Drudge Retort: The Other Side of the News
Wednesday, January 11, 2017

Stocks fluctuated, the dollar weakened slightly and buying picked up in Treasurys as President-elect Donald Trump slammed the drug industry in comments to the press and vowed health care costs would be cheaper in America.

But Trump did not discuss infrastructure spending or tax cuts that the markets had been hoping to get more details on from his first press briefing since the election. He did say, however -- not for the first time -- that companies that move out of the United States and then sell goods back into America would be taxed at the border.

"Pharma has a lot of lobbyists, a lot of lobbyists and a lot of power, and there's very little bidding on drugs we're the largest buyer of drugs in the world yet we don't bid properly," he said. "We're going to start bidding we're going to save billions of dollars over a period of time and we're going to do that with a lot of other industries."

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At some point in time Trump has to do more than bloviate to the press. The clock is ticking.

#1 | Posted by moder8 at 2017-01-11 01:35 PM | Reply

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Drudge Retort