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Drug makers dealt a Trump slump

Mar 8, 2017 - The Daily Telegraph (London)

PUMMELLED by a tweet from the US president, pharmaceutical stocks dragged the blue chip index into negative territory in afternoon trade.

Donald Trump said he was working on a "new system" to increase competition in the drug industry and bring down pricing. His comments come a day after legislation to dismantle Obamacare was revealed by US Republicans, who called for ending health insurance mandates. Mr Trump has previously said drug makers are "getting away with murder" on their pricing s

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