates, Pricing

AstraZeneca Biopharma President Talks Drug Rebates, Pricing 00:47

The government's decision to drop its plan to cut drug rebates from government drug plans could be a negative factor for pharma, according to AstraZeneca Biopharmaceuticals President Ruud Dobber. The Trump Administration announced it is no longer pursuing a proposal to eliminate drug rebates from...

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