The Trump Effect: How Trump's Policies Moved Stocks This Past Week

Trump says drug prices to be "lowered massively," Chinese-backed hackers reportedly behind Moderna attack


Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump and his administration with this weekly recap compiled by The Fly:


1. DRUG PRICING: At the end of last week, President Trump signed three health care executive orders, including two that focus on the pharmaceutical industry and drug pricing.

Pfizer CEO Albert Bourla has said he believes President Trump's executive orders aimed at lowering U.S. prescription drug costs will cause "enormous destruction" as the industry races to develop vaccines and treatments for the coronavirus, CNBC's Berkeley Lovelace Jr. reported on Tuesday. "Overall, I'm disappointed with this executive order," Bourla said during a conference call discussing the company's second quarter earnings. "They pose enormous destruction in a time when the industry needs to be completely focused on developing a potential Covid-19 vaccine or treatment." A company spokeswoman emailed CNBC to clarify that Bourla meant to say the orders were an "enormous distraction" for drugmakers working on coronavirus vaccines.

This past Thursday, President Trump said via Twitter that, "Drug prices will soon be lowered massively. Big Pharma (Drug Companies) are advertising against me like crazy because lower prices mean less profit. When you watch a Fake Ad, just think lower drug prices!!!" Publicly traded companies in the space include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY).


2. CHINESE-BACKED HACKERS TARGETED MODERNA: Chinese government-linked hackers targeted Moderna (MRNA), a U.S.-based coronavirus vaccine research developer, earlier this year in a bid to steal valuable data, Reuters' Christopher Bing and Marisa Taylor reported on Thursday, citing a U.S. security official tracking Chinese hacking activity. Last week, the U.S. Justice Department made public an indictment of two Chinese nationals accused of spying on the United States, including three unnamed U.S.-based targets involved in medical research to fight the COVID-19 pandemic, the authors noted.

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