Cigna and CVS shares fall as Trump targets ‘middlemen' in sweeping executive order against Big Pharma

President Trump took aim at Big Pharma on Monday by signing an executive order meant to slash Americans’ prescription drug prices by up to 90% — sparking a selloff in companies he labeled as “middlemen.” “What’s been happening is, we’ve been subsidizing other countries throughout the world,” Trump explained at a White House signing ceremony, calling the action one of his “most important orders.”“Some prescription drug and pharmaceutical prices will be reduced almost immediately by 50 to 80 to 90%,” he added ...