Trump’s 100-day plan also mentions reforming the US drug regulator, FDA. He talks about cutting the red tape to speed up approvals. This is good news for Indian pharma companies whose biggest market is the US. Plus, pharma companies were wary of Hillary Clinton, who had spoken against high drug prices. Many Democrats also proposed to set a cap on drug prices. This would have eaten into pharma company profits. With the Republicans in power, this issue is unlikely to crop up. This is one reason why shares of pharma companies rallied in an otherwise falling market on 9th November.
Also take time to check the Indian sector which is likely to suffer due to Trump being in office here.
So, now you should get a hint that wwhy Pharma sector has started running up now and take advantage of the same in the falling market by using our intraday idea which can help you make money easily.
