Market Chatter: Trump Says He Will 'Knock Out' Drug Industry Middle Men

MT Newswires Live

Dec 17, 2024

President-elect Donald Trump told reporters Monday his administration is going to "knock out" pharmacy benefit managers in an effort to bring down drug prices, Bloomberg reported.

Shares of UnitedHealth Group (UNH), CVS Health (CVS) and Cigna (CI), which own the three largest pharmacy benefit managers, were down 3.7%, 3.8% and 1.7%, respectively, around 1 p.m. ET.

UnitedHealth, CVS and Cigna did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 47.39, Change: -1.98, Percent Change: -4.01

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price: 47.39, Change: -1.98, Percent Change: -4.01</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0211327993.USD","symbol_name":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2492102926","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492102926","pubTimestamp":1734372032,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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