Pharmaceutical and biotech stocks plummeted Wednesday after President-elect Donald Trump said he¡¯d force the industry to bid for government business, a position that aligns him with congressional Democrats and against the powerful drug-manufacturing lobby.
¡°They¡¯re getting away with murder,¡± Trump said at a press conference in New York.¡°Pharma has a lot of lobbyists and a lot of power and there is very little bidding. We¡¯re the largest buyer of drugs in the world and yet we don¡¯t bid properly and we¡¯re going to save billions of dollars.¡±
NEW YORK -- The Dow Jones industrial average is tantalizingly close to the 20,000 mark today as U.S. stock indexes close in on all-time highs following a shaky start. The federal government's December jobs report showed that wages jumped by the largest amount in seven years, though hiring was a bit weaker than expected. Technology and industrial companies are making the biggest gains.
From Jan. 1 through Wednesday, 135 officers losttheir lives. Some died in traffic accidents, but nearly half were shot to death.That's a 56 percent increase in shooting deaths over the previous year. Of the 64 who were fatally shot, 21 were killed in ambush attacks often fueled by anger over police use of force involving minorities.