Pharma ETFs Boosted After Senate Rejects House Drug Pricing Plan
September 23, 2019 at 11:27 AM EDT
Pharmaceuticals stocks and ETFs, including the VanEck Vectors Pharmaceutical ETF (NASDAQ: PPH), rallied Friday after Senate Majority Leader Mitch McConnell (R-KY) said a House effort to lower drug prices led by Speaker Nancy Pelosi (D-CA) will not be considered by the Senate. “Senate committees...