Pharma Stocks Sink; Gold Stalls; Risk-On Drives Tech
On this episode of Stock Movers:- AbbVie (ABBV) is lower this morning alongside pharma stocks as President plans to order a cut in US prescription drug costs by mandating that Americans pay no more than people in countries that have the lowest price.- Newmont (NEM) shares are also lower as a result of the risk on narrative. Gold fell more than 3% in the premarket as investor attention turns back to US equities in easing trade tensions with China.- Texas Instruments (TXN) is higher this morning along with other major chipmakers, which are heavily exposed to Asian markets. US megacap tech…
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