Trump says drug companies are 'getting away with murder

In his first press conference in over 100 days, President-elect Donald Trump promised to go after the pharmaceutical industry.Drug companies, he said, "are getting away with murder." He said this was because they have "lots of lobbyists" doing their bidding. He also complained about the US government's inability to negotiate prices despite being the biggest purchaser of drugs in the world."We are going to change the bidding process," he said.Wall Street has been declaring pharma a winner of the US Presidential campaign since Trump's victory last November, but this shows that the Street's optimism was misplaced. Democratic candidate Hillary Clinton was far more outspoken in her outrage over high drug prices.The NASDAQ's Biotechnology index took a dive on his words and is continuing to head down.For more on what stocks could do under Trump, listen to BI's Linette Lopez and Josh Barro on their podcast, Hard Pass:Join the conversation about this storyNOW WATCH: MICHAEL LEWIS: The biggest way Wall Street culture has changed since 'Liar's Poker
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