Drug Pricing In The Trump Era: Where To Invest Now

Most filmgoers will recognize this quote from the Lord of the Rings movie trilogy…

You have no power here, Gandalf the Grey.

The iconic line is a vivid reminder that even the most powerful figures can seem powerless in certain situations.

This year, this trope has jumped from the silver screen to the biopharmaceutical sector, where pharma stocks behave as if President Donald Trump’s threats to cut drug prices hold no power.

So, let’s take a closer look at how drug prices are set, and what power the president has to influence them.

This post originally appeared at InvestorPlace.