Trump’s Pharmaceutical Announcement Hits The Market

US equities were mixed in trading for Friday’s session. The markets fluctuated between gains and losses for most of the session, with most ETFs showing very modest gains or losses. There was some significant economic data released this morning, but the biggest news that should affect the markets was the announcement by the Trump administration of proposals to lower drug prices. The proposals do seem like they will have substantial impact on the profits that pharmaceutical companies will be able to enjoy once the plan is implemented, but much is still up in the air including whether or not the plan will actually be implemented as it is currently being proposed. Here’s what to expect.