Trump and Biotech

The iShares Biotech ETF is at a 52-week high as Biotech Stocks have overall had a great year. How will that change into 2020 with President Trump and the November election? While Trump has threatened action on drug pricing, biotech stocks have run-up this year but Trump continues working an executive order to ensure what U.S. consumers pay is no higher than what's paid by those in other nations.

Earlier in the year, adecision by a federal judge to strike down a Trump administration rule requiring drug companies list their prices in television ads helped take some pressure off the industry.

How will that change in 2020?

An article in Bloomberg, showed that top pharma executives are already looking to influence their opportunities by donating to the GOP. Will that be enough to prevent Washington and Trump from put limits on drug pricing?

Amgen and Pharma GOP Donations

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Trump just ruined biotech and the rest of the market with this idiotic assassination. What a crock

The thing is he kind of won. Stocks ended up hitting all-time highs again, Iran felt like they got revenge by hitting some bases with no one in them and he killed the guy he wanted to.

I personally think he wanted to bomb Iran back but he actually listened to smarter people this time around. For someone who can't stand the guy I was impressed. Still think killing Qasem Soleimani was a waste as they will just replace him with someone more awful as he was.

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Trump just ruined biotech and the rest of the market with this idiotic assassination. What a crock

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Don't the Chinese steal intellectual property?

Yes. They also keep prisoners and ethnic minorities around until a Han chinese needs one of their organs. Then they just kill the person and take the organ. Their government is terrible and morally bankrupt.

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It's pretty simple: The Trump administration’s policies on foreign investment stifle innovation and it is even worse in China.

Don't the Chinese steal intellectual property?

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Don't forget how Trump's trade war is affecting the Biotech industry. His trade war is preventing U.S. companies struggling to find domestic investors from getting investment directly from Chinese investors and universities. Many U.S. investment firms won't fund without human trials and many Chinese investors would like to invest but are unable. To some Chinese investors though, the trade war has become so bad that they aren't even interested in investing now.

Will a trade war resolution improve the investment climate for investors outside the U.S. or will they avoid the biotech industry all together because of Trump?

It's pretty simple: The Trump administration’s policies on foreign investment stifle innovation and it is even worse in China.

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"We're going to be announcing something very shortly — a favored nations clause," the president said. "As you know, for years and years, other nations paid less for drugs than we do — sometimes by 60, 70 percent."

"We’re working on a favored nations clause, where we pay whatever lowest nation’s price is," he added.

Don't forget how Trump's trade war is affecting the Biotech industry. His trade war is preventing U.S. companies struggling to find domestic investors from getting investment directly from Chinese investors and universities. Many U.S. investment firms won't fund without human trials and many Chinese investors would like to invest but are unable. To some Chinese investors though, the trade war has become so bad that they aren't even interested in investing now.

Will a trade war resolution improve the investment climate for investors outside the U.S. or will they avoid the biotech industry all together because of Trump?

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"We're going to be announcing something very shortly — a favored nations clause," the president said. "As you know, for years and years, other nations paid less for drugs than we do — sometimes by 60, 70 percent."

"We’re working on a favored nations clause, where we pay whatever lowest nation’s price is," he added.

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