UK Pharma Stocks Fall as Trump Repeals Obamacare

UK healthcare companies have lost value after Trump signed an executive order last month to repeal the Affordable Care Act, also known as Obamacare

Karen Kwok 2 February, 2017 | 3:46PM

Shares in UK pharmaceutical companies have come under pressure this week after US President Donald Trump signed an order scaling back parts of Obamacare.

President Trump signed an executive order last month to prepare “to seek the prompt repeal” of the Affordable Care Act, also known as Obamacare, and during a meeting with pharmaceutical executives at the White House this week, he commented on the high cost of drugs.

“The pricing has been astronomical. You folks have done a very great job over the years but we have to get the prices down,” Trump said

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AstraZeneca PLC8,505.00 GBX0.29
GlaxoSmithKline PLC1,575.00 GBX-1.12
Hikma Pharmaceuticals PLC2,111.67 GBX-1.42
Smith & Nephew PLC1,517.00 GBX-0.20

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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