Trump is making big moves again!
This guy announced on his social platform Truth Social on Sunday night that he will sign an executive order on Monday to directly cut the prices of prescription drugs in the United States by 30% to 80%. This is not a small matter—once the news broke, Asian pharmaceutical stocks collectively plummeted at market opening today, with Japanese and South Korean companies hit the hardest, some even crashing by 7%.
This old guy is quite fierce, saying he wants to implement "most favored nation treatment" to ensure that Americans don't pay more for medications than other countries. He didn't forget to take a jab at pharmaceutical companies: "Don’t tell me about R&D costs; the U.S. being the sucker for so many years needs to end!" It’s clear he’s at odds with the drug manufacturers. It's worth noting that he wanted to do this four years ago, but was thwarted by lobbying groups from the pharmaceutical industry and politicians. This time he directly stated: "Don’t think political donations can buy me!"
However, this matter is not that simple. Pharmaceutical companies will certainly fight back; they are best at crying poor and saying "we don’t have money for R&D anymore." Wall Street and Washington are both watching closely, waiting to see how this order is specifically written—this could very well lead to a legal battle. But to be honest, if this really happens, the public might save a significant amount of money when buying medications at pharmacies. It just depends on whether Trump can stick to his guns this time.
As the market continues to change, we need to closely monitor market signals and seize new entry opportunities. Like + comment + follow, and we’ll navigate the bull market together to seize this major opportunity!
Today's focus: PNUT ETH INT ETHFI
